10-K · February 25, 2026
Unisys reports a year marked by a mid-year slump and a Q4 rebound: Q4 2025 revenue improved to $575.0M with gross margin 33.9% and operating margin 13.3%, but full-year revenue declined to approximately $1.95B (2025)…
Earnings analysis · 10-Q
UIS earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
Unisys Corporation reported Q1 2026 results with revenues of $437.6 million, surpassing estimates and representing a slight year-over-year increase. However, the company experienced a net loss of $35.8 million, compared…
Read full summary
Unisys Corporation reported Q1 2026 results with revenues of $437.6 million, surpassing estimates and representing a slight year-over-year increase. However, the company experienced a net loss of $35.8 million, compared to a loss of $29.5 million in the previous year. Management reaffirmed the full-year guidance for revenue growth, highlighting challenges including client attrition in certain segments.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.14
What stood out
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Revenue Growth
Q1 2026 revenue was $437.6 million, up 1.3% from $432.1 million in Q1 2025.
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Improved Gross Profit
Gross profit increased to $112.5 million with a margin of 25.7%, compared to $107.5 million and 24.9% in the prior year.
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Operating Profit Increase
Operating profit was $16.2 million in Q1 2026, significantly up from $5.1 million in Q1 2025.
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New Business TCV Growth
New Business Total Contract Value rose 45% to $158 million compared to $109 million in Q1 2025.
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Cash Flow Changes
Cash used in operations was $4.4 million, compared to $33.3 million cash provided in Q1 2025.
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Segment Revenue Stability
DWS segment revenue was stable at $118.2 million, a slight decrease of 0.3% from Q1 2025.
What to watch
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Increased Net Loss
Net loss for Q1 2026 was $35.8 million, worsening from a $29.5 million loss in Q1 2025.
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Higher Interest Expense
Interest expense rose to $18.5 million in Q1 2026, compared to $8.2 million in Q1 2025, following increased debt.
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Free Cash Flow Decline
Free cash flow was not generated this quarter, contrasting with $24 million in Q1 2025.
Management's outlook
Reaffirmed 2026 full-year revenue growth guidance in constant currency between -6.5% to -4.5%.
Earlier filings 4
10-Q · November 6, 2025
Unisys reported Q3 2025 revenue of $460.2M, down from $497.0M year-over-year, and recorded an operating loss of $33.5M and GAAP diluted loss per share of $(4.33). The quarter was dominated by a $227.7M U.S. pension…
10-Q · July 31, 2025
Unisys reported quarterly revenue of $483.3 million, up $5.1 million versus the year-ago quarter, with operating income of $30.3 million (6.3% operating margin) driven by Technology growth. The company recorded a GAAP…
10-K · February 21, 2025
Unisys positions itself as a multi-cloud, AI- and security-focused IT solutions provider organized into three reportable segments (Digital Workplace Solutions, Cloud, Applications & Infrastructure Solutions, and…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.