UIS earnings analysis
What we found in UIS's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth
- Q1 2026 revenue was $437.6 million, up 1.3% from $432.1 million in Q1 2025.
- 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.
- Operating Profit Increase
- Operating profit was $16.2 million in Q1 2026, significantly up from $5.1 million in Q1 2025.
- New Business TCV Growth
- New Business Total Contract Value rose 45% to $158 million compared to $109 million in Q1 2025.
- Cash Flow Changes
- Cash used in operations was $4.4 million, compared to $33.3 million cash provided in Q1 2025.
- Segment Revenue Stability
- DWS segment revenue was stable at $118.2 million, a slight decrease of 0.3% from Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increased Net Loss
- Net loss for Q1 2026 was $35.8 million, worsening from a $29.5 million loss in Q1 2025.
- Higher Interest Expense
- Interest expense rose to $18.5 million in Q1 2026, compared to $8.2 million in Q1 2025, following increased debt.
- Free Cash Flow Decline
- Free cash flow was not generated this quarter, contrasting with $24 million in Q1 2025.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.14
- Gross margin
- 25.7%
- Operating margin
- 3.7%
- Segment
- Digital Workplace Solutions (DWS): $118.2M
- Segment
- Cloud, Applications & Infrastructure Solutions (CA&I): $182.0M
- Segment
- Enterprise Computing Solutions (ECS): $115.2M
What they said about what is next.
Reaffirmed 2026 full-year revenue growth guidance in constant currency between -6.5% to -4.5%.
The filing reads about the same as the one before it.
What came before.
- 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)…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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