Unisys

Q2 FY2026 EarningsQ2 FY26 revenue of $473.5M beat the $447.35M consensus, primarily driven by Technology Solutions & Services (TS&S) growth. However, profitability significantly missed expectations due to a $47.2M goodwill impairment in the Digital Workplace Solutions (DWS) segment, leading to a GAAP operating loss of $32.9M versus a $20.22M EBIT profit expected. Gross margin of 24.8% fell short of the 26.0% consensus as high-margin ClearPath renewals declined 20.4% YoY. GAAP EPS of -$1.31 was well below the -$0.34 consensus, weighed down by the non-cash impairment and higher interest expenses following the 2025 debt restructuring.