Revenue: As of FY2026 Q2, the actual value is USD 473.5 M, beating the estimate of USD 447.35 M.

EPS: As of FY2026 Q2, the actual value is USD -1.31, missing the estimate of USD -0.3425.

EBIT: As of FY2026 Q2, the actual value is USD -18.9 M.

Overall Financial Performance

Unisys Corporation reported total revenue of $473.5 million for the second quarter of 2026 (2Q26), representing a decrease of 2.0% year over year (YoY), or -5.2% in constant currency. Year-to-date (YTD) 2026 revenue was $911.1 million, a -0.5% YoY decrease, or -4.8% in constant currency. The overall gross profit margin for 2Q26 was 24.8%, down 210 basis points YoY, with YTD26 gross profit margin at 25.2%. Operating loss for 2Q26 was - $32.9 million, resulting in an operating loss percent of -6.9%. For YTD26, the operating loss was - $16.7 million, or -1.8%. Non-GAAP operating profit for 2Q26 was $25.3 million (5.3% margin), and for YTD26 was $45.1 million (5.0% margin). The company reported a net loss attributable to Unisys Corporation of - $95.3 million for 2Q26 and - $131.1 million for YTD26. Non-GAAP net loss attributable to Unisys Corporation was - $5.7 million for 2Q26 and - $15.6 million for YTD26. EBITDA for 2Q26 was - $39.8 million, and for YTD26 was - $26.0 million. Adjusted EBITDA was $53.5 million for 2Q26 (11.3% of revenue) and $99.7 million for YTD26 (10.9% of revenue).

Segment Revenue and Gross Profit

Technology Solutions & Services (TS&S)

TS&S revenue increased to $403.8 million in 2Q26, up 2.0% YoY, or -1.3% in constant currency. YTD26 TS&S revenue was $775.9 million, up 2.5% YoY, or -2.1% in constant currency. TS&S gross profit margin improved by 170 basis points YoY to 19.3% in 2Q26, primarily due to delivery improvements and labor cost savings initiatives, with YTD26 TS&S gross profit margin at 19.4%.

ClearPath

ClearPath revenue was $69.7 million in 2Q26, a decrease of -20.4% YoY, or -22.9% in constant currency. YTD26 ClearPath revenue was $135.2 million, a -14.8% YoY decrease, or -18.1% in constant currency. ClearPath gross profit margin was 56.7% in 2Q26 and 58.7% for YTD26, with decreases primarily driven by the timing of ClearPath license renewals.

Digital Workplace Solutions (DWS)

DWS revenue for 2Q26 was $141.9 million, an increase of 2.8% YoY, or -1.1% in constant currency. YTD26 DWS revenue reached $260.1 million. DWS gross profit margin was 10.8% in 2Q26, a decrease of 610 basis points YoY, attributed to client attrition, a higher proportion of lower-margin hardware revenue, and increased delivery costs during new business implementation. A non-cash goodwill impairment charge of $48.7 million related to the DWS reporting unit was included in the operating loss for 2Q26.

Cloud, Applications & Infrastructure Solutions (CA&I)

CA&I revenue declined to $184.4 million in 2Q26, a decrease of -0.4% YoY, or -3.2% in constant currency. YTD26 CA&I revenue was $366.4 million. CA&I gross profit margin increased to 25.0% in 2Q26, up 420 basis points YoY, primarily driven by delivery improvements and labor cost savings initiatives.

Enterprise Computing Solutions (ECS)

ECS revenue was $126.0 million in 2Q26, a decrease of -10.1% YoY, or -13.2% in constant currency. YTD26 ECS revenue was $241.2 million. ECS gross profit margin was 44.8% in 2Q26, a decrease of 870 basis points YoY, with decreases in revenue and gross profit margin primarily due to the timing of ClearPath license renewals.

Cash Flow and Balance Sheet

Cash used for operations was - $26.3 million in 2Q26 and - $30.7 million for YTD26. Free cash flow was - $49.0 million in 2Q26 and - $74.5 million for YTD26. Pre-pension and postretirement free cash flow was - $19.3 million for 2Q26 and - $16.4 million for YTD26. Adjusted free cash flow was - $9.4 million for 2Q26 and $4.5 million for YTD26. Cash and cash equivalents stood at $324.3 million as of June 30, 2026, down from $413.9 million on December 31, 2025.

Other Operational Metrics

New Business Total Contract Value (TCV) was $192 million in 2Q26, a 57% increase YoY. YTD26 New Business TCV was $350 million, a 52% increase YoY. Total company TCV for 2Q26 was $422 million, a -3% decrease YoY, while YTD26 Total company TCV was $696 million, an 8% increase YoY. Backlog was $2.82 billion for 2Q26, compared to $2.92 billion for 2Q25.

Outlook / Guidance

Unisys Corporation reaffirms its full-year 2026 constant currency revenue growth guidance of -5.0% to -3.5% and maintains its non-GAAP operating profit margin guidance of 9.0% to 11.0%. This guidance assumes ClearPath revenue of approximately $425 million and TS&S constant currency revenue growth of -6.0% to -4.0%. The company expects reported revenue growth of -2.6% to -1.1% based on exchange rates at the end of 2Q26.