UIS Q2 Earnings Miss on ClearPath Timing Despite Revenue Beat
Unisys misses on Q2 earnings as ClearPath renewal timing pressures revenues and margins, despite a revenue beat and stronger new-business bookings.
Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States, the United Kingdom, and internationally. ...
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Est. EPS $-0.20 · Revenue $449.92M · 3 analysts
Est. EPS $1.05 · Revenue $560.30M · 3 analysts
Est. EPS $0.64 · Revenue $1.92B · 3 analysts
Est. EPS $0.03 · Revenue $436.38M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $2.0B | -2.9% | +8.2% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-339.8M | -75.7% | -166.2% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +28.2% | -3.4% | -3.6% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +6.8% | +41.2% | +5.6% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -17.4% | -81.0% | -146.0% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-217.6M | -493.5% | -153.6% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -11.2% | -505.3% | -134.4% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | -278.9% | -47.2% | +19.0% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.53x | -2.1% | -5.2% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $1.8B | -1.4% | -5.2% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -4.77 vs 0.70 | -783.9% | -1.31 vs -0.20 | -548.5% |
| Revenue Surprise | $2.0B vs $1.9B | +0.2% | $473.5M vs $449.9M | +5.2% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 3, 2026 | Bundy David J. | officer: SVP, Chief People Officer | Common Stock | A | 58,529 | $2.99 |
| Aug 3, 2026 | Bundy David J. | officer: SVP, Chief People Officer | Common Stock | — | 0 | — |
| Jul 31, 2026 | Prohl Kristen | officer: SVP, GC, Secretary & CAO | Common Stock | D | 2,282 | $2.87 |
| Jun 4, 2026 | Germond Philippe | director | Common Stock | D | 20,000 | $4.15 |
| Jun 3, 2026 | Richardson Troy | director | Common Stock | D | 110,000 | $4.40 |
Operator: Good morning, and welcome to the Unisys Corporation Second Quarter 2026 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Michaela Pewarski, Vice President of Investor Relations. Please go ahead. Michaela Pewarski: Thank you, operator. Good morning, everyone. Thank you for joining us. Yesterday afternoon, Unisys released its second quarter 2026 financial results. Joining me to discuss these results are Mike Thomson, our CEO and President; and Deb McCann, our Chief Financial Officer. As a reminder, today's call contains estimates and other forward-looking statements within the meaning of the securities laws. We caution listeners that these statements are subject to risks and uncertainties that could cause actual results to differ materially. These items can be found in our forward-looking statements section of yesterday's earnings release furnished on Form 8-K and in our most recent Form 10-K and 10-Q filed with the SEC. We do not assume any obligation to review or revise any forward-looking statements in light of future events. We will also refer to certain non-GAAP financial measures such as non-GAAP operating profit and adjusted EBITDA. These measures exclude certain unusual or nonrecurring items such as postretirement expense, cost reduction activities and other expenses the company believes are not indicative of ongoing operations. We believe these measures provide a more complete understanding of our financial performance, but they are not intended to be a substitute for GAAP. Reconciliations for non-GAAP measures are provided in the slides for today's call available on our investor website. With that, I'd like to turn the call over to Mike. Michael Thomson: Thank you, Michaela. Good morning, everyone, and thank you for joining us to discuss the company's second quarter 2026 results. The year is progressing well with the second quarter building on a good start to the year. As announced at our June Investor Day, we have increased our full year revenue guidance and second quarter came in ahead of the expectations we shared on our last earnings call. New business signings are again a bright spot, up more than 50% year-over-year in the second quarter and improved sequentially over the first quarter, which had been our strongest since 2024. Steady execution of our efficiency initiatives keeps us firmly on track for full year profit and cash flow. We continue investing to deploy our AI-infused solutions to our existing client base, enhancing AI fluency and proficiency and extending our platforms by building out our portfolio of Agentic assets to accelerate AI adoption in complex IT environments. That includes within our ClearPath ecosystem, where we are evolving both our core platforms to support AI capabilities and increasing the flexibility in using ClearPath data for connecting and powering enterprise AI workloads. Our investments …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Michael Thomson | Chief Executive Officer, President & Director | USD 2,280,260 | Male | 1969 | Active |
Debra Winkler McCann | Executive Vice President & Chief Financial Officer | USD 1,445,529 | Female | 1973 | Active |
Kristen W. Prohl | Senior VP, General Counsel, Corporate Secretary & Chief Administration Officer | USD 1,337,051 | Female | — | Active |
Christopher Arrasmith | Executive Vice President & Chief Operating Officer | USD 1,237,468 | Male | 1976 | Active |
Teresa Poggenpohl | Senior Vice President & Chief Marketing Officer | USD 1,163,751 | Female | 1962 | Active |
Daniel Ferry | Vice President of Corporate Development & Transformation | — | Male | — | Active |
David Brown | Vice President, Chief Accounting Officer & Corporate Controller | — | Male | 1979 | Active |
Matt Marshall | Chief Information Officer | — | Male | — | Active |
Morgan McCoy | Senior Vice President of Global Sales & Alliances | — | Male | — | Active |
Michaela Pewarski | Vice President of Investor Relations | — | Female | — | Active |
Unisys misses on Q2 earnings as ClearPath renewal timing pressures revenues and margins, despite a revenue beat and stronger new-business bookings.
Unisys (UIS) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.19 per share a year ago.
Unisys Reports Strong New Business Signings and Reaffirms 2026 Full-Year Guidance Revenue of $473.5 million, down 2.0% year over year (YoY), down 5.2% in constant currency(1) Technology Solutions & Services(13) (TS&S) revenue of $403.8 million, up 2.0% YoY, down 1.3% in constant currency Gross profit margin of 24.8%, down 210 bps YoY; TS&S gross profit margin of 19.3%, up 170 bps YoY New Business(5) Total Contract Value (TCV)(3) of $192 million, an increase of 57% YoY Unisys reaffirms previously raised 2026 full-year constant currency revenue growth guidance and maintains non-GAAP operating profit(6) margin guidance; guidance assumes ClearPath revenue of approximately $425 million BLUE BELL, Pa., July 29, 2026 /PRNewswire/ -- Unisys Corporation (NYSE: UIS) reported financial results for the second quarter of 2026 (2Q26).
UIS gears up to report Q2 earnings on July 29, with stronger signings in focus as AI demand, a growing backlog and automation support performance.
While 75% say agentic AI will be essential to managing cloud environments, only 23% have begun scaling it across their business BLUE BELL, Pa., July 21, 2026 /PRNewswire/ -- Unisys (NYSE: UIS) has released a new global report, "Unisys AI & Cloud Insights Report 2026: The benchmarks, the gaps, and what to do next," which examines how organizations are turning AI and cloud investments into measurable outcomes amid rising cybersecurity concerns.