The EPS beat is significant but masks underlying constant currency revenue contraction. Watch for further deterioration in Ex-LS constant currency growth (-2.9%) and ability to sustain margin improvements. Near-term focus on pension liability and cash flow generation.
Price Chart
Executive Summary
Unisys reported Q1 2026 Non-GAAP EPS of -$0.14, beating the -$0.38 consensus by 63%, while revenue of $437.6M was flat at +1.3% reported (-4.5% constant currency). The company reaffirmed full-year guidance for constant currency revenue growth of -6.5% to -4.5% and non-GAAP operating margin of 9-11%. Net loss widened to $35.8M from $29.5M a year ago.
Key Financial Metrics
Key Facts
- Non-GAAP EPS -$0.14 vs consensus -$0.38 (63% beat)
- Revenue $437.6M, up 1.3% YoY reported, down 4.5% constant currency
- Operating profit margin improved to 3.7% from 1.2% YoY; Non-GAAP operating margin 4.5% vs 2.8%
- Net loss attributable to Unisys widened to $35.8M from $29.5M
- New Business TCV surged 45% YoY to $158M
- Full-year 2026 guidance reaffirmed: constant currency revenue growth -6.5% to -4.5%, non-GAAP operating margin 9-11%
Financial Impact
Non-GAAP EPS beat consensus by $0.24; operating cash flow negative $4.4M vs positive $33.3M a year ago due to pension contributions and interest payments
Risk Factors
- Constant currency revenue decline of 4.5% indicates underlying business weakness
- Widening GAAP net loss and negative free cash flow raise liquidity concerns
- Pension obligations ($448.5M deficit) remain a significant overhang
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000746838-26-000015 |
| Document: uis-20260505.htm | 0000746838-26-000015 |
| Document: 0000746838-26-000015-index-headers.html | 0000746838-26-000015 |
| Document: 0000746838-26-000015-index.html | 0000746838-26-000015 |
| Document: 0000746838-26-000015.txt | 0000746838-26-000015 |
| 8-K Data (Synthetic) | 0000746838-26-000015 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 5w ago | Press Release | $2.48 | awaiting T+60 | — | $2.56 (+3.02%) |
Jul 8, 2026 15w ago | Press Release | $3.56 $2.31 | ▼ −35.11% | ▼ −37.42% | $2.56 (−28.23%) |
Jun 2, 2026 21w ago | 8-K | $4.62 $2.61 | ▼ −43.51% | ▼ −44.62% | $2.56 (−44.70%) |
May 19, 2026 22w ago | Insider Cluster | $2.97 $2.86 | ▼ −3.70% | ▼ −8.71% | $2.56 (−13.97%) |
May 5, 2026 24w ago | 8-K | $3.27 $2.87 | ▼ −12.23% | ▼ −14.29% | $2.56 (−21.87%) |
May 4, 2026 25w ago | 8-K | $2.84 $3.15 | ▲ +10.92% | ▲ +8.18% | $2.56 (−10.04%) |
Mar 16, 2026 32w ago | DEFA14A | $2.31 $3.83 | ▲ +65.80% | ▲ +55.94% | $2.56 (+10.61%) |
Feb 24, 2026 34w ago | 8-K | $2.46 $2.97 | ▼ −20.73% | ▼ −13.78% | $2.56 (−3.86%) |
US Market Status
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