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Unisys (UIS) investor relations material
Unisys Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue was $471.5M, up 2.5% YoY reported and 0.6% in constant currency; non-GAAP operating margin was 7.2%, up 180 bps and above expectations.
FY26 constant-currency revenue guidance was raised for the second time; non-GAAP operating margin and free cash flow expectations were reaffirmed.
TCV rose 43% YoY to $594M, including 78% growth in new-business TCV; management highlighted AI-enabled services, AI infrastructure and ClearPath opportunities.
A $151.2M pretax non-cash pension settlement loss contributed to a $201.0M GAAP net loss; adjusted non-GAAP net loss was $8.5M.
Financial highlights
Revenue was $471.5M versus $460.2M a year earlier; gross profit was $126.0M and gross margin was 26.7%, up 120 bps.
GAAP operating income was $23.7M versus an operating loss of $33.5M; non-GAAP operating profit was $34.0M, with a 7.2% margin.
GAAP net loss was $201.0M, or $2.76 diluted loss per share; adjusted non-GAAP net loss was $8.5M, or $0.12 per share.
Adjusted EBITDA was $59.7M, or 12.7% of revenue, versus $48.2M and 10.5%; GAAP diluted loss per share was $2.76 versus $4.33.
Q3 operating cash flow was negative $35.8M and free cash flow was negative $57.7M; adjusted free cash flow was negative $18.7M.
Outlook and guidance
FY26 revenue guidance improved to a 3.0%–1.5% decline in constant currency from a 5.0%–3.5% decline; reported guidance is negative 0.4% to positive 1.1%.
FY26 non-GAAP operating margin guidance remained 9.0%–11.0%; assumptions include ClearPath revenue of ~$425M and TS&S constant-currency decline of 3.0%–1.0%.
FY26 free cash flow expectation remained ~$(25)M, or ~$75M pre-pension and post-retirement; capex is estimated at ~$85M and pension contributions at ~$97M.
Q4 revenue was expected to be ~$570M, including ~$205M from ClearPath; 2027–2028 average annual ClearPath revenue was expected to be ~$400M.
Remaining performance obligations were $0.7B; 13% was expected to convert to revenue by year-end 2026, 41% in 2027 and 25% in 2028.
- Ex-L&S growth and margin gains faced pension losses and renewal-timing pressure.UIS
Q4 2023 - Q2 2026 revenue fell 2.0% and net loss hit $95.3M after DWS goodwill impairment; guidance reaffirmed.UIS
Q2 2026 - AI-driven growth, margin expansion, and deleveraging set the stage for improved returns by 2029.UIS
16th Annual East Coast IDEAS Conference - AI-first strategy accelerates growth, margin expansion, and positive free cash flow by 2029.UIS
Investor Day 2026 - AI integration and outcome-based models drive growth as pension obligations near resolution.UIS
21st Annual Needham Technology, Media, & Consumer Conference - Revenue up 1.3% YoY, margins improved, net loss widened, and new business TCV surged 45%.UIS
Q1 2026 - Leadership transition, strong AI focus, and improved profitability marked the 2026 meeting.UIS
AGM 2026 - Proxy covers director elections, compensation, auditor, equity plan, and governance reforms.UIS
Proxy Filing - Revenue fell 11.4% but backlog and TCV rose; guidance and liquidity remain strong.UIS
Q1 2025
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