Unisys reported second quarter revenue of $473.5 million, a decrease of 2.0% year-over-year, and a GAAP loss per share of $1.31. The results beat revenue estimates but missed earnings expectations, primarily due to a non-cash impairment charge.
Key Highlights
- Core Technology Solutions & Services (TS&S) revenue, which excludes legacy contracts, grew 2.0% YoY to $403.8 million, significantly outperforming expectations for a decline.
- New business Total Contract Value (TCV) increased 57% year-over-year to $192 million, signaling strong demand and future revenue potential.
- The company recorded a non-cash goodwill impairment charge of $47.2 million related to its Digital Workplace Solutions (DWS) unit, which was the primary driver of the GAAP net loss.
- Unisys reaffirmed its full-year 2026 revenue and profitability guidance, indicating management's confidence in its operational outlook for the remainder of the year.