About

Unisys is a global technology solutions company that powers breakthroughs for the world's leading organizations. Our solutions – cloud, AI, digital workplace, applications and enterprise computing – help our clients challenge the status quo and unlock their full potential. To learn how we have been helping clients push what's possible for more than 150 years, visit unisys.com and follow us on LinkedIn. RELEASE NO. : 0729/10062 Unisys and other Unisys products and services mentioned herein, as well as their respective logos, are trademarks or registered trademarks of Unisys Corporation. Any other brand or product referenced herein is acknowledged to be a trademark or registered trademark of its respective holder. UIS-Q UNISYS CORPORATION CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) (Millions, except per share data) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Revenue $ 473.5 $ 483.3 911.1 915.4 Costs and expenses Cost of revenue 356.2 353.3 681.3 677.9 Selling, general and administrative 95.7 93.6 187.2 190.4 Research and development 5.8 6.1 10.6 11.7 Goodwill and intangible asset impairment 48.7 — 48.7 — 506.4 453.0 927.8 880.0 Operating (loss) income (32.9) 30.3 (16.7) 35.4 Interest expense 18.3 8.2 36.8 16.4 Other (expense), net (28.6) (22.1) (49.4) (39.0) Loss before income taxes (79.8) — (102.9) (20.0) Provision for income taxes 15.8 20.0 29.5 30.6 Consolidated net loss (95.6) (20.0) (132.4) (50.6) Net (loss) income attributable to noncontrolling interests (0.3) 0.1 (1.3) (1.0) Net loss attributable to Unisys Corporation $ (95.3) $ (20.1) $ (131.1) $ (49.6) Loss per share attributable to Unisys Corporation Basic $ (1.31) $ (0.28) $ (1.81) $ (0.70) Diluted $ (1.31) $ (0.28) $ (1.81) $ (0.70) UNISYS CORPORATION SEGMENT RESULTS (Unaudited) (Millions) Total DWS CA&I ECS Other Three Months Ended June 30, 2026 Revenue $ 473.5 $ 141.9 $ 184.4 $ 126.0 $ 21.2 Gross profit percent 24.8 % 10.8 % 25.0 % 44.8 % Three Months Ended June 30, 2025 Revenue $ 483.3 $ 138.1 $ 185.2 $ 140.2 $ 19.8 Gross profit percent 26.9 % 16.9 % 20.8 % 53.5 % Total DWS CA&I ECS Other Six Months Ended June 30, 2026 Revenue $ 911.1 $ 260.1 $ 366.4 $ 241.2 $ 43.4 Gross profit percent 25.2 % 12.0 % 23.4 % 45.8 % Six Months Ended June 30, 2025 Revenue $ 915.4 $ 256.7 $ 361.8 $ 258.9 $ 38.0 Gross profit percent 25.9 % 15.7 % 20.2 % 50.8 % TECHNOLOGY SOLUTIONS & SERVICES (TS&S) & CLEARPATH REVENUE AND GROSS PROFIT (Unaudited) (Millions) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 ClearPath revenue $ 69.7 $ 87.6 $ 135.2 $ 158.7 TS&S revenue 403.8 395.7 775.9 756.7 Revenue $ 473.5 $ 483.3 $ 911.1 $ 915.4 ClearPath gross profit $ 39.5 $ 60.3 $ 79.3 $ 103.6 TS&S gross profit 77.8 69.7 150.5 133.9 Gross profit $ 117.3 $ 130.0 $ 229.8 $ 237.5 ClearPath gross profit percent 56.7 % 68.8 % 58.7 % 65.3 % TS&S gross profit percent 19.3 % 17.6 % 19.4 % 17.7 % Gross profit percent 24.8 % 26.9 % 25.2 % 25.9 % UNISYS CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited) (Millions) June 30, 2026 December 31, 2025 Assets Current assets: Cash and cash equivalents $ 324.3 $ 413.9 Accounts receivable, net 359.7 437.7 Contract assets 11.2 10.9 Inventories 16.4 13.8 Prepaid expenses and other current assets 134.5 127.7 Total current assets 846.1 1,004.0 Properties, net 56.7 53.1 Capitalized contract costs, net 71.2 73.6 Marketable software, net 165.9 166.1 Operating lease right-of-use assets 32.3 38.4 Prepaid pension and postretirement assets 38.2 21.3 Deferred income taxes 94.4 96.9 Goodwill 146.6 193.8 Intangible assets, net 27.7 31.2 Restricted cash 8.2 7.8 Other long-term assets 154.3 160.0 Total assets $ 1,641.6 $ 1,846.2 Total liabilities and deficit Current liabilities: Current maturities of long-term debt $ 11.6 $ 12.7 Accounts payable 104.9 81.2 Deferred revenue 200.7 228.5 Other accrued liabilities 283.1 333.5 Total current liabilities 600.3 655.9 Long-term debt 721.9 729.0 Long-term pension and postretirement liabilities 485.1 517.7 Long-term deferred revenue 83.0 100.7 Long-term operating lease liabilities 25.3 30.6 Other long-term liabilities 77.9 80.6 Commitments and contingencies Total Unisys Corporation stockholders' deficit (367.4) (282.6) Noncontrolling interests 15.5 14.3 Total deficit (351.9) (268.3) Total liabilities and deficit $ 1,641.6 $ 1,846.2 UNISYS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Millions) Six Months Ended June 30, 2026 2025 Cash flows from operating activities Consolidated net loss $ (132.4) $ (50.6) Adjustments to reconcile consolidated net loss to net cash used for operating activities: (Gains) loss on debt extinguishment (0.2) 6.8 Foreign currency gains (4.3) (2.3) Employee stock compensation 7.2 9.7 Depreciation and amortization of properties 10.1 12.0 Depreciation and amortization of capitalized contract costs 13.5 7.5 Amortization of marketable software 23.8 27.0 Amortization of intangible assets 2.0 2.1 Goodwill and intangible asset impairment 48.7 — Other non-cash operating activities 0.1 2.1 Pension and postretirement contributions (58.1) (287.6) Pension and postretirement expense 60.9 43.9 Deferred income taxes, net (3.6) 1.4 Changes in operating assets and liabilities: Receivables, net and contract assets 85.4 49.1 Inventories (2.5) (11.1) Other assets (1.1) 13.3 Accounts payable and current liabilities (70.1) (111.6) Other liabilities (10.1) 5.4 Net cash used for operating activities (30.7) (282.9) Cash flows from investing activities Investment in marketable software (21.1) (23.6) Capital additions of properties and other assets (22.7) (16.8) Proceeds from foreign exchange forward contracts — 1,776.5 Purchases of foreign exchange forward contracts — (1,746.0) Other (0.4) (0.1) Net cash used for investing activities (44.2) (10.0) Cash flows from financing activities Proceeds from issuance of long-term debt — 700.0 Payments of long-term debt (9.5) (488.6) Issuance costs relating to long-term debt — (13.8) Cash paid for debt extinguishment — (4.0) Other (5.1) (3.3) Net cash (used for) provided by financing activities (14.6) 190.3 Effect of exchange rate changes on cash, cash equivalents and restricted cash 0.3 21.0 Decrease in cash, cash equivalents and restricted cash (89.2) (81.6) Cash, cash equivalents and restricted cash, beginning of period 421.7 390.6 Cash, cash equivalents and restricted cash, end of period $ 332.5 $ 309.0 UNISYS CORPORATION RECONCILIATIONS OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (Unaudited) (Millions, except per share data) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Net loss attributable to Unisys Corporation $ (95.3) $ (20.1) $ (131.1) $ (49.6) Pension and postretirement expense pretax 30.4 22.0 60.9 43.9 tax 1.2 0.6 2.4 1.2 net of tax 29.2 21.4 58.5 42.7 Goodwill and intangible asset impairment pretax 48.7 — 48.7 — tax — — — — net of tax 48.7 — 48.7 — Foreign exchange losses (gains), net pretax 2.7 0.5 (4.4) 0.4 tax — — — — net of tax 2.7 0.5 (4.4) 0.4 Loss (gain) on debt extinguishment pretax — 6.8 (0.2) 6.8 tax — — — — net of tax — 6.8 (0.2) 6.8 Certain legal matters, net pretax 1.2 0.7 1.4 0.3 tax — — — — net of tax 1.2 0.7 1.4 0.3 Environmental matters pretax 0.1 0.9 0.5 1.3 tax — — — — net of tax 0.1 0.9 0.5 1.3 Cost reduction and other expenses pretax 7.7 4.4 11.0 9.2 tax — 0.3 — 0.3 net of tax 7.7 4.1 11.0 8.9 Non-GAAP net (loss) income attributable to Unisys Corporation $ (5.7) $ 14.3 $ (15.6) $ 10.8 Weighted average shares (thousands) 72,914 71,261 72,358 70,683 Plus incremental shares from assumed vesting: Employee stock plans — — — — Adjusted weighted average shares 72,914 71,261 72,358 70,683 Weighted average shares (thousands) 72,914 71,261 72,358 70,683 Plus incremental shares from assumed vesting: Employee stock plans — 2,306 — 2,885 Non-GAAP adjusted weighted average shares 72,914 73,567 72,358 73,568 Diluted loss per share Net loss attributable to Unisys Corporation $ (95.3) $ (20.1) $ (131.1) $ (49.6) Divided by adjusted weighted average shares 72,914 71,261 72,358 70,683 Diluted loss per share $ (1.31) $ (0.28) $ (1.81) $ (0.70) Non-GAAP basis Non-GAAP net (loss) income attributable to Unisys Corporation for diluted (loss) earnings per share $ (5.7) $ 14.3 $ (15.6) $ 10.8 Divided by Non-GAAP adjusted weighted average shares 72,914 73,567 72,358 73,568 Non-GAAP diluted (loss) earnings per share $ (0.08) $ 0.19 $ (0.22) $ 0.15 UNISYS CORPORATION RECONCILIATIONS OF GAAP TO NON-GAAP (Unaudited) (Millions) FREE CASH FLOW Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Cash used for operations $ (26.3) $ (316.2) $ (30.7) $ (282.9) Additions to marketable software (10.7) (12.4) (21.1) (23.6) Additions to properties and other assets (12.0) (7.9) (22.7) (16.8) Free cash flow (49.0) (336.5) (74.5) (323.3) Pension and postretirement funding 29.7 278.2 58.1 287.6 Pre-pension and postretirement free cash flow (19.3) (58.3) (16.4) (35.7) Debt extinguishment payments — 4.0 — 4.0 Certain legal payments 0.2 0.8 0.3 1.8 Environmental matters payments 1.2 1.3 2.3 3.5 Cost reduction and other payments, net 8.5 2.8 18.3 5.3 Adjusted free cash flow $ (9.4) $ (49.4) $ 4.5 $ (21.1) UNISYS CORPORATION RECONCILIATIONS OF GAAP TO NON-GAAP (Unaudited) (Millions) EBITDA Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Net loss attributable to Unisys Corporation $ (95.3) $ (20.1) $ (131.1) $ (49.6) Net (loss) income attributable to noncontrolling interests (0.3) 0.1 (1.3) (1.0) Interest expense, net of interest income of $4.4, $5.6, $9.3 and $11.3, respectively (1) 13.9 2.6 27.5 5.0 Provision for income taxes 15.8 20.0 29.5 30.6 Depreciation 13.2 10.1 23.6 19.5 Amortization 12.9 15.9 25.8 29.1 EBITDA $ (39.8) $ 28.6 $ (26.0) $ 33.6 Pension and postretirement expense $ 30.4 $ 22.0 $ 60.9 $ 43.9 Goodwill and intangible asset impairment 48.7 — 48.7 — Foreign exchange losses (gains), net (1)(2) 2.7 0.5 (4.4) 0.4 Loss (gain) on debt extinguishment (1) — 6.8 (0.2) 6.8 Certain legal matters, net (3) 1.2 0.7 1.4 0.3 Environmental matters (1) 0.1 0.9 0.5 1.3 Cost reduction and other expenses (4) 6.7 0.1 9.0 3.8 Non-cash share based expense 3.1 2.9 7.2 9.7 Other expense (income), net adjustment (5) 0.4 (1.1) 2.6 1.8 Adjusted EBITDA $ 53.5 $ 61.4 $ 99.7 $ 101.6 (1) Included in other (expense), net on the consolidated statements of income (loss). (2) Foreign exchange (gains) losses include (gains) losses from remeasuring cash, receivables, payables and intercompany balances denominated in foreign currencies and (gains) losses on foreign exchange forward contracts. In the third quarter of 2025, the company ceased its use of foreign currency forward contracts. (3) Included in selling, general and administrative expenses and other (expense), net within the consolidated statements of income (loss). (4) Reduced for depreciation and amortization included above. (5) Other expense, net as reported on the consolidated statements of income (loss) less pension and postretirement expense, foreign exchange (gains) losses, net, (gain) loss on debt extinguishment, interest income and items included in certain legal and environmental matters and cost reduction and other expenses. Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Revenue $ 473.5 $ 483.3 $ 911.1 $ 915.4 Net loss attributable to Unisys Corporation as a percentage of revenue (20.1) % (4.2) % (14.4) % (5.4) % Non-GAAP net (loss) income attributable to Unisys Corporation as a percentage of revenue (1.2) % 3.0 % (1.7) % 1.2 % Adjusted EBITDA as a percentage of revenue 11.3 % 12.7 % 10.9 % 11.1 % UNISYS CORPORATION RECONCILIATIONS OF GAAP TO NON-GAAP (Unaudited) (Millions) OPERATING PROFIT (LOSS) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Operating (loss) profit $ (32.9) $ 30.3 $ (16.7) $ 35.4 Goodwill and intangible asset impairment 48.7 — 48.7 — Certain legal matters (1) 1.2 0.1 1.4 0.6 Cost reduction and other expenses (2) 7.9 6.0 10.9 11.9 Pension and postretirement expense (1) 0.4 0.4 0.8 0.8 Non-GAAP operating profit $ 25.3 $ 36.8 $ 45.1 $ 48.7 Revenue $ 473.5 $ 483.3 $ 911.1 $ 915.4 Operating (loss) profit percent (6.9) % 6.3 % (1.8) % 3.9 % Non-GAAP operating profit percent 5.3 % 7.6 % 5.0 % 5.3 % (1) Included in selling, general and administrative on the consolidated statements of income (loss). (2) Included in cost of revenue, selling, general and administrative and research and development on the consolidated statements of income (loss). SOURCE Unisys Corporation