Unisys Corp
NYSE:UIS
Unisys Corp
Unisys Corp. engages in the provision of security-centric information technology solutions for clients across the government, financial services, and commercial markets. The company is headquartered in Blue Bell, Pennsylvania and currently employs 16,300 full-time employees. The firm operates through three segments: Digital Workplace Solutions (DWS), Cloud & Infrastructure Solutions (C&I) and Enterprise Computing Solutions (ECS). Its DWS business segment helps client transform digital workplaces securely and create end-user experiences. The C&I business segment helps clients accelerate value realization with cloud solutions to deliver secure operations. The ECS business segment helps clients harness secure, continuous high-intensity computing and enable digital services through software-defined operating environments. The firm also offers business process solutions and application development solutions. The company integrates security into all of its solutions. Its technology products include Unisys ClearPath Forward and Unisys Stealth security software. The company offers its solutions to its target markets, which includes government, commercial and financial services.
Unisys Corp. engages in the provision of security-centric information technology solutions for clients across the government, financial services, and commercial markets. The company is headquartered in Blue Bell, Pennsylvania and currently employs 16,300 full-time employees. The firm operates through three segments: Digital Workplace Solutions (DWS), Cloud & Infrastructure Solutions (C&I) and Enterprise Computing Solutions (ECS). Its DWS business segment helps client transform digital workplaces securely and create end-user experiences. The C&I business segment helps clients accelerate value realization with cloud solutions to deliver secure operations. The ECS business segment helps clients harness secure, continuous high-intensity computing and enable digital services through software-defined operating environments. The firm also offers business process solutions and application development solutions. The company integrates security into all of its solutions. Its technology products include Unisys ClearPath Forward and Unisys Stealth security software. The company offers its solutions to its target markets, which includes government, commercial and financial services.
Q4 Growth: Unisys reported fourth quarter revenue of $575 million, up 5.3% year-over-year, driven mainly by timing of License & Support (L&S) renewals.
Full Year Results: Full year 2025 revenue was $1.95 billion, down 2.9% as reported, but came in slightly above the revised midpoint of guidance.
Profitability: Non-GAAP operating margin was 18% in Q4 and 9.1% for the year, both above the top end of guidance ranges.
Free Cash Flow: Pre-pension free cash flow for the year was $128 million, up 55% from the prior year and beating the $110 million target.
L&S Revenue Strength: L&S revenue exceeded original expectations by nearly $40 million, and management expects $415 million in L&S revenue for 2026.
Cost Reduction: SG&A as a percent of revenue was reduced by nearly 300 basis points over 3 years, with further reductions planned for 2026.
AI as Growth Driver: Management sees artificial intelligence as a long-term demand driver and is rolling out new AI-driven solutions, with plans for broader client adoption in 2026.
2026 Outlook: Guides for a 6.5% to 4.5% constant currency revenue decline in 2026, primarily due to expected Ex-L&S revenue headwinds and continued macro uncertainty.
Pension Progress: Global pension deficit reduced by $300 million to $450 million; ongoing steps to fully remove U.S. pension obligations by 2029.
Backlog & Bookings: Year-end backlog grew to $3.2 billion, up 12% sequentially and 11% year-over-year, with a trailing 12-month book-to-bill of 1.1x.
