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Unisys
(NYSE:UIS)
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Rating:48Neutral
Price Target:
$3.50
▲(35.66% Upside)
Action:Reiterated
Date:06/03/26
The score is held down primarily by weak financial fundamentals (ongoing losses, negative equity, and cash burn). Technical momentum is a partial positive but appears overextended, while valuation lacks support due to a negative P/E and no dividend. Earnings-call guidance remains mixed, with margin and bookings improvements offset by expected revenue declines and continued cash-flow pressures.
Positive Factors
Strong bookings and backlog growth
A book-to-bill above 1.0 and a nearly $3.0B backlog provide durable revenue visibility and pipeline conversion optionality. Strong TCV and backlog growth smooth near-term volatility, supporting multi-quarter service delivery and underpinning future revenue as contracts convert to recurring managed-services cash flows.
Negative Factors
Weak balance sheet and negative equity
Persistent negative equity and material debt raise solvency and refinancing risk, limiting financial flexibility. A thin capital buffer makes the firm more vulnerable to execution slippage, constrains ability to invest organically or via M&A, and increases reliance on external financing during extended loss periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong bookings and backlog growth
A book-to-bill above 1.0 and a nearly $3.0B backlog provide durable revenue visibility and pipeline conversion optionality. Strong TCV and backlog growth smooth near-term volatility, supporting multi-quarter service delivery and underpinning future revenue as contracts convert to recurring managed-services cash flows.
Read all positive factors
Unisys (UIS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$261.73M
Dividend YieldN/A
Average Volume (3M)1.06M
Price to Earnings (P/E)―
Beta (1Y)2.38
Revenue Growth0.15%
EPS Growth-359.97%
CountryUS
Employees15,400
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-4.85
Shares Outstanding72,905,170
10 Day Avg. Volume852,416
30 Day Avg. Volume1,063,156
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.70
Price to Sales (P/S)0.10
P/FCF Ratio-0.90
Enterprise Value/Market Cap2.49
Enterprise Value/Revenue0.33
Enterprise Value/Gross Profit1.17
Enterprise Value/Ebitda-5.65
Forecast
1Y Price Target
$6.50Price Target Upside151.94% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.82
Revenue Forecast (FY)$1.91B
Unisys Business Overview & Revenue Model
Company Description
Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States, the United Kingdom, and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, App...
How the Company Makes Money
Unisys primarily makes money by selling IT services and solutions under customer contracts. Key revenue streams typically include: (1) Services revenue from consulting, systems integration, and managed services/outsourcing engagements where Unisys...
Unisys Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Neutral
The call presented a balanced picture: clear operational and margin improvements driven by AI adoption, strong new business signings, backlog growth and cost-efficiency gains are offset by ongoing constant-currency revenue declines, a GAAP net loss, negative free cash flow in the quarter and near-term pension- and GAAP-related noncash charges. Management reaffirmed guidance that still contemplates full-year revenue declines while projecting continued margin improvement, leaving the outlook mixed.Positive Updates
Reported Revenue and Ex-L&S Growth (Reported)
Total revenue of $438 million, up 1.3% year-over-year on a reported basis; Excluding license & support (Ex-L&S) revenue was $372 million, up 3.1% year-over-year (but down in constant currency).
Negative Updates
Revenue Decline in Constant Currency and Segment Softness
On a constant currency basis, total revenue declined 4.5% year-over-year. Segment declines included Digital Workplace Solutions down 6.5% YoY, Cloud, Applications & Infrastructure down 2.4% YoY, and Ex-L&S ECS down 2.5% YoY; License & Support (L&S) revenue was $66 million, down 12.4% YoY due to renewal timing.
Read all updates
Q1-2026 Updates
Positive
Negative
Reported Revenue and Ex-L&S Growth (Reported)
Total revenue of $438 million, up 1.3% year-over-year on a reported basis; Excluding license & support (Ex-L&S) revenue was $372 million, up 3.1% year-over-year (but down in constant currency).
Read all positive updates
Company Guidance
Unisys reaffirmed full‑year 2026 guidance calling for total company revenue to decline between 6.5% and 4.5% in constant currency (which, at April 30 FX rates, equates to a reported decline of about 3.5% to 1.5%), Ex‑L&S revenue to decline 7.0% to 4.5% in constant currency, and L&S revenue of $415 million. The company expects non‑GAAP operating profit margin of 9%–11%, targeted Ex‑L&S gross margin improvement of 100–200 basis points, and $10–$20 million of SG&A savings. Full‑year free cash flow is expected to be approximately negative $25 million (pre‑pension free cash flow of about $72 million), with assumptions of roughly $85 million of capex, $70 million of cash taxes, $70 million of net interest, $30 million of environmental/legal/restructuring spend, and $102 million of postretirement contributions (about $29 million in Q2); Unisys also expects about $69 million of remaining 2026 pension cash contributions. For Q2 the company expects ~ $450 million of revenue (including ~ $70 million of L&S), a non‑GAAP operating margin of ~5%, and roughly $30 million of items impacting GAAP net income (primarily pension expense).Unisys Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
18
Very Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.96B | 1.95B | 2.01B | 2.02B | 1.98B | 2.05B |
| Gross Profit | 554.90M | 549.30M | 585.90M | 551.30M | 529.60M | 572.00M |
| EBITDA | -115.20M | -123.60M | 63.00M | -178.20M | 153.30M | -252.90M |
| Net Income | -346.10M | -339.80M | -193.40M | -430.70M | -106.00M | -448.50M |
Balance Sheet | ||||||
| Total Assets | 1.73B | 1.85B | 1.87B | 1.97B | 2.07B | 2.42B |
| Cash, Cash Equivalents and Short-Term Investments | 380.20M | 413.90M | 376.50M | 387.70M | 391.80M | 552.90M |
| Total Debt | 765.30M | 788.30M | 537.10M | 548.90M | 568.80M | 610.90M |
| Total Liabilities | 2.02B | 2.11B | 2.14B | 2.10B | 2.04B | 2.48B |
| Stockholders Equity | -300.00M | -282.60M | -283.40M | -151.80M | -14.70M | -113.70M |
Cash Flow | ||||||
| Free Cash Flow | -222.00M | -217.60M | 55.30M | 6.90M | -64.60M | 86.70M |
| Operating Cash Flow | -177.70M | -140.00M | 135.10M | 74.20M | 12.70M | 132.50M |
| Investing Cash Flow | -32.70M | -31.80M | -97.40M | -69.60M | -131.40M | -360.30M |
| Financing Cash Flow | 184.00M | 186.00M | -18.10M | -17.30M | -21.60M | -105.50M |
Unisys Technical Analysis
Positive
2.58
Price Trends
3.32
Positive
2.78
Positive
3.00
Positive
Market Momentum
0.04
Positive
49.59
Neutral
29.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UIS, the sentiment is Positive. The current price of 2.58 is below the 20-day moving average (MA) of 3.92, below the 50-day MA of 3.32, and below the 200-day MA of 3.00, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 49.59 is Neutral, neither overbought nor oversold. The STOCH value of 29.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UIS.
Unisys Risk Analysis
Unisys disclosed 23 risk factors in its most recent earnings report. Unisys reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Unisys Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $4.66B | 12.64 | 27.22% | 1.69% | -2.90% | 24.61% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | $1.36B | -10.41 | -2.81% | ― | -3.25% | 78.91% | |
50 Neutral | $1.38B | -2.65 | -63.91% | ― | -35.67% | -49.96% | |
48 Neutral | $261.73M | -0.78 | 125.36% | ― | 0.15% | -359.97% | |
46 Neutral | $1.43B | 90.13 | 0.58% | ― | -1.76% | -96.67% |
* Technology Sector Average
UIS
Unisys
3.79
-0.80
-17.43%
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AI
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8.87
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-63.90%
Unisys Corporate Events
Business Operations and StrategyFinancial Disclosures
Unisys Showcases AI-First Strategy at 2026 Investor Day
Positive
Jun 2, 2026
Unisys plans to host a virtual Investor Day for institutional investors and financial analysts on June 2, 2026, where management will outline its evolved AI‑first strategy and provide an update on the company’s progress over the past t...
Executive/Board ChangesShareholder Meetings
Unisys Shareholders Back Board, Name New Independent Chair
Positive
May 4, 2026
Unisys Corporation reported the results of its April 30, 2026 annual meeting of stockholders, where approximately 88% of eligible shares were represented, and all 10 director nominees were elected to serve until the 2027 meeting. Shareholders also...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.