Unisys Q2 Loss Deepens to $95.3M on $47.2M Goodwill Impairment; Revenue Slips 2%

summarizeSummary

Unisys posted a Q2 2026 net loss of $95.3 million, weighed down by a $47.2 million goodwill impairment, while revenue slipped 2% to $473.5 million. The company also announced a freeze of its deferred compensation plan.

check_boxKey Events · Earnings and Guidance · UIS

• Goodwill Impairment Hits DWS

  Competitive pressures and reduced cash flow projections forced a $47.2 million goodwill impairment charge in the Digital Workplace Solutions (DWS) segment, fully writing off its goodwill.

• Q2 Net Loss Widens

  Driven by the impairment and higher interest expense, the net loss attributable to Unisys reached $95.3 million ($1.31 per share), compared with a $20.1 million loss in Q2 2025.

• Revenue Declines 2%

  Revenue came in at $473.5 million, down 2% year-over-year, as declines in Technology revenue and ClearPath license renewals were partially offset by growth in services.

• Cash Burn Continues

  Operating cash flow was negative $30.7 million for the first half of 2026, though that marks an improvement from negative $282.9 million a year ago, thanks to lower pension contributions.

auto_awesomeAnalysis · UIS · Technology

A sharp swing to an operating loss in Q2 2026 underscores mounting headwinds for Unisys, as a $47.2 million goodwill impairment in its Digital Workplace Solutions segment reflects competitive pressures and diminished cash flow expectations. Revenue contracted 2% year-over-year, and the company consumed $30.7 million in cash from operations during the first half. While liquidity remains adequate, the impairment and persistent losses cast doubt on the turnaround effort. In a cost-cutting move, the deferred compensation plan will be frozen.