Unisys Q2 2026: Revenue beat overshadowed by $47.2M goodwill charge
As seen on the 24/7 Wall St. homepage on July 29, 2026.
Unisys beat revenue by 5.85% on strong new business momentum, but a $47.2 million goodwill impairment in its Digital Workplace Solutions unit sent earnings to a 90% miss versus consensus. The IT services company's new business total contract value surged 57% year over year to $192 million, a rare bright spot amid persistent headwinds in legacy ClearPath licensing.
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Unisys reported Q2 2026 earnings per share of -$0.08, falling about 90% short of the consensus estimate of -$0.042. The culprit was a $47.2 million goodwill impairment charge tied to its Digital Workplace Solutions unit, which overwhelmed what was otherwise a solid operational quarter. Revenue came in at $473.5 million, clearing the $447.35 million estimate by nearly 6%.
The standout figure in the report was new business total contract value, which surged 57% year over year to $192 million, signaling that Unisys is winning fresh work even as its legacy ClearPath licensing business continues to weigh on results. That combination — strong bookings alongside a non-cash impairment drag — gives investors a split picture of a company in transition.
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Looking back at the last eight quarters, Unisys has produced a volatile earnings track record, swinging from a $0.86 reported EPS in Q4 2025 to losses in the quarters surrounding it. The pattern underscores how one-time charges and legacy headwinds can sharply distort any single quarter's bottom line, making new contract momentum a more useful signal of underlying business direction.
Mentioned: UIS