Unisys Corporation Q3 2026 Earnings Recap

Unisys shares rose 4.7% after the company reported Q3 revenue and non-GAAP profit above the expectations it had shared in July and raised its full-year revenue outlook for a second time. The positive reaction reflects improving performance and new-business momentum, though revenue remains down year over year in constant currency.

Key Takeaways

• Q3 revenue increased 2.5% year over year, or 0.6% in constant currency; TS&S revenue rose 2.6%, or 0.9% in constant currency.
• Full-year total-company revenue guidance was raised to a decline of 3%–1.5% in constant currency, from a prior outlook of down 5%–3.5%.
• Non-GAAP operating profit improved 180 basis points year over year. Management said efficiency initiatives keep the company on track for its full-year profit and free cash flow expectations.
• Total contract value signed was $594 million, up 43% year over year. New-business TCV rose 78% to $221 million; management said pricing pressure on same-scope renewals from AI-related efficiency remains a headwind.
• ClearPath remains on track for the higher $425 million annual revenue expectation. Management expects historical client-loss headwinds to begin lapping in the second half of next year.