Unisys (UIS)
Market Price (7/9/2026): $3.565 | Market Cap: $256.0 MilSector: Information Technology | Industry: IT Consulting & Other Services
Unisys (UIS)
Market Price (7/9/2026): $3.565Market Cap: $256.0 MilSector: Information TechnologyIndustry: IT Consulting & Other Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Cybersecurity, Cloud Computing, and Automation & Robotics. Themes include Cloud Security, Show more. | Weak multi-year price returns2Y Excs Rtn is -51%, 3Y Excs Rtn is -79% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 151% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.5% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -9.1%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -13% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -140% Key risksUIS key risks include [1] a substantial reliance on government and public sector contracts and [2] execution risk in its turnaround strategy to achieve sustainable profitability after a history of operating losses. |
| Megatrend and thematic driversMegatrends include Cybersecurity, Cloud Computing, and Automation & Robotics. Themes include Cloud Security, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -51%, 3Y Excs Rtn is -79% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 151% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.5% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -9.1%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -13% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -140% |
| Key risksUIS key risks include [1] a substantial reliance on government and public sector contracts and [2] execution risk in its turnaround strategy to achieve sustainable profitability after a history of operating losses. |
Qualitative Assessment
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Updated on 7/8/2026
Unisys (UIS) stock has gained about 70% since 3/31/2026 because of the following key factors:
1. Stronger-than-anticipated Q1 2026 financial results surpassed analyst expectations. Unisys reported Q1 2026 earnings per share (EPS) of -$0.14 on May 5, 2026, significantly beating the consensus estimate of -$0.26 by $0.12. Additionally, quarterly revenue reached $437.60 million, exceeding analyst forecasts of $415.64 million. This earnings beat, coupled with management's highlighting of AI integration and operational efficiency as growth drivers, contributed to investor optimism.
2. Strategic advancements in AI, cloud, and data center solutions through key partnerships and industry recognition. Unisys expanded its market position with several strategic moves, including a partnership with Antenna to integrate data-driven insights for AI-assisted software development in June 2026. The company also earned the Dell Technologies 2026 Global Alliances Americas Data Center Partner of the Year award in June 2026, recognizing its expertise in modern infrastructure, cloud, and AI solutions. These developments underscore Unisys's commitment to high-growth technology areas.
Show more
Unisys (UIS) stock has gained about 70% since 3/31/2026 because of the following key factors:
1. Stronger-than-anticipated Q1 2026 financial results surpassed analyst expectations. Unisys reported Q1 2026 earnings per share (EPS) of -$0.14 on May 5, 2026, significantly beating the consensus estimate of -$0.26 by $0.12. Additionally, quarterly revenue reached $437.60 million, exceeding analyst forecasts of $415.64 million. This earnings beat, coupled with management's highlighting of AI integration and operational efficiency as growth drivers, contributed to investor optimism.
2. Strategic advancements in AI, cloud, and data center solutions through key partnerships and industry recognition. Unisys expanded its market position with several strategic moves, including a partnership with Antenna to integrate data-driven insights for AI-assisted software development in June 2026. The company also earned the Dell Technologies 2026 Global Alliances Americas Data Center Partner of the Year award in June 2026, recognizing its expertise in modern infrastructure, cloud, and AI solutions. These developments underscore Unisys's commitment to high-growth technology areas.
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Updated on 7/8/2026
Unisys (UIS) stock has gained about 70% since 3/31/2026 because of the following key factors:
1. Stronger-than-anticipated Q1 2026 financial results surpassed analyst expectations. Unisys reported Q1 2026 earnings per share (EPS) of -$0.14 on May 5, 2026, significantly beating the consensus estimate of -$0.26 by $0.12. Additionally, quarterly revenue reached $437.60 million, exceeding analyst forecasts of $415.64 million. This earnings beat, coupled with management's highlighting of AI integration and operational efficiency as growth drivers, contributed to investor optimism.
2. Strategic advancements in AI, cloud, and data center solutions through key partnerships and industry recognition. Unisys expanded its market position with several strategic moves, including a partnership with Antenna to integrate data-driven insights for AI-assisted software development in June 2026. The company also earned the Dell Technologies 2026 Global Alliances Americas Data Center Partner of the Year award in June 2026, recognizing its expertise in modern infrastructure, cloud, and AI solutions. These developments underscore Unisys's commitment to high-growth technology areas.
3. Positive sentiment and increased price targets from financial analysts. Multiple Wall Street analysts reiterated "Buy" ratings for Unisys during Q2 2026. The average 12-month price targets ranged from $5.50 to $6.50, with some individual forecasts reaching as high as $7.00 to $9.00. This reflects a growing analyst confidence in Unisys's strategic direction and anticipated future performance.
4. Clarification of strategic direction and financial objectives during the 2026 Investor Day. Unisys hosted a virtual Investor Day on June 2, 2026, where the executive leadership team outlined the company's strategic direction, financial objectives, and future growth opportunities. This event likely provided investors with a clearer understanding of the company's plans, contributing to a more positive outlook.
Show less
Unisys (UIS) stock has gained about 70% since 3/31/2026 because of the following key factors:
1. Stronger-than-anticipated Q1 2026 financial results surpassed analyst expectations. Unisys reported Q1 2026 earnings per share (EPS) of -$0.14 on May 5, 2026, significantly beating the consensus estimate of -$0.26 by $0.12. Additionally, quarterly revenue reached $437.60 million, exceeding analyst forecasts of $415.64 million. This earnings beat, coupled with management's highlighting of AI integration and operational efficiency as growth drivers, contributed to investor optimism.
2. Strategic advancements in AI, cloud, and data center solutions through key partnerships and industry recognition. Unisys expanded its market position with several strategic moves, including a partnership with Antenna to integrate data-driven insights for AI-assisted software development in June 2026. The company also earned the Dell Technologies 2026 Global Alliances Americas Data Center Partner of the Year award in June 2026, recognizing its expertise in modern infrastructure, cloud, and AI solutions. These developments underscore Unisys's commitment to high-growth technology areas.
3. Positive sentiment and increased price targets from financial analysts. Multiple Wall Street analysts reiterated "Buy" ratings for Unisys during Q2 2026. The average 12-month price targets ranged from $5.50 to $6.50, with some individual forecasts reaching as high as $7.00 to $9.00. This reflects a growing analyst confidence in Unisys's strategic direction and anticipated future performance.
4. Clarification of strategic direction and financial objectives during the 2026 Investor Day. Unisys hosted a virtual Investor Day on June 2, 2026, where the executive leadership team outlined the company's strategic direction, financial objectives, and future growth opportunities. This event likely provided investors with a clearer understanding of the company's plans, contributing to a more positive outlook.
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Stock Movement Drivers
Fundamental Drivers
The 72.0% change in UIS stock from 3/31/2026 to 7/8/2026 was primarily driven by a 72.7% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 7082026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.07 | 3.56 | 72.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,950 | 1,956 | 0.3% |
| P/S Multiple | 0.1 | 0.1 | 72.7% |
| Shares Outstanding (Mil) | 71 | 72 | -0.7% |
| Cumulative Contribution | 72.0% |
Market Drivers
3/31/2026 to 7/8/2026| Return | Correlation | |
|---|---|---|
| UIS | 72.0% | |
| Market (SPY) | 14.6% | 32.0% |
| Sector (XLK) | 36.5% | 25.5% |
Fundamental Drivers
The 29.0% change in UIS stock from 12/31/2025 to 7/8/2026 was primarily driven by a 27.6% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 7082026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.76 | 3.56 | 29.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,921 | 1,956 | 1.8% |
| P/S Multiple | 0.1 | 0.1 | 27.6% |
| Shares Outstanding (Mil) | 71 | 72 | -0.7% |
| Cumulative Contribution | 29.0% |
Market Drivers
12/31/2025 to 7/8/2026| Return | Correlation | |
|---|---|---|
| UIS | 29.0% | |
| Market (SPY) | 9.6% | 38.8% |
| Sector (XLK) | 26.2% | 33.4% |
Fundamental Drivers
The -21.4% change in UIS stock from 6/30/2025 to 7/8/2026 was primarily driven by a -19.6% change in the company's P/S Multiple.| (LTM values as of) | 6302025 | 7082026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.53 | 3.56 | -21.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,953 | 1,956 | 0.1% |
| P/S Multiple | 0.2 | 0.1 | -19.6% |
| Shares Outstanding (Mil) | 70 | 72 | -2.4% |
| Cumulative Contribution | -21.4% |
Market Drivers
6/30/2025 to 7/8/2026| Return | Correlation | |
|---|---|---|
| UIS | -21.4% | |
| Market (SPY) | 21.7% | 43.0% |
| Sector (XLK) | 43.8% | 35.0% |
Fundamental Drivers
The -10.6% change in UIS stock from 6/30/2023 to 7/8/2026 was primarily driven by a -5.4% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 6302023 | 7082026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.98 | 3.56 | -10.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,050 | 1,956 | -4.6% |
| P/S Multiple | 0.1 | 0.1 | -0.9% |
| Shares Outstanding (Mil) | 68 | 72 | -5.4% |
| Cumulative Contribution | -10.6% |
Market Drivers
6/30/2023 to 7/8/2026| Return | Correlation | |
|---|---|---|
| UIS | -10.6% | |
| Market (SPY) | 74.1% | 38.0% |
| Sector (XLK) | 112.6% | 33.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| UIS Return | 5% | -75% | 10% | 13% | -56% | 32% | -82% |
| Peers Return | 6% | -1% | 12% | 1% | -8% | 92220% | 100870% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| UIS Win Rate | 67% | 50% | 50% | 58% | 33% | 29% | |
| Peers Win Rate | 33% | 17% | 33% | 25% | 25% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 57% | |
Max Drawdowns [4] | |||||||
| UIS Max Drawdown | -36% | -82% | -55% | -57% | -67% | -41% | |
| Peers Max Drawdown | -5% | -8% | -6% | -9% | -15% | -36% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GIB, CHRN, EFOR, KEEL, QXL. See UIS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/8/2026 (YTD)
How Low Can It Go
| Event | UIS | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -17.8% | -7.8% |
| % Gain to Breakeven | 21.7% | 8.5% |
| Time to Breakeven | 6 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -53.7% | -9.5% |
| % Gain to Breakeven | 116.0% | 10.5% |
| Time to Breakeven | 55 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -44.8% | -6.7% |
| % Gain to Breakeven | 81.2% | 7.1% |
| Time to Breakeven | 84 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -52.0% | -33.7% |
| % Gain to Breakeven | 108.3% | 50.9% |
| Time to Breakeven | 278 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -46.8% | -19.2% |
| % Gain to Breakeven | 88.1% | 23.8% |
| Time to Breakeven | 747 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -47.7% | -12.2% |
| % Gain to Breakeven | 91.2% | 13.9% |
| Time to Breakeven | 248 days | 62 days |
In The Past
Unisys's stock fell -17.8% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 21.7% gain to breakeven.
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Asset Allocation
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| Event | UIS | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -53.7% | -9.5% |
| % Gain to Breakeven | 116.0% | 10.5% |
| Time to Breakeven | 55 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -44.8% | -6.7% |
| % Gain to Breakeven | 81.2% | 7.1% |
| Time to Breakeven | 84 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -52.0% | -33.7% |
| % Gain to Breakeven | 108.3% | 50.9% |
| Time to Breakeven | 278 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -46.8% | -19.2% |
| % Gain to Breakeven | 88.1% | 23.8% |
| Time to Breakeven | 747 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -47.7% | -12.2% |
| % Gain to Breakeven | 91.2% | 13.9% |
| Time to Breakeven | 248 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -63.3% | -6.8% |
| % Gain to Breakeven | 172.8% | 7.3% |
| Time to Breakeven | 1822 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -45.6% | -17.9% |
| % Gain to Breakeven | 83.8% | 21.8% |
| Time to Breakeven | 22 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -55.7% | -15.4% |
| % Gain to Breakeven | 126.0% | 18.2% |
| Time to Breakeven | 217 days | 125 days |
In The Past
Unisys's stock fell -17.8% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 21.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Unisys (UIS)
Unisys Corporation (UIS) is a global information technology services company that helps organizations modernize their IT environments and enhance operations. The company operates through three main segments: Digital Workplace Solutions (DWS), which focuses on transforming digital workplaces and improving user experiences; Cloud and Infrastructure Solutions (C&I), which provides services for modern IT platforms, cloud application development, and cybersecurity; and Enterprise Computing Solutions (ECS), specializing in secure, high-intensity computing and software-defined operating environments.
Unisys offers a suite of distinct solutions and platforms to address diverse client needs. Key offerings include Unisys InteliServe, an intelligent service desk solution for the digital workplace; Unisys CloudForte, a managed service to accelerate secure cloud migration; PowerSuite, a tool for monitoring and securing collaboration environments; Unisys ClearPath Forward, a robust software operating environment for high-intensity enterprise computing; and Unisys Stealth, advanced security software enabling micro-segmentation and secure communication. They also provide industry-specific solutions for areas such as law enforcement, social services, travel and transportation, and financial institutions.
The company primarily serves a broad customer base across three significant markets: government, financial services, and commercial enterprises. Unisys reaches these customers through a combination of its direct sales force, distributors, resellers, and strategic alliance partners, delivering comprehensive IT services and solutions worldwide.
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Here are a few analogies to describe Unisys (UIS):
- Like a smaller, more specialized IBM, offering enterprise IT services, cloud solutions, and a unique platform for high-intensity computing.
- An IT services and consulting firm, similar to Accenture or Capgemini, but also developing its own secure, high-performance enterprise computing platforms.
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- Unisys InteliServe: An intelligent service solution designed to transform traditional service desks into user-centric experiences.
- Unisys CloudForte: A comprehensive managed service offering that accelerates the secure migration of data and applications to the cloud.
- PowerSuite: A packaged software tool for enterprise IT to monitor, analyze, troubleshoot, and secure multi-platform collaboration and communication environments.
- Unisys ClearPath Forward: A software operating environment enabling secure, continuous high-intensity enterprise computing.
- Unisys Stealth security software: Security software that enables trusted identities to access micro-segmented critical assets and safely communicate.
- Digital Workplace Solutions (DWS): Services focused on transforming digital workplaces securely to create exceptional end-user experiences.
- Cloud and Infrastructure Solutions (C&I): Services encompassing modern IT service platforms, cloud application development, intelligent services, and cybersecurity.
- Enterprise Computing Solutions (ECS): Services that harness secure, continuous high-intensity computing and enable digital services through software-defined operating environments.
- Industry Solutions (Government): Specialized services assisting law enforcement agencies in solving crime and social services case workers with families.
- Industry Solutions (Financial Services): Specialized services helping financial institutions deliver omnichannel banking.
- Industry Solutions (Commercial - Travel and Transportation): Specialized services assisting travel and transportation companies in managing freight and distribution.
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Unisys (UIS) sells its information technology services and solutions primarily to other companies and organizations.
Based on the provided information, Unisys serves customers in the following major categories:
- Government: This includes law enforcement agencies and social services.
- Financial Services: This category encompasses various financial institutions.
- Commercial Markets: This broad category includes entities such as travel and transportation companies, and general enterprise IT customers.
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- Amazon.com, Inc. (AMZN)
- Microsoft Corporation (MSFT)
- Alphabet Inc. (GOOGL)
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Mike Thomson, Chief Executive Officer
Mike Thomson assumed the role of Chief Executive Officer at Unisys on April 1, 2025, succeeding Peter Altabef. He joined Unisys in 2015 as Corporate Controller and Principal Accounting Officer. Thomson was later promoted to Chief Financial Officer in 2019 and then to President and Chief Operating Officer in 2021. With over 25 years of experience, he has held progressively senior roles across various industries.
Debra McCann, Executive Vice President and Chief Financial Officer
Debra McCann was appointed Executive Vice President and Chief Financial Officer of Unisys on May 2, 2022. Before joining Unisys, she served as Treasurer and Senior Vice President of Investor Relations and Corporate Financial Planning & Analysis at Dun & Bradstreet. Her career also includes various senior finance leadership positions at AT&T, such as Director of Financial Planning & Analysis. McCann holds an MBA from Harvard Business School and a Master of Science in Finance and International Business from Penn State University.
Peter Altabef, Chairman of the Board
Peter Altabef has served as Chairman of the Board of Unisys since April 2018. He previously held the position of CEO of Unisys from January 2015 to March 2025. Prior to his tenure at Unisys, Altabef was president and CEO of MICROS Systems, Inc., which was acquired by Oracle. He also served as president of Dell Services and as president and CEO of Perot Systems Corporation, which was acquired by Dell.
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Unisys (UIS) faces several key risks to its business operations and financial performance:
Intense Competition and Market Positioning
Unisys operates in a highly competitive information technology (IT) services market, which is dominated by large global firms and specialized digital native companies. The company struggles to compete with the extensive resources, brand recognition, and comprehensive service portfolios of major players like Accenture or Capgemini, which secure large, transformative deals. At the same time, Unisys finds it challenging to match the agility, specialized expertise, and rapid growth of digital engineering firms excelling in high-demand areas such as cloud-native development and artificial intelligence. This positioning dilemma limits Unisys's ability to capture new market share and grow its business aggressively.Financial Performance and Legacy Obligations
Unisys has experienced financial difficulties in recent years, reflected in a negative return on equity and a negative net margin. The company carries a significant debt burden, which constrains its capacity to invest in critical areas like research, development, and talent acquisition, hindering its ability to remain competitive in the fast-evolving tech landscape. Furthermore, Unisys has ongoing "pension cash needs" and a substantial "global pension deficit" that requires managing. These financial pressures and legacy obligations impact its profitability and operational efficiency.Dependence on Legacy Infrastructure and Revenue Decline
A significant portion of Unisys's revenue is still tied to legacy infrastructure services. The company faces challenges in stabilizing and growing its business outside of its License and Support (L&S) segment, which includes its traditional ClearPath Forward platform. Forecasts for 2026 indicate a projected decline in total company revenue. Declining renewal rates for its high-margin License and Support business also pose a risk, impacting a crucial revenue stream. This reliance on legacy offerings and a struggle to grow newer segments contribute to overall revenue pressure.AI Analysis | Feedback
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Unisys Corporation operates within several significant addressable markets for its core products and services globally.
Digital Workplace Solutions (DWS)
The global digital workplace market, which encompasses solutions transforming digital workplaces and enhancing end-user experiences, was projected to reach US$ 48.7 billion in 2024 and is forecast to climb to US$ 341.5 billion by the end of 2034, growing at a CAGR of 21.5% from 2024 to 2034.
Cloud and Infrastructure Solutions (C&I)
For its cloud and infrastructure offerings, Unisys addresses two key markets:
- Cloud Managed Services: The global cloud managed services market size was valued at USD 155.73 billion in 2025 and is projected to reach approximately USD 482.93 billion by 2034, expanding at a CAGR of 13.4% from 2025 to 2034.
- Cloud Infrastructure Services: The global cloud infrastructure market revenue was estimated at US$ 320.12 billion in 2024 and is projected to increase at a CAGR of 5.6% to reach US$ 553.23 billion by the end of 2034.
Enterprise Computing Solutions (ECS)
Unisys' Enterprise Computing Solutions cater to:
- Mainframe Market: The global mainframe market size was valued at USD 5.71 billion in 2025 and is projected to grow to USD 10.53 billion by 2034, exhibiting a CAGR of 7.05% during the forecast period.
- Enterprise Software Market: The global enterprise software market size was estimated at USD 251.02 billion in 2024 and is projected to reach approximately USD 761.73 billion by 2034, expanding at a CAGR of 11.74% from 2025 to 2034.
Unisys Stealth Security Software
Unisys Stealth, a micro-segmentation security software, operates within the broader cybersecurity and microsegmentation markets:
- Microsegmentation Solutions Market: The microsegmentation solution market size was valued at over USD 41.47 billion in 2025 and is projected to reach USD 197.64 billion by 2035, growing at a CAGR of approximately 16.9% during the forecast period (2026-2035).
- Cybersecurity Services Market: The global cybersecurity services market size was accounted at USD 177.27 billion in 2025 and is predicted to increase to approximately USD 310.35 billion by 2034, expanding at a CAGR of 6.42% from 2025 to 2034.
PowerSuite (Collaboration and Communications)
PowerSuite, a tool for monitoring collaboration and communications multi-platform environments, addresses the team collaboration software market:
- Team Collaboration Software Market: The global team collaboration software market size was USD 27.89 billion in 2025. It is projected to grow from USD 31.62 billion in 2026 to USD 68.20 billion by 2034, exhibiting a CAGR of 10.1% during the 2026-2034 period.
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Unisys (UIS) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:
* Growth in Ex-License and Support (Ex-L&S) Solutions: Unisys is focused on expanding its "next-gen" solutions, which include Digital Workplace Solutions (DWS) and Cloud and Infrastructure (C&I). These areas have shown growth, with Ex-L&S revenue increasing by 4.9% in 2023. The company expects Ex-L&S solutions to grow approximately 1.5% to 5% in constant currency for the full year 2024, despite an anticipated overall revenue decline for 2026.
* New Business Signings and Client Expansion: A significant driver is Unisys's ability to secure new business and expand existing client relationships. The company reported renewing 96% of contracts over $1 million in total contract value (TCV) in 2023 and grew new business TCV by 18% from the prior year. Unisys's "Land & Expand" strategy aims to increase new client wins, cross-sell solutions, and extend its geographical reach with current clients.
* Expansion of AI-Driven Solutions and Digital Transformation: Unisys views artificial intelligence (AI) as a powerful long-term demand driver. The company is developing and rolling out AI-embedded solutions, such as the Service Experience Accelerator (SEA) and Agentic AI framework, to a broader client base, which is anticipated to support long-term growth and operational optimization. Unisys also benefits from increasing demand for digital transformation and cybersecurity services.
* Continued Strength in License and Support (L&S) Revenue: While the focus is on newer solutions, the high-margin License and Support (L&S) business remains a crucial revenue contributor. L&S revenue often exceeds expectations, with Unisys projecting approximately $375 million for 2024 and averaging $400 million per year for 2027 and 2028.
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Here's a summary of Unisys's (UIS) capital allocation decisions over the last 3-5 years:
Share Issuance
- Unisys had approximately 71.31 million shares outstanding recently.
- The number of shares outstanding increased by 2.59% over one year.
- Unisys plans to add 3,900,000 shares to its 2024 Long-Term Incentive and Equity Compensation Plan, to meet equity needs through at least 2027.
Outbound Investments
- Unisys acquired Mobinergy on November 19, 2021.
- The company also acquired Unify Square on June 3, 2021.
Capital Expenditures
- Capital expenditures in the fourth quarter of 2025 totaled $7.6 million, marking a 35.7% increase from the prior quarter.
- For the full year 2025, annual capital expenditures remained at $78 million, with a primary focus on License & Support (L&S) software investments, reflecting a capital-light strategy.
- In the fourth quarter of 2024, capital expenditures were $5.0 million.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 11.38 |
| Mkt Cap | 7.1 |
| Rev LTM | 1,956 |
| Op Inc LTM | 93 |
| FCF LTM | -3 |
| FCF 3Y Avg | -0 |
| CFO LTM | -3 |
| CFO 3Y Avg | 17 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.9% |
| Rev Chg 3Y Avg | -1.5% |
| Rev Chg Q | 0.0% |
| QoQ Delta Rev Chg LTM | 0.0% |
| Op Inc Chg LTM | -24.5% |
| Op Inc Chg 3Y Avg | -18.5% |
| Op Mgn LTM | 5.0% |
| Op Mgn 3Y Avg | 5.7% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | -0.4% |
| CFO/Rev 3Y Avg | 5.0% |
| FCF/Rev LTM | -2.9% |
| FCF/Rev 3Y Avg | 2.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.1 |
| P/S | 0.5 |
| P/Op Inc | 4.0 |
| P/EBIT | 2.3 |
| P/E | 3.8 |
| P/CFO | 2.1 |
| Total Yield | -61.7% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -20.2% |
| D/E | 1.7 |
| Net D/E | 0.9 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -7.6% |
| 3M Rtn | 66.4% |
| 6M Rtn | 42.2% |
| 12M Rtn | 27.2% |
| 3Y Rtn | 27.9% |
| 1M Excs Rtn | -9.5% |
| 3M Excs Rtn | 54.1% |
| 6M Excs Rtn | 35.3% |
| 12M Excs Rtn | 7.1% |
| 3Y Excs Rtn | -40.9% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Cloud, Applications & Infrastructure Solutions (CA&I) | 733 | 764 | 531 | 520 | 486 |
| Enterprise Computing Solutions (ECS) | 629 | 628 | 648 | 670 | 686 |
| Digital Workplace Solutions (DWS) | 508 | 524 | 546 | 510 | 574 |
| Other revenue | 80 | 93 | 290 | 280 | 309 |
| Elimination of intercompany revenue | 0 | ||||
| Total | 1,950 | 2,008 | 2,015 | 1,980 | 2,054 |
| $ Mil | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Technology | 143 | 159 | 238 | 171 | 162 |
| Services | 12 | 21 | 68 | 65 | 47 |
| Corporate | -68 | -42 | -21 | -231 | -161 |
| Total | 87 | 138 | 284 | 5 | 48 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Enterprise Computing Solutions (ECS) | 534 | 568 | 576 | 594 | 581 |
| Cash and cash equivalents | 376 | 388 | 392 | 553 | 898 |
| Digital Workplace Solutions (DWS) | 323 | 379 | 346 | 354 | 221 |
| Cloud, Applications & Infrastructure Solutions (CA&I) | 224 | 250 | 268 | 290 | 204 |
| Other corporate assets | 140 | 112 | 106 | 75 | 104 |
| Other assets | 114 | 82 | 97 | 207 | 297 |
| Deferred income taxes | 97 | 114 | 119 | 125 | 136 |
| Operating lease right-of-use assets | 38 | 35 | 42 | 63 | 79 |
| Prepaid postretirement assets | 26 | 38 | 120 | 160 | 188 |
| Total | 1,872 | 1,965 | 2,066 | 2,420 | 2,708 |
Price Behavior
Price Behavior
| Market Price | $3.56 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 06/01/1972 | |
| Distance from 52W High | -25.5% | |
| 50 Days | 200 Days | |
| DMA Price | $3.49 | $3.00 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 2.0% | 18.7% |
| 3M | 1YR | |
| Volatility | 83.5% | 61.8% |
| Downside Capture | 89.56 | 236.18 |
| Upside Capture | 272.81 | 158.33 |
| Correlation (SPY) | 32.9% | 43.1% |
UIS Betas & Captures as of 6/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.21 | 2.11 | 1.81 | 2.04 | 2.15 | 1.74 |
| Up Beta | 1.79 | 2.19 | 1.40 | 1.75 | 2.13 | 1.39 |
| Down Beta | 0.94 | 3.37 | 2.67 | 2.40 | 2.64 | 1.60 |
| Up Capture | -15% | 300% | 305% | 278% | 211% | 902% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 7 | 20 | 32 | 53 | 106 | 339 |
| Down Capture | 210% | 71% | 105% | 162% | 165% | 112% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 14 | 21 | 28 | 65 | 133 | 390 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with UIS | |
|---|---|---|---|---|
| UIS | -18.4% | 61.7% | -0.10 | - |
| Sector ETF (XLK) | 43.1% | 24.2% | 1.42 | 35.4% |
| Equity (SPY) | 21.2% | 12.5% | 1.26 | 43.3% |
| Gold (GLD) | 21.9% | 27.8% | 0.70 | 8.5% |
| Commodities (DBC) | 25.0% | 18.7% | 1.06 | -12.2% |
| Real Estate (VNQ) | 12.7% | 13.9% | 0.62 | 24.3% |
| Bitcoin (BTCUSD) | -41.4% | 42.8% | -1.13 | 30.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with UIS | |
|---|---|---|---|---|
| UIS | -32.4% | 68.8% | -0.26 | - |
| Sector ETF (XLK) | 20.6% | 25.5% | 0.72 | 33.4% |
| Equity (SPY) | 13.2% | 17.1% | 0.60 | 37.3% |
| Gold (GLD) | 17.8% | 18.3% | 0.79 | 5.2% |
| Commodities (DBC) | 7.8% | 19.5% | 0.30 | 7.9% |
| Real Estate (VNQ) | 2.8% | 18.9% | 0.05 | 29.6% |
| Bitcoin (BTCUSD) | 12.1% | 53.5% | 0.41 | 20.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with UIS | |
|---|---|---|---|---|
| UIS | -6.2% | 62.4% | 0.17 | - |
| Sector ETF (XLK) | 25.5% | 24.7% | 0.93 | 36.1% |
| Equity (SPY) | 15.9% | 17.9% | 0.76 | 39.8% |
| Gold (GLD) | 11.5% | 16.1% | 0.58 | 2.5% |
| Commodities (DBC) | 6.4% | 18.0% | 0.28 | 11.5% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | 30.3% |
| Bitcoin (BTCUSD) | 58.0% | 66.2% | 0.98 | 15.5% |
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Returns Analyses
Earnings Returns History
Updated 6/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | 15.1% | 14.1% | 52.1% |
| 2/24/2026 | 15.5% | 9.4% | 0.0% |
| 11/5/2025 | -20.2% | -17.2% | -17.5% |
| 7/30/2025 | 1.7% | -3.0% | -3.4% |
| 4/30/2025 | 2.0% | 19.4% | 20.2% |
| 2/18/2025 | -11.2% | -35.7% | -36.3% |
| 10/29/2024 | 33.8% | 38.1% | 50.9% |
| 8/5/2024 | -7.8% | -9.7% | 29.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 10 | 12 |
| # Negative | 12 | 14 | 12 |
| Median Positive | 7.1% | 12.2% | 17.5% |
| Median Negative | -10.5% | -17.8% | -31.0% |
| Max Positive | 33.8% | 46.0% | 82.4% |
| Max Negative | -48.3% | -47.8% | -54.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | 15.1% | 14.1% | 52.1% |
| 2/24/2026 | 15.5% | 9.4% | 0.0% |
| 11/5/2025 | -20.2% | -17.2% | -17.5% |
| 7/30/2025 | 1.7% | -3.0% | -3.4% |
| 4/30/2025 | 2.0% | 19.4% | 20.2% |
| 2/18/2025 | -11.2% | -35.7% | -36.3% |
| 10/29/2024 | 33.8% | 38.1% | 50.9% |
| 8/5/2024 | -7.8% | -9.7% | 29.9% |
| 5/7/2024 | -7.8% | -6.0% | -20.7% |
| 2/21/2024 | -33.7% | -27.8% | -34.9% |
| 11/6/2023 | 20.4% | 46.0% | 82.4% |
| 8/1/2023 | -1.5% | -21.3% | -22.5% |
| 5/2/2023 | 25.7% | 15.7% | 13.6% |
| 2/22/2023 | 6.3% | -11.0% | -37.3% |
| 11/7/2022 | -48.3% | -47.8% | -54.6% |
| 8/3/2022 | -9.7% | -23.6% | -33.5% |
| 4/27/2022 | -13.3% | -20.2% | -32.1% |
| 2/22/2022 | 7.8% | 6.1% | 9.8% |
| 11/2/2021 | -18.8% | -18.4% | -29.9% |
| 8/2/2021 | 3.0% | 9.6% | 8.5% |
| 5/6/2021 | -1.5% | -0.2% | 14.9% |
| 2/22/2021 | -9.7% | -5.5% | -4.9% |
| 10/26/2020 | 4.7% | 10.2% | 21.6% |
| 8/4/2020 | 2.4% | 3.2% | 0.7% |
| SUMMARY STATS | |||
| # Positive | 12 | 10 | 12 |
| # Negative | 12 | 14 | 12 |
| Median Positive | 7.1% | 12.2% | 17.5% |
| Median Negative | -10.5% | -17.8% | -31.0% |
| Max Positive | 33.8% | 46.0% | 82.4% |
| Max Negative | -48.3% | -47.8% | -54.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/26/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/23/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/26/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/23/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 04/27/2022 | 10-Q |
| 12/31/2021 | 02/22/2022 | 10-K |
| 09/30/2021 | 11/02/2021 | 10-Q |
| 06/30/2021 | 08/02/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 10/27/2020 | 10-Q |
| 06/30/2020 | 08/04/2020 | 10-Q |
| 03/31/2020 | 04/28/2020 | 10-Q |
| 12/31/2019 | 02/28/2020 | 10-K |
| 09/30/2019 | 10/30/2019 | 10-Q |
| 06/30/2019 | 07/30/2019 | 10-Q |
Recent Forward Guidance
Updated 7/8/2026Latest: Q1 2026 Earnings Reported 5/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue growth in constant currency | -6.5% | -5.5% | -4.5% | 0.0% | Affirmed | Guidance: -5.5% for 2026 | |
| 2026 Non-GAAP operating profit margin | 9.0% | 10.0% | 11.0% | 0.0% | Affirmed | Guidance: 10.0% for 2026 | |
| 2026 Reported revenue growth | -3.5% | -2.5% | -1.5% | ||||
| 2026 L&S revenue | 415.00 Mil | 0.0% | Affirmed | Guidance: 415.00 Mil for 2026 | |||
| 2026 Ex-L&S constant currency revenue growth | -7.0% | -5.75% | -4.5% | 0.0% | Affirmed | Guidance: -5.75% for 2026 | |
Prior: Q4 2025 Earnings Reported 2/24/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue Growth in constant currency | -6.5% | -5.5% | -4.5% | -2.0% | Lower New | Guidance: -3.5% for 2025 | |
| 2026 Non-GAAP operating profit margin | 9.0% | 10.0% | 11.0% | 1.5% | Higher New | Guidance: 8.5% for 2025 | |
| 2026 L&S revenue | 415.00 Mil | -3.5% | Lower New | Guidance: 430.00 Mil for 2025 | |||
| 2026 Ex-L&S constant currency revenue growth | -7.0% | -5.75% | -4.5% | -1.6% | Lower New | Guidance: -4.2% for 2025 | |
Q3 2025 Earnings Reported 11/5/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue Growth in Constant Currency | -4.0% | -3.5% | -3.0% | -3.5% | Lowered | Guidance: 0.0% for 2025 | |
| 2025 Non-GAAP operating profit margin | 8.0% | 8.5% | 9.0% | 0.0% | Affirmed | Guidance: 8.5% for 2025 | |
| 2025 Pre-pension and postretirement free cash flow | 100.00 Mil | ||||||
| 2025 L&S revenue | 430.00 Mil | 0.0% | Affirmed | Guidance: 430.00 Mil for 2025 | |||
| 2025 Ex-L&S constant currency revenue growth | -4.8% | -4.2% | -3.6% | ||||
Insider Activity
Updated 6/4/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Richardson, Troy | Direct | Sell | 6042026 | 4.40 | 110,000 | 484,374 | 468,746 | Form | |
| 2 | Germond, Philippe | Direct | Sell | 5192026 | 3.02 | 16,080 | 48,618 | 775,386 | Form | |
| 3 | Brown, David Lawrence | VP, CAO, Corporate Controller | Direct | Sell | 5122026 | 3.16 | 7,766 | 24,541 | 360,591 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Richardson, Troy | Direct | Sell | 6042026 | 4.40 | 110,000 | 484,374 | 468,746 | Form | |
| 2 | Germond, Philippe | Direct | Sell | 5192026 | 3.02 | 16,080 | 48,618 | 775,386 | Form | |
| 3 | Brown, David Lawrence | VP, CAO, Corporate Controller | Direct | Sell | 5122026 | 3.16 | 7,766 | 24,541 | 360,591 | Form |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| IT Consulting & Other Services Resources |
| IDC |
| Forrester |
| Consultancy.org |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 7/8/2026