---
schema_version: "secwatch.filing_event.v1"
accession: "0000746838-23-000018"
form_type: "8-K"
ticker: "UIS"
cik: "0000746838"
company_name: "UNISYS CORP"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T04:12:00.785207+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Unisys Q1 revenue up 15.6% YoY; reiterates FY23 guidance despite pension charge

## Summary
- Revenue $516.4M, +15.6% YoY (+18.9% constant currency); Ex-L&S revenue +1.7% YoY (+4.6% constant currency).
- GAAP net loss $175.4M (diluted EPS -$2.58) includes $183.2M non-cash pension settlement charge; non-GAAP net income $34.7M ($0.51 EPS).
- Gross margin 30.8% vs 19.6% in 1Q22; non-GAAP operating margin 11.6% vs loss in prior year.
- Total company pipeline grew 6% YoY and 15% sequentially; Next-Gen pipeline up 16% YoY.
- FY23 guidance reiterated: constant currency revenue decline 3%-7%; Ex-L&S revenue range (1%) to +4%; non-GAAP operating margin 2%-4%.

## SEC filing metadata
- accession: 0000746838-23-000018
- form_type: 8-K
- ticker: UIS
- cik: 0000746838
- company_name: UNISYS CORP
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/746838/000074683823000018/0000746838-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/746838/000074683823000018/uis-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000746838-23-000018
- JSON: https://secwatch.observer/filing/0000746838-23-000018.json
- Plain text: https://secwatch.observer/filing/0000746838-23-000018.txt

## Key facts
- Earnings Releases
  UNISYS CORP reported the quarter ended March 31, 2023 results: revenue Revenue of $516.4M, net income GAAP net loss of $175.4M, EPS diluted loss per share of $2.58. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2023
  - Revenue: Revenue of $516.4M
  - Net income: GAAP net loss of $175.4M
  - EPS: diluted loss per share of $2.58
  - Guidance: reaffirmed
  - Result: reported results
  source text: of the GAAP to non-GAAP measures presented except for financial guidance since such a reconciliation is not practicable without unreasonable effort. • Revenue: ◦ Revenue of $516.4M vs. $446.7M in 1Q22, up 15.6% YoY, or up 18.9% in constant currency, primarily due to higher software license renewals within ECS • Gross Profit: ◦ Gross profit of $159.0M vs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/746838/000074683823000018/0000746838-23-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.