Key Highlights
- Nolan provided an optimistic financial forecast, estimating that Unisys will generate $253 million in EBITDA for 2025 and grow to $271 million in 2026.
- The initiation report highlights a strategic pivot as Unisys reinvents itself as a next-generation IT solutions provider.
- By shifting toward higher-value solutions and expanding into the midmarket, the company aims to improve revenue quality and margin expansion.
- Nolan noted that while the transition is ongoing, the company’s legacy in mission-critical infrastructure, combined with new capabilities in AI and advanced cloud services, positions it to capture market share.
- William Blair Initiates Unisys (UIS) with Outperform Rating Highlighting Compelling Risk-Reward and Rising EBITDA Projections In Q3 2025, Unisys reported a substantial net loss of $309 million, which included a $228 million one-time, non-cash pension expense.
