Unisys Corporation reported a net loss for the third quarter of 2025, which included a non-cash pension settlement loss of $227.7 million net of tax, related to a group annuity purchase contract transferring approximately $320 million of projected U.S. defined benefit pension liabilities to a third-party insurer. The company also recorded non-cash goodwill impairment charges of $55.0 million for the quarter. Unisys revised its full-year constant currency revenue guidance to a range of (3.6)% to (2.6)% growth, with License & Support (L&S) revenue expected to be approximately $430 million and Ex-L&S constant currency revenue growth forecasted between (4.8)% and (3.6)%. The company reiterated its full-year non-GAAP operating margin guidance of 8% to 9% and continues to expect more than $100 million of pre-pension and postretirement free cash flow. Unisys highlighted continued strong client retention and consumption in its L&S segment and noted momentum in newer AI solutions within its Ex-L&S segment. Liquidity remains strong, with an undrawn asset-backed revolver and no major debt maturity until 2031.