
LUMN's Q2 loss came in narrower than expected as strategic revenues have risen 14.1% and free cash flow has turned positive despite a 9.3% revenue decline.
Lumen Technologies (formerly CenturyLink) is an American telecommunications company headquartered in Monroe, Louisiana, that offers communications, network services, security, cloud solutions, voice, and managed services.
| Revenue (TTM) | $11.83B |
| Gross Profit (TTM) | $5.66B |
| EBITDA | $2.23B |
| Operating Margin | -2.89% |
| Return on Equity | -78.90% |
| Return on Assets | -0.87% |
| Revenue/Share (TTM) | $11.85 |
| Book Value | $-1.44 |
| Price-to-Book | 14.62 |
| Price-to-Sales (TTM) | 0.57 |
| EV/Revenue | 1.568 |
| EV/EBITDA | 8.05 |
| Quarterly Earnings Growth (YoY) | -88.90% |
| Quarterly Revenue Growth (YoY) | -9.30% |
| Shares Outstanding | $1.03B |
| Float | $948.50M |
| % Insiders | 8.03% |
| % Institutions | 71.97% |
Volatility is currently expanding

LUMN's Q2 loss came in narrower than expected as strategic revenues have risen 14.1% and free cash flow has turned positive despite a 9.3% revenue decline.

LUMN beats Q2 estimates as strategic revenues increase 14%, NaaS adoption accelerates and Alkira strengthens its digital networking shift.

Lumen Technologies NYSE: LUMN reported second-quarter results that management said were in line with expectations, as the company continued to shift its business toward digital, strategic networking services and away from legacy offerings.

Lumen Technologies delivered a second straight revenue beat, with Q2 revenues beating estimates despite a 9% YoY decline. Strategic Business revenues, now over half of the Business segment, grew by 14.1%, supporting the company's digital transformation. LUMN maintained full-year guidance, and still expects $1.9 billion to $2.1 billion in free cash flow.

LUMN heads into Q2 earnings with AI-driven PCF and NaaS momentum, while legacy declines and heavy debt remain key concerns.

DENVER--(BUSINESS WIRE)--Gartner® recognized Lumen Technologies (NYSE: LUMN) in its June 25, 2026, report, AI Vendor Race: Lumen Is the Company to Beat in Enterprise WAN and Connectivity Services for AI. The report states by combining Lumen's fiber footprint, dense metro infrastructure and edge capabilities with Alkira's cloud-native control plane, the company strengthens its ability to extend its leadership into enterprise AI WAN and connectivity services. “AI is changing how businesses operat.

DENVER--(BUSINESS WIRE)--As cyber threats accelerate and security teams face relentless alert volume, Lumen Technologies (NYSE: LUMN) today announced Lumen Defender℠ Advanced Managed Detection and Response (AMDR) for Palo Alto Networks Cortex XSIAM. Attackers are increasingly operating earlier in the lifecycle while AI is accelerating threat speed. This expanded service will bring together Lumen's managed detection and response capabilities and Lumen Defender℠ Threat Feed powered by Lumen's Bla.

DENVER--(BUSINESS WIRE)--Lumen Technologies, Inc. (NYSE: LUMN) today announced it has completed its acquisition of Alkira, an on-demand networking platform that helps enterprises connect clouds, sites, partners, and AI workloads quickly and easily. By combining Alkira's technology with Lumen's physical infrastructure, programmable network, and partner ecosystem, Lumen aims to simplify how enterprises build and manage their networks as environments grow more complex. Unlike providers that offer.

Lumen Technologies, which has rejigged its business to a great extent since I last covered it in April 2022, has been outperforming its communication services peers by 7x over the past year. LUMN's forward FCF yield is poised to reach an impressive 15% by the end of this year, driven by robust PCF contract momentum and CAPEX discipline. Despite a doubling of the share price over the past year, LUMN trades at a compelling 6.18x forward EV/EBITDA, well below peers, with 300bps margin expansion projected by decade's end.

DENVER--(BUSINESS WIRE)--Lumen Technologies, Inc. (“Lumen,” “us,” “we” or “our”) (NYSE: LUMN) today announced, together with Qwest Corporation, its wholly-owned subsidiary (“Qwest”), the expiration and final results of the previously announced offers (the “Exchange Offers”) by Qwest to exchange the outstanding notes described below, in each case subject to certain terms and conditions set forth in the Registration Statement on Form S-4, including a prospectus and consent solicitation statement.
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