Lumen Technologies Reports Solid Third Quarter 2026 Results; Strategic Growth and Operating Leverage Gain Momentum
Lumen reported Q3 2026 revenue of $2.715 billion, down 12% year-over-year, with a net loss of $(265) million narrowed from $(621) million a year earlier. Strategic revenue grew 10% YoY to $1.28 billion (55% of business revenue) and Strategic sales rose 30%, while legacy revenue fell 17% and FCF ex-Special Items swung to $(76) million from $1.7 billion a year ago.
Key figures
- Revenue
- 2715000000
- Guidance
- Reiterated FY26: Adjusted EBITDA ex-Special Items $3.1-$3.3B; FCF ex-Special Items $1.9-$2.1B; capex ex-Special Items $3.2-$3.4B
- Revenue Yoy
- -12%
- Naas customers
- more than 4,000
- Strategic revenue
- $1.28 billion
- Cash and equivalents
- 978000000
- Pcf deals signed ytd
- $700 million
- Strategic revenue yoy
- 10%
- Cumulative pcf agreements
- $13.5 billion
- Adjusted ebitda prior year
- 787000000
- Fcf ex special items prior year
- 1661000000
- Adjusted ebitda ex special items
- 715000000
AI analysis
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