Lumen Technologies, Inc. (LUMN) Form 8-K — Nov 4, 2026
Lumen Technologies reported Q3 2026 revenue of $2.715 billion, down 12.1% year over year, with a net loss of $(265) million, though this narrowed from a $(621) million loss in Q3 2025. Adjusted EBITDA excluding Special Items was $715 million, down 9.1% YoY, and free cash flow excluding Special Items was negative $(76) million versus $1.7 billion a year ago. The bright spot was Strategic revenue, which grew 10% YoY to $1.28 billion and now represents 55% of business revenue, while legacy revenue fell 17.2%. Lumen signed $700 million in additional PCF deals year to date, bringing cumulative signed agreements to over $13.5 billion, and NaaS active customers grew 24% sequentially.
Key figures
- Revenue
- 2715000000
- Guidance
- FY2026 reiterated: Adjusted EBITDA excl. Special Items $3.1-$3.3B; Free Cash Flow excl. Special Items $1.9-$2.1B; Net Cash Interest $650-$750M; Capex excl. Special Items $3.2-$3.4B
- Revenue Yoy
- -12.1%
- Total Assets
- 30724000000
- Cash Position
- 978000000
- Strategic revenue
- 1280000000
- Legacy revenue yoy
- -17.2%
- Operating cash flow
- 518000000
- Net cash interest q3
- 222000000
- Pcf deals signed ytd
- $700M
- Strategic revenue yoy
- +10%
- Naas customers qoq growth
- +24%
- Cumulative pcf deals signed
- >$13.5B
- Adjusted ebitda excl special items
- 715000000
- Adjusted ebitda excl special items yoy
- -9.1%
AI analysis
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