Lumen Technologies, Inc. (LUMN) Form 10-Q — Nov 4, 2026
Lumen Technologies reported Q3 2026 revenue of $2,715 million, down 12% year over year, with a net loss of $265 million ($0.26 per share), improved from a $621 million loss in the year-ago quarter. Revenue decline reflects the February 2026 sale of the Mass Markets Fiber-to-the-Home business to AT&T for $5.72 billion in pre-tax proceeds plus ongoing legacy declines, while Strategic revenue grew 10% to $1,279 million on dark fiber and IP demand. The company used the divestiture to deleverage aggressively, repurchasing $4,765 million of superpriority and secured debt; long-term debt fell to $13.2 billion from $17.4 billion at year-end 2025, and interest expense dropped 41% in the quarter.
Key figures
- Revenue
- 2715
- Total Debt
- 13164
- Revenue Yoy
- -12%
- Total Assets
- 30724
- Cash Position
- 978
- Shares Outstanding
- 1031042677
- Q3 capex musd
- 2717
- Nine month revenue musd
- 8419
- Q3 adjusted ebitda musd
- 521
- Net gain on sale bus musd
- 569
- Performance obligations busd
- 6.1
- Alkira acquisition price musd
- 485
- New revolver commitments musd
- 825
- Strategic revenue q3 growth pct
- 10
- Nine month operating cash flow musd
- 2812
- Debt repaid with divestiture proceeds musd
- 4765
- Mass markets ftth divestiture pretax proceeds busd
- 5.72
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