Earnings ·
Lumen reports Q3 revenue of $2.72B, strategic sales up 10% as it reiterates full-year adjusted EBITDA outlook
LUMNLumen Technologies, Inc.
Lumen Technologies reported third-quarter 2026 total revenue of $2.715 billion, a 12% decline from the prior year period, driven by a sharp drop in mass market revenue. Strategic revenue grew 10% year-over-year to $1.28 billion, representing 55% of business revenue. The company reported a net loss of $265 million and adjusted EBITDA excluding special items of $715 million. Lumen reiterated its full-year 2026 financial outlook, targeting adjusted EBITDA excluding special items between $3.1 billion and $3.3 billion and free cash flow between $1.9 billion and $2.1 billion. The company operates in the telecommunications industry, providing network connectivity, cloud services, and digital solutions to enterprise and consumer customers.