LUMN is the ticker symbol for Lumen Technologies, Inc., a publicly traded Communication Services sector company listed on Nasdaq. 13F Pro tracks LUMN with AI-powered analysis, an AI quality score, SEC EDGAR financials, insider transactions, and institutional 13F holdings — all sourced directly from public SEC filings.

Is LUMN a good stock to buy?

13F Pro's AI ranking engine scores LUMN at 47.1/100, ranked #1,808 of 2,925 stocks on a composite quality score built from its SEC filings, covering profitability, growth, balance sheet strength, and free cash flow. The full AI verdict and bull/bear case for LUMN is available at https://13fpro.ai/company/LUMN. Not investment advice — review the underlying SEC filings before making any trade.

Where does 13F Pro source LUMN data?

All Lumen Technologies, Inc. fundamentals and ownership data come directly from SEC EDGAR. Lumen Technologies, Inc. files with the SEC under CIK 18926. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

Lumen Technologies, Inc. LUMN

NasdaqMid CapCommunication Services

13F Pro quality score

Rank #1,808 of 2,925

Why it scores 47 Communication Services peers →

Rankings refresh quarterly once 80% of peers have filed. Next update: ~Nov 14, 2026.

Revenue

$2.81B

Quarter to Jun 30

Net income

$-201.00M

Quarter to Jun 30

Free cash flow

$69.00M

Quarter to Jun 30

Operating margin

-3.1%

Quarter to Jun 30

Top Institutional Holders

as of Q2 2026

$5.59B total

BlackRock, Inc.

$1.09B+3.5%

VANGUARD PORTFOLIO MANAGEMENT LLC

$472.10M-1.0%

STATE STREET CORP

$368.66M+4.3%

FMR LLC

$348.11M+44.3%

VANGUARD CAPITAL MANAGEMENT LLC

$322.85M+1.0%

GEODE CAPITAL MANAGEMENT, LLC

$191.09M+8.6%

D. E. Shaw & Co., Inc.

$134.35M+16.4%

GOLDMAN SACHS GROUP INC

$130.40M-24.7%

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$122.64M-7.0%

DIMENSIONAL FUND ADVISORS LP

$112.22M-2.6%

Front Street Capital Management, Inc.

$93.48MNew

MORGAN STANLEY

$92.33M+1.1%

NORGES BANK

$87.03M--

NORTHERN TRUST CORP

$85.65M+5.2%

Bank of New York Mellon Corp

$80.56M+87.2%

FIRST TRUST ADVISORS LP

$77.89M-20.6%

Allianz Asset Management GmbH

$77.37M+18.7%

Invesco Ltd.

$75.41M+7.2%

HSBC HOLDINGS PLC

$74.24M+10.5%

RENAISSANCE TECHNOLOGIES LLC

$70.43M-5.7%

JPMORGAN CHASE & CO

$68.97M-61.6%

CapWealth Advisors, LLC

$54.69M+1.6%

Nuveen, LLC

$52.79M+28.4%

VANGUARD FIDUCIARY TRUST CO

$48.23M-3.6%

RMB Capital Management, LLC

$45.10M0.0%

See all 627 institutional holders →

What's Driving LUMN's Business? Latest 10-Q Breakdown

36/36 datapoints verified

AI-extracted from the 10-Q filed 2026-08-04 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Q2 revenue fell 9% YoY to $2.8B as legacy services decline offset strategic product growth; net loss of $201M.

Biggest Revenue Drivers

Business Revenue – Strategic$1,289M+14% YoY

Dark fiber and conduit revenue increased $109M; IP services increased $17M.

Business Revenue – Legacy$1,155M-15% YoY

VPN services declined $70M; voice and private line services declined $83M.

Biggest Revenue Drivers

Total revenue: $2,805M-9% YoY

Business Revenue – Strategic$1,289M+14% YoY

Dark fiber and conduit revenue increased $109M; IP services increased $17M.

Business Revenue – Legacy$1,155M-15% YoY

VPN services declined $70M; voice and private line services declined $83M.

Mass Markets Revenue – Other Broadband$192M-22% YoY

Fewer low-speed copper-based broadband customers.

Mass Markets Revenue – Fiber Broadband$17M-92% YoY

Fewer Mass Market subscribers from divestiture of Fiber-to-the-Home business in Territory.

Mass Markets Revenue – Voice and Other$152M+9% YoY

FCC Rural Digital Opportunity Fund program withdrawal impact offset by voice revenue declines.

Largest Expense Items

Cost of services and products (exclusive of depreciation and amortization)$1,415M-13% YoY

Network expense decreased $104M; employee-related expenses decreased $141M.

Selling, general and administrative$779M+3% YoY

Employee-related expenses increased $38M; hardware and software expenses increased $30M.

Depreciation and amortization$668M-3% YoY

Discontinuation of depreciation on Mass Markets Fiber-to-the-Home assets held for sale.

Margins: Operating margin improved significantly due to the gain on the Mass Markets Fiber-to-the-Home divestiture ($565M for six months) and reduced network and labor costs from the business sale. However, Q2 alone showed operating loss of $88M as legacy services continue to decline faster than strategic growth offsets the margin pressure.

Watch Items from the Filing

Mass Markets Fiber-to-the-Home divestiture closed February 2, 2026 for $5.72B; divested business represented $200M+ quarterly revenue decline and eliminates ~$1B annual capex benefit going forward.
Legacy revenue declined 15% YoY in Q2; VPN and voice/private line services falling $70M–$83M quarterly; strategic products growing only 14%, insufficient to offset legacy contraction.
Total debt reduced to $13.35B from $17.4B at year-end 2025; applied $4.8B divestiture proceeds to debt repurchase; interest expense fell 41% YoY to $201M in Q2.
Alkira acquisition closed July 1, 2026 for $487M; acquisition provides cloud-native networking platform for multi-cloud connectivity; integration risks and synergy realization uncertain.
Lead-sheathed cable litigation ongoing; multiple shareholder class actions, derivative suits, and environmental lawsuits filed; no accrual established; Latin American tax indemnification exposure up to $86M beyond accrued amount.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →

Key Metrics

Revenue

Q2 2026

EDGAR

Net Income

Q2 2026

EDGAR

EPS (Diluted)

Q2 2026

EDGAR

Operating Margin

Q2 2026

EDGAR

ROIC

Q2 2026

EDGAR

Free Cash Flow

Q2 2026

EDGAR

Debt/Equity

Q2 2026

EDGAR

Financial Trends

Revenue & Net Income

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Earnings Per Share

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Lumen Technologies, Inc. reported revenue, net income and margins by fiscal period, from SEC filings.
Period	Form	Revenue	Net income	Op. marginOperating margin
FY 2025	10-K	$12.4B	$-1.7B	-6.6%
FY 2024	10-K	$13.1B	$-55.0M	3.5%
FY 2023	10-K	$14.6B	$-10.3B	-65.8%
FY 2022	10-K	$17.5B	$-1.5B	0.5%
FY 2021	10-K	$19.7B	$2.0B	21.8%
FY 2020	10-K	$20.7B	$-1.2B	4.6%

About Lumen Technologies, Inc. (LUMN): stock profile, AI score and financials

Lumen Technologies, Inc. (LUMN) stock profile, AI quality score, and SEC EDGAR financial data, a Communication Services sector company. 13F Pro's AI-powered ranking engine scores LUMN at 47.1/100 on a composite quality score built from its SEC filings, placing it at rank #1,808 of 2,925 stocks — the bottom half of the AI-ranked universe. LUMN scores in the top quartile across earnings quality (91.2), revenue scale (87.6). Areas of concern include revenue growth (11.2) and profitability (23.4), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), Lumen Technologies, Inc. reports quarterly revenue of $2.8B, net income of $-201.0M, an operating margin of -3.1%. Top institutional holders of LUMN by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. LUMN trades on the Nasdaq exchange and files with the SEC under CIK 18926. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LUMN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Lumen Technologies, Inc. directly from SEC EDGAR.

Financials through the period ended Jun 30, 2026SEC EDGAR: CIK 18926 →

Lumen Technologies, Inc. LUMN

Top Institutional Holders

What's Driving LUMN's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Biggest Revenue Drivers

Largest Expense Items

Watch Items from the Filing

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

LUMN key financials by period

LUMN insiders

Congress trading in LUMN

About Lumen Technologies, Inc. (LUMN): stock profile, AI score and financials

Lumen Technologies, Inc. LUMN

Top Institutional Holders

What's Driving LUMN's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

LUMN key financials by period

Companies similar to LUMN

LUMN insiders

Congress trading in LUMN

About Lumen Technologies, Inc. (LUMN): stock profile, AI score and financials