Lumen Technologies, Inc.(LUMN)— Stock Profile, AI Score & Financials
Communication Services · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
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 47.0/100 on a 32-signal composite quality model, placing it at rank #1,797 of 2,960 stocks — the bottom half of the AI-ranked universe. LUMN scores in the top quartile across earnings quality (90.9), revenue scale (87.8). Areas of concern include revenue growth (10.0) and profitability (23.5), 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, free cash flow of $69.0M. 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 NYSE 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.
AI Quality Score
47.0/100
AI Rank
#1,797
Revenue
$2.8B
Net Income
$-201.0M
Free Cash Flow
$69.0M
LUMN key financials by period
Lumen Technologies, Inc. reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating 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%
Institutions holding LUMN
Institutional investors reporting a position in Lumen Technologies, Inc. on SEC Form 13F.
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
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.
