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An announcement from Lumen Technologies ( (LUMN) ) is now available.
On May 5, 2026, Lumen Technologies reported first-quarter 2026 results showing total revenue of $2.899 billion and an adjusted EBITDA of $849 million excluding special items, with net loss essentially flat year over year at $200 million while free cash flow excluding special items more than doubled to $756 million. Strategic revenue rose to 51% of total business revenue, the company reduced leverage to below 4x following a fiber-to-the-home divestiture, and it agreed to acquire cloud-native NaaS provider Alkira to fuse its physical network with Alkira’s control plane, strengthening its push into programmable networking and AI-focused enterprise services as it continues a broader transformation and simplification program.
These results marked continued progress in Lumen’s transformation strategy, as its digital platform gained traction with rising Network-as-a-Service customer and service adoption, even as overall business and mass markets revenue declined year over year. Management emphasized balance sheet strengthening, liquidity improvements via revolver refinancing, and disciplined capital allocation behind the Alkira deal, positioning the company to pursue its revenue growth framework and deepen engagement with large enterprise, mid-market, and public sector clients seeking programmable network capabilities.
The most recent analyst rating on (LUMN) stock is a Hold with a $8.00 price target. To see the full list of analyst forecasts on Lumen Technologies stock, see the LUMN Stock Forecast page.
Spark’s Take on LUMN Stock
According to Spark, TipRanks’ AI Analyst, LUMN is a Neutral.
The score is held back primarily by weak financial performance (multi-year revenue decline, losses, negative equity, and reduced free cash flow). Offsetting this, the latest earnings call points to a credible 2026 cash-flow/EBITDA improvement path aided by debt reduction and cost savings, while technicals show positive trend but overbought momentum. Valuation remains mixed due to losses (negative P/E).
To see Spark’s full report on LUMN stock, click here.
More about Lumen Technologies
Lumen Technologies, Inc. is a U.S.-based communications and network infrastructure provider that operates a large physical fiber network and offers programmable networking and digital platform services to business, wholesale, and mass-market customers. The company is increasingly focused on AI-driven enterprise solutions, Network-as-a-Service offerings, and modernized digital connectivity for global enterprises.
Average Trading Volume: 12,856,465
Technical Sentiment Signal: Strong Buy
Current Market Cap: $9.61B
See more data about LUMN stock on TipRanks’ Stock Analysis page.