The earnings call highlighted several positive developments for Lumen Technologies, including strategic sales, successful bond offerings, and growth in new contracts and NaaS. The company is also benefiting from favorable tax legislation. However, challenges remain, such as the RDOF giveback, declines in certain revenue segments, and negative free cash flow. Overall, the positive aspects outweigh the negatives, indicating a generally optimistic outlook for the company's future.

Company Guidance -

Q3 2025

During Lumen Technologies' second quarter 2025 earnings call, CEO Kate Johnson highlighted several key metrics that underscore the company's progress. Lumen announced the sale of its consumer fiber-to-the-home business to AT&T for $5.75 billion, which is expected to reduce annual interest expenses by $300 million and cut CapEx by $1 billion. The company also reported signing nearly $500 million in new PCF contracts and successfully raised $2 billion through a bond offering, reducing the coupon rate by over 3.5% and saving around $50 million in annual interest expenses. Additionally, Lumen increased its 2025 free cash flow guidance by $500 million and raised its 2025 run rate cost-out target from $250 million to $350 million, aiming to reach the high end of its EBITDA guidance. The company has already deployed 1,200 miles of fiber on 16 routes as part of its $8.5 billion PCF contracts from last year, with the expectation that these projects will generate over $400 million in annual revenue. Lumen also saw strong growth in its Network as a Service (NaaS) offerings, with the number of customers using one or more ports up 35%, total active NaaS ports up 31%, and total active services up 22% quarter-over-quarter.

Sale of Consumer Fiber-to-the-Home Business

Lumen announced the sale of its consumer fiber-to-the-home business to AT&T for $5.75 billion, which will significantly strengthen the balance sheet by reducing debt and interest expenses.

Strong New Contract Awards

Lumen signed nearly $500 million of new PCF contracts since the last update, with a strong pipeline of opportunities remaining.

Successful Bond Offering

Lumen raised $2 billion through a successful bond offering, extending maturities and reducing the coupon rate by over 3.5%, saving approximately $50 million in annual interest expense.

Increase in Free Cash Flow Guidance

Lumen increased its 2025 free cash flow guidance by $500 million and plans to be at the high end of its EBITDA guidance.

Strong Growth in Network as a Service (NaaS)

Quarter-over-quarter growth in NaaS metrics: customers up 35%, active ports up 31%, and active services up 22%.

AI and Digital Infrastructure Developments

Lumen is making significant progress on the $8.5 billion in PCF contracts for AI infrastructure, contributing to long-term growth prospects.

Positive Tax Legislation Impact

The reconciliation bill is expected to reduce Lumen's 2025 tax liability by approximately $400 million.

Lumen Technologies (LUMN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LUMN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	-0.28 / -	-0.13	―	―	―
Jul 31, 2025	2025 (Q2)	-0.26 / -0.03	-0.13	76.92% (+0.10)
May 01, 2025	2025 (Q1)	-0.26 / -0.13	-0.04	-225.00% (-0.09)
Feb 04, 2025	2024 (Q4)	-0.05 / 0.09	0.08	12.50% (<+0.01)
Nov 05, 2024	2024 (Q3)	-0.09 / -0.13	-0.09	-44.44% (-0.04)
Aug 06, 2024	2024 (Q2)	-0.05 / -0.13	0.1	-230.00% (-0.23)
Apr 30, 2024	2024 (Q1)	0.02 / -0.04	0.1	-140.00% (-0.14)
Feb 06, 2024	2023 (Q4)	-0.01 / 0.08	0.43	-81.40% (-0.35)
Oct 31, 2023	2023 (Q3)	0.05 / -0.09	0.14	-164.29% (-0.23)
Aug 01, 2023	2023 (Q2)	0.08 / 0.10	0.35	-71.43% (-0.25)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LUMN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$4.45	$3.71	-16.63%
May 01, 2025	$3.52	$3.78	+7.39%
Feb 04, 2025	$5.04	$4.97	-1.39%
Nov 05, 2024	$7.61	$9.02	+18.53%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.