The earnings call highlighted strong financial performance, operational improvements, and strategic initiatives in AI and cloud, indicating a positive outlook. However, there were challenges in legacy product revenues and overall revenue decline, balancing the sentiment.

Company Guidance

In the first quarter of 2025, Lumen Technologies reported strong financial performance, exceeding consensus expectations for revenue, EBITDA, and free cash flow. North American business growth was highlighted with a 7.9% year-over-year increase in Grow revenue, although total North American business revenue saw a slight decline of 2.2% year-over-year, significantly better than industry peers. The company also noted an over 8% improvement in absolute dollar disconnects compared to the first quarter of 2024, contributing to revenue and EBITDA performance. Lumen is on track to achieve $250 million in savings by the end of 2025 and $1 billion by 2027, driven by modernization and simplification initiatives, including the construction of $8.5 billion in private connectivity fabric projects. The company continues to innovate by leveraging its expansive fiber network and new digital platform, aiming to disrupt traditional cloud connect models and addressing a growing $15 billion total addressable market.

Strong Financial Performance

Lumen Technologies beat consensus for revenue, EBITDA, and free cash flow. North American business Grow revenue increased by 7.9% year-over-year, and Wave's revenue also grew year-over-year.

Operational Excellence

Material progress was made in upgrading systems, simplifying product portfolio, unifying networks, and improving execution. The company aims to generate at least $250 million in savings exiting 2025 and $1 billion exiting 2027.

AI and Cloud Initiatives

Continued focus on building the backbone for AI with a significant expansion of the fiber network and partnerships like the one with Google Cloud, providing direct fiber access to customer data centers.

Balance Sheet Improvements

Refinanced $2.4 billion in term loans, reducing annual interest expense by approximately $55 million and extending the loan maturity to 2032. This was supported by recent credit rating upgrades.

Mass Market Fiber Growth

Fiber broadband revenue grew 22.9% year-over-year, and Lumen added 101,000 fiber-enabled homes and 39,000 quantum fiber customers in Q1.

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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

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LUMN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 05, 2025	2025 (Q2)	-0.25 / -	-0.13	―	―	―
May 01, 2025	2025 (Q1)	-0.27 / -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)
May 02, 2023	2023 (Q1)	0.10 / 0.10	0.63	-84.13% (-0.53)

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

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LUMN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
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%
Aug 06, 2024	$5.00	$6.63	+32.60%

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.

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