Lumen Technologies, Inc. (LUMN) Stock: Price, Forecast & Analyst Target
Lumen Technologies, Inc. (LUMN) — MoonshotScore 14/100 (Weak band), calculated Oct 5, 2026. Price $5.75 (+2.86%), as of the Oct 2, 2026 trading session; market cap $5.92B. Expected results Oct 29, 2026.
Listing-status flag — 8-K Item 3.01, filed Sep 25, 2026.
Educational signal · not a buy or sell recommendation · How to read this
Market value / cash and short-term investments: 3.16× (market value Oct 2, 2026; cash Jun 30, 2026) · expected results Oct 29, 2026
Lumen Technologies, Inc. · LUMN · NYSE · Communication Services · Telecommunications Services
Research dated 2026-09-13: Lumen operates massive fiber optic and internet infrastructure under various brands, carrying data for enterprise and residential customers. The core tension is whether its growing high capacity optical network sales can outpace the relentless decay of its legacy voice and copper wire businesses before debt servicing consumes its remaining liquidity.
Price as of Oct 2, 2026
Key Statistics
MoonshotScore v2 · Lumen Technologies (LUMN)
WeakWhy this rating? Method, drivers & history
Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.
- Business Quality — Is this a genuinely good business?
- Financial Safety — Could this blow up on me?
- Valuation — Am I paying a fair price?
- Growth Durability — Is the growth real and likely to last?
- Momentum — Is the market already moving on this?
Weak quality, a fragile balance sheet and stalling growth — broad distress, a capital-preservation call, not a value entry. Business Quality: Thin; Financial Safety: Fragile; Valuation: Full; Growth Durability: Shrinking; Momentum: Quiet.
- quarterly revenue $2.81B (Q2 FY2026, quarter ended Jun 2026)
- EPS beat 7 of 8
- Altman Z -0.47 · Piotroski F 4
Holding back: balance-sheet strain, soft growth
What has the MoonshotScore done over time?
| Recorded | Score | Band |
|---|---|---|
| 14 | Weak | |
| 14 | Weak | |
| 14 | Weak | |
| 14 | Weak | |
| 14 | Weak | |
| 14 | Weak |
The score was 14 in the stored Oct 4, 2026 snapshot and remains 14 in the current publication computed Oct 5, 2026 (0); the largest pillar moves were Momentum +1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged. This current publication is not yet represented in the immutable snapshot archive.
Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.
Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →
Price & valuation
| Measure | Value |
|---|---|
| Latest provided price | $5.75 |
| Change on the day | +2.86% |
| 52-week range | $5.38–$11.95 |
| Market capitalisation | $5.92B |
| Price / earnings (trailing) | -23.91 |
| Shares traded on the day | 12.12M |
| Beta (volatility vs the S&P 500) | 1.8 |
Price & events
Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.
Events behind the price
- · Earnings results · above the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings results · below the recorded estimate
- · Earnings call · management outlook
- · Earnings results · above the recorded estimate
- · Listing notice
Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.
Upcoming events
Management outlook
Contributing to the improving mix, strategic waves revenue, 100 and 400 gig grew nearly 11% over a year-over-year in the second quarter in our North American enterprise channels, and we expect that momentum to continue as strategic waves sales were up nearly 35% year-over-year in the quarter, which is a nice precursor to future revenue.
Christopher Stansbury · Statement from
We're in the process of quantifying Alkira's impact on accelerating our growth, and we plan to share that view with investors when we provide our 2027 guidance.
Christopher Stansbury · Statement from
Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.
Read management statementsOther perspectives
Council score for Lumen Technologies (LUMN): perspectives
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
5-Factor Breakdown
Legends Council
5 lenses, 0 current
AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Read on: Sep 24, 2026 · older than the 27 hours refresh window; not a current reading
Munger's Mindset
Balance Sheet & Valuation · historical
Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading
How to read these bars and different assessments
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.
On Sep 10, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.
Readings on this page are from Oct 5, 2026, except a card that shows its own read date.
Watch the LUMN film — every key number, told as a short cinematic story
~2 min · open the film
What is Lumen Technologies (LUMN), and what does it report?
Short answer · as of
Most retail investors recognize this business through its former corporate identity, CenturyLink, assuming it remains a traditional regional telephone utility.
Research dated 2026-09-13.
Most retail investors recognize this business through its former corporate identity, CenturyLink, assuming it remains a traditional regional telephone utility. Today, the enterprise division generates the vast majority of total sales by leasing high capacity optical fiber networks and cloud connectivity to large organizations.
The mass market segment, while visible, contributes a smaller portion of the revenue mix. Consequently, the top line measures enterprise demand for massive data transport rather than consumer broadband subscriptions.
What do the latest results show for Lumen Technologies (LUMN)?
Short answer · as of
The most recent reported quarter, Q2 FY2026, carried revenue of $2.81B.
Research dated 2026-09-13.
Total revenue continues a sustained downward trajectory as legacy voice and legacy data hosting revenues evaporate faster than modern services expand. The company reported a net loss for the latest period, reflecting heavy infrastructure maintenance costs and debt expenses against a shrinking sales base.
However, management points to accelerating demand within specific enterprise channels for strategic optical wave capacity, arguing these infrastructure commitments serve as an early indicator for future revenue stabilization.
Where is operating spending going?
Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.
- Latest quarter · revenue
- $2.81B Jun 30, 2026
- Latest quarter · SG&A
- $779.00M Jun 30, 2026
- Latest quarter · FMP standardized operating result
- −$88.00M Jun 30, 2026
| Period end | Revenue | R&D | SG&A | FMP standardized operating result |
|---|---|---|---|---|
| Jun 30, 2026 | $2.81B | Not available | $779.00M | −$88.00M |
| Mar 31, 2026 | $2.90B | Not available | $794.00M | $6.00M |
| Dec 31, 2025 | $3.04B | Not available | $940.00M | −$200.00M |
| Sep 30, 2025 | $3.09B | Not available | $829.00M | −$116.00M |
USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.
Did results meet expectations?
Reported earnings and revenue alongside the estimates recorded by the provider.
- Latest report · revenue
- $2.81B Aug 4, 2026
- Latest report · revenue estimate
- $2.74B Aug 4, 2026
- Latest report · revenue vs estimate
- Above estimate Aug 4, 2026
- Latest report · EPS vs estimate
- Above estimate Aug 4, 2026
| Report date | Revenue · reported | Revenue · estimate | EPS · reported | EPS · estimate |
|---|---|---|---|---|
| Aug 4, 2026 | $2.81B | $2.74B | −$0.0700 | −$0.1338 |
| May 5, 2026 | $2.90B | $2.83B | −$0.4700 | −$0.0961 |
| Feb 3, 2026 | $3.04B | $3.04B | $0.2300 | −$0.2100 |
| Oct 30, 2025 | $3.09B | $3.04B | −$0.2000 | −$0.3100 |
Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.
Quarterly income statement — 4 quarters
| Period | Revenue | Net income | EPS |
|---|---|---|---|
| Q2 FY2026 | $2.81B | -$201M | -$0.20 (diluted) |
| Q1 FY2026 | $2.90B | -$200M | -$0.20 (diluted) |
| Q4 FY2025 | $3.04B | -$2M | -$0.0020 (diluted) |
| Q3 FY2025 | $3.09B | -$621M | -$0.62 (diluted) |
What are the financial strengths and risks for Lumen Technologies (LUMN)?
Short answer
Cash and short-term investments were $1.88B at the Jun 30, 2026 balance-sheet date. Operating cash flow was $971.00M for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.
Research dated 2026-09-13.
The balance sheet carries a massive debt burden that vastly exceeds current cash reserves and the total market capitalization of the equity. While the core operations consistently generate positive cash flow, aggressive capital expenditure requirements for building out fiber networks consume most of those funds.
This dynamic creates a structural risk: if enterprise spending on network upgrades stalls, the underlying business may not generate sufficient free cash to simultaneously fund essential network modernizations and manage the looming debt obligations.
Data-derived red flags
- Financial-distress signal — its Altman Z-Score of -0.47 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-52.1%) — the business is not currently generating profit on shareholder capital.
How much cash does the business generate or use?
Quarterly operating cash flow shows cash generated or used by operations.
- Latest quarter · operating cash flow
- $971.00M Jun 30, 2026
- Previous quarter · operating cash flow
- $1.32B Mar 31, 2026
| Period end | Operating cash flow | Capital expenditure (reported) |
|---|---|---|
| Jun 30, 2026 | $971.00M | −$902.00M |
| Mar 31, 2026 | $1.32B | −$943.00M |
| Dec 31, 2025 | $562.00M | −$1.64B |
| Sep 30, 2025 | $2.51B | −$1.04B |
Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.
USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.
What should you watch next at Lumen Technologies (LUMN)?
Short answer · as of
The next earnings report is expected on Oct 29, 2026.
Research dated 2026-09-13.
The upcoming earnings release will test whether the heavily promoted growth in enterprise optical wavelengths translates into a slower rate of total revenue decay. Investors will scrutinize the detailed outlook to see how recent acquisitions integrate into the product suite and whether those additions finally alter the projected downward sales trajectory.
Furthermore, any strategic shifts regarding debt restructuring or capital allocation will signal how severely interest expenses are restricting operational flexibility.
What management is planning
Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.
Contributing to the improving mix, strategic waves revenue, 100 and 400 gig grew nearly 11% over a year-over-year in the second quarter in our North American enterprise channels, and we expect that momentum to continue as strategic waves sales were up nearly 35% year-over-year in the quarter, which is a nice precursor to future revenue.
Christopher Stansbury ·
We're in the process of quantifying Alkira's impact on accelerating our growth, and we plan to share that view with investors when we provide our 2027 guidance.
Christopher Stansbury ·
How does Lumen Technologies compare with its peers?
Short answer
Lumen Technologies's score ranks 13th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.
Research dated 2026-09-13.
Unlike pure play cloud software providers that scale with minimal physical footprint, this enterprise is tethered to a physical reality of maintaining extensive subterranean and submarine cables. Competitors building modern networks from scratch do not carry the operational anchor of servicing declining copper wire and legacy telephone systems.
The asset base provides a deep moat against new entrants needing physical network routes, but the combined burden of maintaining obsolete infrastructure while funding next generation fiber upgrades fundamentally depresses profit margins relative to asset light peers.
| Company | Price | Market value | Score |
|---|---|---|---|
| $17.83 Oct 2, 2026 | $8.52B | 88 5-pillar Oct 5, 2026 | |
| $48.96 Oct 2, 2026 | $5.19B | 84 5-pillar Oct 5, 2026 | |
| $11.72 Oct 2, 2026 | $5.05B | 78 5-pillar Oct 5, 2026 | |
| $5.04 Oct 2, 2026 | $4.39B | 77 5-pillar Oct 5, 2026 | |
| $18.94 Oct 2, 2026 | $9.13B | 74 5-pillar Oct 5, 2026 | |
| $36.79 Oct 2, 2026 | $14.1B | 59 5-pillar Oct 5, 2026 | |
| $75.64 Oct 2, 2026 | $5.24B | 59 5-pillar Oct 5, 2026 | |
| $17.56 Oct 2, 2026 | $3.79B | 59 5-pillar Oct 5, 2026 | |
| $88.32 Oct 2, 2026 | $14.8B | 58 5-pillar Oct 5, 2026 | |
| $35.39 Oct 2, 2026 | $3.76B | 46 5-pillar Oct 5, 2026 | |
| $12.37 Oct 2, 2026 | $3.77B | 31 5-pillar Oct 5, 2026 | |
| $83.22 Oct 2, 2026 | $10.7B | 31 5-pillar Oct 5, 2026 | |
| Lumen Technologies (LUMN) — this page | $5.75 | $5.92B | 14 |
Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.
The records behind this page
Analyst targets & estimates
What analysts have on file
- Price target, low to high
- $8.00 – $8.00
- Consensus target
- $8.00
- Median target
- $8.00
Consensus record · Captured .
Measured against a quoted price of $5.75 (as of Oct 2, 2026).
Insider activity
Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Sep 23, 2026
- Transactions
- 15
- Identified insiders
- 13
- Purchases
- 1
- Sales
- 0
- Other transactions
- 14
Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
Who holds the shares?
Institutional ownership reported through 13F filings.
- Institutional ownership
- 74.5% Period end Jun 30, 2026
- Previous quarter · ownership
- 71.1% Prior to period end Jun 30, 2026
- Reporting holders
- 659 Period end Jun 30, 2026
- Previous quarter · holders
- 625 Prior to period end Jun 30, 2026
| Holders in provider snapshot | Shares |
|---|---|
| Blackrock, INC. | 142,261,845 |
| Vanguard Portfolio Management LLC | 61,471,506 |
| State Street Corp | 48,003,189 |
| Fmr LLC | 45,326,716 |
| Vanguard Capital Management LLC | 42,038,158 |
Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.
What has been published about Lumen Technologies (LUMN)?
Common Questions About LUMN (Communication Services)
Research dated 2026-09-13; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.
Why did dividend payments stop entirely?
The board eliminated shareholder distributions to preserve liquidity for aggressive debt reduction and necessary fiber network investments. Continuing to pay out cash while managing massive liabilities and funding capital intensive physical upgrades proved unsustainable.
Does the cash balance cover the outstanding liabilities?
Total debt dwarfs the current liquidity pool, leaving a substantial gap between obligations and available reserves. The capital structure relies heavily on rolling over debt and generating future operating cash flow rather than clearing obligations from existing accounts.
Are corporate insiders currently acquiring shares on the open market?
Recent regulatory disclosures show executives expanding their equity positions through open market purchases without any corresponding liquidation events. This accumulation occurs while the underlying equity trades at deeply depressed valuation multiples relative to historical averages.
What drives the continued deterioration of total top line sales?
The core business suffers from a structural transition away from legacy voice lines and aging data hosting contracts. Even as demand for high capacity optical wavelengths and modern cloud connections expands, those newly won contracts fail to completely offset the rapid evaporation of revenue from legacy technological platforms.
What is the LUMN stock price today?
The last price recorded on this page for Lumen Technologies, Inc. (LUMN) is $5.75, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.
What is the LUMN price target?
The analyst consensus price target for Lumen Technologies, Inc. (LUMN) is $8.00 (range $8.00 to $8.00, median $8.00), per FMP data captured Oct 5, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Research written by Codex (gpt-5.6-sol) on 2026-09-13. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.
Sources — records for every figure on this page (80 figures)
The 80 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.
"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.
OFFICIAL — 3 facts from SEC filings and earnings calls
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
list.rule_notice | Listing-status notice (8-K Item 3.01) | 8-K Item 3.01, filed Sep 25, 2026 | OFFICIAL | SEC EDGAR — Form 8-K, Item 3.01 — Item 3.01 covers both continued-listing notices and voluntary transfers between exchanges; the filing states which applies and any cure terms. | |
prod.outlook | Management outlook — call excerpts | Christopher Stansbury (Aug 4, 2026): Contributing to the improving mix, strategic waves revenue, 100 and 400 gig grew nearly 11% over a year-over-year in the second quarter in our North American enterprise channels, and we expect that momentum to continue as strategic waves sales were up nearly 35% year-over-year in the quarter, which is a nice precursor to future revenue. Christopher Stansbury (Aug 4, 2026): We're in the process of quantifying Alkira's impact on accelerating our growth, and we plan to share that view with investors when we provide our 2027 guidance. | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | |
id.hq | SEC filing business address | P O BOX 4065, 100 Centurylink DR, Monroe, LA, 71203 | OFFICIAL | SEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "100 CenturyLink Drive, Monroe, LA, 71203, US". |
FMP — 69 facts from Financial Modeling Prep endpoint families
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.next | Next earnings date | Oct 29, 2026 | FMP | Financial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it. | |
px.last | Latest provided price | $5.75 | FMP | Financial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T17:24:45.267Z. | |
px.change | Change on the day | +2.86% | FMP | Financial Modeling Prep (FMP) · quote | |
px.mcap | Market capitalisation | $5.92B | FMP | Financial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:02.000Z. Captured from FMP at 2026-10-04T17:24:43.671Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares. | |
px.change_abs | Change on the day, in dollars | +$0.16 | FMP | Financial Modeling Prep (FMP) · quote | |
fin.q_revenue | Revenue, Q2 FY2026 | $2.81B | FMP | Financial Modeling Prep (FMP) · income statement (quarterly) | |
px.range52 | 52-week range | $5.38–$11.95 | FMP | Financial Modeling Prep (FMP) quote | |
px.pe | Price / earnings (trailing) | -23.91 | FMP | Financial Modeling Prep (FMP) · quote | |
px.volume | Shares traded on the day | 12.12M | FMP | Financial Modeling Prep (FMP) · quote | |
px.beta | Beta | 1.8 | FMP | Financial Modeling Prep (FMP) company profile | |
id.ceo | Chief executive | Kathleen E. Johnson | FMP | Financial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it. | |
id.employees | Employees | 24,000 | FMP | Financial Modeling Prep (FMP) employee count, from the company's filing | |
fin.annual | Revenue and net result by fiscal year | 5 fiscal years, FY2021 through FY2025: FY2021 revenue $19.69B, net result $2.03B; FY2022 revenue $17.48B, net result −$1.55B; FY2023 revenue $14.56B, net result −$10.30B; FY2024 revenue $13.11B, net result −$55.00M; FY2025 revenue $12.40B, net result −$1.74B | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements | |
fin.rev_mix | Reported revenue segments | Business Segment $9.89B · Mass Market Segment $2.51B | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K | |
fin.gross_margin | Gross margin (trailing twelve months) | 47.8% | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.q_table.depth.2026-06-30.revenue_k | Revenue — period end 2026-06-30 | $2.81B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.sga_k | SG&A — period end 2026-06-30 | $779.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.operating_result_k | FMP standardized operating result — period end 2026-06-30 | −$88.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.revenue_k | Revenue — period end 2026-03-31 | $2.90B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.sga_k | SG&A — period end 2026-03-31 | $794.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.operating_result_k | FMP standardized operating result — period end 2026-03-31 | $6.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.revenue_k | Revenue — period end 2025-12-31 | $3.04B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.sga_k | SG&A — period end 2025-12-31 | $940.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.operating_result_k | FMP standardized operating result — period end 2025-12-31 | −$200.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.revenue_k | Revenue — period end 2025-09-30 | $3.09B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.sga_k | SG&A — period end 2025-09-30 | $829.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.operating_result_k | FMP standardized operating result — period end 2025-09-30 | −$116.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
earn.history.depth.2026-08-04.revenue_actual | Revenue · reported — report date 2026-08-04 | $2.81B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-04.revenue_estimated | Revenue · estimate — report date 2026-08-04 | $2.74B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-04.eps_actual | EPS · reported — report date 2026-08-04 | −$0.0700 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-04.eps_estimated | EPS · estimate — report date 2026-08-04 | −$0.1338 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-05.revenue_actual | Revenue · reported — report date 2026-05-05 | $2.90B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-05.revenue_estimated | Revenue · estimate — report date 2026-05-05 | $2.83B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-05.eps_actual | EPS · reported — report date 2026-05-05 | −$0.4700 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-05.eps_estimated | EPS · estimate — report date 2026-05-05 | −$0.0961 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-03.revenue_actual | Revenue · reported — report date 2026-02-03 | $3.04B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-03.revenue_estimated | Revenue · estimate — report date 2026-02-03 | $3.04B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-03.eps_actual | EPS · reported — report date 2026-02-03 | $0.2300 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-03.eps_estimated | EPS · estimate — report date 2026-02-03 | −$0.2100 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-10-30.revenue_actual | Revenue · reported — report date 2025-10-30 | $3.09B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-10-30.revenue_estimated | Revenue · estimate — report date 2025-10-30 | $3.04B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-10-30.eps_actual | EPS · reported — report date 2025-10-30 | −$0.2000 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-10-30.eps_estimated | EPS · estimate — report date 2025-10-30 | −$0.3100 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
fin.q_table | Quarterly income statement | 4 quarters through Q2 FY2026 | FMP | Financial Modeling Prep (FMP) · income statement (quarterly), as filed | |
fin.cash_investments | Cash and short-term investments | $1.88B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. | |
fin.opcf_latest | Latest-quarter operating cash flow | $971.00M | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate. | |
fin.long_term_investments | Long-term investments (classification unverified) | $8.00M | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.total_debt | Total debt | $13.49B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.opcf.depth.2026-06-30.operating_cash_flow_m | Operating cash flow — period end 2026-06-30 | $971.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-31.operating_cash_flow_m | Operating cash flow — period end 2026-03-31 | $1.32B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-06-30.capex_m | Capital expenditure (reported) — period end 2026-06-30 | −$902.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-31.capex_m | Capital expenditure (reported) — period end 2026-03-31 | −$943.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-31.operating_cash_flow_m | Operating cash flow — period end 2025-12-31 | $562.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-31.capex_m | Capital expenditure (reported) — period end 2025-12-31 | −$1.64B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-09-30.operating_cash_flow_m | Operating cash flow — period end 2025-09-30 | $2.51B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-09-30.capex_m | Capital expenditure (reported) — period end 2025-09-30 | −$1.04B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
earn.pt_range | Analyst price target, low to high | $8.00 – $8.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
earn.pt_consensus | Consensus analyst price target | $8.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
earn.pt_median | Median analyst price target | $8.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
own.insiders | Insider transactions via FMP | 15 transactions · 1 purchases, 0 sales, 14 other transactions · 13 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Sep 23, 2026 | FMP | Financial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent. | |
own.institutions.depth.ownership_pct | Institutional ownership | 74.5% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.ownership_pct_previous_quarter | Previous quarter · ownership | 71.1% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.institutions.depth.holders | Reporting holders | 659 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.holders_previous_quarter | Previous quarter · holders | 625 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.top_holders.depth.holder_0.shares | Blackrock, INC. — shares in provider snapshot | 142,261,845 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_1.shares | Vanguard Portfolio Management LLC — shares in provider snapshot | 61,471,506 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_2.shares | State Street Corp — shares in provider snapshot | 48,003,189 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_3.shares | Fmr LLC — shares in provider snapshot | 45,326,716 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_4.shares | Vanguard Capital Management LLC — shares in provider snapshot | 42,038,158 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. |
UNRECORDED — 3 facts from stored observations whose source was not recorded
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.history | Reported versus estimated, recent quarters | EPS beat 7 of 8 | UNRECORDED | Stored earnings-history observation — Captured 2026-09-21 · Expired observation | |
fin.scores | Distress and quality screens | Altman Z -0.47 · Piotroski F 4 | UNRECORDED | Stored financial-scores observation — Captured 2026-10-04 · Expired observation | |
fin.ratios | Return and yield ratios (trailing twelve months) | ROE -52.1% · ROA -3.3% · current ratio 0.96 · earnings yield -14.7% · free-cash-flow yield 11.7% | — | UNRECORDED | Stored key metrics — Date unknown |
COMPUTED — 3 facts from our arithmetic, formula restated
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
fin.mcap_to_cash | Market value per dollar of cash and short-term investments | 3.16× | — | COMPUTED | Computed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $1.88B at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio. |
earn.history.depth.2026-08-04.revenue_actual.comparison | Latest report · revenue vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($2.81B) with the recorded estimate ($2.74B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
earn.history.depth.2026-08-04.eps_actual.comparison | Latest report · EPS vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS (−$0.0700) with the recorded estimate (−$0.1338) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
OURS — 2 facts from Stock Expert AI's own score and rank
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
ours.moonshot | MoonshotScore v2 | 14 of 100 · Weak · pillars 38 / 16 / 52 / 3 / 40 | OURS | Stock Expert AI MoonshotScore v2 engine | |
ours.moonshot_change | MoonshotScore movement | 14 (stored snapshot Oct 4, 2026) → 14 (current publication computed Oct 5, 2026) (0) | OURS | Stock Expert AI current score publication and immutable score snapshots — The current score publication is not yet represented in the immutable snapshot archive. |
Fact-family notes
- Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs:
fin.q_table.depth.2026-06-30.revenue_k,fin.q_table.depth.2026-06-30.sga_k,fin.q_table.depth.2026-06-30.operating_result_k,fin.q_table.depth.2026-03-31.revenue_k,fin.q_table.depth.2026-03-31.sga_k,fin.q_table.depth.2026-03-31.operating_result_k,fin.q_table.depth.2025-12-31.revenue_k,fin.q_table.depth.2025-12-31.sga_k,fin.q_table.depth.2025-12-31.operating_result_k,fin.q_table.depth.2025-09-30.revenue_k,fin.q_table.depth.2025-09-30.sga_k,fin.q_table.depth.2025-09-30.operating_result_k. - Earnings-history note. Source series as of 2026-08-04. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs:
earn.history.depth.2026-08-04.revenue_actual,earn.history.depth.2026-08-04.revenue_estimated,earn.history.depth.2026-08-04.revenue_actual.comparison,earn.history.depth.2026-08-04.eps_actual.comparison,earn.history.depth.2026-08-04.eps_actual,earn.history.depth.2026-08-04.eps_estimated,earn.history.depth.2026-05-05.revenue_actual,earn.history.depth.2026-05-05.revenue_estimated,earn.history.depth.2026-05-05.eps_actual,earn.history.depth.2026-05-05.eps_estimated,earn.history.depth.2026-02-03.revenue_actual,earn.history.depth.2026-02-03.revenue_estimated,earn.history.depth.2026-02-03.eps_actual,earn.history.depth.2026-02-03.eps_estimated,earn.history.depth.2025-10-30.revenue_actual,earn.history.depth.2025-10-30.revenue_estimated,earn.history.depth.2025-10-30.eps_actual,earn.history.depth.2025-10-30.eps_estimated. - Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs:
fin.opcf.depth.2026-06-30.operating_cash_flow_m,fin.opcf.depth.2026-03-31.operating_cash_flow_m,fin.opcf.depth.2026-06-30.capex_m,fin.opcf.depth.2026-03-31.capex_m,fin.opcf.depth.2025-12-31.operating_cash_flow_m,fin.opcf.depth.2025-12-31.capex_m,fin.opcf.depth.2025-09-30.operating_cash_flow_m,fin.opcf.depth.2025-09-30.capex_m.
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Sources used for research written 2026-09-13
Historical evidence preserved with this analysis. Current figures are listed separately above.
| Evidence | Captured value | Source date | Source type | Source |
|---|---|---|---|---|
| Business description | Lumen Technologies, Inc. functions as an infrastructure-driven technology and telecommunications provider, offering a diverse array of integrated solutions to both commercial clients and residential customers throughout the United States and internationally. The company delivers these services through its Lumen, Quantum Fiber, and CenturyLink brands. Its business operations are segmented into two primary divisions: Business and Mass Markets. Lumen's comprehensive product suite includes compute and application services, such as cloud computing, IT management, unified communication and collaboration tools, colocation and data center facilities, content delivery networks, and managed security services. It also provides IP and data services, encompassing virtual private networks (VPN), Ethernet connectivity, general internet protocol services, and Voice over IP (VoIP). Additionally, the company furnishes fiber infrastructure services, which feature high-capacity optical wavelength networks, unlit optical fiber leasing, and related professional support. Complementary offerings include various voice and other services, like private line connections for dedicated site-to-site communication, traditional time division multiplexing (TDM) voice systems, synchronous optical network (SONET)-based Ethernet, legacy data hosting, and conferencing capabilities. As of December 31, 2021, the company served approximately 4.5 million broadband subscribers. Incorporated in 1968, the organization was previously known as CenturyLink, Inc. before officially changing its name to Lumen Technologies, Inc. in September 2020. Its corporate headquarters are located in Monroe, Louisiana. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) company profile |
| Cash, investments and debt | Total debt: $13.49B; Liquidity basis: cash and short-term investments; Total liabilities: $32.27B; Cash and short-term investments: $1.88B; Cash and investments: $1.88B; Long-term investments: $8.00M; Long-term investments classification: unclassified Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet |
| Revenue by segment | Business Segment: $9.89B; Mass Market Segment: $2.51B | 2025-12-31 | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K |
| Management outlook — dated call excerpts | Captured record · 2 entries
Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | 2026-08-04 | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) |
| Legal name | Lumen Technologies, Inc. | 2026-02-20 | OFFICIAL | SEC EDGAR — 10-K filed 2026-02-20 |
| Sector / industry (provider taxonomy) | Communication Services / Telecommunications Services The company's SEC filings classify it under SIC 4813 — Telephone Communications (No Radiotelephone). | 2026-09-13 | FMP | Financial Modeling Prep (FMP) company profile |
| Quarterly income statement (USD thousands) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements |
| Annual revenue and net result (USD millions) | Captured record · 5 entries
| 2025-12-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements |
| Reported versus estimated, last 8 quarters | Captured record · 8 entries
| 2026-08-04 | FMP | Financial Modeling Prep (FMP) earnings |
| Cash against market value | As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: -$11.62B; Total debt: $13.49B; Cash and investments: $1.88B Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them. | 2026-06-30 | COMPUTED | Computed from the balance sheet and the latest market capitalization |
| Operating cash flow by quarter (USD millions) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements |
| Cash decline over the reported window | To: 2026-06-30; From: 2024-09-30; Periods: 7; Cash basis: cash and short-term investments; Closing balance: $1.88B; Decline: $764.00M; Opening balance: $2.64B; Average change per period: $109.10M Change in cash, cash equivalents and short-term investments between the 2024-09-30 and 2026-06-30 balance sheets.; This is a balance change, not operating burn: financing and investing move it too.; Averaged over 7 reporting periods of unequal length. | 2026-06-30 | COMPUTED | Computed from reported balances |
| Next earnings report | Date: 2026-10-29; EPS estimate: -$0.21289 per share; Revenue estimate: $2.73B The date is our provider's estimate until the company confirms it. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) earnings calendar |
| Analyst revenue and earnings estimates (average) | Captured record · 4 entries
| 2026-09-13 | FMP | Financial Modeling Prep (FMP) analyst estimates |
| Trailing twelve-month ratio set | Quick ratio: 0.96; Current ratio: 0.96; Debt to equity: -9.07; Net margin: -8.7%; Gross margin: 47.8%; Operating margin: -3.4%; Return on assets: -3.3%; Return on equity: -52.1% Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm |
| Recent dividends paid | Captured record · 4 entries
Declared amounts per share on their ex-dates. A single payment does not establish an annual rate, and a special dividend is not separated here. | 2022-08-29 | FMP | Financial Modeling Prep (FMP) dividend history |
| Insider transactions, last 180 days | Net shares: 506,813; Window days: 180; Price low: $6.08; Clustered days: 2026-05-21; Price high: $10.34; Buy transactions: 1; Distinct insiders: 12; Sell transactions: 0; Other transactions: 13; Total transactions: 14; Other transaction types: G-Gift: 2, A-Award: 10, F-InKind: 1; Unknown direction transactions: 0 Purchase and sale counts require explicit provider transaction types, without a conflicting acquisition/disposition direction. Other transactions retain their provider type; awards, exercises, gifts and in-kind transactions are not counted as purchases or sales. Net shares sums acquired minus disposed shares across direction-known records, including other transaction types; unknown directions are excluded. It is not net purchases or a verified change in beneficial ownership. Named-insider counts, same-day clusters and positive reported prices cover all retained records. Filing dates are used only when transaction dates are absent. Neither timing nor price establishes motive or whether a transaction was on the open market. | 2026-08-06 | FMP | Financial Modeling Prep (FMP) insider transactions, from Form 4 filings |
| Institutional ownership (13F) | Holders: 656; Quarter: 2026-06-30; Ownership: 74.2%; Holders previous quarter: 624; Ownership previous quarter: 68.9 13F filings are quarterly and lag the quarter end by up to 45 days. | 2026-06-30 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings |
Data provided for informational purposes only.
ETFs that hold LUMN
Funds in our ETF coverage that list LUMN among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.
| ETF | Weight | Holdings as of |
|---|---|---|
| QSY ETF | 1.39% |