Lumen Technologies stock tracks Q3 growth as revenue falls 12%
Published on 11/10/2026 at 22:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth strategy meets revenue pressure
- Strategic revenue expanded as Lumen continued shifting its business toward higher-growth network services.
- Management kept the 2026 financial outlook unchanged while targeting a return to business revenue growth in 2028.
Lumen Technologies reported third-quarter results on November 4, 2026, with strategic revenue growth offset by continued pressure on the legacy business. The company said its 2026 financial outlook remains unchanged in its official earnings release.
Lumen Technologies stock traded at 4.21 euros on Lang & Schwarz at 22:33 CET on Tuesday, November 10, 2026.
Strategic revenue gains ground
Strategic revenue rose 10 percent year over year to 1.279 billion US dollars and represented 55 percent of business revenue. The company also reported more than 4,000 customers on its Network-as-a-Service platform, while active customers increased 24 percent sequentially.
Total revenue fell 12 percent to 2.715 billion US dollars in the third quarter. Lumen reported a net loss of 265 million US dollars, compared with a net loss of 621 million US dollars a year earlier. Diluted loss per share narrowed to 0.26 US dollars from 0.62 US dollars.
Outlook remains unchanged
Adjusted EBITDA excluding special items reached 715 million US dollars, compared with 787 million US dollars a year earlier. Free cash flow excluding special items was negative 76 million US dollars, while the reported figure was negative 354 million US dollars.
For 2026, management continues to expect adjusted EBITDA excluding special items of 3.1 billion to 3.3 billion US dollars and free cash flow excluding special items of 1.9 billion to 2.1 billion US dollars. Lumen also continues to target a return to business revenue growth in 2028.
Lumen Technologies at a glance
- Company: Lumen Technologies, Inc.
- ISIN: US5502411037
- Ticker: LUMN
- Listing: Nasdaq
- Lang & Schwarz price: 4.21 euros at 22:33 CET on November 10, 2026
- Sector: Communication Services
US telecommunications shares remain sensitive to interest rates, debt levels and spending on network infrastructure. The S&P 500 market environment therefore remains relevant for the broader setting.
