Nov 4, 4:17 PM ET
Lumen Technologies reported third-quarter 2026 results on November 4, 2026. Revenue fell 12% year over year to $2.72 billion, while the net loss narrowed to $265 million from $621 million, and Strategic revenue grew 10% to $1.28 billion. The company reiterated its full-year 2026 outlook, which matters to shareholders because the profit improvement came alongside lower revenue and adjusted EBITDA.
- Total revenue was $2.715 billion versus $3.087 billion a year earlier; Mass Markets revenue fell to $369 million from $631 million.
- Diluted loss per share was $0.26 versus $0.62; excluding special items, it was $0.14 versus $0.20.
- Adjusted EBITDA excluding special items was $715 million versus $787 million in the third quarter of 2025.
- The 2026 outlook was reiterated, including adjusted EBITDA excluding special items of $3.1 to $3.3 billion and free cash flow excluding special items of $1.9 to $2.1 billion.
Read the filing on SEC.gov ↗
Oct 23, 4:08 PM ET
Lumen Technologies amended its executive severance arrangements on October 22, 2026, moving its CEO Kate Johnson and other named executive officers into a new Lumen Executive Severance Plan and terminating their individual change of control agreements with their consent. The company said the changes simplify administration and did not materially change severance or change-in-control benefits, though Ms. Johnson's restated agreement conforms certain terms and removes a non-competition covenant to comply with a Washington state law effective June 30, 2027.
- Kate Johnson's non-CIC severance is 104 weeks of base salary plus target annual bonus, per the restated agreement dated October 22, 2026.
- CIC severance for Ms. Johnson is 2.5 times the sum of base salary and target annual bonus, within 24 months after a change in control.
- The company says benefits are substantially the same as under the prior plan, and no excise tax gross-up is provided.
- Ms. Johnson's non-competition covenant is removed to comply with Washington Engrossed Substitute House Bill 1155, effective June 30, 2027.
Read the filing on SEC.gov ↗
Sep 25, 8:39 AM ET
Lumen Technologies said its board approved transferring the listings of its common stock and two Qwest Corporation notes from the New York Stock Exchange to Nasdaq. The company says the transfer is not expected to affect its operations, financial condition, or reporting obligations, and shareholders need not take any action.
- The NYSE listing is expected to end at the close of trading on October 5, 2026, and Nasdaq listing is expected to begin at the opening of trading on October 6, 2026.
- Common stock is expected to keep the ticker LUMN; Qwest 6.500% Notes due 2051 and 6.750% Notes due 2052 are expected to keep the symbols CTGG and CTHH.
- CEO Kate Johnson said the move aligns the listing with Lumen's strategic priorities as it transforms into an enterprise networking company for AI.
Read the filing on SEC.gov ↗
Aug 4, 4:16 PM ET
Lumen Technologies reported second quarter 2026 results with total revenue of $2.805 billion, down 9% from $3.092 billion a year earlier, and a net loss of $201 million, compared with $915 million a year earlier. Adjusted EBITDA excluding special items fell to $802 million from $877 million, and the company reiterated its full-year 2026 outlook. The filing also disclosed the closing of the Alkira acquisition and the appointment of John Hinshaw to the board.
- Total revenue was $2.805 billion, down from $3.092 billion, with Mass Markets revenue falling to $361 million from $602 million
- Diluted loss per share was $(0.20), compared with $(0.92) a year earlier; excluding special items, it was $(0.07) versus $(0.03)
- Full-year 2026 outlook was reiterated, including adjusted EBITDA excluding special items of $3.1 to $3.3 billion and free cash flow excluding special items of $1.9 to $2.1 billion
- John Hinshaw was appointed to the board effective immediately, with a prorated restricted stock unit grant valued at a target of $176,250
Read the filing on SEC.gov ↗
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