Lumen outlines $1B-$1.5B pretax net copper proceeds over 5 years while reaffirming $3.1B-$3.3B adjusted EBITDA outlook (NASDAQ:LUMN)

Lumen Technologies reported Q3 2026 earnings, highlighting 10% growth in strategic revenues to $1.28B, driven by AI and NaaS. Legacy revenues declined 8% to $1.07B. Total revenue fell 12% YoY to $2.72B, missing estimates. CEO Kate Johnson emphasized innovation and decommissioning legacy copper infrastructure. The company signed $700M in Private Connectivity Fabric deals, bringing total to $13.5B. Stock fell 5.89% in after-hours trading.

Lumen (LUMN) reported Q3 2026 revenue of $2.72 billion, matching estimates, and adjusted EPS of -$0.14, beating estimates by 41%. Adjusted EBITDA was $715 million, a 3.9% beat. Full-year EBITDA guidance is in line with estimates. Operating margin and free cash flow declined year-on-year.

Lumen Technologies, Inc. (LUMN) filed an SEC Form 8-K — Results of Operations and Financial Condition. NEWS RELEASE Lumen Technologies Reports Solid Third Quarter 2026 Results; Strategic Growth and Operating Leverage Gain Momentum Company delivers 10% year-over-year Strategic revenue growth, remains on track for adjusted EBITDA inflection, and advances its transformation DENVER, N

Lumen Technologies (LUMN) reported Q3 2026 results missing expectations, with a loss of -$0.26 per share vs. -$0.22 estimate and revenue of $2.72B vs. $2.73B estimate. Strategic revenue grew 10% YoY to $1.28B. The company reiterated full-year guidance, projecting adjusted EBITDA of $3.1B-$3.3B and Free Cash Flow of $1.9B-$2.1B. Shares rose 1.3% in after-hours trading after a 5.89% drop in regular trading.

Lumen reported a net loss of $265 million for Q3 2026, a narrower loss than the previous year, with revenue falling 12% to $2.72 billion. Strategic revenue grew 10% year-over-year, accounting for 55% of business revenue. The company highlighted growth in digital platform adoption and strategic sales, with plans to modernize its portfolio and reduce legacy costs.

Lumen Technologies, Inc. has filed a Form 25 notice with the SEC, indicating its intention to voluntarily delist from the New York Stock Exchange. The company, based in Monroe, Louisiana, has complied with the exchange's rules and SEC regulations for this withdrawal. The delisting is expected to occur on October 5, 2026, according to the filing.