$LUMN

Lumen Technologies (LUMN) is expanding its Multi-Cloud Gateway service to over 10 million U.S. business locations, enabling enterprises to connect to private, high-performance cloud networking. The expansion aims to simplify multi-cloud connectivity for AI applications, reduce complexity, and streamline operations. LUMN reports $13 billion in Private Connectivity Fabric (PCF) deals and targets $1 billion in cost reductions by 2027. Strategic revenues increased to 53% of total business revenues i

Lumen Technologies said on its Q2 earnings call (Aug 4) that strategic revenue rose 14% year over year to 53% of total revenue. The company reported legacy revenue down 15% and forecast $700m annual savings by end of 2024 and $1bn next year from modernization. Lumen is integrating Alkira to expand carrier-agnostic programmable network services, citing AI-driven connectivity demand.

Lumen Technologies (LUMN) shares rose about 4.8% after its Q2 update, which reported $2.805B revenue, $971M net cash from operations, and $327M free cash flow excluding special items. The adjusted loss per share was $0.07. Lumen also said it closed the Alkira acquisition and has 3,000+ Network-as-a-Service customers, reiterated its 2026 outlook, and cited AI-networking progress.

Lumen Technologies says it is repositioning around AI connectivity, citing 17m strand miles of US fiber today and plans for 40m more by 2031, plus growth in 100G/400G wavelength services. It reports “strategic” revenue up 14% YoY to 53% of sales and NaaS doubling to 2,000+ enterprises. Lumen also finalized a $475m Alkira deal to advance programmable networking.

Lumen Technologies, citing its Q2 results and comments from Aug. 4, said strategic revenue rose 14% year over year to 53% of total revenue. The company plans to add 40 million miles of fiber in the US by 2031 and integrate Alkira into Lumen Connect to offer programmable, carrier-agnostic network control. Lumen said legacy revenue fell 15% and expects $700m annual savings by year-end.

Lumen (LUMN) Q2 results showed sales declining more than expected, though revenue and non-GAAP earnings beat Wall Street. Management cited progress shifting revenue toward strategic and digital services, including NaaS growth and early Alkira integration. Analysts asked about Alkira’s revenue impact, digital ramp, legacy declines, CapEx, and deal funnel/pricing.

Lumen Technologies said it extended its cloud modernization partnership with Amdocs to use Amdocs’ aOS to migrate Lumen’s enterprise service orchestration platform to AWS. Lumen also reported its new business segment grew 14% YoY to $1.3B in Q2, while legacy revenue fell 15% to $1.2B. CEO Kate Johnson bought 100,000 shares at about $6.13.

Midday movers included SpaceX (+12%) after insider lock-up provisions expired, and Coherent (+16%) on a Reuters report that the Trump administration is drafting a ban on imports of Chinese data center components. Under Armour fell after lowering revenue guidance. Twilio surged; Atlassian jumped after earnings. Microchip, Doximity, Airbnb rose; Trade Desk fell; Cloudflare and Akamai moved on earnings and guidance.

Simply Wall St reports Lumen Technologies (LUMN) Q2 2026 results: revenue fell to $2,805m from $3,092m, while net loss narrowed to $201m from $915m. Loss per share was $0.20 vs $0.92. Shares reportedly fell 10% weekly and 30% over three months. The article discusses an AI networking pivot and valuation views, including a $10 fair value narrative.

Lumen Technologies (LUMN) reported Q2 results with year-over-year revenue decline to $2.8B, while net loss narrowed and adjusted EBITDA and free cash flow beat expectations, according to the company. It reaffirmed full-year guidance. Lumen said strategic revenue rose above half after its Alkira acquisition. CEO bought 100,000 shares; analysts’ median price target is $8.5.