Lumen Technologies, Inc. (LUMN) Stock Price & Analysis
Lumen Technologies, Inc. (LUMN) closed at USD 4.79 on Thursday, October 29, 2026, down 0.21% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 4.8; the Oct 29, 2026 session ranged USD 4.65–4.84 on volume of 12,218,187 shares. Market capitalization is $4.94B, with a 52-week range of USD 4.25–11.95 (NMS). Source: Nexqual, retrieved October 29, 2026 at 21:35 UTC.
Also available as compact Markdown for AI agents: nexqual.com/LUMN.md
Key facts (LUMN)
- Last four reported quarters (through Jun 30, 2026): revenue $11.8B, net income -$1.02B (-8.7% margin), free cash flow $837M (SEC filings).
- 1 of 80 tracked superinvestors hold LUMN (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $613K; 1 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 3.00 on a 1–5 scale) (10 analysts), mean target USD 7.49 (range 5.9–9).
- Total return with dividends: 1Y -53.7% vs S&P 500 +14.4%; 5Y -56.0% vs S&P 500 +79.1%.
- Next earnings: 2026-11-04, EPS estimate USD -0.24, revenue estimate $2.73B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (LUMN)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $19.7B | $17.5B | $14.6B | $13.1B | $12.4B | $11.8B |
| Gross profit | $11.2B | $9.61B | $7.41B | $6.41B | $5.76B | — |
| Operating income | $4.29B | $95.0M | -$9.58B | $460M | -$812M | $198M |
| Net income | $2.03B | -$1.55B | -$10.3B | -$55.0M | -$1.74B | -$1.02B |
| EPS (diluted) | $1.91 | -$1.54 | -$10.48 | -$0.06 | -$1.75 | — |
| Free cash flow | $3.60B | $1.72B | -$940M | $1.10B | $371M | $837M |
| Gross margin | 56.9% | 55.0% | 50.9% | 48.9% | 46.5% | — |
| Operating margin | 21.8% | 0.5% | -65.8% | 3.5% | -6.5% | 1.7% |
| Net margin | 10.3% | -8.9% | -70.7% | -0.4% | -14.0% | -8.7% |
| Revenue growth | -4.9% | -11.2% | -16.7% | -10.0% | -5.4% | — |
| Cash + short-term investments | $354M | $1.25B | $2.23B | $1.89B | $1.00B | — |
| Total debt | $29.2B | $20.7B | $20.1B | $18.5B | $17.8B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (LUMN)
P/S 0.4x · EV/EBITDA 5.7x · EV/Sales 1.4x · P/FCF 5.9x · FCF yield 16.94% · Earnings yield -20.73% · Net debt $11.5B · EV $16.4B
Superinvestors (SEC 13F-HR, Q2 2026) (LUMN)
1 of 80 tracked investors hold LUMN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Van Den Berg Management I | 3.87% | $18.3M | Reduced -1.8% |
Insider purchases (SEC Form 4, open-market, last ~7 months) (LUMN)
1 purchase, $613K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-06 | Johnson Kathleen E | Chief Executive Officer | 100,000 | $613K | 6.13 | Opportunistic (traded every year 2023–2025, no repeating month) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (LUMN)
Consensus Hold (mean 3.00 on a 1–5 scale), 10 analysts; mean target USD 7.49 (low 5.9, high 9).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-11 | Citigroup | Target lowered | Neutral | $10 → $8.25 |
| 2026-08-05 | Goldman Sachs | Target lowered | Neutral | $8.5 → $7.25 |
| 2026-08-05 | Wells Fargo | Target lowered | Equal-Weight | $9 → $7.5 |
Total return (dividends reinvested) (LUMN)
| 1Y (from 2025-10-30) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -53.7% | -56.0% |
| S&P 500 (SPY) | +14.4% | +79.1% |
| Per year | -53.8% | -15.1% |
| Volatility (annualized) | 73.5% | 76.7% |
| Max drawdown | -62.5% (Nov 2025→Oct 2026) | -92.1% (Nov 2021→Jul 2024) |
LUMN earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 4, 2026 | Quarter ended Jun 30, 2026 | −$0.07 | −$0.14 | Beat +50.0% | -5.7% |
| May 5, 2026 | Quarter ended Mar 31, 2026 | −$0.47 | −$0.12 | Miss −291.7% | +5.1% |
| Feb 3, 2026 | Quarter ended Dec 31, 2025 | $0.23 | −$0.27 | Beat +$0.50 | -25.8% |
| Oct 30, 2025 | Quarter ended Sep 30, 2025 | −$0.20 | −$0.27 | Beat +25.9% | -6.5% |
| Jul 31, 2025 | — | — | — | — | -16.8% |
| May 1, 2025 | — | — | — | — | +6.8% |
| Feb 4, 2025 | — | — | — | — | +2.1% |
| Nov 5, 2024 | — | — | — | — | +20.6% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
LUMN recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 23, 2026 | 8-K | Director or executive officer change, or pay arrangement “(e) Adoption of the Lumen Executive Severance Plan In an effort to simplify the administration of its executive and broad-based severance programs, on October 22, 2026, Lumen Technologies, Inc. (the "Company") amended the Lumen Executive Severance Plan (the "Prior Plan") to remove, among others, the Company's Chief Executive Officer, Kate Johnson, and its other named executive officers (the "Participating Officers") as participants, renamed the Prior Plan as the "Lumen Severance Plan," and, with the consent of…” |
| Sep 25, 2026 | 8-K | Delisting notice or listing-rule failure; Regulation FD disclosure “On September 25, 2026, Lumen Technologies, Inc. (the "Company"), acting pursuant to authorization from its board of directors, notified the New York Stock Exchange (the "NYSE") of its intention to voluntarily de-list (i) the Company's common stock, no par value per share (the "Common Stock") and the associated preferred stock purchase rights, and (ii) the 6.500% Notes due 2051 and the 6.750% Notes due 2052 (the "Notes" and together with the Common Stock, the "Securities") issued by Qwest Corporation ("Qwest"), a…” |
| Aug 4, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 4, 2026 | 8-K | Quarterly results; Director or executive officer change, or pay arrangement; Regulation FD disclosure “On August 4, 2026, the board of directors (the "Board") of the Company, on the recommendation of its nominating and corporate governance committee, appointed John Hinshaw to fill a vacancy on the Board. Mr. Hinshaw's appointment is effective immediately and he will serve until the Company's 2027 annual meeting of shareholders and until his successor is duly elected and qualified. The Board also appointed Mr. Hinshaw to its nominating and corporate governance committee and its risk and security committee. The Board…” |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
LUMN revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Reportable | $2.81B | 100.0% | -9.3% |
| Business | $2.16B | 77.1% | -4.0% |
| Mass Market | $344.0M | 12.3% | -44.1% |
| Total revenue | $2.81B | 100% | — |
LUMN revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Legacy | $1.12B | 39.8% | -15.0% |
| Strategic | $1.05B | 37.3% | +11.3% |
| Other Broadband | $176.0M | 6.3% | -20.4% |
| Voice & Other | $151.0M | 5.4% | -16.1% |
| Fiber Broadband | $17.0M | 0.6% | -92.1% |
| Total revenue | $2.81B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
LUMN suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Huawei | “Lumen has received requests from the following federal agencies for information relating to the use of equipment manufactured by Huawei Technologies Company ("Huawei") in Lumen's networks.” |
| Partner | Communications | “◦Communications (Voice over IP, "VoIP"): We offer a VoIP portfolio, including session initiation protocol ("SIP") trunking, and our Cloud Voice Solution, which combines hosted voice, SIP trunking, and branded collaboration.” |
Quoted from the company's 10-K filed Feb 20, 2026.
Companies that name LUMN in their SEC reports
| Relationship to LUMN | Company | Filing | Sentence |
|---|---|---|---|
| supplier | VIAVI SOLUTIONS INC. (VIAV) | 10-K Aug 13, 2026 | “Examples of our customers include Advanced Micro Devices, Inc., América Móvil, AT&T Inc., British Telecom Openreach, Ciena, Cisco Systems, Inc., Deutsche Telekom AG, Ericsson, Lumen Technologies, Inc., Nokia Corporation and Verizon Communications Inc.” |
| supplier | DYCOM INDUSTRIES INC (DY) | 10-K Mar 9, 2026 | “On February 2, 2026, AT&T Inc. completed its acquisition of substantially all of the mass markets fiber business from Lumen Technologies Inc. Since this transaction occurred subsequent to fiscal 2026, we have continued to report revenues for the mass markets fiber business under Lumen Technologies Inc. We believe that a substantial portion of our total contract revenues and operating income will continue to be gen…” |
| supplier | AKAMAI TECHNOLOGIES INC (AKAM) | 10-K Feb 20, 2026 | “We acquired certain customer contracts from Lumen Technologies, Inc. ("Lumen") in October 2023 and from StackPath, LLC ("StackPath") in August 2023.” |
| supplier | QWEST CORP (CTHH) | 10-K Feb 20, 2026 | “The Lumen and Qwest brand names, together with our corporate reputation, are critical assets that support our ability to attract and retain customers and employees.” |
LUMN company outlook (results filed Aug 4, 2026)
- “For the full year 2026, the Company currently expects certain expenses, which are reconciling items to net loss, to be in the ranges reflected above.”
Quoted word-for-word from the SEC 8-K results press release.
LUMN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.24 | $-0.15 | −$0.09 | $2.73B | 6 |
| Next quarter (ends Dec 2026) | $-0.13 | $-0.12 | −$0.01 | $2.70B | 6 |
| Current fiscal year (ends Dec 2026) | $-0.83 | $-0.80 | −$0.04 | $11.13B | 6 |
| Next fiscal year (ends Dec 2027) | $-0.29 | $-0.29 | $0.00 | $10.72B | 6 |
LUMN options: expected move
Options price a move of about ±16.5% (±$0.78) by Nov 6, 2026, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±11.2% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 1 | 120.6% | ±7.5% |
| Nov 6, 2026 | 8 | 136.0% | ±16.5% |
| Nov 13, 2026 | 15 | 91.1% | ±15.3% |
| Nov 20, 2026 | 22 | 68.0% | ±14.0% |
| Nov 27, 2026 | 29 | 79.2% | ±18.1% |
| Dec 4, 2026 | 36 | 82.3% | ±24.0% |
| Dec 11, 2026 | 43 | 157.2% | ±41.7% |
| Dec 18, 2026 | 50 | 68.7% | ±20.4% |
30-day implied volatility 77.3% vs 57.2% realized over the last 30 trading days. Put/call ratio (volume) 0.19. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 21:35 UTC)
| Price | USD 4.79 |
|---|---|
| Change | ▼ 0.21% (down) |
| Previous Close | USD 4.8 |
| Open | USD 4.78 |
| Day Range | USD 4.65 – 4.84 |
| 52-Week Range | USD 4.25 – 11.95 |
| Volume | 12,218,187 shares |
| Market Cap | $4.94B |
| Exchange | NMS |
Technical Analysis (LUMN)
Nexqual's technical model rates LUMN "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 29, 2026 at 21:35 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 35.96 (neutral) |
| vs SMA50 | Below (USD 5.75) |
| MACD | -0.35 (negative) |
Analyst Ratings (LUMN)
Wall Street analysts rate LUMN "Hold" based on 10 analysts, with a mean price target of USD 7.49 (range USD 5.9–9), per Nexqual as of October 29, 2026 at 21:35 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 10 |
| Mean Target | USD 7.49 |
| High Target | USD 9 |
| Low Target | USD 5.9 |
| Buy / Hold / Sell | 1 / 8 / 1 |
Earnings (LUMN)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD -0.24 |
| Revenue Estimate | $2.73B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.07 vs est -0.14 ▲ beat |
| 2026-03-31 | USD -0.47 vs est -0.12 ▼ miss |
| 2025-12-31 | USD 0.23 vs est -0.27 ▲ beat |
| 2025-09-30 | USD -0.2 vs est -0.27 ▲ beat |
Source: Nexqual, October 29, 2026 at 21:35 UTC.
Financials & Fundamentals (LUMN)
| Total Revenue | $11.83B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -9.30% |
| Gross Margin | +47.79% |
| Operating Margin | -2.89% |
| Profit Margin | -8.65% |
| Current Ratio | 0.96 |
| Total Cash | $1.88B |
| Total Debt | $13.50B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $837.00M (7.1% of revenue) |
Source: Nexqual, October 29, 2026 at 21:35 UTC.
Financial Health Score (LUMN)
Nexqual rates Lumen Technologies, Inc.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 21:35 UTC.
| Growth | Weak — Revenue -5% YoY (annual), declining |
|---|---|
| Profitability | Solid — Gross margin 48%, operating 2% (last 4 quarters to Jun 2026, SEC; the Mar 2026 quarter alone accounts for 304% of operating income) |
| Balance Sheet | Mixed — $1.88B cash and investments vs $13.3B debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $837M (last 4 quarters to Jun 2026, SEC), 7% margin |
| Efficiency | Critical — ROE not meaningful (negative equity); ROA -3.3% (last 4 quarters, SEC) |
Ownership (LUMN)
| Insider Ownership | +8.02% |
|---|---|
| Institutional Ownership | +72.57% |
| Shares Outstanding | 1.03B |
| Float | 948.50M |
| Short % of Float | +7.37% |
Source: Nexqual, October 29, 2026 at 21:35 UTC.
Leadership (LUMN)
Lumen Technologies, Inc. is led by Kathleen E. Johnson, CEO & Director, per Nexqual as of October 29, 2026 at 21:35 UTC.
| CEO & Director | Kathleen E. Johnson |
|---|---|
| President & CFO | Christopher David Stansbury |
| Executive VP and Chief Technology & Product Officer | James Robert Fowler |
| Senior Vice President of Investor Relation | James Dennis Breen Jr., C.F.A. |
| EVP and Chief Strategy & Marketing Officer | Ryan Asdourian |
Major Backers & Investors (LUMN)
Notable institutional backers of Lumen Technologies, Inc. include FMR, LLC, Fidelity, Shaw D.E. & Co., Inc., according to Nexqual as of October 29, 2026 at 21:35 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 4.39% |
| Fidelity | 2.23% |
| Shaw D.E. & Co., Inc. | 1.7% |
| Goldman Sachs | 1.65% |
| Charles Schwab Investment Management, Inc. | 1.55% |
| First Trust Exchange-Traded Fund II-First Trust Cloud Computing ETF | 1.49% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 13.79% |
| Vanguard Group | 10.04% |
| State Street | 4.65% |
| Geode Capital | 2.41% |
Source: Nexqual, October 29, 2026 at 21:35 UTC.
From Lumen Technologies, Inc.'s Latest SEC 10-K Filing (filed 2026-02-20)
Key Strengths & Strategy (as disclosed to the SEC)
- Private line service offers a high-speed, secure solution for frequent transmission of large amounts of data between sites, including wireless backhaul transmissions. •Other: Includes various other products and services, including: ◦Equipment: We sell and install certain communications equipment; ◦Managed and Professional Service Solutions: We craft technology solutions for our customers and often manage these solutions on an ongoing basis.
- We are subject to extensive regulation by the FCC and state commissions, including obligations under the Universal Service Fund programs.
- As a global service provider, we must comply with various jurisdictional data privacy regulations, including the EU's General Data Protection Regulation ("GDPR") and similar data privacy laws adopted in other jurisdictions of our international markets.
- Our platform empowers our customers to swiftly adjust digital programs to meet immediate demands, create efficiencies, accelerate market access, and reduce costs, which allows our customers to rapidly evolve their IT programs to address dynamic changes.
Partnerships
- We collaborate cross-functionally to implement our sustainability strategy in partnership with our Board of Directors and senior leadership.
- Our tools, technology and hands-on expertise provide the ability to design, deploy and evolve with business needs while maintaining complete visibility, security and control; ◦Unified Communications and Collaboration ("UC&C"): We provide access to various unified communications platforms.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to numerous data privacy and security laws, including recently enacted or strengthened requirements in the EU and certain U.S. states. These laws are complex, frequently change, and often conflict across jurisdictions. Customers may impose additional requirements. Noncompliance could result in substantial penalties and reputational damage.
- We may face legal and reputational risks related to third-party content on our network.
- Our pending legal proceedings could have a material adverse impact on us.
- We may not be successful in protecting and enforcing our intellectual property rights.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SKM | SK Telecom Co., Ltd. | USD 31.12 | ▼ 2.2% |
| TIGO | Millicom International Cellular | USD 79.9 | ▲ 0.3% |
| TU | Telus Corporation | USD 8.67 | ▲ 1.4% |
| CHTR | Charter Communications, Inc. | USD 109 | ▲ 3.43% |
| RCI | Rogers Communication, Inc. | USD 31.47 | ▲ 0.54% |
| VIV | Telefonica Brasil S.A. | USD 11.44 | ▲ 0.18% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 21:35 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt