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Lumen Technologies
(NYSE:LUMN)
Lumen Technologies (LUMN) vs. SPDR S&P 500 ETF (SPY)
Lumen Technologies Business Overview & Revenue Model
Lumen Technologies Earnings Call Summary
Lumen Technologies Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.69B | 13.11B | 14.56B | 17.48B | 19.69B | 20.71B |
| Gross Profit | 4.59B | 6.41B | 7.41B | 9.61B | 11.20B | 11.78B |
| EBITDA | 1.23B | 4.10B | -6.09B | 3.58B | 8.52B | 5.90B |
| Net Income | -1.65B | -55.00M | -10.30B | -1.55B | 2.03B | -1.23B |
Balance Sheet | ||||||
| Total Assets | 34.29B | 33.50B | 34.02B | 45.58B | 57.99B | 59.39B |
| Cash, Cash Equivalents and Short-Term Investments | 2.40B | 1.89B | 2.23B | 1.25B | 354.00M | 406.00M |
| Total Debt | 17.95B | 19.12B | 20.26B | 20.92B | 29.37B | 32.22B |
| Total Liabilities | 35.46B | 33.03B | 33.60B | 35.14B | 46.15B | 48.23B |
| Stockholders Equity | -1.17B | 464.00M | 417.00M | 10.44B | 11.84B | 11.16B |
Cash Flow | ||||||
| Free Cash Flow | 1.23B | 1.10B | -940.00M | 1.72B | 3.60B | 2.79B |
| Operating Cash Flow | 4.86B | 4.33B | 2.16B | 4.74B | 6.50B | 6.52B |
| Investing Cash Flow | -3.50B | -2.83B | -1.20B | 5.48B | -2.71B | -3.56B |
| Financing Cash Flow | -1.60B | -1.85B | -18.00M | -9.31B | -3.81B | -4.25B |
Lumen Technologies Technical Analysis
Lumen Technologies Risk Analysis
Lumen Technologies Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $5.18B | 11.85 | 7.38% | 5.52% | 19.25% | 5.69% | |
| ― | $4.12B | 7.27 | 27.07% | 8.58% | 0.35% | 19.08% | |
| ― | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
| ― | $4.23B | -160.43 | -0.54% | 46.82% | -3.65% | -134.04% | |
| ― | $5.06B | -341.95 | -0.27% | 1.91% | 3.89% | -107.44% | |
| ― | $10.54B | ― | ― | ― | -6.50% | 43.47% | |
| ― | $4.17B | ― | -0.81% | 0.41% | -5.62% | 80.09% |
Lumen Technologies Corporate Events
On September 29, 2025, Lumen Technologies announced the successful repricing of Level 3 Financing’s $2.4 billion credit facilities, reducing annual interest expenses by $24 million. This move, along with raising $425 million in First Lien Notes to refinance higher coupon debt, is part of Lumen’s strategy to reduce debt, extend maturities, and focus on investments in digital networking services for the AI economy, thereby enhancing its financial flexibility and market position.
The most recent analyst rating on (LUMN) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Lumen Technologies stock, see the LUMN Stock Forecast page.
On September 9, 2025, Andrea Genschaw resigned as Chief Accounting Officer and Controller of Lumen Technologies, effective September 23, 2025, to become CFO at another company. Her departure was amicable and aligned with the company’s succession plan. On September 12, 2025, Donald Holt was appointed as her successor, effective the same date. Holt, who has been with the company since 2023, has held various finance roles and will receive a revised compensation package, including salary and incentive increases.
The most recent analyst rating on (LUMN) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on Lumen Technologies stock, see the LUMN Stock Forecast page.
On September 8, 2025, Level 3 Financing, a subsidiary of Lumen Technologies, completed an offering of $425 million in additional 7.000% First Lien Notes due 2034. The proceeds will be used to redeem existing higher-interest notes and cover related expenses, potentially improving the company’s financial structure by lowering interest obligations and enhancing its debt profile.
The most recent analyst rating on (LUMN) stock is a Hold with a $4.09 price target. To see the full list of analyst forecasts on Lumen Technologies stock, see the LUMN Stock Forecast page.
On September 4, 2025, Lumen Technologies announced that its subsidiary, Level 3 Financing, plans to offer an additional $425 million of 7.000% First Lien Notes due 2034 in a private offering. The proceeds will be used to redeem existing notes and cover related expenses. Additionally, Lumen expects to amend its New Credit Agreement to establish a new tranche of term loans and make other adjustments, though this is subject to market conditions.
The most recent analyst rating on (LUMN) stock is a Hold with a $4.09 price target. To see the full list of analyst forecasts on Lumen Technologies stock, see the LUMN Stock Forecast page.
On August 18, 2025, Level 3 Financing, a subsidiary of Lumen Technologies, completed a $2 billion offering of 7.000% First Lien Notes due 2034. The proceeds were used to redeem existing notes and reduce interest expenses, aligning with Lumen’s strategy to simplify its capital structure, extend maturities, and enhance financial flexibility. This move is expected to strengthen Lumen’s position in delivering high-performance digital network services, crucial for enterprises and public sector organizations in the AI-driven economy.
The most recent analyst rating on (LUMN) stock is a Sell with a $2.00 price target. To see the full list of analyst forecasts on Lumen Technologies stock, see the LUMN Stock Forecast page.
On August 4, 2025, Lumen Technologies announced that its subsidiary, Level 3 Financing, planned a private offering of $2 billion in First Lien Notes due 2034, an increase from the initially proposed $1.25 billion. The proceeds will be used to redeem existing notes and pay related expenses, impacting the company’s financial structure and stakeholder interests.
The most recent analyst rating on (LUMN) stock is a Sell with a $2.00 price target. To see the full list of analyst forecasts on Lumen Technologies stock, see the LUMN Stock Forecast page.
Lumen Technologies’ Recent Earnings Call Reveals Optimistic Outlook Amidst Challenges
Lumen Technologies, Inc. is a telecommunications company that provides networking services, data transport, and digital solutions, focusing on connecting people, data, and applications securely and efficiently. In the second quarter of 2025, Lumen Technologies reported strong revenue and adjusted EBITDA despite a significant one-time revenue giveback related to the FCC’s Rural Digital Opportunity Fund. A notable highlight was the announcement of an agreement to sell its consumer fiber business to AT&T for $5.75 billion, which will allow Lumen to focus more on its enterprise segment and enhance financial flexibility. The company also completed a $2 billion bond offering, extending maturities to 2033 and reducing annual interest expenses by approximately $50 million. Key financial metrics for the quarter included a net loss of $915 million, impacted by a $628 million non-cash goodwill impairment charge, and adjusted EBITDA of $877 million. Despite a decrease in total revenue to $3.092 billion from $3.268 billion in the same quarter of the previous year, Lumen reported an increase in net cash provided by operating activities to $570 million. Looking ahead, Lumen Technologies’ management remains optimistic about future growth, emphasizing the company’s transformation strategy and modernization efforts, which are expected to position it at the high end of its full-year adjusted EBITDA guidance.
On July 31, 2025, Lumen Technologies reported its second quarter 2025 results, highlighting strong revenue and Adjusted EBITDA despite a significant net loss due to a non-cash goodwill impairment charge. The company announced the sale of its consumer fiber business to AT&T for $5.75 billion, aiming to sharpen its enterprise focus and improve financial flexibility. Lumen also completed a $2 billion bond offering to extend debt maturities and reduce interest expenses, while increasing its cost-reduction target to support growth reinvestment.
The most recent analyst rating on (LUMN) stock is a Sell with a $2.00 price target. To see the full list of analyst forecasts on Lumen Technologies stock, see the LUMN Stock Forecast page.