Lumen Technologies — Third Quarter 2026 Earnings Summary

Lumen Technologies reported third-quarter 2026 total revenue of $2.715 billion, with strategic revenue growing 10% year-over-year to $1.28 billion. The company posted a net loss of $265 million and adjusted EBITDA of $715 million, excluding special items, while maintaining a focus on its Network-as-a-Service platform which now serves over 4,000 customers. Management reiterated its full-year 2026 outlook, projecting adjusted EBITDA excluding special items between $3.1 billion and $3.3 billion and free cash flow excluding special items between $1.9 billion and $2.1 billion.