The financials
Lumen Technologies, Inc. by the numbers
Lumen Technologies, Inc. (LUMN) reported revenue of $2.90B in Q1 2026 (quarter ended March 31, 2026), down 8.9% from the same quarter a year earlier. That came with a gross margin of 51% and net loss of $200M. For the full year FY2025, revenue was $12.4B (−5.4% year on year) and net income −$1.74B. Its largest product in 2026-Q2 was Strategic at $556M, 48% of the disclosed total, just ahead of Legacy at 21%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $2.90B | $3.18B | −8.9% |
| Gross profit | $1.46B | $1.50B | −2.1% |
| Operating income | $602M | $107M | +463% |
| Net income | −$200M | −$201M | n/a |
| Diluted EPS | −$0.20 | −$0.20 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Strategic | $556M | 48% |
| Legacy | $238M | 21% |
| Other Broadband | $192M | 17% |
| Voice And Other | $152M | 13% |
| Fiber Broadband | $17M | 1.5% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $1.16B (-6.3%)
Strategic grew +16% year on yearFiber Broadband -92% year on year
Segment Latestquarter on quarteryear on year
- Strategic$556.0M$556.0MQoQ +3.9%year on year +16%+3.9%+16%
- Legacy$238.0M$238.0MQoQ -2.1%year on year -17%-2.1%-17%
- Other Broadband$192.0M$192.0MQoQ -6.3%year on year -22%-6.3%-22%
- Voice And Other$152.0M$152.0MQoQ -3.8%year on year +8.6%-3.8%+8.6%
- Fiber Broadband$17.0M$17.0MQoQ -82%year on year -92%-82%-92%
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