Lumen Technologies reported a second-quarter 2026 adjusted loss of 7 cents per share, narrower than the Zacks Consensus Estimate of a loss of 15 cents. Quarterly total revenues were $2.805 billion, down 9.3% year over year but topping the consensus estimate by 2%. Strategic revenues reached 53% of total business revenues, up from 51% in the first quarter, and grew 14.1% year over year to $1.289 billion, while legacy revenues declined 15.1% to $1.155 billion. The company reiterated its full-year 2026 outlook, projecting adjusted EBITDA excluding special items between $3.1 billion and $3.3 billion, capital expenditures excluding special items between $3.2 billion and $3.4 billion, and free cash flow between $1.9 billion and $2.1 billion.
Lumen Technologies IncNarrower-than-expected Q2 loss and revenue beat, with reiterated full-year outlook.
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