Short answer
Lumen Technologies, Inc. (LUMN) filed its Q1 2026 10-Q quarterly report on May 5, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $2.6B (down 10.8% year over year) with net income of −$200M.
Q1 2026 key financials · XBRL
- Revenue
- $2.6B
- −10.8% YoY
- Net income
- −$200M
- +0.5% YoY
- Operating margin
- 23.2%
- EPS (diluted)
- −$0.20
- +0.0% YoY
Source: XBRL data from the Lumen Technologies, Inc. (LUMN) Q1 2026 10-Q on SEC EDGAR. USD.
Lumen Technologies, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Operating revenue $2,899M, down 9% YoY from $3,182M
- Effective tax rate 213.0% vs 18.0% YoY; net loss $200M vs $201M
- Best segment Strategic revenue $1,246M, up 9% YoY; worst Fiber Broadband $92M, down 56%
- Operating cash flow $1,323M vs $1,095M; $4.8B divestiture proceeds applied to debt repayment
- Cash $1.6B, debt $13.1B; expected capital expenditures $3.2–$3.4B over next 12 months
Risk Factors
- Acquisition risk expanded to include Alkira, with failure to close potentially causing material adverse effects
- Regulatory risk from required approvals could prevent completion of Alkira acquisition
- Integration risk includes systems, controls, reporting, personnel retention and realization of anticipated synergies
- Financing risk from acquisitions could increase indebtedness, interest expense and restrictive covenants
- Transition-services risk from sellers could impair administrative, financial-reporting and internal-control support
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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