LUMN

DENVER, May 20, 2026--(BUSINESS WIRE)--Lumen Technologies, Inc. ("Lumen," "us," "we" or "our") (NYSE: LUMN) today announced the early results of the previously announced cash tender offers (each, a "Tender Offer") pursuant to which Level 3 Financing, Inc. ("Level 3 Financing"), Lumen and Qwest Capital Funding, Inc. ("QCF", together with Level 3 Financing and Lumen, each an "Offeror", and collectively, the "Offerors") are offering to purchase the outstanding notes described below, pursuant to, and on the terms and subject to the conditions set forth in, an Offer to Purchase, dated May 6, 2026 (the "Statement"). Capitalized terms used and not defined in this press release have the meanings given to them in the Statement. The notes offered to be purchased in the Tender Offers, listed in the order of priority, are (i) Level 3 Financing’s outstanding 4.250% Senior Notes due 2028, 3.625% Senior Notes due 2029, 3.750% Sustainability-Linked Senior Notes due 2029, 3.875% Senior Secured Notes due 2029 (formerly secured), 4.875% Second Lien Notes due 2029 (formerly secured), 4.500% Second Lien Notes due 2030 (formerly secured), 3.875% Second Lien Notes due 2030 (formerly secured), and 4.000% Second Lien Notes due 2031 (formerly secured) (collectively, the "Level 3 Notes"), (ii) Lumen’s outstanding 6.875% Debentures, Series G, due 2028, 4.500% Senior Notes due 2029, and 5.375% Senior Notes due 2029 (collectively, the "Lumen Notes"), and (iii) QCF’s outstanding 6.875% Notes due 2028 (the "QCF Notes", and together with the Level 3 Notes and the Lumen Notes, the "Existing Group Tender Notes") up to an aggregate purchase price, excluding accrued and unpaid interest, of $750 million (the "Aggregate Maximum Tender Cap"). The Withdrawal Deadline has passed and the Existing Group Tender Notes tendered pursuant to the Tender Offers may no longer be withdrawn, except in the limited circumstances described in the Statement. As of 5:00 p.m. ET, on May 19, 2026 (the "Early Tender Deadline"), approximately $1,411.4 million aggregate principal amount of Existing Group Tender Notes were validly tendered and not validly withdrawn, and approximately $765.9 million have been accepted for purchase with Total Consideration up to the Aggregate Maximum Tender Cap, in each case as set forth in more detail in the table below. The settlement date for Existing Group Tender Notes validly tendered...

Amdocs recently reported past second-quarter 2026 results showing revenue of US$1,171.98 million versus US$1,128.20 million a year earlier, while net income eased to US$137.82 million from US$163.24 million and diluted EPS from continuing operations slipped to US$1.28 from US$1.45. Alongside these results, Amdocs highlighted growing traction for its new agentic operating system aOS and secured fresh multi-year modernization deals with telecom operators such as AT&T’s Cricket, Vodafone Ireland, Lumen, and Telefónica Móviles Argentina. We’ll now examine how Amdocs’ stronger-than-guided revenue and early aOS commercialization update influence the existing investment narrative for the company. We've uncovered the 13 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. To own Amdocs, you need to believe that telecoms will keep leaning on it for long, complex modernization and managed service projects, even as margins come under pressure. The latest quarter fits that picture: revenue modestly increased year on year and came in above guidance, but net income and EPS declined. For now, that supports the key near term catalyst of IT modernization demand, while reinforcing the main risk that earnings could stay pressured if large customers temper spending or renegotiate deals. Among the recent updates, the early commercialization of Amdocs’ agentic operating system aOS looks most relevant. Wins and expansions with operators such as AT&T’s Cricket, Vodafone Ireland, Lumen, and Telefónica Móviles Argentina tie the AI and automation story directly to large, multi year modernization programs. That progress speaks to the upside catalyst around cloud and AI driven projects, but also highlights execution risk as Amdocs scales complex deployments and depends on a relatively small set of major clients. Yet beneath the steady revenue prints, investors should be aware that rising AI and aOS investment could start to pressure margins if... Read the full narrative on Amdocs (it's free!) Amdocs' narrative projects $5.2 billion revenue and $806.7 million earnings by 2029. This requires 4.0% yearly revenue growth and about a $235.6 million earnings increase from $571.1 million today. Uncover how Amdocs' forecasts yield a $90.21 fair value, a 46% upside to its current price. Some of the most optimistic analysts were assuming Amdocs could lift ear...

Lumen’s first quarter performance saw stronger-than-expected revenue, with management attributing results to increased adoption of the company’s programmable network offerings and strong execution in enterprise and public sector markets. CEO Kathleen Johnson highlighted new customer wins, particularly in large-scale network-as-a-service (NaaS) deployments for financial and logistics clients, as key contributors. Johnson emphasized, “Programmable networks are essential in delivering AI-powered business transformation,” referencing robust growth in NaaS adoption and active service ports. CFO Christopher Stansbury pointed to improved revenue mix and reduced legacy service churn as additional tailwinds for the quarter. Is now the time to buy LUMN? Find out in our full research report (it’s free). Revenue: $2.90 billion vs analyst estimates of $2.83 billion (8.9% year-on-year decline, 2.3% beat) Adjusted EPS: -$0.47 vs analyst estimates of -$0.10 (significant miss) Adjusted EBITDA: $849 million vs analyst estimates of $791.3 million (29.3% margin, 7.3% beat) EBITDA guidance for the full year is $3.2 billion at the midpoint, in line with analyst expectations Operating Margin: 20.8%, up from 3.4% in the same quarter last year Market Capitalization: $8.59 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Michael Rollins (Citigroup) asked about the speed at which Alkira will accelerate digital product roll-out. CEO Kathleen Johnson said Alkira gives immediate access to faster-growing market segments and enables more efficient international expansion. Frank Louthan (Raymond James & Associates) questioned the duration of modernization costs and whether supply chain constraints were impacting wavelength services. CFO Christopher Stansbury said transaction-related costs should decline and highlighted strong adoption of RapidRoutes, with no major supply issues noted. Gregory Williams (TD Cowen) sought clarity on how Alkira integrates with previous initiatives like Project Berkeley. Johnson explained that Alkira focuses on East-West connectivity, complementing existing on-premise and cloud connection platforms. Michael Funk...

Amdocs (NASDAQ:DOX) released second-quarter financial results and hosted an earnings call on Wednesday. Read the complete transcript below. This content is powered by Benzinga APIs. For comprehensive financial data and transcripts, visit https://www.benzinga.com/apis/. The full earnings call is available at https://edge.media-server.com/mmc/p/c69qinae/ Amdocs reported a solid second quarter with revenue of $1.17 billion and non-GAAP diluted EPS of $1.78, both above the midpoint of guidance. The company is focusing on the 'Agentic Era,' aiming to transform IT and network ecosystems for communication service providers using AI technologies. Amdocs launched its Agentic Operating System (AOS) and secured initial commercial agreements with clients like Cricket, Lumen, and Bell Canada. The company reported year-over-year revenue growth in North America and record revenue in Europe and other regions. Amdocs is reiterating its revenue growth guidance of 2% to 4% and EPS growth of 5% to 7% for the full fiscal year 2026. Management announced a CFO transition, with Tal Rosenfeld succeeding Tamar Rapoport, who is retiring after 22 years with the company. The company plans to evolve its product portfolio to be more agentic and automated, partnering with AI and cloud partners to achieve this vision. OPERATOR Thank you for standing by and welcome to the Amdocs second quarter 2026 earnings conference call. At this time all participants are in listen only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you'll need to press star 11 on your telephone. If your question has been answered and you'd like to remove yourself from the queue, simply press star 11 again. As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, Matt Smith, Head of Investor Relations. Please go ahead sir. Matt Smith (Head of Investor Relations) Thank you, John, before we begin, I need to call your attention to our disclaimer statement on Slide two of the presentation. It notes that some of our comments today may be forward looking statements and are subject to risks, uncertainties and other important factors including as described in AMDOCS SEC filings and that we will discuss certain financial information that is not prepared in accordance with GAAP. For more information rega...

TELUS Corporation TU reported first-quarter 2026 adjusted earnings per share (EPS) of C$0.23, down from C$0.26 a year ago. Quarterly total operating revenues decreased around 1% year over year at C$5,013 million. The company’s operating revenues (from contracts with customers) were C$4,989 million, compared with C$5,081 million in the same period last year. TELUS delivered total mobile and fixed customer growth of 262,000 during the first quarter, driven by 12,000 additions in mobile phones, 21,000 additions in Internet customers and 229,000 connected device additions. TELUS’ board declared a quarterly dividend of C$0.4184 per share, payable on July 2, 2026, to shareholders of record as of June 10, 2026. Management highlighted that TELUS adopted a measured response to wireless promotional discounting during the first quarter, with a continued focus on preserving its premium brand positioning. This strategy contributed to positive network revenue growth of 1% and continued sequential improvement in ARPU, reinforcing the effectiveness of the company’s go-to-market approach. Management added that TELUS will continue executing with precision throughout 2026, maintaining a differentiated strategy that supports long-term wireless industry health. Management further emphasized that TELUS remains well-positioned to deliver sustainable long-term growth, supported by its strong asset mix, diversified business portfolio and operational execution capabilities. The company continues to focus on strong free cash flow generation through EBITDA growth, moderation in capital expenditure intensity, and ongoing efficiency and synergy realization. As part of its disciplined capital allocation strategy, TELUS is maintaining its dividend at the current level while gradually reducing the discount on its dividend reinvestment plan, which was lowered to 1.75% starting in the first quarter of 2026. Management also mentioned its target of at least 10% compounded annual free cash flow growth through 2028. TELUS has lost 13% in the past year against the Zacks Diversified Communication Services industry’s growth of 18.8%. Image Source: Zacks Investment Research In the first quarter, TTech revenues and other income decreased 2% year over year to C$3,790 million. TTech operating revenues (arising from contracts with customers) declined 2% year over year to C$3,772 million, primarily due to...

Lumen Technologies, Inc. LUMN recently reported first-quarter 2026 results. The quarter was a messy one, with adjusted loss widening to 47 cents compared with the Zacks Consensus Estimate of a loss of 6 cents. The company had incurred a loss of 13 cents in the prior-year quarter. Legacy revenue headwinds eroded quarterly revenues. Total revenues declined 9% to $2.899 billion, while Mass Markets revenues fell sharply, reflecting the impact of divestitures. Since the earnings announcement on May 5, LUMN stock has tanked 8.3% and closed yesterday at $8.46. Lumen Technologies, Inc. price-consensus-eps-surprise-chart | Lumen Technologies, Inc. Quote Despite near-term pressures, the company’s narrative remains focused on growing AI opportunity, which is driving demand for its Private Connectivity Fabric (“PCF”) solutions. It has secured $13 billion in PCF deals so far. The investment debate, therefore, is not just about the earnings miss. It is about whether Lumen’s transformation efforts will eventually offset legacy revenue erosion and boost margins and cash flows. Let’s do a deep dive to understand what to do with LUMN stock after its first-quarter earnings report. One of the positives for Lumen is its improving business mix. Strategic revenues were a key bright spot, reaching 51% of total business revenues in the quarter, up from 49% in the fourth quarter. Strategic revenues were $1.246 billion, up 9.4% year over year, while legacy revenues declined 13.5% to $1.198 billion. The shift reflects continued traction in newer offerings. With about $13 billion in PCF deals, LUMN recognized revenues of $78 million associated with these deals. Management noted that about $32 million of that figure reflected a delivery milestone payment that is not expected to repeat in the second quarter. Digital revenues were $37 million, while other strategic revenues were $1,131 million. As AI demand surges, large companies across industries are urgently seeking fiber capacity, which is becoming highly valuable and potentially scarce. These “prefunded deals” are helping Lumen to expand capacity and provide upfront capital for its business plan. It has already implemented 17 million intercity fiber miles in 2025 and expects network expansion to reach 58 million fiber miles by 2031. Investments in PCF are expected to create future revenue streams and strengthen Lumen’s position as a r...

BCE Inc. BCE reported first-quarter 2026 adjusted earnings of C$0.63 per share (46 cents), down 8.7% year over year. The Zacks Consensus Estimate was pegged at 43 cents. Quarterly total operating revenues rose 4% to C$6.17 billion ($4.4 billion), reflecting growth in both service and product revenue. The rise in service revenue was mainly driven by the addition of Bell CTS U.S. — including revenue from Ziply Fiber — and growth in Bell Media. This was partly offset by lower revenue at Bell CTS Canada compared to the previous year. The consensus estimate was pegged at $4.5 billion. Operationally, BCE posted 16,947 postpaid mobile phone net subscriber activations in the quarter, a sharp turnaround from the year-ago period, as promotional intensity and bring-your-own-device activity lifted gross adds. Shares of the company have gained 1.5% in the past year compared with the Zacks Diversified Communication Services industry's growth of 16.6% Image Source: Zacks Investment Research The top line benefited from 3.4% service revenue growth to C$5.35 billion and a 7.9% increase in product revenue to C$818 million. Segmentally, Bell CTS generated C$5.49 billion of operating revenue, while Bell Media contributed C$778 million. Profitability expanded at the adjusted EBITDA line, which increased 2.9% to C$2.63 billion. The adjusted EBITDA margin declined 0.4 percentage points to 42.7%, as operating costs rose with the inclusion of Ziply Fiber expenses and higher activity-linked items. Bell CTS Canada posted operating revenue of C$5.25 billion, up 0.1% year over year. Within that, service revenue declined 1.2% to C$4.43 billion, weighed by ongoing legacy wireline and TV erosion, heavier residential discounting and softer wireless monetization. BCE, Inc. price-consensus-eps-surprise-chart | BCE, Inc. Quote Product revenue improved, supported by delivery activity tied to Bell AI Fabric, even as wireless product revenue declined 6.3% due to fewer contracted device sales amid a higher BYOD mix. Bell Business Markets revenue increased 9.7% year over year, driven by 113% growth in AI-powered solutions revenue tied to Ateko, Bell Cyber and Bell AI Fabric. Wireless metrics showed a meaningful year-over-year rebound. Postpaid net activations were 16,947 against a net loss of 9,598 a year ago, driven by a 20.6% increase in gross activations. Blended ARPU declined 0.8% to C$56.61, re...

For the quarter ended March 2026, Lumen (LUMN) reported revenue of $2.9 billion, down 8.9% over the same period last year. EPS came in at -$0.47, compared to -$0.13 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $2.84 billion, representing a surprise of +2.07%. The company delivered an EPS surprise of -754.55%, with the consensus EPS estimate being -$0.06. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Lumen performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Operating Revenues- Total Business Segment Revenue: $2.44 billion versus $2.42 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.2% change. Operating Revenues- Total Mass Markets Segment Revenue: $455 million versus the two-analyst average estimate of $422.03 million. The reported number represents a year-over-year change of -30.9%. Operating Revenues- Mass Markets Segment by Product Category- Voice and Other: $158 million versus $164.84 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -17.7% change. Operating Revenues- Mass Markets Segment by Product Category- Other Broadband: $205 million compared to the $210.99 million average estimate based on two analysts. The reported number represents a change of -20.2% year over year. Operating Revenues- Mass Markets Segment by Product Category- Fiber Broadband: $92 million versus the two-analyst average estimate of $46.19 million. The reported number represents a year-over-year change of -56%. View all Key Company Metrics for Lumen here>>> Shares of Lumen have returned +35.5% over the past month versus the Zacks S&P 500 composite's +10.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term....

Image source: The Motley Fool. Tuesday, May 5, 2026 at 5 p.m. ET President and Chief Executive Officer — Kathleen Johnson Executive Vice President and Chief Financial Officer — Christopher Stansbury Need a quote from a Motley Fool analyst? Email [email protected] Kathleen Johnson: Thanks, Jim, and thanks, everybody, for joining the call and also for your feedback following the Lumen Investor Day. In addition to hearing your perspective about our strategy and new business model, we're tweaking the format of our earnings call by shortening our prepared remarks and leaving more time for your strategy-oriented questions. So let's get to it. Lumen delivered a solid performance during the first quarter, with revenue and EBITDA in line with expectations. I'll let Chris handle the detail in a few minutes after I provide an update on our strategy and execution. Enterprises are facing a huge challenge. They're trying to build an AI-driven future on infrastructure that simply wasn't designed to support it. It's no longer about point-to-point connectivity, it's about whether you can move massive amounts of data securely, predictably and in real time across highly distributed environments. And just as importantly, it's about whether you can control and orchestrate that movement dynamically. Lumen is solving that problem. We're bringing together 3 core assets: world-class physical infrastructure, a programmable network and a connected ecosystem of clouds, applications and partners. And individually, each of these assets matter. But together, they solve the complexity problem by forming a comprehensive platform designed for AI and rooted in simplicity. The whole industry now recognizes the need for better networking, better performance and better economics. It's not just Lumen talking about disruption anymore. But we believe it is Lumen who stands alone in our readiness to deliver game-changing capabilities to meet the needs of enterprise customers in an AI-driven world. And it starts with the physical layer. Lumen already has one of the largest fiber networks in the world. We're making significant investments in long-haul capacity, metro expansion, data center-interconnect and cloud adjacency. And we're on track to deliver all of the commitments we shared in detail at Investor Day. This physical foundation is table stakes that supports the proliferation of data workloads, but a...

By Juby Babu May 5 - Digital networking services company Lumen Technologies beat Wall Street estimates for first-quarter revenue on Tuesday and announced ‌it would buy networking platform Alkira for $475 million in cash. The acquisition ‌is expected to accelerate Lumen's push into cloud-to-cloud and data center interconnect services and expand its total addressable market to about $70 billion through Alkira's global footprint and cloud-native platform. Here are more details: • According to Lumen, the deal is unlikely to have a near-term impact on margins, but is expected to boost earnings as the digital platform ‌grows, while improving long-term free ⁠cash flow and lowering buildout costs and risk. • "The acquisition of Alkira substantially completes the digital platform that we had to ⁠build. It accelerates it, it is capex that we do not have to invest now," CFO Chris Stansbury told Reuters in an interview. • Lumen reported revenue of $2.9 billion for the first quarter ended March 31, above analysts' average estimate of $2.83 billion, ‌according to data compiled by LSEG. • "We had a very strong quarter on private connectivity fabric (PCF), because we lit up some State of California business," Stansbury said, adding that PCF growth was in the mid-single digit and Lumen's digital offerings were a "big piece" of it. • The company's quarterly adjusted loss came in at ‌47 cents per share, compared with expectations of a 13-cent per share loss. • Lumen raised its annual free cash flow forecast to a range of $1.9 billion to $2.1 billion, from an ‌earlier projection of $1.2 billion to $1.4 billion, as its auditors determined that $729 million of the cash inflows associated with the sale of its consumer fiber operations to AT&T should be classified as operating cash flows. • In February, Lumen ‌was selected to expand Anthropic's fiber network across North America, contributing to its nearly $13 billion in total PCF contracts. (Reporting by Juby Babu in Mexico City; Editing by Diti Pujara)

Delivers revenue and adjusted EBITDA in line with expectations as the Company advances its transformation strategy rooted in an unmatched physical infrastructure, programmable network, and connected ecosystem DENVER, May 05, 2026--(BUSINESS WIRE)--Lumen Technologies, Inc. (NYSE: LUMN) today reported results for the first quarter, demonstrating continued progress in its transformation and positioning Lumen for sustainable growth in the AI-driven enterprise market. The Company also announced it has entered into an agreement to acquire Alkira, extending Lumen's leadership in programmable networking for global enterprises. Among the Company’s highlights from the quarter: Financial Performance: At 51% of total business revenue (up from 49% in the fourth quarter), Strategic revenue officially surpassed Legacy revenue, despite Legacy outperforming expectations. Expanded disclosures provide greater visibility into digital revenue progression. Operational Execution: Advanced key transformation milestones by successfully implementing Phase 2 of ERP, continuing to deliver on our Modernization and Simplification initiatives, and proactively improved liquidity through a revolver refinancing. Growth Pivot: Remain on track towards full year guidance and long-term framework from Investor Day. Lumen’s digital platform continues to gain traction; Network-as-a-Service customer count, port adoption, and service count all grew meaningfully quarter over quarter. Alkira Agreement: The acquisition will unite Lumen’s physical infrastructure and programmable network with Alkira’s cloud-native Network-as-a-Service (NaaS) control plane, delivering a single, digital platform. "Our strategy is working and we continue to progress towards our key financial goals we set out at Investor Day," said Lumen CEO Kate Johnson. "The planned Alkira acquisition accelerates our digital platform strategy by extending the programmable capabilities customers need to support AI workloads." "First-quarter results were in line with our expectations, reflecting continued progress against our financial and strategic goals. We strengthened our balance sheet, reduced leverage below 4x following the fiber to the home sale, and continued to simplify our internal systems," said Lumen President and CFO Chris Stansbury. "Strategic revenue now represents more than half of our business revenue, and we are pleased with...

Akamai Technologies, Inc. AKAM is set to report first-quarter 2026 results on May 7, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 5.14%. It pulled off a trailing four-quarter earnings surprise of 9.44% on average, beating estimates on all previous occasions. The company is expected to witness year-over-year revenue growth, driven by strong demand for security solutions, cloud and edge computing. However, higher costs, ongoing investments in artificial intelligence (AI) and infrastructure, and competition in the cloud market might have pressured the bottom line. During the first quarter of 2026, Akamai secured the State of Montana Data Communications Contract, strengthening its presence in the public sector. The contract is expected to have generated healthy revenues as services are deployed across state agencies. Akamai’s security business remained a key growth driver in the quarter under review, supported by rising demand for zero trust, API security and network segmentation solutions. As enterprises expand their cybersecurity coverage, higher renewals and upsell opportunities are expected to have driven incremental revenues for the company. During the quarter, Akamai witnessed initial gains from its previously announced AI and cloud deals, especially in edge computing and enterprise workloads. Early deployments and pilot use of AI services are expected to have generated revenues in the to-be-reported quarter. Revenues from the Security Technology Group segment are expected to be $578.2 million, indicating an increase from the prior-year quarter’s tally of $530.7 million. Net sales from the Delivery segment are pegged at $301.8 million, down from $319 million in the year-ago quarter. The consensus estimate for revenues from the Cloud Computing segment is pegged at $193.2 million, implying growth from $165.5 million in the year-ago quarter. For the March quarter, the Zacks Consensus Estimate for revenues is pegged at $1.07 billion, indicating year-over-year growth from $1.02 billion. The consensus estimate for adjusted earnings per share stands at $1.61, indicating a decline from $1.70 reported a year ago. Our proven model predicts an earnings beat for Akamai for the first quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an...