LUMN

DENVER, July 14, 2026--(BUSINESS WIRE)--Lumen Technologies (NYSE: LUMN), the trusted network for AI, today announced that it will publish its second quarter financial results following market close on Aug. 4, 2026. A live broadcast of the earnings conference call will be available on the company’s Investor Relations website at 5:00 pm. ET. Additional information regarding the second quarter 2026 results, including the company’s earnings release, investor presentation, and related materials, will be available on Lumen’s Investor Relations website. About Lumen Lumen is unleashing the world's AI potential. As the trusted network for AI, we ignite business growth by connecting people, data, and applications — quickly, securely, and effortlessly. Lumen’s physical infrastructure, programmable network, and connected ecosystem give enterprises a simpler way to move data from virtually anywhere to anywhere in real-time to support their AI needs. Together, Lumen’s owned fiber backbone and cloud-native control plane provide a differentiated platform for connecting, securing, and operating modern enterprise environments at global scale. From metro connectivity and long-haul data transport to cloud networking, security services, digital platform capabilities, and connectivity orchestration, Lumen meets customers’ needs today and as they build for tomorrow. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies, Inc. in the United States. For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, X: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies, and YouTube: /lumentechnologies. View source version on businesswire.com: https://www.businesswire.com/news/home/20260714638238/en/ Contacts Media Contact:Anita J. [email protected] +1 858-229-8538 Investor Contact: Jim Breen, [email protected] +1 603-404-7003

Earlier this week, Lumen Technologies and its subsidiary Qwest Corporation completed exchange offers, issuing about US$1.38 billion of new long-dated notes carrying interest rates of 6.500% and 6.750%, with some series set to trade on the NYSE under the tickers CTGG and CTHH. This debt restructuring comes shortly after a weak quarter in which Lumen’s revenue and earnings missed analyst expectations, underscoring how balance sheet actions and operating pressure are intersecting for the company. We’ll now examine how Lumen’s recent debt exchange, alongside its earnings shortfall, may alter the investment narrative built around AI-enabled network growth. Uncover the next big thing with 24 elite penny stocks that balance risk and reward. To own Lumen today, you need to believe that its AI-oriented fiber and Network as a Service plans can eventually outweigh ongoing legacy declines and heavy leverage. The latest US$1.38 billion debt exchange modestly extends Lumen’s funding runway, but does not change the fact that near term sentiment is tied to whether AI and enterprise wins can offset weak revenue trends and the risk that refinancing needs strain an already stressed balance sheet. Against that backdrop, the recent quarter’s revenue miss of 16.3% versus analyst expectations is just as important as the debt news. It highlights how far the core business still is from the bullish AI-driven growth narrative and makes the success of initiatives like hyperscaler fiber builds and marketplace partnerships even more important if they are to counterbalance persistent declines in Harvest and Nurture product lines. Yet behind the AI story, investors should also be aware that Lumen’s sizable debt load and refinancing exposure could... Read the full narrative on Lumen Technologies (it's free!) Lumen Technologies’ narrative projects $10.4 billion revenue and $1.3 billion earnings by 2029. Uncover how Lumen Technologies' forecasts yield a $8.29 fair value, in line with its current price. Some of the most optimistic analysts were penciling in US$10.5 billion of revenue and positive earnings by 2029, yet the latest costly refinancing and ongoing debt risk suggest that those bullish scenarios may need revisiting as you compare very different views of where this story could go. Explore 5 other fair value estimates on Lumen Technologies - why the stock might be worth as much as 18%...

Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Lumen (NYSE:LUMN) and the best and worst performers in the telecommunication services industry. The sector is a tale of two cities. Satellite telecommunication is generally buoyed by rising global demand for connectivity in costly-to-connect and remote areas. On the other hand, terrestrial telecommunication companies face an uphill battle, as they mostly sell into a deflationary market, where the price of moving a bit tends to decrease over time with better technology. Despite the differences in demand drivers, companies across the entire industry must contend competition from larger telecom conglomerates and hyperscalers expanding their own networks as well as newer entrants such as SpaceX's StarLink. The 6 telecommunication services stocks we track reported a softer Q1. As a group, revenues missed analysts’ consensus estimates by 4.3%. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 8.3% since the latest earnings results. With approximately 350,000 route miles of fiber optic cable spanning North America and the Asia Pacific, Lumen Technologies (NYSE:LUMN) operates a vast fiber optic network that provides communications, cloud connectivity, security, and IT solutions to businesses and consumers. Lumen reported revenues of $2.37 billion, down 2.7% year on year. This print fell short of analysts’ expectations by 16.3%. Overall, it was a disappointing quarter for the company with a significant miss of analysts’ revenue and EPS estimates. “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. Lumen delivered the weakest performance against analyst estimates of the whole group. The market seems disappointed with the results as the stock is down 7.9% since reporting and currently trades at $8.50. Read our full report on Lumen here, it’s free. Operating a massive network spanning 20,000 miles of fiber optic cable and connecting to over 3,200 buildings worldwide, Cogent Communications (NASDAQ:CCOI) provides high-speed Internet access, private network services, and data center colocation to businesses and bandwidth-intensive organizations across 54 countries. Cogent reported...

DENVER, June 10, 2026--(BUSINESS WIRE)--Lumen Technologies, Inc. ("Lumen," "us," "we" or "our") (NYSE: LUMN) today announced, together with Qwest Corporation, its wholly-owned subsidiary ("Qwest"), the expiration and final results of the previously announced offers (the "Exchange Offers") by Qwest to exchange the outstanding notes described below, in each case subject to certain terms and conditions set forth in the Registration Statement on Form S-4, including a prospectus and consent solicitation statement forming a part thereof (as amended or supplemented from time to time, the "Prospectus"). Capitalized terms used and not defined in this press release have the meanings given to them in the Prospectus. In connection with the Exchange Offers, Qwest and Lumen also solicited consents to amend the Old Qwest Indentures (as defined below) (the "Consent Solicitations"). The Exchange Offers and the Consent Solicitations expired at 5:00 p.m. ET on June 9, 2026 (the "Expiration Date"). The notes offered to be exchanged in the Exchange Offers were Qwest’s (1) 6.5% Notes due 2056 (CUSIP Number 74913G 881) (the "2056 Notes") and (2) 6.75% Notes due 2057 (CUSIP Number 74913G 873) (the "2057 Notes" and, together with the 2056 Notes, the "Old Qwest Notes"), in exchange for (1) 6.500% Notes due 2051 (the "New 6.500% 2051 Notes") and (2) 6.750% Notes due 2052 (the "New 6.750% 2052 Notes" and, together with the New 6.500% 2051 Notes, the "New Qwest Notes"), to be issued by Qwest and fully and unconditionally guaranteed on an unsecured basis by Lumen. The Expiration Date has passed for the Old Qwest Notes tendered pursuant to the Exchange Offers and such tenders may no longer be withdrawn. The table below provides the aggregate principal amount of validly tendered Old Qwest Notes that Qwest accepted for exchange as of the Expiration Date, as well as the aggregate principal amount of New Qwest Notes to be issued and the total amount of cash to be paid, in connection with the Exchange Offers and the Consent Solicitations: (1) The New 6.500% 2051 Notes will be issued under separate global notes (at least one global note for each denomination) having separate CUSIP numbers but otherwise constituting the same series for voting purposes, and issued under the same supplemental indenture.(2) Consideration in the form of a cash payment of $0.0625 per $25 principal amount of the Old Q...

It has been about a month since the last earnings report for Lumen (LUMN). Shares have added about 1.7% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Lumen due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Lumen reported a first-quarter 2026 adjusted loss (excluding special items) of 47 cents per share, significantly wider than the Zacks Consensus Estimate of a loss of 6 cents. The company reported adjusted loss per share of 13 cents in the prior-year quarter.Quarterly total revenues were $2.899 billion, down 9% year over year, but topped the Zacks Consensus Estimate by 2.1%. Strategic revenues remained 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, Lumen 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. As AI demand surges, large companies across industries are urgently seeking fiber capacity, which is becoming highly valuable and potentially scarce. Lumen highlighted ongoing adoption of its NaaS offering, with customer adoption up 25% sequentially in the first quarter. Active ports rose 35% sequentially, while services sold across ports increased 32% from the prior quarter. Lumen now has 2,500 NaaS customers, with more than 30% repeat purchasers. By segment, Business revenues fell 3.2% year over year to $2.444 billion, with North America business down 2.8% to $2.37 billion.Revenues from Large Enterprises were up 1% to $778 million. Mid-Market Enterprise revenues declined 10% to $439 million. Public Sector revenues were up 5% to $506 million. Revenues of North America’s Enterprise Channels were down 1% to $1.723 billion. The metric for Wholesale decreased 8% to $648 million. Revenues from Mass Markets were down 31% year over year to $455 million, reflecting the impact of divestitur...

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...