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Shares of network giant Lumen Technologies (LUMN -18.76%) plunged 19.4% on Friday as of 12:10 p.m. ET.
Lumen Technologies, Inc. is a turnaround story that markets overlook, as it focuses on balance sheet health, EBITDA growth, and returning to revenue growth driven by AI infrastructure investments. Despite a Q2 loss and revenue decline, Lumen raised its free cash flow outlook and continues executing on major contracts, including an $8.5 billion private connectivity fiber deal. Debt remains a manageable risk, with recent refinancing reducing interest expenses and extending maturities, supporting the company's transformation efforts.
LUMN posts narrower-than-expected loss in the second quarter, lifts 2025 free cash flow outlook and has now about $9 billion in AI-fueled fiber deals.
Lumen (LUMN) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to a loss of $0.13 per share a year ago.
Lumen Technologies on Thursday reported a smaller-than-expected second-quarter loss and raised its full-year free cash flow forecast by more than 60%, helped by cost savings from President Trump's tax cut legislation.
DENVER--(BUSINESS WIRE)--Lumen Technologies, Inc. (NYSE: LUMN) reported results for the second quarter ended June 30, 2025. Outperformance on Key Metrics: Strong revenue and Adjusted EBITDA despite approximately $46 million in one-time revenue givebacks associated with the FCC's Rural Digital Opportunity Fund. AT&T Consumer Fiber Transaction: Announced an agreement to sell Lumen's consumer fiber business to AT&T for $5.75 billion, sharpening the company's enterprise focus and unlocking.
Lumen Q2 2025 gains likely came from PCF momentum and AI-driven growth, despite legacy drag and high debt concerns.
Lumen's turnaround is progressing, with stable revenue and improving earnings surprises, despite recent share price declines and ongoing volatility. Lumen Technologies' stock valuation remains extremely attractive at a 0.33 P/S ratio, supported by strong cash flow margins and management's cost-saving initiatives. I maintain a cautious Buy-and-Hold stance on LUMN stock, recognizing turnaround risks but seeing significant long-term upside potential as transformation continues.
DENVER--(BUSINESS WIRE)--Lumen Technologies (NYSE: LUMN), a global provider of digital networking services for enterprise, today announced that it will participate in a series of investor conferences to share updates on its transformation strategy, growth priorities, and long-term value creation plan. Company executives will join institutional investors, analysts and industry leaders at the following events: TD Cowen Communications Infrastructure Summit on August 12. Citi 2025 Global TMT Confer.
DENVER--(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 July 31, 2025. 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 2025 results, including the company's earnings release, investor presentation, and related materials, will be available.