---
schema_version: "secwatch.filing_event.v1"
accession: "0000018926-23-000047"
form_type: "8-K"
ticker: "LUMN"
cik: "0000018926"
company_name: "Lumen Technologies, Inc."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:50:31.746689+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lumen Q1 revenue $3.74B (-20% YoY); adjusted EBITDA -36%; FCF negative $75M

## Summary
- Revenue $3.738B, down 20% YoY; GAAP net income $511M ($0.52 EPS); adjusted EPS $0.10 vs $0.63.
- Adjusted EBITDA (excl. special items) $1.251B, -36% YoY; FCF (excl. special items) -$75M vs +$846M.
- Business Grow revenue $1.128B (+3% QoQ); Quantum Fiber added ~120k locations in Q1.
- Reduced debt by $620M via exchange offers; full-year 2023 cash tax outlook raised to $300-400M.
- FY 2023 guidance unchanged: Adj EBITDA $4.6-4.8B, FCF $0-200M, capex $2.9-3.1B.

## SEC filing metadata
- accession: 0000018926-23-000047
- form_type: 8-K
- ticker: LUMN
- cik: 0000018926
- company_name: Lumen Technologies, Inc.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/18926/000001892623000047/0000018926-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/18926/000001892623000047/lumn-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000018926-23-000047
- JSON: https://secwatch.observer/filing/0000018926-23-000047.json
- Plain text: https://secwatch.observer/filing/0000018926-23-000047.txt

## Key facts
- Earnings Releases
  Lumen Technologies, Inc. reported the first quarter ended March 31, 2023 results: revenue $3,738, net income $511 million, EPS $0.52.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $3,738
  - Net income: $511 million
  - EPS: $0.52
  - Result: reported results
  source text: 515 573 Public Sector 430 479 Enterprise Channels 2,139 2,494 Wholesale 817 907 Business Segment Revenue 2,956 3,401 Mass Markets Segment Revenue 782 1,275 Total Revenue (1)(2) $ 3,738 4,676 Cost of Services and Products 1,817 1,985 Selling, General and Administrative Expenses 721 800 Loss on disposal group held for sale 77 — Stock-based Compensation Expense 14
  evidence_url: https://www.sec.gov/Archives/edgar/data/18926/000001892623000047/0000018926-23-000047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.