---
schema_version: "secwatch.filing_event.v1"
accession: "0000018926-26-000006"
form_type: "8-K"
ticker: "LUMN"
cik: "0000018926"
company_name: "Lumen Technologies, Inc."
filed_at: "2026-02-03T23:59:59+00:00"
generated_at: "2026-05-16T05:24:36.553450+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lumen closes $5.75B AT&T deal; Q4 rev $3.04B, adj EPS $0.23; 2026 EBITDA outlook $3.1-$3.3B

## Summary
- Completed $5.75B AT&T transaction; reduced debt by over $4.8B, net leverage below 4x, interest expense down ~45%.
- Q4 2025 revenue $3.041B (-9% YoY); GAAP net loss $2M; adjusted EPS $0.23 (ex-special items).
- Full year 2025 revenue $12.402B (-5% YoY); adjusted EBITDA $3.36B (ex-special items) vs $3.94B prior year.
- 2026 outlook: Adjusted EBITDA $3.1-$3.3B, Free Cash Flow $1.2-$1.4B, capex $3.2-$3.4B.
- PCF sales approached $13B, NaaS customers up 29% YoY; cost savings run-rate exceeded $400M.

## SEC filing metadata
- accession: 0000018926-26-000006
- form_type: 8-K
- ticker: LUMN
- cik: 0000018926
- company_name: Lumen Technologies, Inc.
- filed_at: 2026-02-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/18926/000001892626000006/0000018926-26-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/18926/000001892626000006/lumn-20260203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000018926-26-000006
- JSON: https://secwatch.observer/filing/0000018926-26-000006.json
- Plain text: https://secwatch.observer/filing/0000018926-26-000006.txt

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