secwatch.observer — SEC 8-K summary
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Issuer:     Lumen Technologies, Inc. (LUMN)
CIK:        0000018926
Form:       8-K
Filed at:   2026-02-03T23:59:59+00:00
Accession:  0000018926-26-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18926/000001892626000006/0000018926-26-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18926/000001892626000006/lumn-20260203.htm
  HTML page:      https://secwatch.observer/filing/0000018926-26-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer