Lumen Q1 net loss flat at $(0.20)/share; EBITDA down; announces Alkira acquisition

Lumen Technologies, Inc.

2026-Q1 EPS reported -$0.20 vs consensus -$0.13 ▼ miss (-48.3%)

Q1 2026 revenue $2.899B; net loss $(200)M ($(0.20) diluted EPS), flat YoY.
Adjusted EBITDA $849M, down from $929M in Q1 2025; FCF (ex-special items) $756M, up from $354M.
Strategic revenue now 51% of business revenue (up from 49% Q4 2025), surpassing legacy.
Announced agreement to acquire Alkira, cloud-native NaaS platform; no deal value disclosed.
Leverage below 4x after fiber-to-home sale; full-year guidance reaffirmed.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Lumen Technologies, Inc. reported first quarter ended March 31, 2026 results: revenue $2.899 billion, net income Net Loss of $(200) million, EPS diluted loss per share of $(0.20).

Period: first quarter ended March 31, 2026
Revenue: $2.899 billion
Net income: Net Loss of $(200) million
EPS: diluted loss per share of $(0.20)
Result: reported results

Exact text from the filing

that supports our path to revenue growth outlined at Investor Day, while remaining on track to meet full-year guidance.” 1 First Quarter 2026 Highlights • Reported revenues of $2.899 billion for the first quarter 2026 • Reported Net Cash Provided by Operating Activities of $1.323 billion 1 for the first quarter 2026 compared to Net Cash Provided by Operating

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accession 0000018926-26-000045

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