secwatch.observer — SEC 8-K summary
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Issuer:     Lumen Technologies, Inc. (LUMN)
CIK:        0000018926
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0000018926-26-000045
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18926/000001892626000045/0000018926-26-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18926/000001892626000045/lumn-20260505.htm
  HTML page:      https://secwatch.observer/filing/0000018926-26-000045

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