Filing Flows › Lumen Technologies (LUMN) › Guidance & outlook
Lumen Technologies (LUMN) guidance and outlook
Lumen Technologies (LUMN) reaffirmed its guidance on Nov 4, 2026: Other income $1.1B–$1.3B for ; Depreciation & amortization $2.6B–$2.8B for ; Stock-based compensation $60.0M–$80.0M for . Lumen Technologies' 10-Q filed Nov 4, 2026 makes 30 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Capital expenditures | $3.2B–$3.4B | new | |
| Other income | $1.1B–$1.3B | reaffirmed | |
| Depreciation & amortization | $2.6B–$2.8B | reaffirmed | |
| Stock-based compensation | $60.0M–$80.0M | reaffirmed |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 4, 2026
- These strategic initiatives are intended to support our efforts to build the backbone of the AI economy, cloudify and agentify telecom, and scale a programmable, partner‑driven connectivity platform for hyperscalers and enterprises.
- In connection with the sale, we have entered into a transition services agreement under which we will provide to AT&T various support services and certain long-term agreements under which we and AT&T will provide to each other various network and other commercial services.
- We expect to see continued reduction in legacy voice, broadband, and other legacy services, while fueling growth in our strategic products.
- • Customer behavior : Certain customers in the past have delayed purchasing decisions, and certain of our customers may delay future purchasing decisions, which has impacted and may impact sales cycles.
- If these conditions persist, our projected cash flows and market capitalization could decline.
- We expect continued demand for high-capacity, low-latency connectivity solutions, supported by enterprise digital transformation and government broadband programs.
- Key trends that impact us, and will continue to impact us, include:
- • Monetizing network assets with execution risk : We aim to generate revenue through custom connectivity solutions, including PCF, by leveraging excess conduit and fiber assets.
- Other than excess foreign cash held in India, we do not currently intend to repatriate to the United States material amounts of our foreign cash and cash equivalents.
- As of September 30, 2026, based on our current capital allocation objectives, we project expenditures for the next 12 months to include, among others, the following:
- We expect to fund these expenditures primarily through operating cash flows, supplemented by available cash and borrowing capacity as needed.
- Beyond the next 12 months, we plan to refinance a substantial portion of maturing debt through future debt issuances, subject to market conditions and covenant restrictions.
Lumen Technologies' latest quarter
Lumen Technologies, Q3 2026: revenue $2.7B (-12% year over year), operating margin -6.2%, net loss $265M, operating cash flow $518M. The chart follows the revenue to costs, profit and cash.
Questions
Did Lumen Technologies raise or lower its guidance?
Lumen Technologies (LUMN) reaffirmed its guidance on Nov 4, 2026: Other income $1.1B–$1.3B for ; Depreciation & amortization $2.6B–$2.8B for ; Stock-based compensation $60.0M–$80.0M for .
What does Lumen Technologies expect?
These strategic initiatives are intended to support our efforts to build the backbone of the AI economy, cloudify and agentify telecom, and scale a programmable, partner‑driven connectivity platform for hyperscalers and enterprises. In connection with the sale, we have entered into a transition services agreement under which we will provide to AT&T various support services and certain long-term agreements under which we and AT&T will provide to each other various network and other commercial services. We expect to see continued reduction in legacy voice, broadband, and other legacy services, w
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.