Filing Flows › Lumen Technologies (LUMN) › Q1 2026
Lumen Technologies (LUMN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Lumen Technologies (LUMN) reported revenue of $2.9B for the first quarter 2026 (Q1 2026), -9% from a year earlier and -5% from the quarter before. Operating margin was 20.8%, net loss $200M (6.9% of revenue).
Lumen Technologies, Q1 2026: revenue $2.9B (-9% year over year), operating margin 20.8%, net loss $200M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9B | -5% | -9% |
| Operating profit | $602M | — | +463% |
| Net earnings | −$200M | — | — |
| Operating cash flow | $1.3B | +135% | +21% |
| Free cash flow | $380M | — | +25% |
What changed
Revenue was $2.9B in Q1 2026, down 9% year over year and down 5% from the previous quarter.
Operating profit was $0.60B, a 20.8% margin (up 17.4 points year over year). Total costs fell 25% while revenue fell 9%. The fastest-growing cost line was SG&A (+18%). The quarter ended with a net loss of $0.20B, wider than the previous quarter's $2.0M loss. Net interest and other expense of $0.42B was the main reason.
Operating cash flow was $1.3B (up 21% year over year). Non-cash charges added back $0.66B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.85B. Capital expenditures of $0.94B left free cash flow of $0.38B.
Questions
What was Lumen Technologies' revenue in the first quarter 2026?
Lumen Technologies (LUMN) reported revenue of $2.9B for the first quarter 2026 (Q1 2026), -9% from a year earlier and -5% from the quarter before.
Was Lumen Technologies profitable in the first quarter 2026?
Operating profit was $602M (20.8% of revenue) and net loss $200M.
Source: Lumen Technologies 10-Q on SEC EDGAR.