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Lumen Technologies vs Telephone & Data Systems: LUMN and TDS compared
Lumen Technologies is the larger company: $2.7B of revenue in its latest quarter (Q3 2026) against $307M for Telephone & Data Systems (Q3 2026). Telephone & Data Systems is growing faster (-0.6% against -12% a year earlier). Lumen Technologies is more profitable, with an operating margin of -6.2% against -9.8%.
Where the money goes: LUMN and TDS
Lumen Technologies (LUMN) · Q3 2026
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.
Telephone & Data Systems (TDS) · Q3 2026
Telephone & Data Systems, Q3 2026: revenue $307M (-0.6% year over year), operating margin -9.8%, net earnings $58.7M, operating cash flow −$108M. The chart follows the revenue to costs, profit and cash.
| Lumen Technologies (LUMN) | Telephone & Data Systems (TDS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.7B | $307M |
| Revenue growth, Y/Y | -12% | -0.6% |
| Operating margin | -6.2% | -9.8% |
| Net earnings | −$265M | $58.7M |
| Net margin | -9.8% | 19.1% |
| Operating cash flow | $518M | −$108M |
| Market value | $4.0B | $3.9B |
| P/E | — | 5.9× |
| Analysts’ mean target | $7.13 | $47.50 |
Where the revenue comes from
Telephone & Data Systems
- Service: $249M (81%)
- Site rental: $52.5M (17%)
- Equipment and product sales: $5.7M (2%)
Questions
Which is bigger, Lumen Technologies or Telephone & Data Systems?
Lumen Technologies is the larger company: $2.7B of revenue in its latest quarter (Q3 2026) against $307M for Telephone & Data Systems (Q3 2026).
Is Lumen Technologies or Telephone & Data Systems growing faster?
Telephone & Data Systems is growing faster (-0.6% against -12% a year earlier).
Which is more profitable, Lumen Technologies or Telephone & Data Systems?
Lumen Technologies is more profitable, with an operating margin of -6.2% against -9.8%.
More: Lumen Technologies earnings · how Lumen Technologies makes money · Telephone & Data Systems earnings · how Telephone & Data Systems makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.