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AT&T vs Lumen Technologies: T and LUMN compared
AT&T is the larger company: $32.3B of revenue in its latest quarter (Q3 2026) against $2.7B for Lumen Technologies (Q3 2026). AT&T is growing faster (+5% against -12% a year earlier). AT&T is more profitable, with an operating margin of 12.7% against -6.2%.
Where the money goes: T and LUMN
AT&T (T) · Q3 2026
AT&T, Q3 2026: revenue $32.3B (+5% year over year), operating margin 12.7%, net earnings $891M, operating cash flow $10.5B. The chart follows the revenue to costs, profit and cash.
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.
| AT&T (T) | Lumen Technologies (LUMN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $32.3B | $2.7B |
| Revenue growth, Y/Y | +5% | -12% |
| Operating margin | 12.7% | -6.2% |
| Net earnings | $891M | −$265M |
| Net margin | 2.8% | -9.8% |
| Operating cash flow | $10.5B | $518M |
| Free cash flow | $5.5B | — |
| Market value | $148.0B | $4.0B |
| P/E | 11.8× | — |
| Analysts’ mean target | $27.59 | $7.13 |
Where the revenue comes from
AT&T
- Service: $26.3B (81%)
- Advanced home internet: $3.0B (9%)
- Business fiber and advanced connectivity: $2.0B (6%)
- Business transitional and other: $1.0B (3%)
Questions
Which is bigger, AT&T or Lumen Technologies?
AT&T is the larger company: $32.3B of revenue in its latest quarter (Q3 2026) against $2.7B for Lumen Technologies (Q3 2026).
Is AT&T or Lumen Technologies growing faster?
AT&T is growing faster (+5% against -12% a year earlier).
Which is more profitable, AT&T or Lumen Technologies?
AT&T is more profitable, with an operating margin of 12.7% against -6.2%.
More: AT&T earnings · how AT&T makes money · Lumen Technologies earnings · how Lumen Technologies makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 21, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.