Key Points – Lumen’s Q1 results were in line with expectations, with revenue and EBITDA meeting guidance and total business revenue down 3.2% year over year to $2.44 billion.
Management said the company is still on track with its full-year commitments and continuing to improve its revenue mix. – Network-as-a-Service adoption is accelerating, with first-quarter customer adoption up 25% sequentially and active ports and services rising sharply
Lumen now has nearly 2,500 NaaS customers, and management highlighted major wins with a financial services firm and a logistics company. – Lumen is using its balance-sheet gains to boost cash flow and growth, raising 2026 free cash flow guidance to $1.9 billion–$2.1 billion after closing its fiber-to-the-home sale to AT&T. The company also announced plans to acquire Alkira for $475 million to expand cloud-to-cloud and data center connectivity capabilities. – Former Dividend Aristocrat AT&T Posts Strong Earnings, Tries to Win Back Investors Lumen Technologies (NYSE:LUMN) said first-quarter 2026 results were in line with its expectations as management highlighted improving revenue mix, continued adoption of its network-as-a-service offerings and a planned acquisition intended to expand its cloud connectivity capabilities. Chief Executive Officer Kate Johnson said the company is positioning its network for enterprise customers building AI-driven infrastructure, emphasizing the need to move large amounts of data securely and predictably across distributed environments.
She said Lumen is combining physical fiber assets, a programmable network and an ecosystem of cloud, application and partner connections into a platform designed to simplify enterprise networking. – AT&T’s Earnings Glow-Up Can’t Hide These Red Flags “Lumen’s delivered a solid performance during the first quarter with revenue and EBITDA in line with expectations,” Johnson said. She added that the company remains on track to deliver the commitments discussed at its…