Lumen Technologies (LUMN) reported second-quarter 2026 revenue of $2.805 billion, down from $3.092 billion a year earlier. The company reported a net loss of $201 million, compared with a net loss of $915 million in the second quarter of 2025.
The company said strategic revenue rose to about 53% of total business revenue, up from 51% in the first quarter. Lumen also closed its acquisition of Alkira and reiterated its full-year 2026 financial outlook.
- Revenue $2.805 billion for the second quarter of 2026.
- Net loss $201 million, compared with $915 million a year earlier.
- Diluted loss per share $0.20, compared with $0.92 in the second quarter of 2025.
- Operating cash flow $971 million, compared with $570 million a year earlier.
- Strategic revenue approximately 53% of total business revenue.
- NaaS customers more than 3,000, with new customer adoption up 22% quarter over quarter.
- Liquidity cash and cash equivalents of $1.876 billion as of June 30, 2026.
$LUMN Insider Trading Activity
$LUMN insiders have traded $LUMN stock on the open market 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $LUMN stock by insiders over the last 6 months:
- KATHLEEN E JOHNSON (President & CEO) purchased 78,685 shares for an estimated $499,925
- DIANKHA LINEAR sold 45,000 shares for an estimated $355,050
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$LUMN Hedge Fund Activity
We have seen 261 institutional investors add shares of $LUMN stock to their portfolio, and 230 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PALESTRA CAPITAL MANAGEMENT LLC removed 11,167,585 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $77,614,715
- PRICE T ROWE ASSOCIATES INC /MD/ removed 6,895,551 shares (-85.7%) from their portfolio in Q1 2026, for an estimated $47,924,079
- GOLDMAN SACHS GROUP INC added 5,807,341 shares (+34.7%) to their portfolio in Q1 2026, for an estimated $40,361,019
- TREXQUANT INVESTMENT LP removed 5,210,670 shares (-93.0%) from their portfolio in Q1 2026, for an estimated $36,214,156
- FMR LLC added 5,020,621 shares (+19.0%) to their portfolio in Q1 2026, for an estimated $34,893,315
- BLACKROCK, INC. removed 4,993,931 shares (-3.5%) from their portfolio in Q1 2026, for an estimated $34,707,820
- MILLENNIUM MANAGEMENT LLC removed 2,740,207 shares (-37.5%) from their portfolio in Q1 2026, for an estimated $19,044,438
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
