Lumen Technologies (LUMN) Stock Falls on Q4 2025 Earnings

Lumen Technologies Inc. (LUMN) reported fourth-quarter 2025 results that showed revenue contraction alongside heavy capital spending and pressure on cash balances.

Key figures:

Total revenue: $3.04 billion (down 8.7% year-over-year).

Gross profit: $1.41 billion (down 12.9% year-over-year).

Operating result: operating loss of $200 million (worse by 229.9% year-over-year).

Net income attributable to common shareholders: net loss of $2.0 million (down 102.4% year-over-year).

Diluted EPS: $0.00 (down 100.0% year-over-year).

Other notable items:

Cash from operating activities: $562 million (down 18.3% year-over-year).

Purchases of property, plant and equipment (capex): $1.64 billion (up 79.7% year-over-year).

Cash and cash equivalents: $1.00 billion (down 46.9% year-over-year).

Total liabilities: $35.46 billion (up 7.4% year-over-year).

Cost of sales: $1.63 billion (down 4.6% year-over-year).

The quarter missed the revenue estimate of $3.10 billion and the consensus EPS estimate of -$0.27 per share. Shares reacted negatively, falling about 4.6% after the market close.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Lumen Technologies Inc. Insider Trading Activity

Lumen Technologies Inc. insiders have traded $LUMN stock on the open market 7 times in the past 6 months. Of those trades, 7 have been purchases and 0 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 135,870 shares for an estimated $501,781
CHRISTOPHER STANSBURY (EVP and CFO) has made 6 purchases buying 82,000 shares for an estimated $357,753 and 0 sales.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Lumen Technologies Inc. Hedge Fund Activity

We have seen 242 institutional investors add shares of Lumen Technologies Inc. stock to their portfolio, and 253 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MAN GROUP PLC removed 8,118,038 shares (-70.7%) from their portfolio in Q3 2025, for an estimated $49,682,392
HENNESSY ADVISORS INC removed 6,966,200 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $42,633,144
HSBC HOLDINGS PLC removed 6,318,083 shares (-46.8%) from their portfolio in Q3 2025, for an estimated $38,666,667
INVESCO LTD. removed 5,969,640 shares (-54.6%) from their portfolio in Q3 2025, for an estimated $36,534,196
JPMORGAN CHASE & CO removed 5,839,778 shares (-51.6%) from their portfolio in Q3 2025, for an estimated $35,739,441
CONTOUR ASSET MANAGEMENT LLC added 4,970,793 shares (+inf%) to their portfolio in Q3 2025, for an estimated $30,421,253
FMR LLC added 4,770,155 shares (+90.0%) to their portfolio in Q3 2025, for an estimated $29,193,348

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Lumen Technologies Inc. Government Contracts

We have seen $342,625,623 of award payments to $LUMN over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

ENTERPRISE DATA NETWORK SERVICES CARRIER A: $118,101,429
DOI EIS DATA SERVICES: $67,938,578
USDANET ENTERPRISE INFRASTRUCTURE SOLUTIONS: $42,087,431
ENTERPRISE INFRASTRUCTURE SOLUTIONS (EIS) PROGRAM - SSA DATA NETWORK SERVICES (SSANET): $35,466,099
THE PURPOSE OF THIS ACTION IS TO ESTABLISH A TASK ORDER AGAINST GSAS ENTERPRISE INFRASTRUCTURE SOLUTIONS (E...: $8,844,076

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

Lumen Technologies Inc. Analyst Ratings

Wall Street analysts have issued reports on $LUMN in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Citigroup issued a "Buy" rating on 09/25/2025

To track analyst ratings and price targets for Lumen Technologies Inc., check out Quiver Quantitative's $LUMN forecast page.

Lumen Technologies Inc. Price Targets

Multiple analysts have issued price targets for $LUMN recently. We have seen 3 analysts offer price targets for $LUMN in the last 6 months, with a median target of $7.5.

Here are some recent targets:

Jonathan Atkin from RBC Capital set a target price of $8.0 on 11/25/2025
Michael Ng from Goldman Sachs set a target price of $4.6 on 10/03/2025
Michael Rollins from Citigroup set a target price of $7.5 on 09/25/2025