Lumen Technologies (NYSE:LUMN) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Posted by Brenda Bartman on Aug 4th, 2026

Lumen Technologies (NYSE:LUMN – Get Free Report) announced its earnings results on Tuesday. The technology company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06, FiscalAI reports. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.74 billion.

Lumen Technologies Price Performance

Shares of NYSE LUMN traded up $0.29 during mid-day trading on Tuesday, hitting $6.75. The company had a trading volume of 17,960,995 shares, compared to its average volume of 13,546,964. The company has a market capitalization of $6.95 billion, a PE ratio of -3.88 and a beta of 1.79. The business’s 50-day simple moving average is $7.77 and its 200 day simple moving average is $7.89. Lumen Technologies has a 1-year low of $3.61 and a 1-year high of $11.95.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LUMN. Zacks Research cut Lumen Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lumen Technologies in a research note on Friday, July 17th. Wells Fargo & Company raised their target price on Lumen Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. UBS Group boosted their price target on shares of Lumen Technologies from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Lumen Technologies from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Nine equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Lumen Technologies presently has a consensus rating of “Reduce” and a consensus price target of $8.32.

Read Our Latest Analysis on LUMN

Institutional Investors Weigh In On Lumen Technologies

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in shares of Lumen Technologies by 324.7% during the 4th quarter. JPMorgan Chase & Co. now owns 22,211,742 shares of the technology company’s stock worth $172,585,000 after buying an additional 16,981,326 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Lumen Technologies by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,390,473 shares of the technology company’s stock valued at $142,894,000 after acquiring an additional 473,242 shares during the last quarter. Front Street Capital Management Inc. boosted its stake in Lumen Technologies by 1.1% in the second quarter. Front Street Capital Management Inc. now owns 11,969,084 shares of the technology company’s stock valued at $52,425,000 after acquiring an additional 132,131 shares in the last quarter. Man Group plc grew its holdings in shares of Lumen Technologies by 3.3% during the second quarter. Man Group plc now owns 11,486,835 shares of the technology company’s stock worth $50,312,000 after purchasing an additional 364,436 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Lumen Technologies by 6.3% during the second quarter. Invesco Ltd. now owns 10,928,906 shares of the technology company’s stock worth $47,869,000 after purchasing an additional 652,124 shares in the last quarter. Institutional investors and hedge funds own 66.19% of the company’s stock.

About Lumen Technologies

(Get Free Report)

Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company’s core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.

Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.