Leadership Lessons from Lumen Technologies' CFO
The CMO-CRO-CTO trio is an important C-suite partnership to manage the current tech and AI landscape, Lumen finance chief says.

Lumen Technologies, Inc. functions as an infrastructure-driven technology and telecommunications provider, offering a diverse array of integrated solutions to both commercial clients ...
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Est. EPS $-0.21 · Revenue $2.73B · 4 analysts
Est. EPS $-0.12 · Revenue $2.70B · 4 analysts
Est. EPS $-0.88 · Revenue $11.11B · 5 analysts
Est. EPS $-0.08 · Revenue $2.70B · 1 analysts
EPS $-0.62 · Revenue $3.09B
EPS $-0.92 · Revenue $3.09B
EPS $-0.20 · Revenue $3.18B
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $12.4B | -5.4% | -3.2% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-1.7B | -3061.8% | -0.5% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +46.5% | -4.9% | -1.9% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | -1.5% | -142.3% | -1615.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -14.0% | -3241.8% | -3.9% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $371.0M | -66.3% | -81.8% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +3.0% | -64.4% | -81.2% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | -1585.2% | -138.5% | -896.7% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.80x | +49.2% | -2.4% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $34.3B | +2.5% | +0.5% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -1.75 vs -0.63 | -178.7% | -0.20 vs -0.21 | +6.1% |
| Revenue Surprise | $12.4B vs $12.4B | +0.0% | $2.8B vs $2.7B | +2.9% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | Johnson Kathleen E | director, officer: Chief Executive Officer | Common Stock | A | 100,000 | $6.13 |
| Aug 5, 2026 | Hinshaw John M | director | Common Stock | A | 27,350 | $6.08 |
| Aug 4, 2026 | Hinshaw John M | director | Common Stock | — | 0 | — |
| May 21, 2026 | Collins Michael | director | Common Stock | A | 25,197 | $9.44 |
| May 21, 2026 | MCMILLAN STEPHEN | director | Common Stock | A | 25,197 | $9.44 |
Operator: Greetings, and welcome to Lumen Technologies Second Quarter 2026 Earnings Call. As a reminder, this conference is being recorded Tuesday, August 4, 2026. Your speakers for today are Kate Johnson, CEO; and Chris Stansbury, CFO. I would now like to turn the conference over to Jim Breen, Senior Vice President of Investor Relations. Please go ahead. James Breen: Good afternoon, everyone, and thank you for joining Lumen Technologies' Second Quarter 2026 Earnings Call. Before we begin, I'd like to remind everyone that today's presentation will include forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements reflect our current expectations, assumptions and projections about future events and financial performance. Actual results may differ materially from those expressed or implied in these forward-looking statements due to a number of risks and uncertainties. A detailed discussion of these factors can be found in our most recent filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and quarterly report on Form 10-Q for this quarter and any subsequent filings. We undertake no obligation to update or revise any forward-looking statements made today, whether as a result of new information, future events or otherwise. Today's presentation may also include non-GAAP financial measures. Reconciliations are provided under posted materials. And with that, I'll hand it to Kate. Kathleen Johnson: Thanks, Jim. I'll start by sharing how excited we are to welcome John Hinshaw to the Lumen Board of Directors. John has led complex technology organizations through major moments of change, and his perspective will be a great asset as we continue Lumen's transformation. And to that end, we're pleased to report that Lumen delivered another solid quarter with financial results in line with expectations. Before Chris covers the numbers, I'll give some color on our strategy and transformation progress. Great companies don't win by fitting neatly into existing categories. They win by solving hard problems in new ways, sometimes creating new company categories along the way. And that is exactly what we're doing at Lumen. We're using 3 assets together in a way no other traditional telecom company is, our physical infrastructure, our programmable network and the connected ecosystem we're building on top. We are redefining enterprise networking for AI. And the market's noticing. Most recently, Gartner named Lumen, the company to beat in enterprise networking, one of several strong endorsements of our strategy and progress. And since closing the Alkira transaction, our market position has only strengthened. Alkira is now a Lumen Connect solution, and it gives us a critical capability customers really need, a simpler, faster way to connect and secure multi-cloud and AI environment. Let me double click on the problem we're solving. …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Kathleen E. Johnson | CEO & Director | USD 6,345,978 | Female | 1968 | Active |
Christopher David Stansbury | President & CFO | USD 2,883,928 | Male | 1965 | Active |
James Robert Fowler | Executive Vice President and Chief Technology & Product Officer | USD 132,500 | Male | 1972 | Active |
Ryan Asdourian | EVP and Chief Strategy & Marketing Officer | — | Male | — | Active |
Jennifer Hodges | Executive Vice President & Chief Legal Officer | — | Female | — | Active |
Jessica Taylor | Senior VP & Chief Communications Officer | — | Female | — | Active |
Ana Maria White | Executive VP, Chief People & AI Enablement Officer | — | Female | 1974 | Active |
Donald Holt | Chief Accounting Officer & Controller | — | Male | 1977 | Active |
James Dennis Breen Jr. | Senior Vice President of Investor Relation | — | Male | — | Active |
John F. Jones | Senior Vice President of Public Policy & Government Relations | — | Male | — | Active |
The CMO-CRO-CTO trio is an important C-suite partnership to manage the current tech and AI landscape, Lumen finance chief says.

CEO Kathleen Johnson acquired 100,000 shares on August 6, 2026, at an average price of $6.13 per share, representing a total capital commitment of $613,000. The purchase increased the total equity position by 0.83%, bringing the aggregate holdings to ~12.2 million shares across direct and indirect accounts.

Lumen Technologies, Inc. (NYSE: LUMN - Get Free Report)'s stock price was down 8.8% during mid-day trading on Wednesday after The Goldman Sachs Group lowered their price target on the stock from $8.50 to $7.25. The Goldman Sachs Group currently has a neutral rating on the stock. Lumen Technologies traded as low as $6.12 and last

aOS, Amdocs' agentic operating system for telco, will help modernize Lumen's enterprise service orchestration and order management platform on AWS, accelerating service innovation JERSEY CITY, NJ / ACCESS Newswire / August 5, 2026 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced the next phase of its cloud modernization collaboration with Lumen Technologies. Building on successful migrations to Google Cloud and Microsoft Azure, Amdocs will now leverage aOS, its agentic operating system purpose-built for telecommunications, and AI-driven modernization capabilities to accelerate the transformation of Lumen's enterprise service orchestration and order management platform on Amazon Web Services (AWS), further expanding the multi-cloud collaboration.

LUMN's Q2 loss came in narrower than expected as strategic revenues have risen 14.1% and free cash flow has turned positive despite a 9.3% revenue decline.
