What is Lumen Technologies's strategic — OPERATING REVENUE?

Lumen Technologies (LUMN) reported strategic — OPERATING REVENUE of $1.25B in Q1 2026.

What does strategic — OPERATING REVENUE mean?

This metric represents the total revenue generated from the company's core, high-growth product lines that are central to its long-term business strategy. It excludes legacy or declining service offerings to provide a clearer view of the company's transition toward modern enterprise communication and data solutions. Tracking this revenue stream is essential for evaluating the success of the company's pivot toward high-demand digital infrastructure.

Lumen Technologies (LUMN) Strategic — OPERATING REVENUE

Screener

Other product segments

Legacy

$1.2B—

Other Broadband

$205M-20.2%

Voice and Other

$158M-17.7%

Fiber Broadband

$92M-56.0%

Similar metrics at other companies

FCNStrategic Communications — Revenue

$99.98M-2.6%

LODEStrategic Investments — Revenue

$0—

PLDStrategic Capital — Revenue

$150.35M+11.1%

COROther non-strategic businesses — Revenue

$733.55M+15.4%

HHHStrategic Developments Segment — Revenue

$4.41M+416%

WYStrategic Land Solutions — Revenue

$207M+120%

Other financials

Income statement

See full

Revenue$2.9B-8.9%

Gross profit$1.5B-2.1%

Operating income$602.0M+463%

Net income-$200.0M+0.5%

EPS (diluted)-$0.200.0%

Balance sheet

See full

Cash & equivalents$1.6B-14.4%

Total debt$13.4B-29.0%

Total equity-$1.3B-556%

Total assets$30.6B-8.7%

Cash flow

See full

Operating cash flow$1.3B+20.8%

CapEx$943.0M+19.2%

Free cash flow$380.0M+25.0%

Valuation

See full

Market cap$6.27B+62.5%

Enterprise value$18.05B-15.7%

P/S0.5×+0.2×

Profitability

See full

Gross margin47.3%-0.9pp

Operating margin-2.6%-6.6pp

Net margin-14.3%—

FCF margin-3.9%-9.2pp

Returns & leverage

See full

Return on equity-170.9%+20.5pp

Debt / equity65.4×+26.1×

Current ratio1×-0.2×

Where this comes from

Reported directly by Lumen Technologies in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Lumen Technologies’s 10-Q, filed May 5, 2026.

Filed: May 5, 2026, 4:18 PM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0000018926-26-000046

Line item	Total Revenue	Adjustments for Non-ASC 606 Revenue (1)	Total revenue from Contracts with Customers
Legacy	39	—	39
Total International and Other	73	(1)	72
Business Revenue by Product Category
Strategic	1,246	(240)	1,006
Legacy	1,198	(41)	1,157
Total Business Revenue	2,444	(281)	2,163
Mass Markets by Product Category
Fiber Broadband	92	(17)	75

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Lumen Technologies's strategic — OPERATING REVENUE?: Lumen Technologies (LUMN) reported strategic — OPERATING REVENUE of $1.25B in Q1 2026.
What does strategic — OPERATING REVENUE mean?: This metric represents the total revenue generated from the company's core, high-growth product lines that are central to its long-term business strategy. It excludes legacy or declining service offerings to provide a clearer view of the company's transition toward modern enterprise communication and data solutions. Tracking this revenue stream is essential for evaluating the success of the company's pivot toward high-demand digital infrastructure.