{"data":{"ticker":"LUMN","slug":"lumen-technologies","name":"Lumen Technologies","exchange":"NYSE","sector":"Communication Services","headquarters":"Monroe, LA","ceo":"Kathleen E. Johnson","employees":24000,"website":"https://www.lumen.com","founded":"1930","layers":[{"slug":"networking","name":"Networking & Optics"},{"slug":"cloud-infrastructure","name":"Cloud & Hyperscalers"}],"exposure":{"score":42,"tier":"Growing","rationale":"Lumen's Private Connectivity Fabric deals with Microsoft and other hyperscalers made AI data center interconnection the company's central growth story, backed by a major fiber supply agreement with Corning. The thesis depends on converting that contracted AI demand into durable growth while legacy telecom services continue to decline."},"quote":{"price":4.83,"change24hPct":-1.02,"change7dPct":9.03,"change30dPct":-16,"change1yPct":-59.17,"high52w":11.83,"low52w":4.43,"marketCap":4976402432,"peRatio":null,"eps":-1.02,"volume24h":60100173},"nextEarningsDate":"2026-11-04","summary":"Lumen Technologies is a telecommunications company built around one of the largest long-haul fiber networks in the United States. It earns revenue selling connectivity and network services to enterprises, governments, hyperscalers, and consumers, spanning fiber broadband, dedicated wavelengths, dark fiber, and managed services.","explainer":["Lumen Technologies is a telecommunications company built around one of the largest long-haul fiber networks in the United States. It earns revenue selling connectivity and network services to enterprises, governments, hyperscalers, and consumers, spanning fiber broadband, dedicated wavelengths, dark fiber, and managed services.","The AI story centers on Private Connectivity Fabric, dedicated fiber routes that interconnect AI data centers for hyperscalers. Microsoft and other large cloud companies have signed major agreements for this capacity, and a supply agreement with Corning secures the fiber needed to build it. Legacy voice and copper-era services still make up much of the business and continue to shrink.","Founded in 1930 and headquartered in Monroe, Louisiana, Lumen employs about 24,000 people and trades on the NYSE."],"buildoutRole":"Lumen sits in the Networking layer and the Cloud Infrastructure layer of the AI buildout. Training and serving AI models increasingly spreads across multiple data centers, which need high-capacity fiber between them. Lumen's long-haul network and Private Connectivity Fabric deals position it as a backbone carrier for that data-center-to-data-center traffic. Its exposure is real and contracted, but it is layered on top of a declining legacy telecom base, which is why Supercycle scores it in the Growing band.","faq":[{"q":"What does Lumen Technologies do?","a":"Lumen operates a nationwide fiber network and sells connectivity services: enterprise networking, dedicated wavelengths, dark fiber, edge services, and consumer fiber broadband. Its customers range from large enterprises and government agencies to the hyperscale cloud providers building AI infrastructure."},{"q":"How is Lumen exposed to AI?","a":"Hyperscalers including Microsoft have signed major Private Connectivity Fabric deals to link AI data centers over Lumen's fiber. Supercycle rates it Growing with an AI Exposure Score of 42 out of 100, since legacy telecom still generates most of the business."},{"q":"What is Private Connectivity Fabric?","a":"It is Lumen's offering of dedicated, custom fiber routes built for hyperscalers and large enterprises that need to move enormous volumes of data between AI data centers. These are long-term capacity deals, supported by a fiber supply agreement with Corning."},{"q":"Who leads Lumen and where is it based?","a":"Kathleen Johnson, known as Kate Johnson, serves as CEO. The company was founded in 1930, is headquartered in Monroe, Louisiana, and employs about 24,000 people. It trades on the NYSE under the ticker LUMN."},{"q":"Is LUMN a pure play AI stock?","a":"No. Lumen is a telecom carrier whose AI interconnect deals sit alongside a large legacy communications business. Supercycle places it in the Growing tier: AI demand is the central growth narrative, but not yet the majority of the company."}],"history1y":[{"date":"2026-09-22","close":6.38},{"date":"2026-09-23","close":6.13},{"date":"2026-09-24","close":5.86},{"date":"2026-09-25","close":5.71},{"date":"2026-09-28","close":5.53},{"date":"2026-09-29","close":5.54},{"date":"2026-09-30","close":5.6},{"date":"2026-10-01","close":5.59},{"date":"2026-10-02","close":5.75},{"date":"2026-10-05","close":5.62},{"date":"2026-10-06","close":5.91},{"date":"2026-10-07","close":5.91},{"date":"2026-10-08","close":5.56},{"date":"2026-10-09","close":5.28},{"date":"2026-10-12","close":5.05},{"date":"2026-10-13","close":4.99},{"date":"2026-10-14","close":4.55},{"date":"2026-10-15","close":4.87},{"date":"2026-10-16","close":4.65},{"date":"2026-10-19","close":4.46},{"date":"2026-10-20","close":4.48},{"date":"2026-10-21","close":4.46},{"date":"2026-10-22","close":4.46},{"date":"2026-10-23","close":4.57},{"date":"2026-10-26","close":4.43},{"date":"2026-10-27","close":4.69},{"date":"2026-10-28","close":4.8},{"date":"2026-10-29","close":4.79},{"date":"2026-10-30","close":4.88},{"date":"2026-11-02","close":4.83}],"incomeStatements":[{"ticker":"LUMN","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":12402000000,"cost_of_revenue":6638000000,"gross_profit":5764000000,"operating_expense":0,"operating_income":-184000000,"net_income":-1739000000,"earnings_per_share":-1.75,"earnings_per_share_diluted":-1.75,"research_and_development":0,"selling_general_and_administrative_expenses":3199000000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"LUMN","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":13108000000,"cost_of_revenue":6703000000,"gross_profit":6405000000,"operating_expense":0,"operating_income":477000000,"net_income":-55000000,"earnings_per_share":-0.06,"earnings_per_share_diluted":-0.06,"research_and_development":0,"selling_general_and_administrative_expenses":2972000000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"LUMN","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":14557000000,"cost_of_revenue":7144000000,"gross_profit":7413000000,"operating_expense":0,"operating_income":1230000000,"net_income":-10298000000,"earnings_per_share":-10.48,"earnings_per_share_diluted":-10.48,"research_and_development":0,"selling_general_and_administrative_expenses":3198000000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"LUMN","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","revenue":17478000000,"cost_of_revenue":7868000000,"gross_profit":9610000000,"operating_expense":0,"operating_income":3293000000,"net_income":-1548000000,"earnings_per_share":-1.54,"earnings_per_share_diluted":-1.54,"research_and_development":0,"selling_general_and_administrative_expenses":3078000000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"LUMN","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":34342000000,"current_assets":7909000000,"cash_and_equivalents":1003000000,"total_liabilities":35459000000,"current_liabilities":4390000000,"total_debt":17707000000,"shareholders_equity":-1117000000,"retained_earnings":-19701000000},{"ticker":"LUMN","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":33496000000,"current_assets":4394000000,"cash_and_equivalents":1889000000,"total_liabilities":33032000000,"current_liabilities":3639000000,"total_debt":18159000000,"shareholders_equity":464000000,"retained_earnings":-17962000000},{"ticker":"LUMN","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":34018000000,"current_assets":4775000000,"cash_and_equivalents":2234000000,"total_liabilities":33601000000,"current_liabilities":3534000000,"total_debt":20256000000,"shareholders_equity":417000000,"retained_earnings":-17907000000},{"ticker":"LUMN","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","total_assets":45612000000,"current_assets":5451000000,"cash_and_equivalents":1251000000,"total_liabilities":35238000000,"current_liabilities":4897000000,"total_debt":20916000000,"shareholders_equity":10374000000,"retained_earnings":-7609000000}],"holders13f":[{"slug":"ray-dalio","personName":"Ray Dalio","fundName":"Bridgewater Associates","value":375813,"portfolioPct":0.000015417281996332,"change":"trimmed","period":"2026-06-30"}],"news":[]},"meta":{"version":"v1","asOf":"2026-11-02","builtAt":"2026-11-03T05:33:50.040Z","tier":"free","source":"https://supercyclehq.com/stock/lumen-technologies","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/LUMN","html":"https://supercyclehq.com/stock/lumen-technologies","md":"https://supercyclehq.com/stock/lumen-technologies.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}