Lumen narrows loss, lifts free cash flow forecast on tax savings

Lumen Technologies on Thursday reported a smaller-than-expected second-quarter loss and raised its full-year free cash flow forecast by more than 60%, helped by cost savings from President Trump’s tax cut legislation.

The telecom and networking firm posted an adjusted loss of 3 cents per share, compared with analysts’ expectations of a 26-cent loss, according to data compiled by LSEG.

Lumen now expects 2025 free cash flow between $1.2 billion and $1.4 billion, up from a prior range of $700 million to $900 million.