Palantir and Lumen partner to accelerate telecom transformation

DENVER - Palantir Technologies Inc. (NASDAQ:PLTR) and Lumen Technologies (NYSE:LUMN), a technology infrastructure company with a market capitalization of $4.87 billion, announced a collaboration to implement Palantir’s Foundry and Artificial Intelligence Platform (AIP) across Lumen’s operations as the company transforms from a traditional telecom provider into a technology infrastructure company. According to InvestingPro data, Lumen maintains strong liquidity with current assets exceeding short-term obligations by more than 2x.

The partnership aims to streamline workflows and simplify complex legacy operations across Lumen’s business functions. According to the companies, the software will help with customer service, compliance reporting, decommissioning legacy infrastructure, and migrating products to modernized systems. This transformation comes as Lumen manages annual revenues of $12.82 billion while facing operational challenges, with InvestingPro analysis showing four analysts recently revising their earnings expectations upward for the upcoming period.

"As Lumen powers the backbone of the AI economy, we’re determined to make our own operations intelligent and efficient, just like the networks we deliver to our customers," said Dave Ward, chief technology and product officer of Lumen Technologies.

Lumen is focusing on leveraging its physical fiber network and digital platform to meet customers’ multi-cloud and AI-ready needs. The company describes itself as "the trusted network for AI" in the announcement.

Ted Mabrey, Head of Palantir Commercial, stated that "Lumen is redefining what’s possible in telecom by fusing AI into the very fabric of its operations."

The companies did not disclose financial terms or the duration of the agreement in their press release statement. For investors seeking deeper insights into Lumen’s financial health and growth prospects, InvestingPro offers comprehensive analysis with over 10 additional ProTips and detailed metrics available in their Pro Research Report, part of their coverage of 1,400+ US equities.

Palantir, known for its data analytics software, has been expanding its AI offerings through its AIP product. Lumen operates one of the largest fiber network infrastructures in the United States.

In other recent news, Lumen Technologies reported its second-quarter 2025 earnings, showing a narrower-than-expected loss per share and a slight revenue miss. The company achieved an earnings per share (EPS) of -$0.03, significantly better than the forecasted -$0.25, representing an 88% positive surprise. Revenue was reported at $3.09 billion, just below the anticipated $3.11 billion. Additionally, Lumen has been expanding its high-speed connectivity services, offering up to 400Gbps across 16 metro markets and over 70 data centers in the United States. This expansion aims to meet the rising demand for artificial intelligence and multi-cloud deployments. In a strategic move, Lumen appointed Sean Alexander as Senior Vice President of Connected Ecosystems to drive customer co-innovation and new revenue streams. The company also announced it has surpassed 1,000 customers on its Network-as-a-Service (NaaS) platform, which allows businesses to connect applications quickly and scale bandwidth as needed. Furthermore, Goldman Sachs has assumed coverage on Lumen with a Neutral rating, noting the company’s ongoing business turnaround initiatives.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.