Figma Drops 16.52% to $23.50 After Q2 Beat and Raised 2026 Revenue Outlook
Updated
Updated · Benzinga · Aug 5
Figma Drops 16.52% to $23.50 After Q2 Beat and Raised 2026 Revenue Outlook
2 articles · Updated · Benzinga · Aug 5
Summary
Figma shares fell 16.52% in after-hours trading to $23.50 even after the design software company topped Wall Street’s Q2 estimates and lifted guidance.
Q2 revenue rose 48% to $370.08 million, beating the $351.56 million consensus, while adjusted EPS came in at $0.08 versus expectations for $0.04.
The company forecast third-quarter revenue of $373 million to $375 million, above the $364.87 million estimate, and raised full-year revenue guidance to $1.463 billion-$1.467 billion from $1.422 billion-$1.428 billion.
Operating momentum also stayed strong, with net dollar retention at 136%, 15,964 customers generating more than $10,000 in ARR, and 1,635 above $100,000.
Figma said AI credit add-ons and seat expansion supported the outlook, with executives set to discuss the quarter further on a 5 p.m. ET earnings call.