Figma Q2 revenue beats analyst estimates; 2026 outlook lifted

Figma

05/08/2026 21:20

Overview
US digital design platform's Q2 revenue grew 48% yr/yr, beating analyst expectations
Non-GAAP net income positive for Q2, while GAAP net loss widened due to higher expenses
Company raised full year revenue guidance, citing seat expansion and AI adoption

Outlook
Figma raises full-year 2026 revenue guidance to $1.463 bln-$1.467 bln
Company expects Q3 2026 revenue between $373.0 mln and $375.0 mln
Figma sees full-year 2026 non-GAAP operating income of $125 mln-$135 mln

Result Drivers
AI ADOPTION AND MONETIZATION - Co said accelerated revenue growth was driven by expanded AI features and first full quarter of AI credit monetization
SEAT EXPANSION - Co attributed growth to sustained expansion in paid seats among customers
NEW PRODUCT CAPABILITIES - Launch of Code Layers, creative tools and Figma agent expanded platform use cases and contributed to growth

Company press release: ID:nBw845LjJa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$370.08 mln
$351.56 mln (12 Analysts)
Q2 Adjusted Net Income
 
$42.60 mln
 
Q2 Gross Profit
 
$309.61 mln
 
Q2 Income From Operations
 
-$117.29 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Figma, Inc. is $30.00, about 10.6% above its August 4 closing price of $27.12
The stock recently traded at 87 times the next 12-month earnings vs. a P/E of 71 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)