Figma raises full-year revenue outlook on early AI monetization traction

Figma

14/05/2026 21:14

Overview

US collaborative design platform's Q1 revenue rose 46%, beating analyst expectations

Company raised full-year revenue and non-GAAP operating income guidance on AI adoption, seat expansion

Growth driven by seat expansion, AI product adoption, and increased large customer engagement

Outlook

Figma sees Q2 2026 revenue between $348 mln and $350 mln

Company raises full-year 2026 revenue outlook to $1.422 bln-$1.428 bln

Figma expects 2026 non-GAAP operating income of $125 mln-$135 mln

Result Drivers

SEAT EXPANSION - Figma said stronger-than-expected seat expansion across organizations drove Q1 outperformance

AI PRODUCT ADOPTION - Company cited growing adoption and monetization of AI products such as Figma Make, MCP, and Weave as key drivers

LARGE CUSTOMER GROWTH - Growth in paid customers with over $100,000 in ARR accelerated, with increased usage of AI features among these customers

Company press release: ID:nBw37KsCQa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$333.44 mln
$313.16 mln (11 Analysts)
Q1 Gross Profit
$264.77 mln
Q1 Income From Operations
-$137.40 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 10 "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 $38.50, about 103.3% above its May 13 closing price of $18.94

The stock recently traded at 76 times the next 12-month earnings vs. a P/E of 107 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)