On August 6, Figma fell 8.55% in after-hours trading, trading at $25.46/share, with turnover of $23.85 million.
On the news front, Figma reported Q2 adjusted EPS of $0.08, doubling the analyst consensus estimate of $0.04, while quarterly revenue of $370.08 million exceeded the $351.56 million estimate. The company simultaneously raised its full-year revenue guidance to $1.463-1.467 billion, implying approximately 39% year-over-year growth, above the prior 35% growth expectation and analyst estimates of 36.1%.
Despite the earnings beat and upward guidance revision, the stock declined sharply in after-hours trading as it had already accumulated significant gains ahead of the report. Figma rose 5.63% on August 3 and 5.14% on August 4, driven by AI application software sector strength and institutional bullish sentiment ahead of earnings. The prior rally, combined with elevated expectations, triggered profit-taking upon the results release.
Figma is an AI-powered collaborative design platform founded in 2012, offering products including FigJam, Figma Slides, Figma Design, Dev Mode, and Figma Sites, headquartered in San Francisco.
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