Figma Shares Fall Despite Beating Third-Quarter Expectations
Figma shares dropped 7% in extended trading after the company reported third-quarter results and raised full-year guidance despite ongoing investor concerns over AI competition.
Shares of Figma fell 7% in extended trading following the release of third-quarter financial results that exceeded Wall Street expectations. The company reported revenue of $391.4 million and adjusted earnings per share of 10 cents, beating predictions of $375.8 million and 5 cents, respectively.
Figma raised its full-year revenue forecast to a range between $1.497 billion and $1.499 billion and increased its projected operating margin to 11%. Despite these gains, the stock has declined 41% throughout 2026 as investors express concern regarding competition from artificial intelligence.
To secure long-term growth, the company is providing more AI credits to clients while keeping prices stable. Chief Finance Officer Praveer Melwani stated that this strategy involves "trading off near-term revenue, investing in your customers, and then allowing yourself to then grow durably over the long term."
