FIGS Reports Record Q2 Growth and Raises 2026 Outlook

FIGS, Inc. reported second-quarter 2026 net revenues of $196.6 million, representing a 29% increase year-over-year. Adjusted earnings of $0.15 per share exceeded Wall Street estimates of $0.07, triggering a 24.56% rise in after-hours share prices. The company achieved record gross margins of 75.2%, though a significant portion of this gain was attributed to IEEPA tariff refunds.

International expansion drove a 67% growth rate as the company expanded its reach to 85 countries. Strategic growth initiatives included the launch of a maternity collection and collaborations with Owala and Star Wars, alongside policy advocacy for healthcare workers on Capitol Hill.

Following these results, the company raised its full-year 2026 net revenue growth outlook to approximately 20% and increased its share repurchase program by $100 million.