On August 6, Figma declined 15.45% overnight, trading at $23.75/share, with turnover of $88,000.
On the news front, Figma reported Q2 results that significantly exceeded expectations, but the stock sold off as the company maintained its full-year profit guidance unchanged, fueling concerns that aggressive AI investment may erode margins.
Specifically, Figma posted Q2 revenue of $370.1 million, up 48% year-over-year, beating the consensus estimate of $351.6 million. Adjusted EPS came in at $0.08, doubling the $0.04 estimate. The company also raised its full-year revenue guidance to $1.463 billion-$1.467 billion, above the analyst consensus of $1.44 billion, and guided Q3 revenue of $373-$375 million versus the $364.9 million estimate. However, by keeping full-year profit expectations flat, the market interpreted this as a signal that incremental AI spending could compress profitability. Additionally, shares had rallied sharply in the sessions leading up to earnings on sector-wide AI software optimism and bullish institutional coverage, creating conditions for a classic sell-the-news reaction as investors locked in gains.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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