Why Figma Stock Jumped 18% Friday Morning
Shares of Figma (NYSE: FIG) soared on Friday thanks to an impressive Q1 2026 report. The collaborative design platform specialist's stock peaked at an 18.2% gain around 10:15 a.m. ET, then backed down for a while. It's coming on strong again in the afternoon. As of this writing at 2:20 p.m. ET, Figma is up by 15.4%.
Figma's first-quarter revenue rose 46% year over year to $333 million. The bottom line more than tripled from adjusted earnings of $0.03 to $0.10 per diluted share. The Street consensus had called for earnings near $0.06 per share on sales in the vicinity of $316 million. Management set next-quarter and full-year revenue guidance targets well ahead of the current analyst projections.
On the earnings call, CEO Dylan Field reminded Figma investors that artificial intelligence (AI) is a helpful tool for website and product designers, not a drop-in replacement of Figma's services.
Source Fool.com
