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.

(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.)