Figma's stock experienced an after-hours soar of 8.94% on Thursday, following the release of its first-quarter financial results and updated annual forecast.

The collaborative design platform reported quarterly adjusted earnings of $0.10 per share, surpassing the analyst consensus estimate of $0.06 by 66.67%. First-quarter revenue reached $333.44 million, beating estimates of $313.16 million and representing a 46.12% increase year-over-year. Crucially, the company raised its full-year 2026 revenue outlook to a range of $1.42 billion to $1.43 billion, up from its prior forecast of $1.36 billion to $1.37 billion and above analyst expectations.

Management attributed the strong performance and optimistic guidance to the growing adoption and monetization of its artificial intelligence tools, which are helping convert more users to paid plans and expanding software usage among large corporate customers. The company noted that over 75% of its "Org" and "Enterprise" users continued utilizing AI credits in April, demonstrating strong traction for its recently monetized AI features.