FIG Stock Jumps After-Hours After Raising Annual Revenue Forecast As AI-Powered Design Garners Demand

• Figma’s prior 2026 revenue forecast was of $1.36 billion to $1.37 billion. 
• FIG forecast second-quarter revenue of between $348 million and $350 million.
• Q1 revenue of $333.4 million, beat estimates of $313.2 million. 

Figma (FIG) shares soared 13% after hours after the company raised its full-year revenue outlook, which was higher than analysts' expectations, as users piled into its AI software for web and application design. 

Total revenue came in at $333.4 million in the first quarter ending March. Analysts, on average, projected about $316 million, according to data compiled by Fiscal.ai. The company’s second-quarter revenue expectations of $348 million to $350 million also came in higher than analysts' ​estimate of $329 million. 

Figma raised its full-year 2026 revenue expectations to $1.42 billion and $1.43 billion, compared with its prior forecast of $1.36 billion to $1.37 billion, beating analyst expectations of $1.37 billion for the year. 

Figma, along with other bespoke software providers, was recently under pressure as investors believed most of the demand for their services would be taken over or disrupted by AI-based services. 

“In March, Figma began charging customers fees to use AI features beyond a certain limit. More than 75% of higher-tier customers who passed that limit opted to continue with more credits,” said Chief Financial Officer Praveer Melwani in a post-earnings analyst call. 

Figma’s Q1 2026 earnings of $0.10 exceeded the forecast of $0.06 by 66.67%.  

Competition From Claude?

Anthropic launched Claude Design in April this year, a new Anthropic Labs product that lets the user collaborate with Claude to create polished visual work like designs, prototypes, slides, one-pagers, and more. Claude Design is powered by the company's Claude Opus 4.7 and was made available for Claude Pro, Max, Team, and Enterprise subscribers. 

"Claude Design gives designers room to explore widely and everyone else a way to produce visual work,” Anthropic said in a statement. 

“Anyone building software today knows that we are living through an extraordinary time, because with AI, what used to take months can now ship in sometimes an afternoon,” said Dylan Field, Co-founder and Chief Executive Officer, Figma. 

“The bottleneck has shifted away from can we build it and toward can we imagine something that’s worth building? More design tools are launching, more people are creating, more software is now being built than ever before,” added Field. 

FIG Retail View

Retail sentiment on Stocktwits was “extremely bullish” with “extremely high” message volumes. 

One user appreciated the company’s financials and added, “This is called growth.”

The stock has lost 46% year-to-date.

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