Figma (FIG) is expected to report Q2 2026 revenue of $351.52 million and an EPS of -$0.22, with shares currently trading at $24.78, roughly 19% below the average analyst price target of $30.56.
The primary focus for investors is the monetization of Figma's new AI features through its usage-based credit model, which is essential for hitting the company's raised FY2026 revenue guidance.
Following a strong start to the year where net dollar retention reached 139%, the company is looking to prove its ability to upsell enterprise clients into its AI-integrated design suite. However, significant stock-based compensation and increased AI infrastructure spending continue to weigh on GAAP margins, making expense management a critical secondary theme for the call.