🔴 Figma is trading 15.3% down today on AI spending and margin concerns despite raised revenue guidance

Figma is trading 15.3% down at $23.90 in after-hours trading after reporting Q2 results that raised full-year revenue guidance but highlighted heavier AI infrastructure spending and a tighter margin profile.

• Investors are focused on rising AI-related costs and steady non-GAAP operating income guidance, which pressured sentiment despite strong net dollar retention.
• While the top-line outlook improved, the market reacted negatively to the increased capital requirements for AI infrastructure.