--- title: "Figma grew 48% and raised its outlook. The stock fell 16% because of AI costs" url: https://daily.dev/posts/figma-grew-48-and-raised-its-outlook-the-stock-fell-16-because-of-ai-costs-quy9nowhc source_url: https://thenextweb.com/news/figma-q2-2026-earnings-ai-costs-margin-stock-drop type: article source: "The Next Web" published: 2026-08-06T14:28:34.481Z updated: 2026-08-06T14:28:58.905Z tags: ["figma", "design-tools"] reading_time: 3 upvotes: 0 comments: 0 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Figma grew 48% and raised its outlook. The stock fell 16% because of AI costs **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments ## Summary Figma reported Q2 2026 revenue of $370.1m, up 48% year-over-year and beating estimates, yet its stock fell ~16% after hours. The culprit: R&D spending more than doubled to $167.3m and total operating expenses nearly doubled to $426.9m, swinging the company to a $117.3m GAAP operating loss. Adjusted operating margin compressed from 16% to 10% in a single quarter. Despite strong AI adoption signals — 80%+ of top customers using AI credits weekly and over half using the Figma agent — the flat profit outlook alongside rising revenue guidance spooked investors. Q3 revenue growth is expected to decelerate to ~36%. The sell-off spread to Salesforce, ServiceNow, Intuit, and Adobe, signaling broader investor concern about AI spending squeezing software margins. Two C-suite departures (CMO and CPO) added to the uncertainty. Figma's CFO framed the spending as a deliberate long-term investment, noting AI tools are already enabling the company to hire fewer people than planned. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Figma Q1 revenue grows 46% as AI credit monetization shows early traction](https://daily.dev/posts/figma-q1-revenue-grows-46-as-ai-credit-monetization-shows-early-traction-kqfdl3twl) · The Next Web · 0 upvotes · 0 comments --- Tags: [#figma](https://daily.dev/tags/figma), [#design-tools](https://daily.dev/tags/design-tools) [View this post on daily.dev](https://daily.dev/posts/figma-grew-48-and-raised-its-outlook-the-stock-fell-16-because-of-ai-costs-quy9nowhc)