Figma shares decline despite strong earnings, focus on AI-driven future
Figma’s stock price has decreased by approximately 41% in 2026, contrasting with a 12% increase in the S&P 500 index. Concerns arose earlier in the year regarding potential competition from artificial intelligence. However, a general sense of apprehension surrounding AI’s impact on the software industry has lessened as established companies have demonstrated consistent growth.
Figma aims to leverage the increasing use of AI in website and application development. The company recently began providing clients with additional AI credits while keeping prices stable.
“What that means is you’re potentially trading off near-term revenue, investing in your customers, and then allowing yourself to then grow durably over the long term,” stated Praveer Melwani, Figma’s finance chief, in an interview with CNBC on Wednesday.
The number of weekly users from organizations spending over $10,000 on Figma who utilized AI credits rose by nearly 50% during the last quarter, according to a company statement. Figma’s internal AI model now accounts for double the amount of work previously seen, and the frequency of users reverting AI-generated actions has decreased.
“If there’s certain actions that we can power for our customers at lower latency, lower cost, or similar quality to third party, we’re open to that as well,” Melwani added.
Company executives are scheduled to discuss the results with analysts during a conference call beginning at 5 p.m. ET.
Source
“Figma sinks after earnings beat as company prioritizes long-term growth with AI changes”
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