Overview
- Shares climbed roughly 14% to about $30.89 in late August as a broad rally in enterprise software pushed money back into design and collaboration stocks.
- Investors reacted to Salesforce's record Q2 — $11.35 billion in net sales and $5.90 adjusted EPS — as a signal that AI can support, not hurt, traditional cloud software growth.
- Figma had already reported accelerating growth for the August quarter with $370.1 million in revenue, a 48% year‑over‑year gain, and management raised full‑year 2026 revenue guidance by $40 million.
- More than half of paying customers with over $10,000 in annual recurring revenue were using Figma's AI agent weekly, which executives say is driving engagement and changes to designers' workflows.
- The rally occurred on trading volume about 71% below average, analysts remain divided and the market will be watching whether rising AI usage turns into sustained margin recovery through 2027.