$Figma(FIG)$ Going into Figma’s Q2 2026 earnings (Aug. 5), expectations are high because management already guided above Wall Street estimates last quarter. Consensus expectations * Revenue: Around $350-352 million, roughly 40-41% YoY growth. * EPS: Around $0.04 per share. What I’m watching Bullish case (most important) * Revenue above $350M. * Continued 40%+ growth. * Strong enterprise seat expansion. * AI products (Figma Make, Weave, Dev Mode) contributing meaningful paid adoption. * Q3 and full-year guidance raised again. If all of those happen, I think the stock could easily see a 10–20% move higher because investors are still debating whether Figma deserves a premium valuation. Bearish case Even if Figma beats estimates, the stock could