Figma Inc (FIG) News & EventsFIGFigma Inc

Western Digital and SanDisk Shares Plunge as Market Awaits Employment Data

Stock futures are mixed Thursday after another round of technology earnings sparked renewed selling in software and semiconductor stocks, while investors continue to monitor developments in the Middle East and look ahead to key labor market data.Technology remains under pressure despite generally solid quarterly results, highlighting investors' increasingly demanding expectations. Shares of Western Digital and Sandisk are falling sharply in premarket trading after their earnings and forward guidance failed to satisfy elevated expectations tied to artificial intelligence demand. The weakness has spread across the semiconductor sector. Software stocks are also retreating following disappointing earnings reactions from several enterprise software companies, reinforcing concerns that valuations across parts of the AI ecosystem remain stretched.Investors are also watching developments surrounding SpaceX as the company's first post-IPO lockup period expires, making a significant number of previously restricted shares eligible for sale. While the stock has remained relatively resilient, the expiration could increase trading volatility as insiders gain the ability to sell shares.Economic data remains a central focus ahead of Friday's July employment report. Markets remain divided over the Federal Reserve's next policy move, with incoming employment data expected to play an important role in shaping expectations for interest rates over the coming months.Investors are monitoring reports of progress toward a potential agreement involving Iran and shipping through the Strait of Hormuz, which has helped keep oil prices relatively contained even as uncertainty persists. Meanwhile, gold has climbed as investors seek defensive assets amid mixed economic signals and ongoing geopolitical risks.In pre-market trading, S&P 500 futures rose 0.13%, Nasdaq futures fell 0.60% and Dow futures rose 0.25%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Modernaup 2% after announcing that the FDA has approved mFlusiva, a new vaccine against seasonal influenza, for use in all adults 50 years and olderUP AFTER EARNINGS -SiTimeup 27%Watts Waterup 4%Warner Bros. Discoveryup 1%Conoco Phillipsup 1%Keurig Dr Pepperup 1%Airbnbup 1%DOWN AFTER EARNINGS -AppLovindown 18%Datadogdown 15%Western Digitaldown 15%Figmadown 14%Fiservdown 12%Pelotondown 12%Zillowdown 12%SanDiskdown 9%Warby Parkerdown 8%TripAdvisordown 7%

Figma Sees Q3 Revenue of $373M-$375M

Figma sees Q3 revenue $373M-$375M, implying 36% year-over-year growth at the midpoint of the range.

Figma Q2 Revenue at $370.1M Beats Expectations

Reports Q2 revenue $370.1M, consensus $351.52M. "Q2 was Figma's third straight quarter of accelerated revenue growth, and as code gets commoditized and value moves up the stack, the opportunity ahead of us has only grown," said Dylan Field, Figma's CEO. "By bringing code, new creative capabilities, and agents directly to the canvas, we're increasing the surface for AI consumption in Figma and expanding the possibilities for what teams can create on our platform. Figma is building the canvas for full-stack creation: one place where anyone can reach for the tool they need to express their vision exactly as they imagine it."