Shares of Figma Inc (NYSE:FIG) are trading higher Thursday, rising in sympathy with Salesforce Inc (NYSE:CRM) following its blowout second-quarter earnings report, as shifting market sentiment views artificial intelligence integration as a long-term growth catalyst for SaaS firms rather than a competitive threat.

Here’s what investors need to know.

Salesforce Blowout Earnings Trigger Sympathy Rally Across Enterprise SaaS

Figma’s surge is part of a broader software rally triggered by Salesforce’s blowout second-quarter earnings report. On Wednesday evening, Salesforce reported record second-quarter net sales of $11.35 billion and adjusted EPS of $5.90 (beating estimates by 80%), while raising its full-year outlook.

Salesforce’s massive beat and surging AI agent adoption eased investor fears that AI would cannibalize traditional cloud software, lifting peer stocks in sympathy, including Figma.

Q2 Earnings Acceleration and Upgraded Full-Year Outlook Anchor Rebound

Underpinning Thursday’s buying pressure is continued digestion of Figma’s second-quarter 2026 financial report delivered on Aug. 5. The company posted revenue of $370.1 million, up 48% year-over-year, marking its third consecutive quarter of accelerating top-line growth.

Additionally, management raised its full-year 2026 revenue guidance to a range of $1.463 billion to $1.467 billion (up by $40 million). As of July 31, over 50% of paid customers generating over $10,000 in ARR were actively using the new Figma AI agent on a weekly basis.

Management Commentary Highlights Value Shift Up The Stack

During the second-quarter earnings call on Aug. 5 Co-founder and Chief Executive Officer Dylan Field emphasized how generative AI expands Figma’s total addressable market:

"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… By bringing code, new creative capabilities, and AI workflows together, we are enabling teams to build better digital products faster."

FIG Shares Surge Thursday

FIG Price Action: Figma shares were up 14.28% at $30.89 at the time of publication on Thursday, according to Benzinga Pro data.

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