markets

J. Edward Moreno & Luke Kawa2/18/26

Figma spikes after reporting better-than-expected Q4 results, blowout Q1 and full-year sales guidance

Figma reported Q4 results that exceeded Wall Street’s expectations and robust sales guidance for the current quarter and full year.

Shares are spiking in after-hours trading.

For the final three months of 2025, the digital design and development platform company reported:

Revenue of $303.8 million, compared to the $293.1 million analysts were penciling in.
Adjusted earnings per share of $0.08, compared to the $0.07 analysts polled by Bloomberg expected.

For sales, management expects:

Q1 revenue between $315 million and $317 million (estimate: $293.6 million).
Full-year revenue between $1.366 billion and $1.374 billion (estimate: $1.29 billion).

The lower ends of these ranges are above the highest analyst sales estimates for both Q1 and 2026 as a whole.

This marks the company’s second earnings report since going public over the summer. Its share price has taken a hit this year alongside many of its software peers, and management will be looking to show that AI can be an accelerant, rather than a threat, to its business. On Tuesday, Figma announced a partnership with Anthropic to integrate AI coding tools.

“Our healthy balance sheet and positive free cash flow gives us the flexibility to continue investing in AI and the platform while maintaining financial discipline for sustainable, long-term growth,” CFO Praveer Melwani said in the press release.

As of the close on Wednesday, the stock was down 35% for the year and roughly 80% below its closing level at the time of its July IPO.

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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markets

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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