FIGS (FIGS) News Today

FIGS, Inc. (NYSE: FIGS) shares increased sharply after the healthcare-apparel company delivered a strong second quarter, raised its 2026 outlook and expanded its stock-repurchase authorization. The results also prompted a bullish price-target increase from BTIG, although Telsey maintained a more cautious stance.

• Positive Sentiment: Quarterly results exceeded expectations. FIGS reported second-quarter revenue of approximately $196.6 million, up 28.8% year over year and ahead of the $186.2 million consensus estimate. Adjusted earnings were reported at $0.15 per share versus analyst expectations of $0.07 and $0.04 in the prior-year quarter. FIGS Releases Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised its full-year outlook. FIGS issued 2026 revenue guidance of approximately $757.3 million, above the $729.1 million Wall Street consensus. The improved outlook signals continued demand for its healthcare apparel and supports expectations for faster growth. Figs shares jump after strong second-quarter results and higher 2026 outlook
• Positive Sentiment: Share repurchases added another support. FIGS increased its buyback authorization, potentially enhancing per-share earnings and signaling management confidence in the company’s valuation and cash-generation outlook. Figs rallies on impressive growth, upbeat outlook, and increased buyback
• Positive Sentiment: BTIG became more bullish. BTIG Research raised its price target from $20 to $22 and reiterated a “buy” rating, reflecting increased confidence in FIGS’ growth trajectory. Benzinga analyst note
• Neutral Sentiment: Analyst opinion remains mixed. Telsey Advisory Group lowered its target from $17 to $16 and kept a “market perform” rating, suggesting the recent rally may have already priced in much of the earnings improvement. The Fly analyst note