Cricut Shares Surge 50% Following Strong Third Quarter Earnings Beat
Cricut (CRCT) shares experienced a significant rally, climbing 50% following the release of its third-quarter 2026 financial results. The company significantly outperformed Wall Street expectations, reporting earnings per share of $0.13 against an anticipated $0.05, and revenue of $188.6 million compared to the consensus estimate of $164.4 million. Growth was primarily driven by the Products division, which saw a 17% increase in sales, bolstered by a 30% surge in international markets. While year-over-year comparisons were aided by a softer third quarter in 2025, the results suggest sustained momentum for Cricut's installed base of machines and its ability to drive revenue through new product introductions.
Tickers: $CRCT
Topics: earnings beat product sales revenue growth stock price surge