Cricut Shares Surge 50% After Beating Q3 Earnings

Cricut shares surged approximately 50% following the release of third-quarter 2026 financial results that significantly exceeded analyst expectations. The company reported earnings per share of $0.13 on $188.6 million in sales, beating consensus estimates of $0.05 per share and $164.4 million in revenue.

Growth was driven by a 17% increase in product sales and a 30% jump in international sales, supported by a growing installed base of machines. While the surge was aided by soft year-over-year comparisons from the third quarter of 2025, the stock reached price levels not seen since the fall of 2023.

The company maintains a debt-free balance sheet with $272.7 million in cash.