Cricut Beats EPS Forecast but Misses Revenue, Shares Down 16% YTD

Context Cricut, Inc. (CRCT) reported results for the quarter ended March 2026. The company operates in the consumer‑crafts technology space, selling cutting machines and design software. Investors watch both earnings per share (EPS) – profit divided by the number of shares – and total revenue to gauge performance.

Key Facts - Adjusted EPS came in at $0.10, double the consensus estimate of $0.05. The prior year’s quarter delivered $0.11 EPS. - Revenue reached $159.47 million, 2.8% below the consensus forecast and down from $162.63 million a year earlier. - Since January, Cricut’s share price has fallen roughly 16%, while the broader S&P 500 index has risen 5.2%. - The company has exceeded EPS expectations three times in the last four quarters but missed revenue estimates in three of those periods.

What It Means Beating the EPS forecast shows Cricut can generate profit above analyst expectations, but the revenue shortfall signals weaker demand for its hardware and software kits. The divergence suggests cost controls or pricing adjustments helped profit, yet top‑line growth remains a challenge. The stock’s 16% decline contrasts sharply with the market’s overall rise, indicating investors are penalizing the revenue miss more than rewarding the earnings beat.

Looking ahead, analysts project EPS of $0.04 for the next quarter and $0.14 for the full fiscal year, with revenue expectations of $167.84 million and $706.52 million respectively. Changes in those estimates will likely drive the next price movement. Investors should monitor Cricut’s upcoming earnings call for guidance on product pipelines and demand trends.

What to watch next: revisions to quarterly earnings forecasts and any new guidance on revenue growth will be key indicators of Cricut’s trajectory.