Cricut, Inc. (CRCT) Earnings
Cricut, Inc. is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $0.04. CRCT has beaten EPS estimates in 5 of its last 10 reported quarters (average surprise +62.5% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $0.05 | $0.10 | +100.0% | $159M | -3.0% |
| Mar 3, 2026 | $0.04 | $0.04 | +0.0% | $204M | +28.6% |
| Nov 4, 2025 | $0.05 | $0.10 | +100.0% | $170M | -15.7% |
| Mar 4, 2025 | $0.04 | $0.06 | +50.0% | $209M | -2.4% |
| Mar 5, 2024 | $0.05 | $0.05 | +0.0% | $231M | -7.4% |
| Mar 7, 2023 | $0.06 | $0.05 | -16.7% | $281M | +16.3% |
| Mar 8, 2022 | $0.22 | $0.05 | -77.3% | $388M | -4.8% |
| Nov 10, 2021 | $0.16 | $0.13 | -18.8% | $260M | -11.8% |
| Aug 12, 2021 | $0.20 | $0.22 | +10.0% | $334M | +0.0% |
| May 13, 2021 | $0.21 | $0.24 | +14.3% | $324M | +16.7% |
| Mar 25, 2021 | — | $0.20 | — | $209M | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 5, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Q1 began to see early benefits of platform-first strategy. Launched new machines and first service offering. Pleased with user growth, profitability, platform revenue growth, but total company sales declined. Priorities include broadening awareness, addressing barriers of ease of use and affordability, investing in onboarding and bundles. Saw progress in marketing, platform innovation, engagement, with paid subscribers increasing and new service offering having encouraging early response.
Guidance
Focused on accelerating investments in R&D, new product launches, and marketing including international markets. Expect Q2 total company revenue not to grow year over year. Platform revenues expected to grow each quarter. Confident in growth in the second half. Expect to be profitable each quarter and generate cash flow from operations for full year 2026. Continue with $50 million stock repurchase program and semiannual dividend.
Segment performance
In Q1, revenue was $159.5 million, a 2% decline compared to the prior year. Platform revenue in Q1 2026 was $84.8 million, up nearly 6% year-over-year. Product revenue was $74.7 million, down 9.6% year-over-year. International sales grew over 16% year-on-year to $40.9 million, representing 26% of total revenue in Q1 2026. Platform gross margin was 89%, product gross margin was 23.1%.
Risks & headwinds
Tariff uncertainty, input costs, supply chain dynamics, cautious consumer environment in certain markets.