Micron Technology's Q4 earnings guidance falls short of expectations, raising concerns over tight memory supply

Glonghui, February 6th｜Chip manufacturer Microchip Technology announced its financial results for the third quarter of fiscal year 2026, with net sales increasing by 15.5% year-on-year to $1.19 billion, surpassing analysts’ expectations of $1.18 billion. Adjusted earnings per share were $0.44, also higher than analysts’ expectations of $0.41. Looking ahead to the fourth quarter, the company expects net sales to be between $1.24 billion and $1.28 billion, and adjusted earnings per share to be about $0.4. Analysts’ expectations are $1.23 billion and $0.48, respectively. The performance guidance has raised market concerns about the impact of tight memory supply on the entire semiconductor industry.