U.S. chipmaker Micron forecasts first-quarter revenue below estimates

September 28, 2021

(Reuters) – Micron Technology Inc on Tuesday forecast first-quarter revenue below Wall Street estimates, as shortages in chip-making materials appeared to be catching up with the memory chip maker.

The company forecast current-quarter revenue of $7.65 billion, plus or minus $200 million, while analysts on average were expecting $8.57 billion, according to IBES data from Refinitiv.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Shounak Dasgupta)

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