diff --git a/pkgs/development/php-packages/memcached/default.nix b/pkgs/development/php-packages/memcached/default.nix
index f8201fcd2dc9..59132f26cbfb 100644
--- a/pkgs/development/php-packages/memcached/default.nix
+++ b/pkgs/development/php-packages/memcached/default.nix
@@ -11,13 +11,13 @@
 
 buildPecl rec {
   pname = "memcached";
-  version = "3.3.0";
+  version = "3.4.0";
 
   src = fetchFromGitHub {
     owner = "php-memcached-dev";
     repo = "php-memcached";
     rev = "v${version}";
-    sha256 = "sha256-V4d6bY0m1nuEfjZjt3qio4/HOBcSlD9+XMEl1GPfbhs=";
+    sha256 = "sha256-sweEM4TVId+6ySffulmebZpz390dZXb+G3zFZvc45L8=";
   };
 
   internalDeps = [ php.extensions.session ];