Skyworks Solutions (SWKS) reported fiscal Q1 non-GAAP net income late Wednesday of $1.60, down from $1.97 a year earlier.
Analysts polled by FactSet expected $1.57.
Net revenue in the quarter ended Dec. 27 was $1.07 billion, down from $1.20 billion a year earlier.
Analysts surveyed by FactSet expected $1.07 billion.
For fiscal Q2, the company expects non-GAAP diluted EPS of $1.20. Analysts polled by FactSet expect $1.21. Revenue for the quarter is expected to be $935 million to $965 million. Analysts surveyed by FactSet expect $941.5 million.
Skyworks Solutions said it maintained its quarterly dividend at $0.70 per share, payable March 17 to shareholders as of Feb. 24.
Shares of Skyworks were sinking past 24% in after-hours activity.
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