04:46 PM EDT, 04/30/2024 (MT Newswires) -- Skyworks Solutions ( SWKS ) late Tuesday reported fiscal Q2 non-GAAP net income of $1.55 per diluted share, down from $2.02 a year earlier.

Analysts polled by Capital IQ expected $1.52.

Net revenue for the quarter ended March 29 was $1.05 billion, down from $1.15 billion a year earlier.

Analysts expected $1.05 billion.

For fiscal Q3, the analog and mixed-signal chipmaker is projecting non-GAAP EPS of around $1.21 per share on revenue of $900 million, plus or minus 2%.

Analysts polled by Capital IQ are looking for $1.47 per share and $1.02 billion, respectively.

The company also kept its cash dividend at $0.68 per share, payable June 11 to stockholders of record on May 21.

Shares were down over 6% in after-hours activity.

Price: 100.22, Change: -6.37, Percent Change: -5.98