diff --git a/runtime/tests/vm/dart/regress_46797_test.dart b/runtime/tests/vm/dart/regress_46797_test.dart
new file mode 100644
index 00000000000..ceb5f0af734
--- /dev/null
+++ b/runtime/tests/vm/dart/regress_46797_test.dart
@@ -0,0 +1,21 @@
+// Copyright (c) 2021, the Dart project authors.  Please see the AUTHORS file
+// for details. All rights reserved. Use of this source code is governed by a
+// BSD-style license that can be found in the LICENSE file.
+
+// VMOptions=--optimization-counter-threshold=100
+
+int var74 = -43;
+
+@pragma("vm:never-inline")
+foo(int var74) {
+  if (var74 >>> 0xC == 675872701) {
+    print("side-effect");
+  }
+}
+
+main() {
+  for (var i = 0; i < 200; i++) {
+    foo(43);
+  }
+  foo(-43);
+}
diff --git a/runtime/vm/compiler/backend/il_arm64.cc b/runtime/vm/compiler/backend/il_arm64.cc
index 9484c2606a8..0262af5b6d0 100644
--- a/runtime/vm/compiler/backend/il_arm64.cc
+++ b/runtime/vm/compiler/backend/il_arm64.cc
@@ -3541,8 +3541,8 @@ void BinarySmiOpInstr::EmitNativeCode(FlowGraphCompiler* compiler) {
         const intptr_t kCountLimit = 0x3F;
         intptr_t value = Smi::Cast(constant).Value();
         ASSERT((value >= 0) && (value <= kCountLimit));
-        __ SmiUntag(left);
-        __ LsrImmediate(result, left, value);
+        __ SmiUntag(result, left);
+        __ LsrImmediate(result, result, value);
         if (deopt != nullptr) {
           __ SmiTagAndBranchIfOverflow(result, deopt);
         } else {