Exhibit 11.1 INTEL CORPORATION COMPUTATION OF EARNINGS PER SHARE (in millions, except per share amounts)
Three Months Ended Nine Months Ended Oct. 1, Sept. 25, Oct. 1 Sept. 25, 1994 1993 1994 1993 ------ ------ ------ ------ PRIMARY SHARES CALCULATION Reconciliation of weighted average number of shares outstanding to amount used in primary earnings per share computation: Weighted average number of shares outstanding 413 417 416 418 Add shares issuable from assumed exercise of options and warrants 21 23 22 23 ------ ------ ------ ------ Weighted average number of shares outstanding as adjusted 434 440 438 441 ====== ====== ====== ====== FULLY DILUTED SHARES CALCULATION Reconciliation of weighted average number of shares outstanding to amount used in fully diluted earnings per share computation: Weighted average number of shares outstanding 413 417 416 418 Add shares issuable from assumed exercise of options and warrants 21 25 22 23 ------ ------ ------ ------ Weighted average number of shares outstanding as adjusted 434 442 438 441 ====== ====== ====== ====== NET INCOME $ 659 $ 584 $1,916 $1,701 ====== ====== ====== ====== PRIMARY EARNINGS PER SHARE $ 1.52 $ 1.33 $ 4.37 $ 3.86 ====== ====== ====== ====== (1) FULLY DILUTED EARNINGS PER SHARE $ 1.52 $ 1.32 $ 4.37 $ 3.86 ====== ====== ====== ====== (1) Earnings per common equivalent share presented on the face of the statements of income represent primary earnings per share. Dual presentation of primary and fully diluted earnings per share has not been made on the statement of income because the differences are insignificant.