Exhibit 11.1
INTEL CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(in millions, except per share amounts)
Three Months Ended Nine Months Ended
Sept. 30, Oct. 1, Sept. 30, Oct. 1,
1995 1994 1995 1994 **
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 822 * 826 * 826 832
Add shares issuable from assumed
exercise of options and warrants 67 * 42 * 57 44
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Weighted average number of shares
outstanding as adjusted 889 * 868 * 883 876
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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 822 826 826 832
Add shares issuable from assumed
exercise of options and warrants 67 42 61 44
------ ------ ------ ------
Weighted average number of shares
outstanding as adjusted 889 868 887 876
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NET INCOME $ 931 $ 659 $2,699 $1,916
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PRIMARY EARNINGS PER SHARE $ 1.05 $ .76 $ 3.06 $ 2.19
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(1) FULLY DILUTED EARNINGS
PER SHARE $ 1.05 $ .76 $ 3.04 $ 2.19
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* Per Q3 1995 earnings press release
** 1994 amounts per Q3 '94 10Q, adjusted for the 6/95 stock split (x2)