Exhibit 11.1
INTEL CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(In millions, except per share amounts)
Three Months Ended Six Months Ended
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Jun. 29, Jul. 1, Jun. 29, Jul. 1,
1996 1995 1996 1995
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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 824 828 823 828
Add shares issuable from assumed exercise
of options and warrants 64 60 61 52
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Weighted average number of shares
outstanding as adjusted 888 888 884 880
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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 824 828 823 828
Add shares issuable from assumed
exercise of options and warrants 67 69 67 69
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Weighted average number of shares
outstanding as adjusted 891 897 890 897
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NET INCOME $1,041 $ 879 $1,935 $1,768
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PRIMARY EARNINGS PER SHARE $ 1.17 $ .99 $ 2.19 $ 2.01
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(1) FULLY DILUTED EARNINGS PER SHARE $ 1.17 $ .98 $ 2.17 $ 1.97
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(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.