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Exhibit 11.1
INTEL CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(in millions, except per share amounts)
Three Months Ended Six Months Ended
Jul. 2, Jun. 26, Jul. 2, Jun. 26,
1994 1993 1994 1993
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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 415 417 417 418
Add shares issuable from assumed exercise
of options and warrants 22 22 23 23
------- ------- ------- -------
Weighted average number of shares
outstanding as adjusted 437 439 440 441
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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 415 417 417 418
Add shares issuable from assumed
exercise of options and warrants 22 22 23 23
------- ------- ------- -------
Weighted average number of shares
outstanding as adjusted 437 439 440 441
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NET INCOME $ 640 $ 569 $1,257 $1,117
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PRIMARY EARNINGS PER SHARE $ 1.46 $ 1.30 $ 2.86 $ 2.53
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(1) FULLY DILUTED EARNINGS
PER SHARE $ 1.46 $ 1.30 $ 2.86 $ 2.53
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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.
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