1 EXHIBIT 11.1 INTEGRATED SILICON SOLUTION, INC. STATEMENTS OF COMPUTATION OF EARNINGS PER SHARE (IN THOUSANDS, EXCEPT PER SHARE DATA) Three Months Ended Six Months Ended March 31 March 31 -------------------- ---------------------- 1996 1995 1996 1995 ------- ------- ------- ------- Net income .................................... $ 5,064 $ 5,394 $15,358 $ 7,951 ======= ======= ======= ======= Computation of weighted average common and common equivalent shares outstanding: Weighted average common shares outstanding ............................ 17,418 10,636 17,372 7,710 Common equivalent shares from dilutive preferred stock ........................ -- 3,392 -- 5,611 Common equivalent shares from dilutive common stock options and warrants ...... 902 1,640 1,025 1,311 Common equivalent shares from stock and stock options granted during the twelve- month period prior to the Company's proposed initial public offering ....... -- -- -- 262 ------- ------- ------- ------- Shares used in per share calculations ......... 18,320 15,668 18,397 14,894 ======= ======= ======= ======= Net income per share .......................... $ 0.28 $ 0.34 $ 0.83 $ 0.53 ======= ======= ======= ======= 16