1 EXHIBIT 11.1 INTEGRATED SILICON SOLUTION, INC. STATEMENTS OF COMPUTATION OF EARNINGS PER SHARE (IN THOUSANDS, EXCEPT PER SHARE DATA) Three Months Ended Nine Months Ended June 30 June 30 ------------------------ ----------------------- 1996 1995 1996 1995 -------- -------- -------- -------- Net income (loss) $(10,550) $ 9,242 $ 4,808 $ 17,193 ======== ======== ======== ======== Computation of weighted average common and common equivalent shares outstanding: Weighted average common shares outstanding 17,515 16,014 17,419 10,478 Common equivalent shares from dilutive preferred stock -- -- -- 3,740 Common equivalent shares from dilutive common stock options and warrants -- 1,647 981 1,423 Common equivalent shares from stock and stock options granted during the twelve- month period prior to the Company's proposed initial public offering -- -- -- 175 -------- -------- -------- -------- Shares used in per share calculations 17,515 17,661 18,400 15,816 ======== ======== ======== ======== Net income (loss) per share $ (0.60) $ 0.52 $ 0.26 $ 1.09 ======== ======== ======== ========