1 Exhibit 11.1 INTEGRATED SILICON SOLUTION, INC. STATEMENTS OF COMPUTATION OF EARNINGS PER SHARE (In thousands, except per share data) Years Ended September 30, 1996 1995 1994 ------- -------------- ------- Net income ................................. $ 1,015 $29,653 $ 4,612 ======= ======= ======= Computation of weighted average common and common equivalent shares outstanding: Weighted average common shares outstanding ............................ 17,457 12,128 4,778 Common equivalent shares from dilutive preferred stock ........................ -- 2,805 7,829 Common equivalent shares from dilutive common stock options and warrants ...... 899 1,470 616 Common equivalent shares from stock and stock options granted during the twelve- month period prior to the Company's initial public offering ................ -- 131 524 ------- ------- ------- Shares used in per share calculations ...... 18,356 16,534 13,747 ======= ======= ======= Net income per share ....................... $ 0.06 $ 1.79 $ 0.34 ======= ======= =======