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, --------------------- --------------------- 1997 1996 1997 1996 -------- -------- -------- -------- Net income (loss) ......................... $ (1,488) $ 5,064 $ (3,150) $ 15,358 ======== ======== ======== ======== Computation of weighted average common and common equivalent shares outstanding: Weighted average common shares outstanding ..................... 17,701 17,418 17,658 17,372 Common equivalent shares from dilutive common stock options and warrants -- 902 -- 1,025 -------- -------- -------- -------- Shares used in per share calculations ..... 17,701 18,320 17,658 18,397 ======== ======== ======== ======== Net income (loss) per share ............... $ (0.08) $ 0.28 $ (0.18) $ 0.83 ======== ======== ======== ========