1 EXHIBIT 11 WESTERN DIGITAL CORPORATION COMPUTATION OF PER SHARE EARNINGS (IN THOUSANDS, EXCEPT PER SHARE DATA) THREE MONTHS ENDED NINE MONTHS ENDED ---------------------- ---------------------- MARCH 26, MARCH 27, MARCH 26, MARCH 27, 1994 1993 1994 1993 --------- --------- --------- --------- PRIMARY Net income............................... $28,448 $ 1,633 $35,837 $12,713 ======= ======= ======= ======= Weighted average number of common shares outstanding during the period..... 41,575 32,350 37,525 30,298 Incremental common shares attributable to exercise of outstanding options and warrants.................................. 2,905 2,952 1,982 2,248 ------- ------- ------- ------- Total shares...................... 44,480 35,302 39,507 32,546 ======= ======= ======= ======= Net income per share...................... $ .64 $ .05 $ .91 $ .39 ======= ======= ======= ======= FULLY DILUTED Net income................................ $28,448 $ 1,633 $35,837 $12,713 Add back: interest expense, net of income tax effect, applicable to convertible subordinated debentures....... 1,168 1,236 3,504 3,710 ------- ------- ------- ------- $29,616 $ 2,869 $39,341 $16,423 ======= ======= ======= ======= Weighted average number of common shares outstanding during the period...... 41,575 32,350 37,525 30,298 Incremental common shares attributable to exercise of outstanding options and warrants.................................. 3,214 2,956 3,318 2,383 Incremental common shares attributable to conversion of convertible subordinated debentures................................ 4,074 4,083 4,074 4,083 ------- ------- ------- ------- Total shares...................... 48,863 39,389 44,917 36,764 ======= ======= ======= ======= Net income per share...................... $ .61 $ .07 $ .88 $ .45 ======= ======= ======= =======