EXHIBIT 11.1 TRIQUINT SEMICONDUCTOR, INC. Calculation of Net Income per Common and Common Equivalent Share Years ended December 31, 1996, 1995, 1994 (in thousands, except share and per share data) Year Ended December 31, ---------------------------------------- 1996 1995 1994 --------- ---------- --------- Net income $ 6,287 $ 3,062 $ (9,732) --------- ---------- --------- --------- ---------- --------- Weighted average number of common and common equivalent shares outstanding: Primary 8,762,717 7,236,681 5,346,399 Fully diluted 8,894,405 7,239,842 Net income (loss) per common and common equivalent share: Primary $ .72 $ .42 $ (1.82) ---------- ---------- --------- ---------- ---------- --------- Fully diluted $ .71 $ .42 $ (1.82) ---------- ---------- --------- ---------- ---------- --------- -27-