TRIQUINT SEMICONDUCTOR, INC. EXHIBIT 11.1 CALCULATION OF NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE (IN THOUSANDS, EXCEPT PER SHARE INFORMATION) THREE MONTHS ENDED SIX MONTHS ENDED ------------------------ ------------------------ JUNE 30, JUNE 30, JUNE 30, JUNE 30, 1997 1996 1997 1996 ----------- ----------- ----------- ----------- Net income........................................................... $ 2,266 $ 1,864 $ 4,033 $ 2,774 ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- Primary weighted average number of common and common equivalent shares outstanding................................................. 9,129 8,769 9,097 8,696 ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- Net income per common and common equivalent share.................... $ 0.25 $ 0.21 $ 0.44 $ 0.32 ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- Fully diluted weighted average number of common and common equivalent shares outstanding................................................. 9,185 8,788 9,157 8,783 ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- Net income per common and common equivalent share.................... $ 0.25 $ 0.21 $ 0.44 $ 0.32 ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- 23