Exhibit 11

                               EMCORE CORPORATION
                  STATEMENT OF COMPUTATION OF PER SHARE AMOUNTS
                    (In Thousands, Except Per Share Amounts)
                                   (Unaudited)



                                                                   Three Months                       Six Months
                                                                  Ended March 31,                   Ended March 31,
                                                              ----------------------            -----------------------
                                                              1998              1997            1998               1997
                                                              ----              ----            ----               ----
                                                                                                    
Income (loss) before extraordinary item................        $37           ($2,894)       ($29,352)           ($6,692)
Extraordinary loss.....................................                         (256)                              (256)

Net income (loss)......................................        $37           ($3,150)       ($29,352)           ($6,948)

Basic earnings per share calculation:
Weighted average shares outstanding:
             Common stock..............................      9,328             3,825           8,189              3,405
             Common stock equivalents (1).............. 

Basic weighted average
             common shares and equivalents.............      9,328             3,825           8,189              3,405

Income (loss) before extraordinary item................      $0.00            ($0.76)         ($3.58)            ($1.97)
Extraordinary loss.....................................                        (0.06)                             (0.07)

Net income (loss) per share............................      $0.00            ($0.82)         ($3.58)            ($2.04)

Fully diluted earnings per share calculation:
Weighted average shares outstanding:
             Common stock..............................      9,328             3,825           8,189              3,405
             Common stock equivalents (1)..............      1,220                                                  722

Fully-diluted weighted average
             common shares and equivalents.............     10,548             3,825           8,189              4,127

Income (loss) before extraordinary item................      $0.00            ($0.76)         ($3.58)            ($1.62)
Extraordinary loss.....................................                        (0.06)                             (0.06)

Net income (loss) per share............................      $0.00            ($0.82)         ($3.58)            ($1.68)



_______________________
(1)  Under the provisions of Securities and Exchange  Commission  Staff Bulletin
     No. 64 ("SAB" No. 64), common stock and common stock equivalents  issued by
     the company within one year or in contemplation  of the Company's  offering
     are treated as if they were outstanding for all periods  presented prior to
     the Company's IPO. After the IPO is effective,  the determination of common
     stock and equivalents  has been  determined on a basis  consistent with FAS
     128, which states "EPS shall not assume  conversion  exercise or contingent
     issuance of securities that would have an anti-dilutive  effect on earnings
     per share."