Exhibit 11.1
QUALCOMM INCORPORATED
COMPUTATION OF EARNINGS PER SHARE
(In thousands, except per share amounts)
Three months ended Nine months ended
June 30, 1996 June 25, 1995 June 30, 1996 June 25, 1995
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NET INCOME (1) $ 1,506 $ 7,263 $13,085 $19,257
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WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING 65,738 52,157 65,252 51,875
COMMON STOCK EQUIVALENT SHARES (2) 5,000 3,593 4,776 3,527
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TOTAL NUMBER OF SHARES FOR
COMPUTING PRIMARY EARNINGS
PER SHARE 70,738 55,750 70,028 55,402
INCREMENTAL SHARES FOR COMPUTING
FULLY DILUTED EARNINGS PER SHARE (3) 959 1,214 339 903
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TOTAL NUMBER OF SHARES FOR
COMPUTING FULLY DILUTED
EARNINGS PER SHARE 71,697 56,964 70,367 56,305
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PRIMARY EARNINGS PER SHARE $ 0.02 $ 0.13 $ 0.19 $ 0.35
FULLY DILUTED EARNINGS PER SHARE (4) $ 0.02 $ 0.13 $ 0.19 $ 0.34
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(1) The Company's fiscal quarter ended on the last Sunday of June.
(2) Includes outstanding options and warrants for common stock.
(3) The incremental shares for fully diluted earnings per share reflects the
dilutive effect of stock options and warrants at the higher of the average
or ending market price during the reporting period.
(4) This calculation is submitted in accordance with Regulation S-K item
601(b) (11).