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 ------------- ------------- ------------- ------------- NET INCOME (1) $ 1,506 $ 7,263 $13,085 $19,257 ======= ======= ======= ======= 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 ------- ------- ------- ------- 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 ------- ------- ------- ------- TOTAL NUMBER OF SHARES FOR COMPUTING FULLY DILUTED EARNINGS PER SHARE 71,697 56,964 70,367 56,305 ======= ======= ======= ======= 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
- ----------------------------------- (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).