CYPRESS SEMICONDUCTOR CORPORATION

CONSOLIDATED DILUTED EPS CALCULATION

(In thousands, except per-share data)

(Unaudited)

Three Months Ended  

June 28,

March 29,

June 29,

2015

2015

2014

Non-GAAP

GAAP

Non-GAAP

GAAP

Non-GAAP

 Net income (loss) attributable to Cypress 

$  (90,051)

$        52,870

$ (246,798)

$ (87,906)

$     9,527

$   26,723

 Weighted-average common shares outstanding (basic) 

333,334

333,334

196,471

196,471

157,936

157,936

 Effect of dilutive securities: 

 Stock options, unvested restricted stock and other 

-

13,764

-

-

6,524

8,761

 Impact of convertible bond 

-

15,668

-

-

-

-

 Weighted-average common shares outstanding for diluted computation

333,334

362,766

196,471

164,460

 Net income (loss) per share attributable to Cypress - basic 

$      (0.27)

$            0.16

$      (1.26)

$     (0.45)

$       0.06

$       0.17

 Net income (loss) per share attributable to Cypress - diluted 

$      (0.27)

$            0.15

$      (1.26)

$     (0.45)

$       0.06

$       0.16

June 28,

March 29,

June 29,

2015

2015

2014

Average stock price for the period ended

$13.24

$14.72

$10.13

Common stock outstanding at period end (in thousands)

334,088

331,015

158,299