CYPRESS SEMICONDUCTOR CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

ON A GAAP BASIS

(In thousands, except per-share data)

(Unaudited)

Three Months Ended

April 3,

January 3,

2016

2016

Revenues

$                  418,964

$                  450,128

Costs and expenses:

Cost of revenues

293,179

306,880

Research and development

73,967

73,682

Selling, general and administrative

74,501

85,385

Amortization of intangible assets

35,187

33,960

Impairment of acquisition-related intangible assets

33,944

—

Restructuring costs

270

1,406

Total costs and expenses

511,048

501,313

Operating loss

(92,084)

(51,185)

Interest and other expense, net

(6,250)

(3,556)

Loss before income taxes and non-controlling interest

(98,334)

(54,741)

Income tax provision

(3,742)

(15,726)

Equity in net loss of equity method investee

(2,078)

(2,330)

Net loss

(104,154)

(72,797)

Net loss attributable to non-controlling interests

132

467

Net loss attributable to Cypress

$                (104,022)

$                  (72,330)

Net loss per share attributable to Cypress:

Basic

$                      (0.32)

$                      (0.22)

Diluted

$                      (0.32)

$                      (0.22)

Cash dividend declared per share

$                        0.11

$                        0.11

Shares used in net loss per share calculation:

Basic

320,351

334,447

Diluted

320,351

334,447