CYPRESS SEMICONDUCTOR CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

ON A GAAP BASIS

(In thousands, except per-share data)

(Unaudited)

Three Months Ended

April 2, 2017

January 1, 2017

Revenues

$

531,874

$

530,172

Costs and expenses:

Cost of revenues

332,814

328,220

Research and development

88,481

92,188

Selling, general and administrative

76,114

76,839

Amortization of intangible assets

48,249

52,104

Restructuring costs

2,572

17,237

Impairment related to assets held for sale

—

1,960

Total costs and expenses

548,230

568,548

Operating loss

(16,356)

(38,376)

Interest and other expense, net

(19,359)

(24,389)

Loss before income taxes and non-controlling interest

(35,715)

(62,765)

Income tax provision

(4,927)

(790)

Equity in net loss of equity method investees

(5,076)

(8,766)

Net loss

(45,718)

(72,321)

Net gain attributable to non-controlling interests

(64)

(46)

Net loss attributable to Cypress

$

(45,782)

$

(72,367)

Net loss per share attributable to Cypress:

Basic

$

(0.14)

$

(0.22)

Diluted

$

(0.14)

$

(0.22)

Cash dividend declared per share

$

0.11

$

0.11

Shares used in net loss per share calculation:

Basic

326,964

322,800

Diluted

326,964

322,800