QLogic Exceeds Revenue and EPS Guidance for Fourth Quarter of Fiscal 2016

SUMMARY OF RECONCILING ITEMS BETWEEN FORECASTED
NON-GAAP AND GAAP EARNINGS PER DILUTED SHARE

FIRST QUARTER OF FISCAL 2017

QLogic is forecasting first quarter non-GAAP earnings per diluted share of $0.23 - $0.27. The Company estimates that GAAP earnings per diluted share will be lower than non-GAAP earnings per diluted share by $0.11 - $0.13 per share in the first quarter of fiscal 2017. This difference is comprised of the following:

                Stock-based compensation                 $0.06 - $0.07
Amortization of acquisition-related intangible assets and license fee $0.06
Income taxes ($0.01) - $0.00
$0.11 - $0.13
 

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