Applied Materials (AMAT) 8-K Other Events

Exhibit 12.1

Statement of Computation of Ratio of Earnings to Fixed Charges

(in millions, except ratios)

	Nine Months Ended July 26, 2015			Fiscal Year Ended
				October 26, 2014			October 27, 2013			October 28, 2012			October 30, 2011			October 31, 2010
Income from continuing operations before taxes		1,201			1,448			350			316			2,378			1,387
Add adjustments:
Fixed charges		81			109			109			109			74			34
Income from continuing operations before taxes and fixed charges		1,282			1,557			459			425			2,452			1,421
Fixed charges:
Interest expense (b)		72			96			96			96			60			21
Amortization of discounts and capitalized expenses related to indebtedness		1			2			2			2			1			—
Estimated interest component of rental expense		8			11			11			11			13			13
Total fixed charges from continuing operations		81			109			109			109			74			34
Ratio of earnings to fixed charges (a)		15.8	x		14.3	x		4.2	x		3.9	x		33.1	x		41.8	x

(a) The ratio of earnings to fixed charges was computed by dividing income from continuing operations before taxes and fixed charges by the fixed charges from continuing operations for the periods indicated. Fixed charges from continuing operations include interest expense, amortization of discounts and debt issuance costs and 30% of rental expense, which Applied considers to be a reasonable approximation of the interest factor included in rental expense.

(b) Interest expense does not include interest expense related to uncertain tax positions as a component of fixed charges. Interest expense related to uncertain tax positions is included as a component of provision for income taxes.