Exhibit 99.1

Press Release	For more information contact:
For immediate release	Nils Erdmann	Manager of Investor Relations
		Pixar Animation Studios
		(510) 752-3374
	John Buckley	Brainerd Communicators
		(212) 986-6667

Pixar Reports Second Quarter Financial Results

EMERYVILLE, CA — (August 7, 2003) Pixar Animation Studios (Nasdaq: PIXR) today announced financial results for its fiscal second quarter ended June 28, 2003. For the quarter, Pixar earned $19.5 million or $0.34 per diluted share. These results compare to earnings of $10.4 million, or $0.20 per diluted share, achieved in the year-ago quarter. Revenues for the quarter were $48.9 million, as compared to $22.8 million in the year-ago quarter.

Revenues for the second quarter of 2003 were driven primarily by $260 million of worldwide box office receipts from Finding Nemo (currently at $374 million), versus the year-ago period during which revenues were primarily driven by Monsters, Inc. foreign theatrical box office receipts, merchandise sales, and ancillary royalties, as well as some revenues from Pixar’s library titles.

“Finding Nemo has passed The Lion King to become the most successful animated film ever released in North America,” said Steve Jobs, Pixar’s CEO. “Pixar’s five films have earned over $2.1 billion at the worldwide box office to date, with more to come from Nemo’s international releases, and represent half of the top 10 grossing animated films of all time.”

The company will discuss its second quarter 2003 earnings results and fiscal year 2003 projections during the conference call to be held today, Thursday, August 7, 2003, at 2:00 p.m. (Pacific Time). The call, hosted by Pixar’s chairman and chief executive officer, Steve Jobs, and executive vice president and chief financial officer, Ann Mather, can be accessed by dialing 888-428-4473 (U.S.) or 651-291-0900 (Int’l) approximately 10 minutes prior to the start time. Additionally, a replay of the call will be provided through Monday, August 11, 2003 up until midnight Eastern Time. To access the replay, please call 800-475-6701 (U.S.) or 320-365-3844 (Int’l) and reference the reservation code: 691231.

Pixar will also provide live audio streaming of its second quarter 2003 results conference call. The webcast will be accessible through Pixar’s web site at http://www.pixar.com/investor/index.html.

About Pixar Animation Studios

Pixar Animation Studios (Nasdaq: PIXR, http://www.pixar.com) combines creative and technical artistry to create original stories in the medium of computer animation. Pixar has created five of the most successful and beloved animated films of all time: Academy Award®-winning Toy Story (1995); A Bug’s Life (1998); Golden Globe-winner Toy Story 2 (1999); the Academy Award®-winning Monsters, Inc. (2001); and Finding Nemo (2003). Pixar’s five films have earned more than $2.1 billion at the worldwide box office to date. The Northern California studio’s next two film releases are The Incredibles (November 5, 2004) and Cars (holiday 2005). Pixar’s films are released by Walt Disney Pictures.

This release contains forward-looking information regarding Pixar’s targeted release dates for Pixar’s future films and actual results may differ materially. Factors that could cause delays in the release of our films include, but are not limited to: (1) the uncertainties related to production delays; (2) financing requirements; (3) personnel availability; (4) external socioeconomic and political events; and (5) the release dates of competitive films. Please refer to Pixar’s 2002 Form 10-K and First Quarter 2003 Form 10-Q, particularly the sections on risks, for important factors that could cause actual results to differ.

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Pixar Animation Studios
Condensed Balance Sheets
(in thousands,except per share data)

			Three Months				Six Months
			Ended				Ended
			June 28,		June 29,		June 28,		June 29,
			2003		2002		2003		2002
Revenue:
	Film		$	45,182	$	19,348	$	61,557	$	55,236
	Software			3,694		3,463		5,976		4,648
		Total revenue		48,876		22,811		67,533		59,884
Cost of revenue:
	Film			7,800		3,570		10,730		11,927
	Software			5		136		25		272
		Total cost of revenue		7,805		3,706		10,755		12,199
		Gross profit		41,071		19,105		56,778		47,685
Operating expenses:
	Research and development			6,599		2,229		8,920		4,584
	Sales and marketing			578		203		966		454
	General and administrative			4,624		1,761		7,009		4,008
		Total operating expenses		11,801		4,193		16,895		9,046
Income from operations				29,270		14,912		39,883		38,639
	Other income, net			3,001		2,620		5,905		5,102
Income before income taxes				32,271		17,532		45,788		43,741
	Income tax expense			12,747		7,090		18,086		17,689
Net income			$	19,524	$	10,442	$	27,702	$	26,052
Basic net income per share			$	0.36	$	0.21	$	0.52	$	0.52
Diluted net income per share			$	0.34	$	0.20	$	0.49	$	0.50
Shares used in computing basic net income per share				53,685		49,758		53,365		49,679
Shares used in computing diluted net income per share				56,788		52,536		56,476		52,102

Pixar Animation Studios
Condensed Balance Sheets
(in thousands)

					June 28,		December 28,
					2003		2002
ASSETS
Cash and investments					$	502,516	$	339,083
Receivables, net						51,991		136,911
Prepaid expenses and other assets						11,234		13,826
Deferred income taxes						33,239		32,719
Property and equipment, net						116,584		117,423
Capitalized film production costs						110,436		92,104
			Total assets		$	826,000	$	732,066
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
		Accounts payable			$	1,877	$	2,341
		Accrued liabilities				28,568		9,322
		Unearned revenue				10,746		7,341
			Total liabilities			41,191		19,004
Shareholders’ equity:
		Common stock				487,318		442,477
		Accumulated other comprehensive income				1,360		2,156
		Retained earnings				296,131		268,429
				Total shareholders’ equity		784,809		713,062
	Total liabilities and shareholders’ equity				$	826,000	$	732,066