8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

June 30, 2005

Date of Report (Date of earliest event Reported):

Pixar

(Exact Name of Registrant as Specified in its Charter)

California	0-26976	68-0086179
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

1200 Park Avenue

Emeryville, CA 94608

(510) 752-3000

(Addresses, including zip code, and telephone number, including area code, of principal executive offices)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01. Regulation FD Disclosure

On June 30, 2005, the Registrant issued a press release announcing an update to its guidance for its fiscal quarter ending July 2, 2005. A copy of the press release issued by the Registrant concerning the foregoing results is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits

(c) Exhibits.

Exhibit Number	Description
99.1	Press release, dated June 30, 2005, entitled “Pixar Updates Second Quarter Financial Guidance”

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Pixar
DATE: June 30, 2005	By:	/s/ SIMON T. BAX
		Simon T. Bax
		Executive Vice President and Chief Financial Officer

INDEX TO EXHIBITS

Exhibit Number	Description
99.1	Press release, dated June 30, 2005, entitled “Pixar Updates Second Quarter Financial Guidance”

EX-99.1

EXHIBIT 99.1

Press Release	For More Information Contact:
For Immediate Release	Nils Erdmann	Investor Relations
		Pixar Animation Studios
		(510) 752-3374
	John Buckley	Brainerd Communicators (212) 986-6667

Pixar Updates Second Quarter Financial Guidance

EMERYVILLE, CA - (June 30, 2005) Pixar Animation Studios (Nasdaq: PIXR) today announced an update to its fiscal second quarter 2005 guidance. Following a review of the most current domestic and international home video sales data for The Incredibles, the company is updating its second quarter home video projections to increase its reserves for returns. As a result, Pixar is modifying its earlier projection of roughly $0.15 per diluted share for the quarter ending July 2, 2005, to approximately $0.10 per diluted share, which equates to around a $6 million difference in net income.

“The Incredibles is the best-selling home video title of 2005 to date, and we continue to expect it to generate home video revenues similar to Monsters, Inc.,” said Pixar CEO Steve Jobs. “But based on the most recent sell-through information, we have opted to be more cautious with respect to our second quarter home video reserves.”

The company will discuss its revised projections for its second quarter during a conference call to be held today, June 30 2005, at 4:30 p.m. EDT, 1:30 p.m. PDT. The call, hosted by Pixar’s Chairman and Chief Executive Officer, Steve Jobs, and Executive Vice President and Chief Financial Officer, Simon Bax, can be accessed by dialing (866) 802-4324 (U.S.) or (703) 639-1321 (Int’l) approximately 10 minutes prior to the start time. A replay of the call will be provided through Thursday, July 7, 2005 until midnight EDT, 9:00 p.m. PDT. To access the replay, please call (800) 475-6701 (U.S.) or (320) 365-3844 (Int’l) and reference the access code: 788357.

Pixar will also provide live audio streaming of this 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 combines creative and technical artistry to create original stories in the medium of computer animation. Pixar has created six of the most successful and beloved animated films of all time: Toy Story, A Bug’s Life, Toy Story 2, Monsters, Inc., Finding Nemo and The Incredibles. Pixar has won 18 Academy Awards® and its six films have grossed more than $3.2 billion at the worldwide box office to date. The Northern California studio will release its next film, Cars, on June 9, 2006.

This release contains forward-looking information regarding Pixar’s expected earnings per share for the second quarter of 2005, as well as the targeted release date for Pixar’s next film, and actual results may differ materially. Factors that could cause actual second quarter results to differ include, but are not limited to: (1) potential discrepancies between management’s estimates based on currently available information and the final operating results for the second quarter of fiscal 2005; (2) possible accounting entries and adjustments that may be made to Pixar’s financial statements as part of the close of the books for the second quarter of fiscal 2005; (3) the timing and amount of worldwide revenues and distribution costs from The Incredibles, Finding Nemo and other titles in Pixar’s film library; (4) the timing, accuracy, and sufficiency of the information the company receives from Disney to determine revenues and associated gross profits; (5) the timing and amount of non-film related revenues and expenses; (6) the accuracy of assumptions and judgments used to estimate certain revenues and associated gross profits; (7) the market price of Pixar’s common stock and related volatility; and (8) external economic and political events that are beyond the company’s control. Factors that could cause delays in the release of Cars include, but are not limited to: (1) the uncertainties related to production delays; (2) financing requirements or other marketing or distribution factors; (3) personnel availability; (4) external socioeconomic and political events; and (5) the release dates of competitive films. Please refer to Pixar’s 2004 Form 10-K and 2005 First Quarter Form 10-Q, particularly the sections on risks, for additional information concerning these and other factors that could cause actual results to differ.