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 Reports Second Quarter Financial Results

EMERYVILLE, CA - (August 4, 2005) Pixar Animation Studios (Nasdaq: PIXR) today announced financial results for its fiscal second quarter ended July 2, 2005. For the quarter, Pixar reported revenues of $26.4 million and earnings of $12.7 million, or $0.10 per fully diluted share. Revenues for the six months ended July 2, 2005 were $187.7 million, and earnings were $94.6 million, or $0.77 per fully diluted share.

“We’re very pleased with the overall performance of The Incredibles, which is by far the highest-selling DVD in 2005,” said Pixar CEO, Steve Jobs. “Cars is almost completed and is looking fantastic, and we have no doubt that it will be one of our best films to date.”

Earnings Conference Call Scheduled for 5:30 p.m. EDT – Please Note Time Change

The company will discuss its second quarter 2005 earnings results during a conference call to be held today, Thursday, August 4, 2005 at 5:30 p.m. EDT, 2:30 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 877-777-1973 (U.S.) or 651-291-0900 (Int’l) approximately 10 minutes prior to the start time. A replay of the call will be provided through Thursday, August 11, 2005 until midnight EDT. To access the replay, please call 800-475-6701 (U.S.) or 320-365-3844 (Int’l) and reference the reservation code: 789073.

Pixar will also provide live audio streaming of its second quarter 2005 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 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 targeted release date for Pixar’s next film and actual results may differ materially. Factors that could cause delays in the release of the film 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, 2005 First Quarter Form 10-Q and other filings with the Securities and Exchange Commission, particularly the sections on risks, for important factors that could cause actual results to differ.

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Pixar Animation Studios

Condensed Statements of Income

(Unaudited, in thousands, except per share data)

	Quarter Ended				Six Months Ended
	July 2, 2005		July 3, 2004		July 2, 2005		July 3, 2004
Revenue:
Film	$	23,446	$	63,713	$	181,358	$	114,805
Software		2,991		2,576		6,323		5,308
Total revenue		26,437		66,289		187,681		120,113
Cost of revenue:		4,274		6,437		31,731		12,341
Gross profit		22,163		59,852		155,950		107,772
Operating expenses:
Research and development		3,105		4,154		5,929		7,552
Sales and marketing		752		635		1,514		1,007
General and administrative		3,920		3,017		8,295		6,093
Total operating expenses		7,777		7,806		15,738		14,652
Income from operations		14,386		52,046		140,212		93,120
Interest income and other		5,783		2,489		10,559		5,385
Income before income taxes		20,169		54,535		150,771		98,505
Income tax expense		7,467		17,150		56,182		34,378
Net income	$	12,702	$	37,385	$	94,589	$	64,127
Basic net income per share	$	0.11	$	0.33	$	0.80	$	0.57
Diluted net income per share	$	0.10	$	0.32	$	0.77	$	0.55
Shares used in computing basic net income per share		118,338		112,574		117,833		112,078
Shares used in computing diluted net income per share		123,537		117,974		123,023		117,594

Pixar Animation Studios

Condensed Balance Sheets

(Unaudited, in thousands)

	July 2, 2005			January 1, 2005
ASSETS
Cash and investments	$	901,428		$	854,784
Receivables, net		149,689			81,962
Prepaid expenses and other assets		3,283			2,227
Deferred income taxes		75,061			70,424
Property and equipment, net		125,863			125,602
Capitalized film production costs, net		147,148			140,038
Total assets	$	1,402,472		$	1,275,037
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Accounts payable	$	1,700		$	5,392
Income taxes payable		13,566			14,077
Other accrued liabilities		16,717			26,971
Unearned revenue		10,732			8,502
Total liabilities		42,715			54,942
Shareholders’ equity:
Common stock		732,995			687,387
Accumulated other comprehensive loss		(2,746	)		(2,211	)
Retained earnings		629,508			534,919
Total shareholders’ equity		1,359,757			1,220,095
Total liabilities and shareholders’ equity	$	1,402,472		$	1,275,037