ATI Reports Results for Second Quarter of Fiscal 2006

ATI Reports Results for Second Quarter of Fiscal 2006

To view the Supplementary Financial Information please click on the following link: http://www.ccnmatthews.com/docs/atisup.pdf ATI Technologies Inc. (TSX:ATY)(NASDAQ:ATYT) today announced financial results for the second quarter of fiscal 2006 ended February 28, 2006.

Revenues(1) for the second quarter were $672 million, a new company record and a 14% increase relative to the first quarter of fiscal 2006. Gross margin percentage was 28.2%. Net income according to GAAP for the quarter was $34.1 million ($0.13 per diluted share). Non-GAAP adjusted net income(2) for the quarter was $44.8 million ($0.17 per diluted share).

(1) All dollar amounts are in U.S. dollars unless otherwise noted. All per share amounts are stated on a diluted basis unless otherwise noted. ATI Technologies Inc. reports under Canadian generally accepted accounting principles (GAAP).

(2) Adjusted net income excludes the after-tax impact of stock-option expense, as well as certain charges, recoveries, gains and other items. Adjusted net income does not have any standardized meaning prescribed by GAAP and therefore is unlikely to be comparable to similar measures presented by other issuers. For an explanation of the items excluded and a reconciliation of adjusted net income to net income determined in accordance with GAAP, please see “Non-GAAP Financial Measurements and Reconciliation” included in this release.

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