Cyrix Reports Second Quarter Results

Richardson, Texas -- July 16, 1997 -- Cyrix Corporation (NASDAQ: CYRX), a leading supplier of high-performance processors to the personal computer industry, today reported revenues for the quarter ended June 30, 1997 of $40.0 million, up 48 percent from the $27.1 million reported in the same period last year. The Company recorded a net loss of $5.3 million, or a 27 cent loss per share for the quarter, compared to a net loss of $16.4 million, or a loss per share of 85 cents for the same period last year.

For the first six months of 1997 revenues were up significantly to $115.6 million from the $78.7 million posted in the first half of last year, an increase of 47 percent. The Company posted net income of $1.3 million, or earnings per share of 7 cents in the first half of 1997, compared to the net loss of $14.4 million, or a loss of 75 cents per share of for the same period last year.

"Despite the loss in the second quarter, Cyrix remains on track to achieve significant revenue growth and return to solid profitability in 1997," said Jay Swent, Cyrix’s chief financial officer and acting chief executive officer. "Our current product lineup is the strongest in the Company’s history. We are well positioned to take advantage of the growth opportunities in both the sub-$1000 PC market with the MediaGX™ and the mid-range PC marketplace with the newly launched, MMX™ enhanced 6x86MX™ processor."

Cyrix Corporation, headquartered in Richardson, Texas, is a leading supplier of high-performance processors to the personal computer industry. Founded in 1988, the company designs, manufactures and markets innovative Windows®-compatible processors for the desktop and mobile computer market.

Any forward-looking statements in the above release involve risks and uncertainties that could cause actual results to differ from the present anticipated results. These risks and uncertainties include but are not limited to the following: market demand and acceptance of our microprocessor products; the impact of changing economic conditions; product introductions; the verification of our microprocessor’s compatibility with industry-standard hardware and software; the maintenance of sufficient cash flow; reliance on third parties; the impact of market peers and their products as well as risks concerning future technology; and others detailed in the Company’s Securities and Exchange Commission filings. These filings can be obtained by contacting Cyrix Investor Relations.

6x86MX and MediaGX are trademarks of Cyrix Corporation. MMX is a trademark of Intel Corporation. All other brand or product names are trademarks or registered trademarks of their respective holders.