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Volterra Reports Financial Results for the Third Quarter Ended Septmber 30, 2004

October 25, 2004 - Volterra Semiconductor Corp. reported financial results for its third quarter ended September 30, 2004. Net revenue for the third quarter of 2004 was $12.6 million, an increase of 99% over net revenue of $6.3 million for the third quarter of 2003 and a 37% sequential increase from net revenue of $9.1 million for the second quarter of 2004. Net income was $1.5 million, or $0.06 per share (diluted), for the third quarter of 2004, compared with a net loss of $0.8 million, or ($0.14) per share (diluted), for the third quarter of 2003. Volterra also reports net income and basic and diluted net income per share on a non-GAAP-basis. Non-GAAP net income was $1.7 million, or $0.07 per share (diluted), for the third quarter of 2004, compared to non-GAAP net loss of $0.8 million, or ($0.14) per share (diluted), for the third quarter of 2003. For the Nine months the company reported Net Revenues of $29.3 million on net income of $2.4 million or $0.11 diluted earnings per share against Net revenues of $18.6 million on net loss of $3.5 million or $0.64 diluted loss per share for the same period in the previous year.