Second Round
| Tie no | Home team | Score | Away team |
|---|---|---|---|
| 1 | HK | 2 – 0 | Haukar U23 |
| 2 | KFS | 4 – 1 | Fram U23 |
| 3 | Reynir Á. | 1 – 4 | Tindastóll |
| 4 | Völsungur | 5 – 0 | Leiftur/Dalvík |
| 5 | Keflavík U23 | 4 – 3 a.e.t. | Breiðablik |
| 6 | Skallagrímur | 1 – 2 | Deiglan |
| 7 | Höttur | 4 – 3 | KF Fjarðabyggð |
| 8 | Víðir | 1 – 0 | Fylkir U23 |
| 9 | BÍ | 6 – 2 | Bolungarvík |
| 10 | Njarðvík | 6 – 1 | Breiðablik U23 |
| 11 | Leiknir Fáskrúðsfjörður | 2 – 6 | Huginn |
| 12 | KS | 7 – 2 | Snörtur |
| 13 | ÍR | 2 – 0 | HK U23 |
| 14 | Númi | 13 – 1 | Austri |
| 15 | Selfoss | 4 – 2 | FH U23 |
| 16 | KR U23 | 3 – 5 a.e.t. | ÍA U23 |
Read more about this topic: 2003 Icelandic Cup
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