The problem of stability analysis of neural networks with time-varying delay in a given range is investigated in this Letter. By introducing a new Lyapunov functional which uses the information on the lower bound of the delay sufficiently and an augmented Lyapunov functional which contains some triple-integral terms, some improved delay-dependent stability criteria are derived using the free-weighting matrices method. Numerical examples are presented to illustrate the less conservatism of the obtained results and the effectiveness of the proposed method.