UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549



                                    FORM 8-K


                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


         Date of Report (Date of earliest event reported): July 27, 2004





                                   CREE, INC.
             (Exact name of registrant as specified in its charter)


 North Carolina                    000-21154                      56-1572719
 (State or other           (Commission File Number)            (I.R.S. Employer
  jurisdiction                                               Identification No.)
of incorporation)



                4600 Silicon Drive, Durham, North Carolina 27703
                    (Address of principal executive offices)



                                 (919) 313-5300
              (Registrant's telephone number, including area code)


                                       N/A
          (Former name or former address, if changed since last report)





Item 12.  Disclosure of Results of Operations and Financial Condition

On July 27, 2004, Cree, Inc. (the "Company")  issued a press release  announcing
results for the fiscal  quarter and year ended June 27, 2004.  The press release
is attached as Exhibit 99.01 and incorporated into this report by reference.

The  information  in this  report  shall  not be deemed  to be  "filed"  for the
purposes of Section 18 of the  Securities  Exchange Act of 1934, as amended,  or
otherwise subject to the liability of that section. Furthermore, the information
in this report  shall not be deemed to be  incorporated  by  reference  into the
filings of the Company under the Securities Act of 1933, as amended.


                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                    CREE, INC.



                                    By:     /s/ Cynthia B. Merrell
                                        ---------------------------------------
Dated: July 27, 2004                    Cynthia B. Merrell
                                        Chief Financial Officer



                                  EXHIBIT INDEX


Exhibit No.                Description of Exhibit
-----------                ----------------------

  99.01                    Press Release, July 27, 2004