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                            SMITH INTERNATIONAL, INC.

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                                  JULY 18, 2001
                                 DATE OF REPORT
                        (DATE OF EARLIEST EVENT REPORTED)



                            SMITH INTERNATIONAL, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)



           DELAWARE                  1-8514                     95-3822631
(STATE OR OTHER JURISDICTION OF    (COMMISSION               (I.R.S. EMPLOYER
 INCORPORATION OR ORGANIZATION)    FILE NUMBER)             IDENTIFICATION NO.)

                      411 N. SAM HOUSTON PARKWAY, SUITE 600
                                 HOUSTON, TEXAS
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)


                                      77060
                                   (ZIP CODE)


                                 (281) 443-3370
              (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)

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ITEM 5:  OTHER EVENTS

       A copy of the press release announcing the Company's results for the
second quarter of 2001 is filed as Exhibit 99.1 and is hereby incorporated
herein by reference.


ITEM 7.  Financial Statements and Exhibits

(a)      Financial statements of businesses acquired

         Not applicable.

(b)      Pro forma financial information

         Not applicable.

(c)      Exhibits

         99.1     Press Release issued by the Registrant dated July 18, 2001.

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                                   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.

                                   SMITH INTERNATIONAL, INC.


                                        /s/ NEAL S. SUTTON
                                        ------------------

                                   By:  Neal S. Sutton
                                        Senior Vice President - Administration,
                                        General Counsel and Secretary

Date:  July 18, 2001

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                                  EXHIBIT INDEX


    EXHIBIT NO.                   DESCRIPTION

        99.1            Press Release dated July 18, 2001.