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)		April 20, 2004
SILICON GRAPHICS INC.
(Exact name of Registrant as Specified in Charter)
Delaware	001-10441		94-2789662
(State or Other Jurisdiction	(Commission File Number)		(IRS Employer
of Incorporation)			Identification No.)
1500 Crittenden Lane
Mountain View, CA			94043-1351
(Address of Principal Executive Offices)			(Zip Code)
Registrant’s telephone number, including area code		(650) 960-1980
(Former Name or Former Address, if Changed Since Last Report)

Item 7. Exhibits

            (c)

            99.1 Earnings Press Release dated April 20, 2004

Item 12. Results of Operations and Financial Condition

            On April 20, 2004, the Company announced its financial results for the fiscal quarter ended March 26, 2004. A copy of the press release announcing the Company’s financial results is included as an exhibit to and incorporated by reference in this Current Report on Form 8-K. This Current Report on Form 8-K is furnished pursuant to Item 12 of Form 8-K and is not intended to be incorporated by reference into future filings under the Securities Exchange Act of 1934 or the Securities Act of 1933 unless expressly incorporated by reference in such filings.

SILICON GRAPHICS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands except per share amounts)

		Three Months Ended						Nine Months Ended
		March 26,			March 28,			March 26,			March 28,
		2004			2003			2004			2003
		(unaudited)						(unaudited)
Product and other revenue	$	132,025		$	113,233		$	398,774		$	403,593
Service revenue		98,138			103,894			287,329			317,990
Total revenue		230,163			217,127			686,103			721,583
Costs and expenses:
Cost of product and other revenue		70,116			75,528			219,584			246,534
Cost of service revenue		55,532			61,118			156,413			182,929
Research and development		30,287			44,911			95,862			130,474
Selling, general and administrative		72,275			80,247			220,719			241,110
Other operating expense, net (1)		8,643			3,200			45,865			17,461
Total costs and expenses		236,853			265,004			738,443			818,508
Operating loss		(6,689	)		(47,877	)		(52,339	)		(96,925	)
Interest expense		(3,832	)		(5,956	)		(15,903	)	(2)	(18,360	)
Interest income and other , net		4,370			3,561			(26,081	)	(3)	7,957
Loss before income taxes		(6,151	)		(50,272	)		(94,323	)		(107,328	)
Income tax provision (benefit)		(2,061	)		(15,285	)		(4,936	)		(14,272	)
Net loss	$	(4,091	)	$	(34,987	)	$	(89,388	)	$	(93,056	)
Net loss per common share - basic and diluted	$	(0.02	)	$	(0.17	)	$	(0.41	)	$	(0.46	)
Shares used in the calculation of net loss per common
share - basic and diluted		229,743			201,990			216,782			200,805

(1)	Represents charges for and changes in previously estimated restructuring costs.
(2)	The three- and nine-month periods ended March 26, 2004 include $3 million in interest expense associated with the induced conversion of a portion of our 6.50% Senior Secured Convertible Notes and a $6 million credit to interest expense related to premium amortization on these same convertible notes.
(3)	The nine-month period ended March 26, 2004 includes a $31 million non-cash loss resulting from the extinguishment of the exchanged 5.25% Senior Convertible Notes due in 2004.

SILICON GRAPHICS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)

		March 26,			June 27,
		2004			2003
ASSETS		(unaudited)
Current assets:
Cash and cash equivalents	$	144,786		$	140,836
Short-term marketable investments		1,285			440
Short-term restricted investments		33,117			35,298
Accounts receivable, net		128,336			133,166
Inventories		71,515			71,426
Prepaid expenses and other current assets		39,790			51,727
Total current assets		418,829			432,893
Restricted investments		905			1,430
Property and equipment, net		84,454			108,062
Other assets		103,367			107,469
	$	607,555		$	649,854
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
Accounts payable	$	71,848		$	76,507
Accrued compensation		39,791			38,916
Income taxes payable		19,464			22,666
Other current liabilities		113,915			126,987
Current portion of long-term debt		22,666			16,894
Deferred revenue		156,215			149,434
Total current liabilities		423,899			431,404
Long-term debt		265,280			291,956
Other liabilities		82,824			91,385
Total liabilities		772,003			814,745
Total stockholders' deficit		(164,448	)		(164,891	)
	$	607,555		$	649,854

SIGNATURE

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

Dated: April 20, 2004	By:	/s/ Sandra M. Escher
		Sandra M. Escher
		Senior Vice President and General Counsel

EXHIBIT INDEX
EXHIBIT
NUMBER	DOCUMENT DESCRIPTION
99.1	Earnings Press Release dated April 20, 2004