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 29, 2003





                                   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 29, 2003, Cree, Inc. (the "Company"), issued a press release announcing
results for the period ended June 29, 2003. A copy of the Company's press
release is attached as Exhibit 99.1 hereto and is incorporated herein by
reference.

The information in this Current Report on Form 8-K 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 Current Report on Form 8-K 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 29, 2003                   Cynthia B. Merrell
                                       Chief Financial Officer

                                  EXHIBIT INDEX

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

  99.01              Press release, July 29, 2003