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): October 20, 2004
                                                  ----------------

                           Ibis Technology Corporation
                           ---------------------------
             (Exact name of registrant as specified in its charter)



      Massachusetts                  0-23150                     04-2987600
      -------------                  -------                     ----------
(State or other jurisdiction       (Commission                  (IRS Employer
     of incorporation)              File Number)             Identification No.)


32 Cherry Hill Drive, Danvers, Massachusetts  01923
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(Address of principal executive offices)    (Zip Code)


Registrant's telephone number, including area code: (978) 777-4247
                                                    ---------------

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant Rule 425 under the Securities Act (17 CFR
    230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
    CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))




ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On October 20, 2004, Ibis Technology Corporation announced the results for its
third quarter of 2004. A copy of the press release is being furnished as Exhibit
99.1 to this Current Report on Form 8-K. This information shall not be deemed
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), or incorporated by reference in any filing under
the Securities Act of 1933, as amended, or the Exchange Act, except as shall be
expressly set forth by specific reference in such a filing.


ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

(a)  Not applicable.

(b)  Not applicable.

(c)  Exhibits

     Exhibit 99.1.        Press Release issued by Ibis Technology Corporation on
                          October 20, 2004.



                                   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.


                                      IBIS TECHNOLOGY CORPORATION


Date: October 20, 2004                        /s/ William J. Schmidt
                                      ------------------------------------------
                                      William J. Schmidt Chief Financial Officer




                                  EXHIBIT INDEX

Exhibit
Number                   Description
- ------                   -----------

99.1                     Press Release, Dated October 20, 2004, Announcing Third
                         Quarter 2004 Results.