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 25, 2007
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                           Ibis Technology Corporation
                           ---------------------------
             (Exact name of registrant as specified in its charter)



Massachusetts                       0-23150                 04-2987600
- -------------                       -------                 ----------
(State or other jurisdictio         (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
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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 July 25, 2007, Ibis Technology  Corporation  announced its financial  results
for the second  quarter  ending June 30,  2007.  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 July 25, 2007.






                                   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:  July 25, 2007                        /s/ William J. Schmidt
                                           -------------------------------------
                                               William J. Schmidt
                                             Chief Financial Officer









                                  EXHIBIT INDEX

Exhibit
Number             Description
- --------           -----------
99.1               Press Release, Dated July 25, 2007, Announcing Second Quarter
                   2007 Results.