Full race two results from the first round of the 2004 World Superbike Championship, at Valencia, Spain.

1. Noriyuki HagaJPN999RTeam Renegade Ducati 23laps
2. James ToselandGBR999RDucati Fila +1.769secs
3. Steve MartinAUS999RDFXtreme Sterilgarda +10.021secs
4. Pier Francesco ChiliITA999RTeam PSG-1 Corse +10.138secs
5. Chris VermeulenAUSCBR 1000RRTen Kate Honda +17.067secs
6. Garry McCoyAUS999RTeam Xerox Ducati - Nortel Networks +21.140secs
7. Chris WalkerGBRFP1Foggy Petronas Racing +21.584secs
8. Marco BorcianiITA999RDFXtreme Sterilgarda +21.626secs
9. Leon HaslamGBR999RTeam Renegade Ducati +33.387secs
10. Mauro SanchiniITAZX-10RRTeam Kawasaki Bertocchi +33.537secs
11. Troy CorserAUSFP1Foggy Petronas Racing +36.556secs
12. Sergio FuertesESPGSX-R 1000 MIR Racing +40.458secs
13. Lucio PederciniITA996RTeam Pedercini 43.819secs
14. Ivan ClementiITAZX-10RRTeam Kawasaki Bertocchi 46.515secs
15. Horst Saiger AUT YZF R1 Life Haus RT 57.694secs
16. Piergiorgio BontempiITAGSX-R 1000 Zongshen Team +1min 3.975secs
17. Warwick NowlandAUSGSX-R 1000Zongshen Team +1min 6.674secs
18. Alessio VeliniITAYZF R1GiMotorsport UnionBike +1min 9.952secs
19. Miguel PraiaPOR999RTeam Xerox Ducati - Nortel Networks +1lap

DNF:Jiri MrkyvkaCZE996RJM SBK Team +22lapsGiancluca NannelliITA996RTeam Pedercini +23lapsR?gis LaconiFRA999RDucati Fila +23laps