The 1932 Texas Tech Matadors football team represented Texas Technological College—now known as Texas Tech University—as a member of the Border Conference during the 1932 college football season. In their third season under head coach Pete Cawthon, the Matadors compiled a 10–2 record (2–0 against conference opponents) and outscored opponents by a combined total of 382 to 35. The team played its home games at Tech Field.