| Year: | 1962 |
| Team: | SMU Mustangs |
| Sport: | football |
| Conference: | Southwest Conference |
| Short Conf: | SWC |
| Record: | 2–8 |
| Conf Record: | 2–5 |
| Head Coach: | Hayden Fry |
| Hc Year: | 1st |
| Captain: | Tommy Brennan, Les Stewart, Jack Rhoads |
The 1962 SMU Mustangs football team represented Southern Methodist University (SMU) as a member of the Southwest Conference (SWC) during the 1962 NCAA University Division football season. Led by first-year head coach Hayden Fry, the Mustangs compiled an overall record of 2–8 with a conference mark of 2–5, placing seventh in the SWC.