See main article: 1992 Philips Head Cup.
Tomás Carbonell and Francisco Roig were the defending champions, but Carbonell did not compete this year. Roig teamed up with Diego Pérez and lost in the semifinals to Horacio de la Peña and Vojtěch Flégl.
Sergio Casal and Emilio Sánchez won the title by defeating De la Peña and Flégl 6–1, 6–2 in the final.[1] [2]
All seeds received a bye to the second round.