| Date: | February 21–27 (men) February 28 – March 7 (women) |
| Edition: | 21st |
| Prize Money: | $1,470,000 |
| Category: | Super 9 (ATP) Tier II Series (WTA) |
| Surface: | Hard / outdoor |
| Location: | Indian Wells, CA, U.S. |
| Venue: | Grand Champions Resort |
| Champms: |  Pete Sampras[1] |
| Champws: | Steffi Graf |
| Champmd: |  Grant Connell / Patrick Galbraith[2] |
| Champwd: | Lindsay Davenport / Lisa Raymond |
The 1994 Newsweek Champions Cup and the Evert Cup were tennis tournaments played on outdoor hard courts. It was the 21st edition of the Indian Wells Masters and was part of the Super 9 of the 1994 ATP Tour and of Tier II of the 1994 WTA Tour. They were held at the Grand Champions Resort in Indian Wells, California, in the United States, with the women's tournament played from February 21 through February 27, 1994, while the men's tournament was played from February 28 through March 7, 1994.
The men singles was headlined by World No. 1 Pete Sampras, Jim Courier and Stefan Edberg. Other top seeds were Sergi Bruguera, Goran Ivanišević, Michael Chang, Todd Martin and Thomas Muster.
The women's draw featured World No. 1 Steffi Graf, Mary Joe Fernández, and Lindsay Davenport. Other top seeds present were Natasha Zvereva, Helena Suková, and Amanda Coetzer.
See main article: 1994 Newsweek Champions Cup – Singles. Pete Sampras defeated 
Petr Korda 4–6, 6–3, 3–6, 6–3, 6–2
See main article: 1994 Evert Cup – Singles. Steffi Graf defeated Amanda Coetzer 6–0, 6–4
See main article: 1994 Newsweek Champions Cup – Doubles. Grant Connell / Patrick Galbraith defeated Byron Black / Jonathan Stark 7–5, 6–3
See main article: 1994 Evert Cup – Doubles. Lindsay Davenport / Lisa Raymond defeated Manon Bollegraf / Helena Suková 6–2, 6–4