Led by second-year head coach Dell Morgan, the Red Raiders compiled an overall record of 4–5–1 with a mark of 3–0–1 in conference play, sharing the Border Conference title with Hardin–Simmons.

This was Texas Tech's The second Border Conference championship.

71 (out of 590 college and military teams) in the final rankings under the Litkenhous Difference by Score System for 1942.

[1] The team played home games at Tech Field in Lubbock, Texas.

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