Led by James B. Higgins in his tenth and final season as head coach, the Cardinals compiled an overall record of an 7–3 with a mark of 4–3 in conference play, placing fourth in the LSC.
Lamar Tech played home games at Greenie Stadium in Beaumont, Texas.
1962 was the program's final season as a member of the Lone Star Conference.
Lamar Tech competed as an independent in 1963 and joined the Southland Conference in 1964.
Higgins was named NCAA College Division Coach of the Year for Region VII following the season.