The 1978 Arkansas Razorbacks football team represented the University of Arkansas in the Southwest Conference (SWC) during the 1978 NCAA Division I-A football season.
In their second year under head coach Lou Holtz, the Razorbacks compiled a 9–2–1 record (6–2 against SWC opponents), finished in a tie for second place in the SWC, and outscored their opponents by a combined total of 336 to 147.
The team advanced to 1978 Fiesta Bowl, playing to a 10–10 tie with UCLA.
The team was described as having "tremendous talent at all skill positions" with a "swift" defense.
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