The 1942 Arkansas gubernatorial election was held on November 3, 1942. Incumbent Democratic Governor Homer Martin Adkins was re-elected to a second term in office.

Homer Martin Adkins was an American businessman and Democratic politician who served as the 32nd Governor of Arkansas. Adkins is remembered as a skilled retail politician and a strong states' rights proponent and social conservative who served as governor during a period when Arkansas departed from several national economic and societal trends. The Adkins administration fought federal influence in Arkansas during the post-New Deal era; successfully courting federal wartime production investment, during World War II, while battling the federal resettlement of Japanese-Americans in the state and Supreme Court civil rights decisions.