The 1994 New Mexico gubernatorial election was held on November 8, 1994, for the four-year term beginning on January 1, 1995. Candidates for governor and lieutenant governor ran on a ticket as running mates.

Bruce King was an American businessman and politician who for three non-consecutive four-year terms was the governor of New Mexico. A member of the Democratic Party, he was the longest-serving governor in New Mexico history, with 12 years of service.