The 1992 season was Molde's 18th season in the top flight of Norwegian football. This season Molde competed in Tippeligaen and the Norwegian Cup. In Tippeligaen, Molde finished in 6th position, 10 points behind winners Rosenborg. Molde participated in the 1992 Norwegian Cup. They reached the third round where they were knocked out by third tier side Melhus after losing 1–2 at home ground.