The 1992 Air Force Falcons football team represented the United States Air Force Academy in the 1992 NCAA Division I-A football season. The team was led by ninth-year head coach Fisher DeBerry and played its home games at Falcon Stadium. It finished the regular season with a 7–5 record overall and a 4–4 record in Western Athletic Conference games. The team was selected to play in the Liberty Bowl, in which it lost to Ole Miss.