1992–93 Ukrainian Cup was the second edition of the Ukrainian Cup competition. It started on July 26, 1992, with a Podillya face-off and concluded with the final on May 30, 1993. The main highlights of this season's edition was a successful play of FC Khimik Severodonetsk who made to the quarterfinals at expense of FC Shakhtar Donetsk, defeating them at the first stage of the Cup competition. Another sensation was the defeat of the defending champions FC Chornomorets Odessa from their city-mates SC Odessa in the first round of the competition as well. Once again teams FC Torpedo Zaporizhia and FC Metalist Kharkiv made to the semifinals.

The top scorer this season was Vitaliy Parakhnevych who was at the biggest fault in eliminating the Cup holders Chornomorets Odessa. FC Kryvbas Kryvyi Rih and FC Hazovyk Komarne were suspended for participation in the next year competition due to no showing up for games. Those teams were awarded a technical loss.

One hundred ten teams entered the competition

Almost all games were played on August 1, 1992. The Vinnytsia Oblast face-off between Podillya and Nyva took place on July 26 and Rotor challenged Polihraftekhnika on August 4, 1992.

Almost all games took place on August 7, 1992. The game between Lokomotyv and junior team of Dynamo in Zdolbuniv was played a week later on August 15, 1992.

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