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The 1968 New Mexico gubernatorial election took place on November 5, 1968, in order to elect the Governor of New Mexico. Incumbent Republican David Cargo ran for reelection to a second term. This election was the last in which the governor was elected to a two-year term, instead of to a four-year term.
The Democratic primary was won by former state senator Fabian Chavez Jr.
The Republican primary was won by Governor David Cargo.
Jose Maestes was the nominee of the People's Constitutional Party. He had replaced Reies Tijerina, who had been denied ballot access due to his status as a convicted felon.