1977–78 New Mexico Lobos men's basketball team

The 1977–78 New Mexico Lobos men's basketball team represented the University of New Mexico as a member of the Western Athletic Conference during the 1977–78 NCAA Division I men's basketball season. The Lobos were coached by head coach Norm Ellenberger and played their home games at the University Arena, also known as "The Pit", in Albuquerque, New Mexico.

Schedule and results
!colspan=9 style=| Regular season

!colspan=9 style=| NCAA tournament

Awards and honors

 * Michael Cooper – USBWA First-team All-American
 * Marvin Johnson – Honorable mention AP All-American