| Year: | 1994 |
| Conference Name: | Governors Cup |
| Duration: | September 27 – December 18, 1994 |
| Tv: | Vintage Sports (PTV) |
| Best Player: | Vergel Meneses |
| Best Import: | Ronnie Coleman |
| Champion: | Alaska Milkmen |
| Runner-Up: | Swift Mighty Meaties |
| Prevconf Link: | 1993 PBA Governors Cup |
| Prevconf Year: | 1993 |
| Nextconf Link: | 1995 PBA Governors Cup |
| Nextconf Year: | 1995 |
| Prev Conf: | 1994 Commissioner's |
| Prev Conf Link: | 1994 PBA Commissioner's Cup |
| Next Conf: | 1995 All-Filipino |
| Next Conf Link: | 1995 PBA All-Filipino Cup |
The 1994 Philippine Basketball Association (PBA) Governors Cup was the third conference of the 1994 PBA season. It started on September 27 and ended on December 18, 1994. The tournament had an import-laden format, requiring an import or a pure-foreign player for each team.
The two champions in the first two conferences were seeded in the semifinal round by virtue of San Miguel Beer representing the Philippine national team in the Hiroshima Asian Games and Commissioner's Cup champion Purefoods Tender Juicy Hotdogs lending three of its key players to the national quintet.[1]
The following format will be observed for the duration of the conference:
See main article: 1994 PBA Governors Cup Finals.