The 1992 World Snooker Championship (also referred to as the 1992 Embassy World Snooker Championship for the purposes of sponsorship) was a professional ranking snooker tournament that took place between 18 April and 4 May 1992 at the Crucible Theatre in Sheffield, England. John Parrott was the defending champion but he lost 12–13 to Alan McManus in the quarter-finals and fell to the Crucible curse, becoming another champion unable to defend his first world title. Stephen Hendry was the eventual winner, after defeating Jimmy White 18–14 in the final. At one point White led by 14–8, but Hendry then won 10 successive frames to secure his second World Championship title. The tournament was sponsored by cigarette manufacturer Embassy.

Tournament summary

Prize fund

The breakdown of prize money for this year is shown below:

Main draw

Shown below are the results for each round. The numbers in parentheses beside some of the players are their seeding ranks (each championship has 16 seeds and 16 qualifiers).

Century breaks

There were 25 century breaks in the championship.