The 1940 Navy Midshipmen football team represented the United States Naval Academy during the 1940 college football season. In their second season under head coach Swede Larson, the Midshipmen compiled a 6–2–1 record and outscored their opponents by a combined score of 106 to 46.
Navy was ranked at No. 46 (out of 697 college football teams) in the final rankings under the Litkenhous Difference by Score system for 1940.
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