The 1978 Texas lieutenant gubernatorial election was held on November 7, 1978, to elect the Lieutenant Governor of Texas. The Incumbent, William P. Hobby Jr. ran for re-election to his third term, he was elected against Republican, Gaylord Marshall whom he had beaten four years earlier. Hobby won the election with 65% of the vote to Marshall's 34%, and was sworn in on January 15, 1979 alongside Texas' first Republican Governor since Reconstruction, Bill Clements who had won the concurrent gubernatorial election.