The 1994 Mjólkurbikarinn was the 35th season of the Icelandic national football cup. It started on 31 May 1994 and concluded with the final on 28 August 1994. The winners qualified for the qualifying round of the 1995âÂÂ96 UEFA Cup Winners' Cup.
|colspan="3" style="background-color:#97DEFF"|31 May 1994
|- |colspan="3" style="background-color:#97DEFF"|1 June 1994
|colspan="3" style="background-color:#97DEFF"|15 June 1994
|- |colspan="3" style="background-color:#97DEFF"|16 June 1994
|colspan="3" style="background-color:#97DEFF"|28 June 1994
|- |colspan="3" style="background-color:#97DEFF"|29 June 1994
|- |colspan="3" style="background-color:#97DEFF"|30 June 1994
|colspan="3" style="background-color:#97DEFF"|14 July 1994
|- |colspan="3" style="background-color:#97DEFF"|15 July 1994
|colspan="3" style="background-color:#97DEFF"|24 July 1994
|- |colspan="3" style="background-color:#97DEFF"|25 July 1994
|colspan="3" style="background-color:#97DEFF"|17 August 1994