The 1940 South American Basketball Championship was the 8th edition of this tournament. It was held in Montevideo, Uruguay and won by the host, Uruguay national basketball team. A record 6 teams competed, including Paraguay in their first appearance, despite the World War that was currently under way.
1940 South American Basketball Championship| 8th South American Basketball Championship |
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| Host country | Uruguay |
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| Dates | 20-28 January |
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| Teams | 6 |
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| Venue(s) | 1 (in 1 host city) |
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| Champions |  Uruguay (3rd title) |
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Each team played the other five teams once, for a total of five games played by each team and 15 overall in the tournament.
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| Uruguay
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25 - 23
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Argentina
|
| Uruguay
|
38 - 15
|
Brazil
|
| Uruguay
|
43 - 26
|
Chile
|
| Uruguay
|
25 - 24
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Peru
|
| Uruguay
|
61 - 13
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Paraguay
|
| Argentina
|
46 - 33
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Brazil
|
| Argentina
|
18 - 17
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Chile
|
| Argentina
|
40 - 26
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Peru
|
| Argentina
|
50 - 5
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Paraguay
|
| Brazil
|
36 - 31
|
Chile
|
| Brazil
|
27 - 21
|
Peru
|
| Brazil
|
24 - 20
|
Paraguay
|
| Chile
|
35 - 32
|
Peru
|
| Chile
|
57 - 26
|
Paraguay
|
| Peru
|
46 - 19
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Paraguay
|
Uruguay (3rd title)
Argentina
Brazil
Chile
Peru
Paraguay