- Feb 1 Finland goes 1-2 in the Nordic combined event at the St. Moritz Winter Olympics; Heikki Hasu takes gold ahead of teammate Martti Huhtala
- Feb 1 Johnny Palmer sets a 36-hole PGA Tour scoring record with rounds of 62-64 in the Tucson Open; finishes runner-up by 1 stroke to Skip Alexander who cards tournament record total 264
- Feb 4 After winning the men’s downhill, French alpine skier Henri Oreiller takes the combined gold medal at the St. Moritz Winter Olympics; becomes most successful athlete at these Games with a slalom bronze
- Feb 5 18-year-old Dick Button becomes first American men's figure skating Olympic gold medallist at the St. Moritz Winter Games; first to complete a double axel in competition; retains title in 1952
- Feb 5 Gretchen Fraser becomes 1st US woman Olympic ski slalom champion
- Feb 6 Nils Karlsson wins the 50k cross country gold medal at the St. Moritz Winter Olympics; Swedish skiers win all 3 cross-country events at the Games
- Feb 6 World & European champion Barbara Ann Scott becomes the first Canadian to win a women's figure skating Olympic gold medal at the St. Moritz Winter Games
- Feb 7 After winning Lake Placid (1932) and Garmisch-Partenkirchen (1936) Olympic ski jumping gold medals, Birger Ruud comes out of retirement to win silver in St. Moritz in a Norwegian medal sweep
- Feb 8 Canada beats Switzerland 3-0, to regain the Olympic ice hockey title at the St. Moritz Winter Games; forward Walter Halder top scores with 29 points in Canada’s 5th Olympic title
- Feb 8 V Winter Olympic Games close at St Moritz, Switzerland
- Feb 11 Billy Griffith scores cricket century on debut Eng v WI, out for 140
- Feb 11 Test cricket debut of Frank Worrell for the West Indies vs. England at Port-of-Spain
- Feb 13 West Indian batsman Andy Ganteaume scores 112 for W Indies in his only Test Cricket innings
- Feb 21 NASCAR is incorporated
Little's Leap Day PGA Win
Feb 29 Lawson Little earns his first tournament victory since his US Navy discharge capturing the St. Petersburg Open by 3 strokes over Bobby Locke; last golfer to win a PGA Tour event on Leap Year Day
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