The SM.92 was an Italian twin-engine fighter/bomber prototype designed and produced in 1943. It was an improvement of the SM.88, a similar aircraft. The aircraft was powered by two German Daimler-Benz 605 engines. Development of the prototype was slow, being finished in 1943 and tested in 1944. The aircraft's performance was below expectations, and the prototype was damaged after an Axis pilot in a C.205 mistook it for an American P-38 Lightning and engaged it. The aircraft was grounded for repairs and destroyed on the ground by Allied bombing.

Introduced in Update 1.87 "Locked On". The SM.92 is a decent jack of all trades; it has good offensive and suspended armament, a decent climb rate with air spawn, and average agility. The aircraft is more ideal for boom-and-zoom tactics in air combat, due to its offensive armament: a short, well-placed burst is enough to destroy most fighters, and the armament is also sufficient to engage bombers at high altitudes. For ground battles, the two 500 kg bombs can destroy any target in sight, even heavy tanks, so you can attack ground units and then switch to intercept enemy bombers or ground attackers.