Mormodes matogrossensis, a new epiphytic orchid species is described and illustrated from the Floresta Estacional Sempre Verde along the Teles Pires River in southern Brazilian Amazon. This species belongs to M. sect. Mormodes and is similar to M. vinacea and M. paraënsis but differs by the lip lanceolate-trullate with basal lateral lobes, which are rounded and inconspicuously obtuse. We provided description, taxonomic and ecological comments, state of conservation, geographic distribution map, illustrations of the new species.