Alain Prost won the Austrian Grand Prix 1986 at Red Bull Ring on 17 August 1986, starting from P5 on the grid. Michele Alboreto finished second for Ferrari, with Stefan Johansson completing the podium for Ferrari.
| Pos | Grid | Driver | Team | Laps | Time / Status | Pts | FL |
|---|---|---|---|---|---|---|---|
| 1 | 5 | Alain ProstPRO | McLaren | 52 | 1:21:22.531 | 9 | |
| 2 | 9 | Michele AlboretoALB | Ferrari | 51 | +1 Lap | 6 | |
| 3 | 14 | Stefan JohanssonJOH | Ferrari | 50 | +2 Laps | 4 | |
| 4 | 16 | Alan JonesJON | Lola | 50 | +2 Laps | 3 | |
| 5 | 13 | Patrick TambayTAM | Lola | 50 | +2 Laps | 2 | |
| 6 | 22 | Christian DannerDAN | Arrows | 49 | +3 Laps | 1 | |
| 7 | 2 | Gerhard BergerBER | Benetton | 49 | +3 Laps | 0 | |
| 8 | 24 | Huub RothengatterROT | Zakspeed | 48 | +4 Laps | 0 | |
| 9 | 3 | Keke RosbergROS | McLaren | 47 | Electrical | 0 | |
| 10 | 12 | René ArnouxARN | Ligier | 47 | +5 Laps | 0 | |
| 11 | 25 | Piercarlo GhinzaniGHI | Osella | 46 | +6 Laps | 0 | |
| R | 6 | Nigel MansellMAN | Williams | 32 | Halfshaft | 0 | |
| R | 7 | Nelson PiquetPIQ | Williams | 29 | Engine | 0 | |
| R | 18 | Thierry BoutsenBOU | Arrows | 25 | Turbo | 0 | |
| R | 1 | Teo FabiFAB | Benetton | 17 | Engine | 0 | |
| R | 11 | Philippe AlliotALL | Ligier | 16 | Engine | 0 | |
| R | 19 | Alessandro NanniniNAN | Minardi | 13 | Suspension | 0 | |
| R | 23 | Andrea de CesarisDEC | Minardi | 13 | Clutch | 0 | |
| R | 8 | Ayrton SennaSEN | Team Lotus | 13 | Engine | 0 | |
| R | 17 | Martin BrundleBRU | Tyrrell | 12 | Turbo | 0 | |
| R | 20 | Philippe StreiffSTR | Tyrrell | 10 | Engine | 0 | |
| R | 15 | Johnny DumfriesDUM | Team Lotus | 9 | Engine | 0 | |
| R | 21 | Jonathan PalmerPAL | Zakspeed | 8 | Engine | 0 | |
| R | 26 | Allen BergBER | Osella | 6 | Electrical | 0 | |
| R | 4 | Riccardo PatresePAT | Brabham | 2 | Engine | 0 | |
| W | 10 | Derek WarwickWAR | Brabham | 0 | Withdrew | 0 |