Ayrton Senna won the Spanish Grand Prix 1986 at Circuito de Jerez on 13 April 1986, starting from pole position. Nigel Mansell finished second for Williams, with Alain Prost completing the podium for McLaren.
| Pos | Grid | Driver | Team | Laps | Time / Status | Pts | FL |
|---|---|---|---|---|---|---|---|
| 1 | 1 | Ayrton SennaSEN | Team Lotus | 72 | 1:48:47.735 | 9 | |
| 2 | 3 | Nigel MansellMAN | Williams | 72 | +0.014 | 6 | |
| 3 | 4 | Alain ProstPRO | McLaren | 72 | +21.552 | 4 | |
| 4 | 5 | Keke RosbergROS | McLaren | 71 | +1 Lap | 3 | |
| 5 | 9 | Teo FabiFAB | Benetton | 71 | +1 Lap | 2 | |
| 6 | 7 | Gerhard BergerBER | Benetton | 71 | +1 Lap | 1 | |
| 7 | 19 | Thierry BoutsenBOU | Arrows | 68 | +4 Laps | 0 | |
| 8 | 18 | Patrick TambayTAM | Lola | 66 | +6 Laps | 0 | |
| R | 10 | Johnny DumfriesDUM | Team Lotus | 52 | Gearbox | 0 | |
| R | 12 | Martin BrundleBRU | Tyrrell | 41 | Engine | 0 | |
| R | 8 | Jacques LaffiteLAF | Ligier | 40 | Halfshaft | 0 | |
| R | 22 | Marc SurerSUR | Arrows | 39 | Fuel system | 0 | |
| R | 2 | Nelson PiquetPIQ | Williams | 39 | Engine | 0 | |
| R | 15 | Elio de AngelisDEA | Brabham | 29 | Gearbox | 0 | |
| R | 6 | René ArnouxARN | Ligier | 29 | Halfshaft | 0 | |
| R | 13 | Michele AlboretoALB | Ferrari | 22 | Wheel bearing | 0 | |
| R | 20 | Philippe StreiffSTR | Tyrrell | 22 | Engine | 0 | |
| R | 23 | Christian DannerDAN | Osella | 14 | Engine | 0 | |
| R | 11 | Stefan JohanssonJOH | Ferrari | 11 | Brakes | 0 | |
| R | 21 | Piercarlo GhinzaniGHI | Osella | 10 | Engine | 0 | |
| R | 14 | Riccardo PatresePAT | Brabham | 8 | Gearbox | 0 | |
| R | 24 | Andrea de CesarisDEC | Minardi | 1 | Differential | 0 | |
| R | 16 | Jonathan PalmerPAL | Zakspeed | 0 | Collision | 0 | |
| R | 17 | Alan JonesJON | Lola | 0 | Collision | 0 | |
| R | 25 | Alessandro NanniniNAN | Minardi | 0 | Differential | 0 |