1986 FAMAS Awards
The 34th Filipino Academy of Movie Arts and Sciences Awards Night was held in 1986 in the Philippines. The event recognizes outstanding achievements in the Filipino movie industry for the prior year.
Paradise Inn won the most awards including the FAMAS Award for Best Picture and best director for Celso Ad Castillo. Eddie Romero and George Canseco were elevated to the Hall of Fame for winning more than five times on their respective category.
Awards
Major Awards
Winners are listed first and highlighted with boldface.| Best Picture | Best Director |
Paradise Inn — Amazaldy Films
| Celso Ad Castillo — Paradise Inn |
| Best Actor | Best Actress |
| Phillip Salvador — Bayan ko: Kapit sa patalim | Vivian Velez — Paradise Inn |
| Best Supporting Actor | Best Supporting Actress |
| Dante Rivero — Sa Dibdib ng Sierra Madre | Dina Bonnevie — Tinik sa Dibdib |
| Best Child Actor | Best Child Actress |
| Jaypee de Guzman — Tinik sa Dibdib | |
| Best in Screenplay | Best Story |
| Oscar Miranda — Paradise Inn | Jose Dalisay — Miguelito: Batang Rebelde |
| Best Sound | Best Musical Score |
| Rolly Ruta — Paradise Inn | Willy Cruz — Bituing Walang Ningning |
| Best Cinematography | Best Editing |
| Romy Vitug — Paradise Inn | Augusto Salvador — Partida |
| Best Theme Song | Production Design |
| Willy Cruz — Bituing Walang Ningning | Don Escudero — Virgin Forest |
| Best Visual Effects | |
| Ramjie — Zuma | — |
Special Awardee
- Hall of Fame Awardee
- *Eddie Romero - Screenplay
- **1985 - Ang Padrino
- **1981 - Aguila
- **1980 - Durugin Si Totoy Bato
- **1967 - The Passionate Strangers
- **1953- Buhay Alamang
- Bida Sa Takilya
- *Sharon Cuneta
- Hall of Fame Awardee
- *George Canseco - Theme Song
- **1985 - Dapat Ka Bang Mahalin?
- **1984 - Paano Ba Ang Mangarap?
- **1983 - Gaano Kadalas Ang Minsan?
- **1981 - Langis At Tubig
- **1980 - Huwag, Bayaw
- Best Dressed Movie Star
- *'''Lorna Tolentino'''