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| Date | Sunday 17 August 1986 |
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| Start time | 14:00 |
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| Event |  Austrian GP |
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| Circuit | Osterreichring |
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| Event Format | Race of 52 laps |
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| Championship | World Championship |
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| Race number | #12 of 16 in 1986
#432 (of all time) |
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| Laps | 52 |
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| Circuit Perimeter | 5942 m |
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| Race Distance | 5942 × 52 = 308.984 km |
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| Grid Format | 2-2-2-2 (staggered) |
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| Pole Position | Right |
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| First Corner | Right |
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| Track Direction | Clockwise |
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| Weather | Sunny, Hot, Dry |
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| Entries | 26 |
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| Qualifiers | 26 |
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| Finishers | 11 |
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| Debutants | None |
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| Milestones | Benetton Formula Ltd – 1st Pole Position (Entrant)
 Benetton – 1st Pole Position (Car Manufacturer)
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| Records Broken |
1. Most 25th Place Qualifications –  Piercarlo Ghinzani (6),
2. Most 23rd Place Qualifications in a Season – Andrea de Cesaris (5),
3. Most 25th Place Qualifications in a Season – Osella (7)
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| Records Extended |
1. Most Constructors' Championship Points Scores – Ferrari (359),
2. Most Podium Finishes – Ferrari (316),
3. Most Retirements – Lotus (468),
4. Most Drivers' Championship Points Scores – Ferrari (491),
5. Most Retirements – Riccardo Patrese (85),
6. Most 2nd Place Finishes – Ferrari (125),
7. Most 3rd Place Finishes – Ferrari (99),
8. Most Race Entries – Lotus (1068),
9. Most 5th Place Qualifications –  Alain Prost (16),
10. Most 9th Place Qualifications – Ferrari (50),
11. Most 25th Place Qualifications – Osella (16),
12. Most 26th Place Qualifications – Osella (16)
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