May 11, 1986 Circuit de Monaco | Lap distance 3.328 km
| Pos | Points | No | Driver | Car | Engine | Tyres | Laps | Race Time | Delay | Qualifying | Fastest Lap | |||
| 1 | 9 | 1 | Alain Prost (FRA) | McLaren MP4-2C | TAG TTE PO1 | Goodyear | 78 | 1.000000.060 | 1 | 2.000000.627 | 1 | 6.000000.607 | (51) | |
| 2 | 6 | 2 | Keke Rosberg (FIN) | McLaren MP4-2C | TAG TTE PO1 | Goodyear | 78 | 6.000000.082 | +5.000000.022 | 9 | 4.000000.701 | 3 | 6.000000.971 | (56) |
| 3 | 4 | 12 | Ayrton Senna (BRA) | Team Lotus 98T | Renault EF15B | Goodyear | 78 | 4.000000.706 | +3.000000.646 | 3 | 3.000000.175 | 2 | 6.000000.843 | (68) |
| 4 | 3 | 5 | Nigel Mansell (GBR) | Williams FW11 | Honda RA166-E | Goodyear | 78 | 2.000000.462 | +1.000000.402 | 2 | 3.000000.047 | 4 | 7.000000.405 | (58) |
| 5 | 2 | 25 | René Arnoux (FRA) | Ligier JS27 | Renault EF15B | Pirelli | 77 | 6.000000.265 | +1 lap | 12 | 5.000000.538 | 9 | 7.000000.988 | (26) |
| 6 | 1 | 26 | Jacques Laffite (FRA) | Ligier JS27 | Renault EF15B | Pirelli | 77 | 8.000000.082 | +1 lap | 7 | 4.000000.402 | 8 | 7.000000.873 | (28) |
| 7 | 6 | Nelson Piquet (BRA) | Williams FW11 | Honda RA166-E | Goodyear | 77 | 8.000000.299 | +1 lap | 11 | 5.000000.287 | 7 | 7.000000.797 | (68) | |
| 8 | 18 | Thierry Boutsen (BEL) | Arrows A8 | BMW M12/13 | Goodyear | 75 | 2.000000.346 | +3 laps | 14 | 5.000000.832 | 15 | 0.000 | (53) | |
| 9 | 17 | Marc Surer (SUI) | Arrows A8 | BMW M12/13 | Goodyear | 75 | 7.000000.343 | +3 laps | 17 | 6.000000.300 | 14 | 0.000 | (47) | |
| 10 | 28 | Stefan Johansson (SWE) | Ferrari F1/86 | Ferrari 126C | Goodyear | 75 | 4.000000.292 | +3 laps | 15 | 5.000000.907 | 13 | 9.000000.305 | (68) | |
| 11 | 4 | Philippe Streiff (FRA) | Tyrrell 015 | Renault EF15B | Goodyear | 74 | 7.000000.494 | +4 laps | 13 | 5.000000.720 | 16 | 1.000000.098 | (65) | |
| 12 | 14 | Jonathan Palmer (GBR) | Zakspeed 861 | Zakspeed 861 | Goodyear | 74 | 3.000000.812 | +4 laps | 19 | 6.000000.644 | 19 | 1.000000.679 | (47) | |
| Retirement | ||||||||||||||
| accident | 3 | Martin Brundle (GBR) | Tyrrell 015 | Renault EF15B | Goodyear | 67 | 2.000000.428 | 10 | 4.000000.860 | 10 | 8.000000.649 | (62) | ||
| accident | 16 | Patrick Tambay (FRA) | Lola THL-2 | Ford F1 | Goodyear | 67 | 3.000000.609 | 8 | 4.000000.686 | 6 | 7.000000.769 | (62) | ||
| steering | 20 | Gerhard Berger (AUT) | Benetton B186 | BMW M12/13 | Pirelli | 42 | 8.000000.867 | 5 | 3.000000.960 | 12 | 8.000000.944 | (25) | ||
| turbo | 27 | Michele Alboreto (ITA) | Ferrari F1/86 | Ferrari 126C | Goodyear | 38 | 8.000000.275 | 4 | 3.000000.904 | 11 | 8.000000.776 | (25) | ||
| fuel pump | 7 | Riccardo Patrese (ITA) | Brabham BT55 | BMW M12/13/1 | Pirelli | 38 | 1.000000.046 | 6 | 4.000000.102 | 5 | 7.000000.585 | (36) | ||
| engine | 8 | Elio de Angelis (ITA) | Brabham BT55 | BMW M12/13/1 | Pirelli | 31 | 8.000000.453 | 20 | 7.000000.191 | 17 | 1.000000.236 | (13) | ||
| brakes | 19 | Teo Fabi (ITA) | Benetton B186 | BMW M12/13 | Pirelli | 17 | 8.000000.407 | 16 | 5.000000.926 | 18 | 1.000000.647 | (5) | ||
| accident | 15 | Alan Jones (AUS) | Lola THL-2 | Ford F1 | Goodyear | 2 | 4.000000.233 | 18 | 6.000000.456 | 20 | 5.000000.510 | (2) | ||
| Not qualified | ||||||||||||||
| -- | 21 | Piercarlo Ghinzani (ITA) | Osella FA1F | Alfa Romeo 890T | Pirelli | 7.000000.288 | ||||||||
| -- | 11 | Johnny Dumfries (GBR) | Team Lotus 98T | Renault EF15B | Goodyear | 7.000000.826 | ||||||||
| -- | 29 | Huub Rothengatter (NED) | Zakspeed 861 | Zakspeed 861 | Goodyear | 8.000000.060 | ||||||||
| -- | 22 | Christian Danner (GER) | Osella FA1G | Alfa Romeo 890T | Pirelli | 8.000000.132 | ||||||||
| -- | 23 | Andrea de Cesaris (ITA) | Minardi M/85B | Motori Moderni 6VTC | Pirelli | 8.000000.962 | ||||||||
| -- | 24 | Alessandro Nannini (ITA) | Minardi M/85B | Motori Moderni 6VTC | Pirelli | 9.000000.447 | ||||||||
