July 27, 1986 Hockenheimring | Lap distance 6.797 km
| Pos | Points | No | Driver | Car | Engine | Tyres | Laps | Race Time | Delay | Qualifying | Fastest Lap | |||
| 1 | 9 | 6 | Nelson Piquet (BRA) | Williams FW11 | Honda RA166-E | Goodyear | 44 | 1:22'08.263 | 5 | 1'42.545 | 2 | 1'47.721 | (34) | |
| 2 | 6 | 12 | Ayrton Senna (BRA) | Team Lotus 98T | Renault EF15C | Goodyear | 44 | 1:22'23.700 | +15.437 | 3 | 1'42.329 | 4 | 1'49.424 | (39) |
| 3 | 4 | 5 | Nigel Mansell (GBR) | Williams FW11 | Honda RA166-E | Goodyear | 44 | 1:22'52.843 | +44.580 | 6 | 1'42.696 | 3 | 1'47.899 | (37) |
| 4 | 3 | 25 | René Arnoux (FRA) | Ligier JS27 | Renault EF15C | Pirelli | 44 | 1:23'23.439 | +1'15.176 | 8 | 1'43.693 | 7 | 1'50.374 | (27) |
| 5 | 2 | 2 | Keke Rosberg (FIN) | McLaren MP4-2C | TAG TTE PO1 | Goodyear | 43 | 1:20'16.378 | +1 lap | 1 | 1'42.013 | 5 | 1'49.552 | (25) |
| 6 | 1 | 1 | Alain Prost (FRA) | McLaren MP4-2C | TAG TTE PO1 | Goodyear | 43 | 1:20'26.654 | +1 lap | 2 | 1'42.166 | 6 | 1'49.649 | (26) |
| 7 | 8 | Derek Warwick (GBR) | Brabham BT55 | BMW M12/13/1 | Pirelli | 43 | 1:22'36.807 | +1 lap | 20 | 1'48.206 | 13 | 1'52.955 | (30) | |
| 8 | 16 | Patrick Tambay (FRA) | Lola THL-2 | Ford F1 | Goodyear | 43 | 1:23'03.266 | +1 lap | 13 | 1'44.979 | 9 | 1'51.629 | (23) | |
| 9 | 15 | Alan Jones (AUS) | Lola THL-2 | Ford F1 | Goodyear | 42 | 1:22'30.326 | +2 laps | 19 | 1'47.518 | 11 | 1'52.577 | (18) | |
| 10 | 20 | Gerhard Berger (AUT) | Benetton B186 | BMW M12/13 | Pirelli | 42 | 1:23'30.444 | +2 laps | 4 | 1'42.541 | 1 | 1'46.604 | (35) | |
| 11 | 28 | Stefan Johansson (SWE) | Ferrari F1/86 | Ferrari 126C | Goodyear | 41 | 1:19'58.408 | +3 laps | 11 | 1'44.346 | 8 | 1'50.932 | (30) | |
| 12 | 22 | Allen Berg (CAN) | Osella FA1G | Alfa Romeo 890T | Pirelli | 40 | 1:24'13.452 | +4 laps | 26 | 1'56.959 | 24 | 1'58.449 | (23) | |
| Retirement | ||||||||||||||
| turbo | 17 | Christian Danner (GER) | Arrows A8 | BMW M12/13 | Goodyear | 38 | 1:15'10.687 | 17 | 1'46.355 | 19 | 1'54.975 | (28) | ||
| gearbox | 29 | Huub Rothengatter (NED) | Zakspeed 861 | Zakspeed 861 | Goodyear | 38 | 1:22'41.934 | 24 | 1'50.918 | 21 | 1'56.401 | (13) | ||
| engine | 14 | Jonathan Palmer (GBR) | Zakspeed 861 | Zakspeed 861 | Goodyear | 37 | 1:13'59.079 | 16 | 1'45.887 | 20 | 1'56.145 | (23) | ||
| electrical | 3 | Martin Brundle (GBR) | Tyrrell 015 | Renault EF15B | Goodyear | 34 | 1:14'25.936 | 15 | 1'45.432 | 14 | 1'53.682 | (21) | ||
| turbo | 7 | Riccardo Patrese (ITA) | Brabham BT55 | BMW M12/13/1 | Pirelli | 22 | 42'32.104 | 7 | 1'43.348 | 12 | 1'52.818 | (11) | ||
| gearbox | 23 | Andrea de Cesaris (ITA) | Minardi M/85B | Motori Moderni 6VTC | Pirelli | 20 | 39'47.732 | 23 | 1'50.066 | 18 | 1'54.826 | (17) | ||
| overheating | 24 | Alessandro Nannini (ITA) | Minardi M/85B | Motori Moderni 6VTC | Pirelli | 19 | 38'09.788 | 22 | 1'49.369 | 22 | 1'56.721 | (3) | ||
| radiator | 11 | Johnny Dumfries (GBR) | Team Lotus 98T | Renault EF15B | Goodyear | 17 | 32'56.341 | 12 | 1'44.768 | 15 | 1'53.756 | (7) | ||
| turbo | 18 | Thierry Boutsen (BEL) | Arrows A9 | BMW M12/13 | Goodyear | 13 | 27'06.883 | 21 | 1'49.240 | 23 | 1'56.803 | (12) | ||
| engine | 26 | Philippe Alliot (FRA) | Ligier JS27 | Renault EF15B | Pirelli | 11 | 23'19.473 | 14 | 1'45.047 | 17 | 1'54.145 | (7) | ||
| clutch | 21 | Piercarlo Ghinzani (ITA) | Osella FA1F | Alfa Romeo 890T | Pirelli | 10 | 20'36.835 | 25 | 1'56.468 | 25 | 2'00.492 | (7) | ||
| engine | 4 | Philippe Streiff (FRA) | Tyrrell 015 | Renault EF15B | Goodyear | 7 | 13'34.405 | 18 | 1'47.371 | 16 | 1'54.025 | (7) | ||
| transmission | 27 | Michele Alboreto (ITA) | Ferrari F1/86 | Ferrari 126C | Goodyear | 6 | 11'30.521 | 10 | 1'44.308 | 10 | 1'52.570 | (5) | ||
| accident | 19 | Teo Fabi (ITA) | Benetton B186 | BMW M12/13 | Pirelli | 0 | 9 | 1'44.001 | ||||||
