September 27, 1987 Circuito de Jerez | Lap distance 4.218 km
| Pos | Points | No | Driver | Car | Engine | Tyres | Laps | Race Time | Delay | Qualifying | Fastest Lap | |||
| 1 | 9 | 5 | Nigel Mansell (GBR) | Williams FW11B | Honda RA167G | Goodyear | 72 | 1:49'12.692 | 2 | 1'23.081 | 8 | 1'28.444 | (45) | |
| 2 | 6 | 1 | Alain Prost (FRA) | McLaren MP4-3 | TAG TTE PO1 | Goodyear | 72 | 1:49'34.917 | +22.225 | 7 | 1'24.596 | 4 | 1'27.459 | (30) |
| 3 | 4 | 2 | Stefan Johansson (SWE) | McLaren MP4-3 | TAG TTE PO1 | Goodyear | 72 | 1:49'43.510 | +30.818 | 11 | 1'26.147 | 6 | 1'28.133 | (59) |
| 4 | 3 | 6 | Nelson Piquet (BRA) | Williams FW11B | Honda RA167G | Goodyear | 72 | 1:49'44.142 | +31.450 | 1 | 1'22.461 | 2 | 1'27.108 | (49) |
| 5 | 2 | 12 | Ayrton Senna (BRA) | Team Lotus 99T | Honda RA167G | Goodyear | 72 | 1:50'26.199 | +1'13.507 | 5 | 1'24.320 | 11 | 1'30.088 | (20) |
| 6 | 1 | 30 | Philippe Alliot (FRA) | Lola LC87 | Ford Cosworth DFZ | Goodyear | 71 | 1:49'51.179 | +1 lap | 17 | 1'28.361 | 12 | 1'30.365 | (50) |
| 7 | 4 | Philippe Streiff (FRA) | Tyrrell DG016 | Ford Cosworth DFZ | Goodyear | 71 | 1:50'30.184 | +1 lap | 15 | 1'28.330 | 19 | 1'31.279 | (50) | |
| 8 | 18 | Eddie Cheever (USA) | Arrows A10 | Megatron | Goodyear | 70 | 1:48'43.688 | +2 laps | 13 | 1'27.062 | 10 | 1'29.934 | (46) | |
| 9 | 11 | Satoru Nakajima (JPN) | Team Lotus 99T | Honda RA167G | Goodyear | 70 | 1:49'17.040 | +2 laps | 18 | 1'28.367 | 18 | 1'31.228 | (42) | |
| 10 | 17 | Derek Warwick (GBR) | Arrows A10 | Megatron | Goodyear | 70 | 1:49'27.505 | +2 laps | 12 | 1'26.728 | 17 | 1'31.105 | (41) | |
| 11 | 9 | Martin Brundle (GBR) | Zakspeed 871 | Zakspeed 871 | Goodyear | 70 | 1:49'43.353 | +2 laps | 20 | 1'28.597 | 20 | 1'31.373 | (44) | |
| 12 | 16 | Ivan Capelli (ITA) | March 871 | Ford Cosworth DFZ | Goodyear | 70 | 1:50'30.518 | +2 laps | 19 | 1'28.477 | 13 | 1'30.407 | (61) | |
| 13 | 7 | Riccardo Patrese (ITA) | Brabham BT56 | BMW M12/13/1 | Goodyear | 68 | 1:49'34.537 | +4 laps | 9 | 1'25.335 | 3 | 1'27.150 | (67) | |
| 14 | 23 | Adrián Campos (ESP) | Minardi M187 | Motori Moderni 6VTC | Goodyear | 68 | 1:49'55.599 | +4 laps | 24 | 1'29.538 | 25 | 1'33.503 | (31) | |
| 15 | 27 | Michele Alboreto (ITA) | Ferrari F1-87 | Ferrari 033 | Goodyear | 67 | 1:42'08.912 | +5 laps | 4 | 1'24.192 | 5 | 1'27.738 | (54) | |
| 16 | 20 | Thierry Boutsen (BEL) | Benetton B187 | Ford F1 | Goodyear | 66 | 1:40'21.977 | +6 laps | 8 | 1'25.295 | 7 | 1'28.299 | (65) | |
| Retirement | ||||||||||||||
| engine | 28 | Gerhard Berger (AUT) | Ferrari F1-87 | Ferrari 033 | Goodyear | 62 | 1:34'26.811 | 3 | 1'23.164 | 1 | 1'26.986 | (49) | ||
| collision | 3 | Jonathan Palmer (GBR) | Tyrrell DG016 | Ford Cosworth DFZ | Goodyear | 55 | 1:24'55.441 | 16 | 1'28.353 | 14 | 1'30.514 | (50) | ||
| collision | 25 | René Arnoux (FRA) | Ligier JS29C | Megatron | Goodyear | 55 | 1:26'39.427 | 14 | 1'28.241 | 23 | 1'32.650 | (50) | ||
| transmission | 10 | Christian Danner (GER) | Zakspeed 871 | Zakspeed 871 | Goodyear | 50 | 1:27'37.269 | 22 | 1'28.667 | 21 | 1'32.074 | (19) | ||
| turbo | 24 | Alessandro Nannini (ITA) | Minardi M187 | Motori Moderni 6VTC | Goodyear | 45 | 1:10'47.807 | 21 | 1'28.602 | 16 | 1'30.722 | (19) | ||
| brakes | 19 | Teo Fabi (ITA) | Benetton B187 | Ford F1 | Goodyear | 40 | 1:01'29.703 | 6 | 1'24.523 | 9 | 1'29.319 | (32) | ||
| gearbox | 8 | Andrea de Cesaris (ITA) | Brabham BT56 | BMW M12/13/1 | Goodyear | 26 | 40'17.131 | 10 | 1'25.811 | 15 | 1'30.670 | (23) | ||
| ignition | 26 | Piercarlo Ghinzani (ITA) | Ligier JS29C | Megatron | Goodyear | 24 | 38'15.631 | 23 | 1'29.066 | 22 | 1'32.604 | (20) | ||
| clutch | 14 | Pascal Fabre (FRA) | AGS JH22 | Ford Cosworth DFZ | Goodyear | 10 | 16'31.172 | 25 | 1'30.694 | 26 | 1'35.672 | (3) | ||
| suspension | 32 | Nicola Larini (ITA) | Coloni FC187 | Ford Cosworth DFZ | Goodyear | 8 | 12'54.632 | 26 | 1'30.982 | 24 | 1'33.108 | (7) | ||
| Not qualified | ||||||||||||||
| -- | 21 | Alex Caffi (ITA) | Osella FA1I | Alfa Romeo 890T | Goodyear | 1'31.069 | ||||||||
| -- | 22 | Franco Forini (SUI) | Osella FA1G | Alfa Romeo 890T | Goodyear | 1'34.723 | ||||||||
