November 15, 1987 Adelaide Street Circuit | Lap distance 3.780 km
| Pos | Points | No | Driver | Car | Engine | Tyres | Laps | Race Time | Delay | Qualifying | Fastest Lap | |||
| 1 | 9 | 28 | Gerhard Berger (AUT) | Ferrari F1-87 | Ferrari 033 | Goodyear | 82 | 1:52'56.144 | 1 | 1'17.267 | 1 | 1'20.416 | (72) | |
| 2 | 6 | 27 | Michele Alboreto (ITA) | Ferrari F1-87 | Ferrari 033 | Goodyear | 82 | 1:54'04.028 | +1'07.884 | 6 | 1'18.578 | 3 | 1'21.124 | (48) |
| 3 | 4 | 20 | Thierry Boutsen (BEL) | Benetton B187 | Ford F1 | Goodyear | 81 | 1:54'16.070 | +1 lap | 5 | 1'18.523 | 9 | 1'22.769 | (45) |
| 4 | 3 | 3 | Jonathan Palmer (GBR) | Tyrrell DG016 | Ford Cosworth DFZ | Goodyear | 80 | 1:54'16.400 | +2 laps | 19 | 1'22.087 | 10 | 1'23.197 | (59) |
| 5 | 29 | Yannick Dalmas (FRA) | Lola LC87 | Ford Cosworth DFZ | Goodyear | 79 | 1:53'04.456 | +3 laps | 21 | 1'22.650 | 11 | 1'23.207 | (55) | |
| 6 | 1 | 14 | Roberto Moreno (BRA) | AGS JH22 | Ford Cosworth DFZ | Goodyear | 79 | 1:53'44.855 | +3 laps | 25 | 1'23.659 | 18 | 1'24.488 | (62) |
| 7 | 10 | Christian Danner (GER) | Zakspeed 871 | Zakspeed 871 | Goodyear | 79 | 1:53'55.483 | +3 laps | 24 | 1'23.046 | 15 | 1'24.119 | (35) | |
| 8 | 8 | Andrea de Cesaris (ITA) | Brabham BT56 | BMW M12/13/1 | Goodyear | 78 | 1:52'47.682 | +4 laps | 10 | 1'19.590 | 2 | 1'20.917 | (65) | |
| 9 | 5 | Riccardo Patrese (ITA) | Williams FW11B | Honda RA167G | Goodyear | 76 | 1:46'57.436 | +6 laps | 7 | 1'18.813 | 5 | 1'21.491 | (52) | |
| Retirement | ||||||||||||||
| brakes | 6 | Nelson Piquet (BRA) | Williams FW11B | Honda RA167G | Goodyear | 58 | 1:21'21.247 | 3 | 1'18.017 | 6 | 1'21.981 | (40) | ||
| spun off | 16 | Ivan Capelli (ITA) | March 871 | Ford Cosworth DFZ | Goodyear | 58 | 1:22'58.968 | 23 | 1'22.698 | 12 | 1'23.296 | (55) | ||
| brakes | 1 | Alain Prost (FRA) | McLaren MP4-3 | TAG TTE PO1 | Goodyear | 53 | 1:13'52.893 | 2 | 1'17.967 | 4 | 1'21.381 | (47) | ||
| overheating | 18 | Eddie Cheever (USA) | Arrows A10 | Megatron | Goodyear | 53 | 1:18'38.394 | 11 | 1'20.187 | 13 | 1'23.390 | (18) | ||
| brakes | 2 | Stefan Johansson (SWE) | McLaren MP4-3 | TAG TTE PO1 | Goodyear | 48 | 1:07'17.916 | 8 | 1'18.826 | 7 | 1'22.232 | (38) | ||
| brakes | 19 | Teo Fabi (ITA) | Benetton B187 | Ford F1 | Goodyear | 46 | 1:06'18.259 | 9 | 1'19.461 | 8 | 1'22.246 | (44) | ||
| transmission | 23 | Adrián Campos (ESP) | Minardi M187 | Motori Moderni 6VTC | Goodyear | 46 | 1:09'19.777 | 26 | 1'24.121 | 24 | 1'27.676 | (35) | ||
| electrical | 30 | Philippe Alliot (FRA) | Lola LC87 | Ford Cosworth DFZ | Goodyear | 45 | 1:05'13.161 | 17 | 1'21.888 | 19 | 1'24.834 | (39) | ||
| ignition | 25 | René Arnoux (FRA) | Ligier JS29C | Megatron | Goodyear | 41 | 58'51.287 | 20 | 1'22.303 | 14 | 1'23.999 | (30) | ||
| physical | 7 | Stefano Modena (ITA) | Brabham BT56 | BMW M12/13/1 | Goodyear | 31 | 47'16.192 | 15 | 1'21.014 | 16 | 1'24.294 | (4) | ||
| ignition | 26 | Piercarlo Ghinzani (ITA) | Ligier JS29C | Megatron | Goodyear | 26 | 44'54.772 | 22 | 1'22.689 | 21 | 1'25.196 | (24) | ||
| suspension | 11 | Satoru Nakajima (JPN) | Team Lotus 99T | Honda RA167G | Goodyear | 22 | 32'05.745 | 14 | 1'20.891 | 20 | 1'24.926 | (18) | ||
| transmission | 17 | Derek Warwick (GBR) | Arrows A10 | Megatron | Goodyear | 19 | 27'33.126 | 12 | 1'20.638 | 17 | 1'24.478 | (18) | ||
| engine | 9 | Martin Brundle (GBR) | Zakspeed 871 | Zakspeed 871 | Goodyear | 18 | 26'14.703 | 16 | 1'21.483 | 22 | 1'25.554 | (11) | ||
| spun off | 4 | Philippe Streiff (FRA) | Tyrrell DG016 | Ford Cosworth DFZ | Goodyear | 6 | 9'04.531 | 18 | 1'21.971 | 23 | 1'26.823 | (6) | ||
| accident | 24 | Alessandro Nannini (ITA) | Minardi M187 | Motori Moderni 6VTC | Goodyear | 0 | 13 | 1'20.701 | ||||||
| Disqualified | ||||||||||||||
| -- | 12 | Ayrton Senna (BRA) | Team Lotus 99T | Honda RA167G | Goodyear | 82 | 1:53'30.989 | 4 | 1'18.488 | 1'20.456 | (63) | |||
| Not qualified | ||||||||||||||
| -- | 21 | Alex Caffi (ITA) | Osella FA1I | Alfa Romeo 890T | Goodyear | 1'25.872 | ||||||||
