The 27th Filipino Academy of Movie Arts and Sciences (FAMAS) Awards was held on May 20, 1978, at the Philippine International Convention Center to honor outstanding achievements in films from 1977.
Bakya Mo Neneng of J.E. Productions won the most award with 6 wins including FAMAS Award for Best Picture, Best Director, Best Screenplay, Best Cinematography, Best Sound and Best Musical Score but its lead stars, Nora Aunor and Joseph Estrada failed to win an acting Awards. On the other hand, Dolphy won his first his FAMAS Best Actor award for the film Omeng Santanasia and Susan Roces as best actress for her film Maligno.
Winners are listed first and highlighted with boldface.