The 34th Filipino Academy of Movie Arts and Sciences Awards Night was held in 1986 in the Philippines. The event recognizes outstanding achievements in the Filipino movie industry for the prior year.
Paradise Inn won the most awards including the FAMAS Award for Best Picture and best director for Celso Ad Castillo. Eddie Romero and George Canseco were elevated to the Hall of Fame for winning more than five times on their respective category.
Winners are listed first and highlighted with boldface.