The 35th Filipino Academy of Movie Arts and Sciences Awards Night was held in 1987 in the Philippines . This is for the Outstanding Achievements of the different films for the year 1986.
Magdusa ka won the most awards with four wins but it was Gabi na Kumader that won FAMAS Award for Best Picture both were produced by Viva Films. On the other hand, Nora Aunor earned her 15th consecutive nomination from FAMAS
Winners are listed first and highlighted with boldface.