| Race details | |
|---|---|
 | |
| Date | 23 November 1986 |
| Location | Guia Circuit, Macau |
| Course | Temporary street circuit 6.120 km (3.803 mi) |
| Distance | Leg 1 15 laps, 91.8 km (57.0 mi) Leg 2 15 laps, 91.8 km (57.0 mi) |
| Leg 1 | |
| Pole | |
| Driver |  Stefano Modena |
| Time | 2:22.41 |
| Fastest Lap | |
| Driver | Emanuele Pirro |
| Time | 2:24.31 |
| Podium | |
| First |  Andy Wallace |
| Second |  Jan Lammers |
| Third |  Maurício Gugelmin |
| Leg 2 | |
| Pole | |
| Driver | Andy Wallace |
| Fastest Lap | |
| Driver | Emanuele Pirro |
| Time | 2:22.91 |
| Podium | |
| First | Andy Wallace |
| Second | Emanuele Pirro |
| Third | Maurício Gugelmin |
| Overall Results | |
| First | Andy Wallace |
| Second | Maurício Gugelmin |
| Third | Jan Lammers |
The 1986 Macau Grand Prix Formula Three was the 33rd Macau Grand Prix race to be held on the streets of Macau on 23 November 1986. It was the third edition for Formula Three cars.
