| 1986 PBA season | |
|---|---|
| Duration | April 6, 1986 – December 11, 1986 |
| Number of teams | 7 |
| TV partner(s) | Vintage Sports (PTV) |
| 1986 PBA Draft | |
| Top draft pick | Rey Cuenco |
| Picked by | Alaska Milkmen |
| Season MVP | Ramon Fernandez (Tanduay Rhum Makers) |
| Reinforced Conference champions | Tanduay Rhum Makers |
| Reinforced Conference runners-up | Great Taste Coffee Makers |
| All-Filipino Conference champions | Tanduay Rhum Makers |
| All-Filipino Conference runners-up | Ginebra San Miguel |
| Open Conference champions | Ginebra San Miguel |
| Open Conference runners-up | Manila Beer Brewmasters |
The 1986 PBA season was the 12th season of the Philippine Basketball Association (PBA).