The 1976 Austrian Grand Prix was a Formula One motor race held at the Österreichring on 15 August 1976. It was the eleventh race of the 1976 Formula One Season.

The race was won by John Watson, driving a Penske-Ford. As well as being Watson's first F1 victory, it was also the only F1 victory for the Penske team, coming a year after the death of their former driver Mark Donohue at the same circuit. Roger Penske would withdraw from F1 at the end of the season to concentrate on Indycars.

Jacques Laffite finished second in a Ligier-Matra, with Gunnar Nilsson third in a Lotus-Ford. Drivers' Championship challenger James Hunt finished fourth in his McLaren-Ford, having started from pole position.

With local hero Niki Lauda still in hospital following his near-fatal accident at the Nürburgring two weeks previously, and Ferrari not entering the race in protest at the reinstatement of Hunt as the winner of the Spanish Grand Prix, there was talk that the race would be cancelled. In the event, the race went ahead, but was attended by fewer spectators than usual.