The 1986 NCAA Division I Indoor Track and Field Championships were contested March 14−15, 1986 at the Myriad Convention Center in Oklahoma City, Oklahoma to determine the individual and team national champions of men's and women's NCAA collegiate indoor track and field events in the United States.

These were the 22nd annual men's championships and the 4th annual women's championships.

[1] Two-time defending champions Arkansas claimed the men's team title, the Razorbacks' third overall title and, ultimately, the third of twelve straight titles for Arkansas.

Texas, meanwhile, claimed their first women's team title, topping the team standings by five points.

All teams and athletes from Division I indoor track and field programs were eligible to compete for this year's individual and team titles.