List of American films of 1927

The 1st Academy Awards were presented in Los Angeles on May 16, 1929 at The Hollywood Roosevelt Hotel.

1927 films released between July 1 and December 31 were eligible for the initial awards.

Wings, released in August 1927, won the Academy Award for Best Picture and Sunrise: A Song of Two Humans, released in September 1927, won in the other Best Picture category (presented only once) — Unique and Artistic Production.

There were two other nominees for Best Picture — 7th Heaven, initially released in May 1927, before the eligibility period, but subsequently re-released in September — and 1928's The Racket.

The other two nominees for Unique and Artistic Production were: Chang: A Drama of the Wilderness (released in April 1927, also before the eligibility period, but still in general distribution after July 1) and 1928's The Crowd.