The 1986 Arkansas gubernatorial election was conducted on November 4, 1986, to elect the Governor of Arkansas.
Incumbent Democratic Governor Bill Clinton stood for re-election. He had been elected in 1982 and re-elected in 1984, and sought a third consecutive term and fourth overall (Clinton had been first elected in 1978). His opponent was former Republican Governor Frank D. White, who was seeking to return to the office he had defeated Clinton for in the 1980 election.