| Type: | WMC |
| Grand Prix: | Spanish |
| Date: | 31 July |
| Year: | 1927 |
| Official Name: | III Gran Premio de España |
| Country: | Spain |
| Flag Suffix: | 1785 |
| Race No: | 3 |
| Season No: | 5 |
| Location: | San Sebastián, Spain |
| Course: | Circuito Lasarte |
| Course Mi: | 11.76 |
| Course Km: | 17.32 |
| Distance Laps: | 40 |
| Distance Mi: | 430.4 |
| Distance Km: | 692.6 |
| Pole Driver: | Emilio Materassi[1] |
| Pole Country: | Italy |
| Pole Flag Suffix: | 1861 |
| Pole Team: | Bugatti |
| Grid From Number: | True |
| Fast Driver: | Robert Benoist |
| Fast Team: | Delage |
| Fast Time: | 7:33.2 |
| Fast Country: | France |
| First Driver: | Robert Benoist |
| First Team: | Delage |
| First Country: | France |
| Second Driver: | Caberto Conelli |
| Second Team: | Bugatti |
| Second Country: | Italy |
| Second Flag Suffix: | 1861 |
| Third Driver: | Edmond Bourlier |
| Third Team: | Delage |
| Third Country: | France |
The 1927 Spanish Grand Prix (formally the III Gran Premio de España) was a Grand Prix motor race held at Circuito Lasarte on 31 July 1927. The race was held over 40 laps of a 17.315 km circuit, for a total race distance of 692.600 km. The race was won by Robert Benoist driving a Delage.
| Pos | No | Driver | Car | Laps | Time/Retire | |
|---|---|---|---|---|---|---|
| 1 | 6 | Delage 15 S 8 | 40 | 5h20m45 | ||
| 2 | 9 | Bugatti 39A | 40 | 5h23m02 | ||
| 3 | 10 | Edmond Bourlier | Delage 15 S 8 | 40 | 5h28m12 | |
| Ret | 12 | Bugatti 39A | 36 | Crash | ||
| Ret | 4 | Bugatti 39A | 31 | Crash | ||
| Ret | 14 | Delage 15 S 8 | 15 | Mechanical | ||
| Ret | 8 | Joaquín Palacio | Maserati 26 (8C-1500) | 5 | Engine | |
| Sources:[2] | ||||||