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The 1986 Peach Bowl was a post-season American college football bowl game at Fulton County Stadium in Atlanta, Georgia between the Virginia Tech Hokies and the Wolfpack from North Carolina State University on December 31, 1986. The game was the final contest of the 1986 NCAA Division I-A football season for both teams, and ended in a 25–24 victory for Virginia Tech, the first bowl victory in school history.
Virginia Tech came into the game with a 9–1–1 record that included an unusual win over the Temple Owls, who were forced to forfeit a victory to Virginia Tech after using an ineligible player. Facing the Hokies in the Peach Bowl were the 18th-ranked Wolfpack from North Carolina State University. N.C. State was led by head coach Dick Sheridan and had a regular-season record of 8–2–1 that included five wins over Atlantic Coast Conference teams.
The 1986 Peach Bowl kicked off five years minus one day since Virginia Tech had last played in Atlanta—during the 1981 Peach Bowl. Virginia Tech scored first in the game, but NC State's Bulluck blocked a Tech punt in the Tech end zone and recovered it for a tying touchdown. Virginia Tech kicked a field goal at the end of the quarter to take a 10–7 lead, but NC State fought back, scoring 14 unanswered points in the second quarter to take a 21–10 lead by halftime. In the third quarter, the game turned into a defensive battle. Neither side scored until late in the third quarter, when Tech took advantage of a State fumble to score the first touchdown of the second half. Tech failed to convert a two-point conversion, but NC State fumbled again on the ensuing possession, and Tech was able to drive for another touchdown. Leading 22–21, Tech attempted another two-point conversion, which also failed.
NC State, needing to score, drove down the field and kicked a go-ahead 33-yard field goal with 7:12 remaining in the game. After a failed possession, Tech was forced to punt the ball, allowing NC State to run down the clock. The Virginia Tech defense eventually forced a stop, giving the Tech offense one final chance to win the game. With 1:53 on the clock and beginning from their own 20-yard line, the Hokies drove 57 yards to the NC State 23-yard line. There, kicker Craig Kinzer successfully kicked a 40-yard field goal as time expired to give Virginia Tech the win.