ofTHE RUNDOWNGwyneth Paltrow attended the 2026 Oscars wearing a Giorgio Armani Privé gown.The actress recently returned to the screen as one of the stars of Josh Safdie’s Oscar-nominated film Marty Supreme.She will serve as a presenter at tonight’s ceremony.Few stars have a longer history of Oscars red carpet fashion than Gwyneth Paltrow. The Academy Award-winning actress, well-recognized for her memorable sartorial moments, arrived at the Dolby Theatre tonight as one of the ceremony’s appointed presenters, following her recent return to the screen with her role in Josh Safdie’s A24 film Marty Supreme.On the red carpet, Paltrow stepped out in a custom Giorgio Armani Privé ivory silk gown. The look featured a strapless neckline, crystal embellishments, and cut-out sides that showed off Paltrow’s nude tulle trousers underneath.Arturo Holmes//Getty ImagesFrazer Harrison//Getty ImagesFor jewelry, she wore a platinum and yellow gold necklace featuring a 2-carat yellow diamond, along with matching earrings and a ring, all by Tiffany & Co.Frazer Harrison//Getty ImagesThe actress has reentered the awards season circuit this year after a quieter period focused on building her lifestyle brand Goop and launching her fashion label, Gwyn. Her role as Kay Stone in Marty Supreme marked a notable return to the entertainment world; the film went on to receive multiple Academy Award nominations, including for Best Picture.Reflecting on returning to acting after several years away, Paltrow told The Hollywood Reporter in December 2025, “I was like, ‘Oh fuck, do I remember how to do this?’ It had been seven years. But I didn’t get the bug back until I was on set doing the hair-and-makeup test. That’s when I was like, ‘Oh, what is this weird feeling I’m having? Oh my God, this is excitement. I’m actually really excited to be here.’”Paltrow’s appearance tonight follows a striking red carpet moment earlier this month at the Actor Awards, where she wore a plunging black Givenchy gown with a sheer bodice. The occasion marked her first time attending the ceremony in 26 years.Neilson Barnard//Getty ImagesFashion has long been intertwined with Paltrow’s career, particularly on the Oscars red carpet. Her pink Ralph Lauren gown at the 1999 Academy Awards—where she won Best Actress for Shakespeare in Love—remains one of the ceremony’s most recognizable fashion moments.Frank Trapper//Getty Images