The 1976 Formula 5000 season was the tenth season of the Sports Car Club of America's premier open wheel racing series. All rounds were co-sanctioned by the United States Auto Club. The following year, F5000 would form the basis for a revival of the Can Am Series, beginning a slight resurgence of interest also contributed to by the Trans Am Series in the 1980s. For the first time in three years, a vehicle other than a Lola won a race, with March and Shadow winning one race apiece. The season also marked the end of Chevrolet's continuous sweeping of the series, with Dodge winning at Road America.