The 1992 Italian motorcycle Grand Prix was the fifth race of the 1992 Grand Prix motorcycle racing season. It took place on the weekend of 22–24 May 1992 at the Mugello Circuit.

500 cc race report Wayne Gardner, back from injuries, crashed in practice and missed the race. Mick Doohan got the lead at the start and it became a 3-man battle between him, Kevin Schwantz and Wayne Rainey. Rainey crashed out; Doohan, got dropped by Schwantz, almost crashed too.

500 cc classification Pos. Rider Team Manufacturer Time/Retired Points 1 Kevin Schwantz Lucky Strike Suzuki Suzuki 46:26.225 20 2 Mick Doohan Rothmans Honda Team Honda +5.068 15 3 John Kocinski Marlboro Team Roberts Yamaha +32.542 12 4 Doug Chandler Lucky Strike Suzuki Suzuki +36.084 10 5 Alex Barros Cagiva Team Agostini Cagiva +43.606 8 6 Juan Garriga Ducados Yamaha Yamaha +43.617 6 7 Miguel Duhamel Yamaha Motor Banco Yamaha +43.711 4 8 Àlex Crivillé Campsa Honda Team Honda +45.139 3 9 Niall Mackenzie Yamaha Motor Banco Yamaha +50.894 2 10 Randy Mamola Budweiser Team/Global Motorsports Yamaha +57.888 1 11 Eddie Lawson Cagiva Team Agostini Cagiva +1:00.237 12 Corrado Catalano KCS International ROC Yamaha +1:25.780 13 Thierry Crine Ville de Paris ROC Yamaha +1:37.173 14 Eddie Laycock Milla Racing Yamaha +1:51.721 15 Toshiyuki Arakaki Team ROC Banco ROC Yamaha +1:52.268 16 Michael Rudroff Rallye Sport Harris Yamaha +2:04.488 17 Dominique Sarron Team ROC Banco ROC Yamaha +1 Lap 18 Juan Lopez Mella Nivea For Men Team ROC Yamaha +1 Lap 19 Cees Doorakkers HEK Racing Team Harris Yamaha +1 Lap 20 Damon Buckmaster Padgett's Motorcycles Harris Yamaha +1 Lap 21 Nicholas Schmassman Uvex Racing Team ROC Yamaha +1 Lap 22 Peter Graves Peter Graves Racing Team Harris Yamaha +1 Lap Ret (23) Wayne Rainey Marlboro Team Roberts Yamaha Retirement Ret (24) Serge David Team ROC Banco ROC Yamaha Retirement Ret (25) Josef Doppler Uvex Racing Team ROC Yamaha Retirement Ret (26) Marco Papa Librenti Corse Librenti Retirement Ret (27) Lucio Pedercini Paton Grand Prix Paton Retirement Ret (28) Kevin Mitchell MBM Racing Harris Yamaha Retirement DNS Wayne Gardner Rothmans Kanemoto Honda Honda Did not start DNQ Andreas Leuthe VRP Racing Team VRP Did not qualify DNQ Larry Moreno Vacondio Team Domina Yamaha Did not qualify DNQ Claude Arciero Arciero Racing Team ROC Yamaha Did not qualify Sources:

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