The 92nd annual Academy Awards are here.
The biggest night in Hollywood is taking place at the Dolby Theatre in Los Angeles on Sunday, Feb. 9. Tune in at 8 p.m. EST on ABC.
There's a lot of buzz around this year's awards, with plenty of potential for a major upset among the nominees.
No matter what your predictions are, there are sure to be some big fashion winners on the red carpet.
See some of the best looks from tonight's show below.
Regina King
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King looks stunning in her pink, one-shoulder gown. Last year, King won for Best Supporting Actress for her role in "If Beale Street Could Talk."
Kelly Ripa
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Ripa is rocking the ruffles! Her black one-shoulder dress is classic, dramatic and fun all at once.
Mark Consuelos
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Ripa's husband isn't too shabby himself. The "Riverdale" actor is dashing in this navy tux with black lapels, accented by a gleaming gold timepiece.
Bong Joon-Ho
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The "Parasite" director has been getting a lot of thumbs up this awards season! He's giving one back at the Oscars in this bold all-black look.
Spike Lee and Tonya Lewis Lee
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The legendary director showed up dressed to tribute the late Kobe Bryant, wearing 24, the basketball star's last jersey number, on the lapels of his Lakers-colored tux. His wife Tonya Lewis Lee complements Lee's colorful look with an elegant, cream-colored gown.
Sigourney Weaver
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Weaver looks timeless in this green draped look, punctuated by a matching clutch and sparkling dangling earrings.
Laura Dern
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Dern is all smiles in this pink gown topped by a black tasseled bust. She is a favorite for Best Supporting Actress for her role in "Marriage Story."
Mandy Kaling
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There's nothing to laugh at about the funnywoman's sunny one-shoulder gown. She completes the look with a short diamond necklace and matching dazzling earrings.
Questlove
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Nothing new here. Just the lead of "Tonight Show" band The Roots looking cool as always, this time in an all-black fit with a huge crystal charm necklace.
Chrissy Metz
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"This Is Us" star Chrissy Metz looks captivating in this fiery red draping gown, with matching deep lipstick and a whopping diamond ring on her hand.
Billy Porter
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Porter never misses on the red carpet. He's giving THE Oscar statue a run for its money with this futuristic stunner.
Julia Louis-Dreyfus
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Presidential has never looked so glam. The 59-year-old "Veep" vet stuns in this slim-strapped navy gown.
Janelle Monae
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Monae is a caped goddess in this glittery gown. Squint through the sparkles to see the glamorous diamonds adorning her neck.
Noah Baumbach and Greta Gerwig
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The directing power couple is ready to be in front of the camera tonight. The "Marriage Story" writer-director is donning the timeless tux while the "Little Women" writer-director looks 1868-flawless in this jungle-green dress.
Billie Eilish
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The music darling of the year is putting a new twist on Chanel in this fuzzy fit, her signature neon hair and some super long black nails.
Olivia Colman
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The "The Crown" star is flawless in this stunning, deconstructed velvet gown, punctuated by green gem earrings and a black clutch.
Archie Yates and Roman Griffin Davis
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The "Jojo Rabbit" stars are looking adorable, livin' large in their little tuxes.
Mario Lopez
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Slater's not in gym class anymore! The "Saved by the Bell" star may be reprising his role in the classic show's reboot,
Salma Hayek
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The "Like a Boss" actress is gorgeous in this cream gown, looking like an empress in her silver headpiece and sparkling strap.
Joaquin Phoenix
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In January, Phoenix vowed to wear the same Stella McCartney suit to every award show this season. He's making good on his promise tonight. The "Joker" star is up for Best Actor, but you couldn't tell behind those dark poker-face shades.
Cynthia Erivo
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Erivo sizzles in this white Versace gown. The actress is up for two nominations including Best Actress for her role in "Harriet."
Wolfgang Puck
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The star chef comes out the kitchen to show off some goodies. Puck is overseeing the menu at Governors Ball, the official Oscars after party where he will serve more than 1,500 people.
Sandra Oh
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Statement much? Sandra Oh is turning heads in this ruffly number, with a line plunging down to a gold bow at the waist.
Brad Pitt
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The "Once Upon a Time in Hollywood" star is a favorite for Best Supporting Actor this year. But he already won on the red carpet with this black velvet look.
Charlize Theron
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Charlize swept the floor with her style on the red carpet, rocking a black flowing gown with a show-stopping leg slit.
Tom Hanks and Rita Wilson
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The "A Beautiful Day in the Neighborhood" star and his wife are beaming as they make their way down the red carpet.
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