Cruz, 36, and Bardem, 41, nominated as Best Actor for his role in Biutiful, wowed the fans lining the red carpet on their way into the Kodak Theatre.
Cruz, who just gave birth to a baby boy in January, revealed her rocking post-baby body, cloaking herself in a shiny, full-length red dress by L'Wren Scott that showed a trim tummy and accented ample cleavage. As she smiled shyly as cameras flashed around them, Bardem kept a firm hold of her hand.
The pair quietly married last July and make a point of keeping their relationship as private as possible. Except, it seems, at the year's biggest awards show.
For the list of winners, click here.
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