Penélope Cruz & Javier Bardem Hit First Red Carpet Since Baby

02/27/2011 at 08:15 PM EST

Oscar Red Carpet 2011 - Javier Bardem and Penelope Cruz
Javier Bardem and Penélope Cruz
Steve Granitz/WireImage
Penélope Cruz and husband Javier Bardem are brand-new parents by day, and now they're officially a glamorous Hollywood couple by night as they walked their first red carpet – ever – as mom and dad, at the Oscars Sunday night.

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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