Fomalhaut is the brightest star in the southern constellation of Piscis Austrinus, the Southern Fish, and one of the brightest stars in the night sky. It has the Bayer designation Alpha Piscis Austrini, which is an alternative form of α Piscis Austrini, and is abbreviated Alpha PsA or α PsA. This is a class A star on the main sequence approximately 25 light-years (7.7 pc) from the Sun as measured by the Hipparcos astrometry satellite. Since 1943, the spectrum of this star has served as one of the stable anchor points by which other stars are classified.

Piscis Austrinus is a constellation in the southern celestial hemisphere. The name is Latin for "the southern fish", in contrast with the larger constellation Pisces, which represents a pair of fish. Before the 20th century, it was also known as Piscis Notius. Piscis Austrinus was one of the 48 constellations listed by the 2nd-century astronomer Ptolemy, and it remains one of the 88 modern constellations. The stars of the modern constellation Grus once formed the "tail" of Piscis Austrinus. In 1597, Petrus Plancius carved out a separate constellation and named it after the crane.