The men's parallel bars competition at the 2016 Summer Olympics was held at the HSBC Arena on 16 August. There were 67 competitors from 33 nations. The event was won by Oleg Verniaiev of Ukraine, the nation's first victory in the parallel bars since 2004 and third overall. Danell Leyva won the United States' first medal in the event since 1996 with his silver; David Belyavskiy's bronze was Russia's first medal in the parallel bars since 2000. China's four-Games podium streak in the event ended.

Oleg Yuriyovych Verniaiev is a Ukrainian artistic gymnast. He is the 2016 Olympic parallel bars champion and individual all-around silver medalist. Verniaiev is also the 2014 World parallel bars champion, the 2015 European individual all-around champion and the 2017 European individual all-around champion.