Penelope Cruz made her first post-baby red carpet appearance at tonight's Oscars just weeks after delivering her first child.

Clad in a sparkling red L'Wren Scott dress, Cruz stunned onlookers as she graced the red carpet on the arm of her husband, Javier Bardem, who is nominated for best actor for 'Biutiful.'

The 'Pirates of the Caribbean 4' actress is no stranger to the Oscars spotlight after winning an Academy Award for best supporting actress in 2008 for her role opposite Bardem in 'Vicky Cristina Barcelona.'

See Penelope Cruz's incredible post-baby body after the jump!