In February, Fernández competed in the men's singles event at the 2014 Winter Olympics in Sochi, Russia. He was the flag bearer for Spain during the opening ceremony. Earning 86.98 points in the short program, he placed third behind Yuzuru Hanyu and Patrick Chan, having stepped out of his quad Salchow and triple Lutz-triple toe loop combination. In the free skate, he landed a quad toe loop and a quad Salchow – the latter in combination – but tripled a second quad Salchow attempt. He went on to complete another triple Salchow as the last jump of his skate, which – having been repeated in the program – was rated as an invalid element, and received no points. He placed fifth in the free skate segment with 166.94 points, ultimately coming in fourth, 1.18 points behind Olympic bronze medalist Denis Ten of Kazakhstan.