Mika Häkkinen won the Austrian Grand Prix 1998 at Red Bull Ring on 26 July 1998, starting from P3 on the grid. David Coulthard finished second for McLaren, with Michael Schumacher completing the podium for Ferrari.
| Pos | Grid | Driver | Team | Laps | Time / Status | Pts | FL |
|---|---|---|---|---|---|---|---|
| 1 | 3 | Mika HäkkinenHKK | McLaren | 71 | 1:30:44.0 | 10 | |
| 2 | 14 | David CoulthardCOU | McLaren | 71 | +5.289 | 6 | |
| 3 | 4 | Michael SchumacherMSC | Ferrari | 71 | +39.092 | 4 | |
| 4 | 8 | Eddie IrvineIRV | Ferrari | 71 | +43.976 | 3 | |
| 5 | 9 | Ralf SchumacherSCH | Jordan | 71 | +50.654 | 2 | |
| 6 | 11 | Jacques VilleneuveVIL | Williams | 71 | +53.202 | 1 | |
| 7 | 15 | Damon HillHIL | Jordan | 71 | +1:13.624 | 0 | |
| 8 | 18 | Johnny HerbertHER | Sauber | 70 | +1 Lap | 0 | |
| 9 | 17 | Alexander WurzWUR | Benetton | 70 | +1 Lap | 0 | |
| 10 | 16 | Jarno TrulliTRU | Prost | 70 | +1 Lap | 0 | |
| 11 | 21 | Shinji NakanoNAK | Minardi | 70 | +1 Lap | 0 | |
| 12 | 22 | Ricardo RossetROS | Tyrrell | 69 | +2 Laps | 0 | |
| R | 12 | Jos VerstappenVER | Stewart | 51 | Engine | 0 | |
| R | 19 | Esteban TueroTUE | Minardi | 30 | Spun off | 0 | |
| R | 1 | Giancarlo FisichellaFIS | Benetton | 21 | Collision | 0 | |
| R | 2 | Jean AlesiALE | Sauber | 21 | Collision | 0 | |
| R | 7 | Heinz-Harald FrentzenFRE | Williams | 16 | Engine | 0 | |
| R | 5 | Rubens BarrichelloBAR | Stewart | 8 | Brakes | 0 | |
| R | 13 | Pedro DinizDIN | Arrows | 3 | Collision | 0 | |
| R | 6 | Mika SaloSAL | Arrows | 1 | Collision | 0 | |
| R | 10 | Olivier PanisPAN | Prost | 0 | Clutch | 0 | |
| R | 20 | Toranosuke TakagiTAK | Tyrrell | 0 | Collision | 0 |
| Pos | Driver | Team | Q1 | Q2 | Q3 |
|---|---|---|---|---|---|
| 1 | Giancarlo Fisichella | Benetton | 1:29.598 | - | - |
| 2 | Jean Alesi | Sauber | 1:30.317 | - | - |
| 3 | Mika Häkkinen | McLaren | 1:30.517 | - | - |
| 4 | Michael Schumacher | Ferrari | 1:30.551 | - | - |
| 5 | Rubens Barrichello | Stewart | 1:31.005 | - | - |
| 6 | Mika Salo | Arrows | 1:31.028 | - | - |
| 7 | Heinz-Harald Frentzen | Williams | 1:31.515 | - | - |
| 8 | Eddie Irvine | Ferrari | 1:31.651 | - | - |
| 9 | Ralf Schumacher | Jordan | 1:31.917 | - | - |
| 10 | Olivier Panis | Prost | 1:32.081 | - | - |
| 11 | Jacques Villeneuve | Williams | 1:32.083 | - | - |
| 12 | Jos Verstappen | Stewart | 1:32.099 | - | - |
| 13 | Pedro Diniz | Arrows | 1:32.206 | - | - |
| 14 | David Coulthard | McLaren | 1:32.399 | - | - |
| 15 | Damon Hill | Jordan | 1:32.718 | - | - |
| 16 | Jarno Trulli | Prost | 1:32.906 | - | - |
| 17 | Alexander Wurz | Benetton | 1:33.185 | - | - |
| 18 | Johnny Herbert | Sauber | 1:33.205 | - | - |
| 19 | Esteban Tuero | Minardi | 1:33.399 | - | - |
| 20 | Toranosuke Takagi | Tyrrell | 1:34.090 | - | - |
| 21 | Shinji Nakano | Minardi | 1:34.536 | - | - |
| 22 | Ricardo Rosset | Tyrrell | 1:34.910 | - | - |