Michael Schumacher won the Hungarian Grand Prix 1998 at Hungaroring on 16 August 1998, starting from P3 on the grid. David Coulthard finished second for McLaren, with Jacques Villeneuve completing the podium for Williams.
| Pos | Grid | Driver | Team | Laps | Time / Status | Pts | FL |
|---|---|---|---|---|---|---|---|
| 1 | 3 | Michael SchumacherMSC | Ferrari | 77 | 1:45:26.4 | 10 | |
| 2 | 2 | David CoulthardCOU | McLaren | 77 | +9.433 | 6 | |
| 3 | 6 | Jacques VilleneuveVIL | Williams | 77 | +44.444 | 4 | |
| 4 | 4 | Damon HillHIL | Jordan | 77 | +55.076 | 3 | |
| 5 | 7 | Heinz-Harald FrentzenFRE | Williams | 77 | +56.51 | 2 | |
| 6 | 1 | Mika HäkkinenHKK | McLaren | 76 | +1 Lap | 1 | |
| 7 | 11 | Jean AlesiALE | Sauber | 76 | +1 Lap | 0 | |
| 8 | 8 | Giancarlo FisichellaFIS | Benetton | 76 | +1 Lap | 0 | |
| 9 | 10 | Ralf SchumacherSCH | Jordan | 76 | +1 Lap | 0 | |
| 10 | 15 | Johnny HerbertHER | Sauber | 76 | +1 Lap | 0 | |
| 11 | 12 | Pedro DinizDIN | Arrows | 74 | +3 Laps | 0 | |
| 12 | 20 | Olivier PanisPAN | Prost | 74 | +3 Laps | 0 | |
| 13 | 17 | Jos VerstappenVER | Stewart | 74 | +3 Laps | 0 | |
| 14 | 18 | Toranosuke TakagiTAK | Tyrrell | 74 | +3 Laps | 0 | |
| 15 | 19 | Shinji NakanoNAK | Minardi | 74 | +3 Laps | 0 | |
| R | 9 | Alexander WurzWUR | Benetton | 69 | Gearbox | 0 | |
| R | 14 | Rubens BarrichelloBAR | Stewart | 54 | Gearbox | 0 | |
| R | 16 | Jarno TrulliTRU | Prost | 28 | Engine | 0 | |
| R | 13 | Mika SaloSAL | Arrows | 18 | Gearbox | 0 | |
| R | 5 | Eddie IrvineIRV | Ferrari | 13 | Gearbox | 0 | |
| R | 21 | Esteban TueroTUE | Minardi | 13 | Engine | 0 |