Race Result
| GP n. 626 - 16/08/1998 - Grand Prix of Hungary Hungaroring |
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| Winner: | Michael Schumacher / Ferrari - 1:45'25.550 | ||||||
| Pole Position: | Mika Hakkinen / McLaren-Mercedes - 1:16.973 | ||||||
| Fastest Lap: | Michael Schumacher / Ferrari - 1:19.286 | ||||||
| Pos | Nš | Driver | Constructor | Laps | Time/Retired | Grid | Points |
| 1 | 3 |  Michael Schumacher |
Ferrari | 77 | 1:45'25.550 | 3 | 10 |
| 2 | 7 |  David Coulthard |
McLaren-Mercedes | 77 | +9.433 | 2 | 6 |
| 3 | 1 |  Jacques Villeneuve |
Williams-Mecachrome | 77 | +44.444 | 6 | 4 |
| 4 | 9 | Damon Hill |
Jordan-Mugen-Honda | 77 | +55.076 | 4 | 3 |
| 5 | 2 | Heinz-Harald Frentzen |
Williams-Mecachrome | 77 | +56.510 | 7 | 2 |
| 6 | 8 |  Mika Hakkinen |
McLaren-Mercedes | 76 | +1 lap | 1 | 1 |
| 7 | 14 |  Jean Alesi |
Sauber-Petronas | 76 | +1 lap | 11 | 0 |
| 8 | 5 |  Giancarlo Fisichella |
Benetton-Playlife | 76 | +1 lap | 8 | 0 |
| 9 | 10 | Ralf Schumacher |
Jordan-Mugen-Honda | 76 | +1 lap | 10 | 0 |
| 10 | 15 | Johnny Herbert |
Sauber-Petronas | 76 | +1 lap | 15 | 0 |
| 11 | 16 |  Pedro Diniz |
Arrows | 74 | +3 laps | 12 | 0 |
| 12 | 11 | Olivier Panis |
Prost-Peugeot | 74 | +3 laps | 20 | 0 |
| 13 | 19 |  Jos Verstappen |
Stewart-Ford | 74 | +3 laps | 17 | 0 |
| 14 | 21 |  Toranosuke Takagi |
Tyrrell-Ford | 74 | +3 laps | 18 | 0 |
| 15 | 22 | Shinji Nakano |
Minardi-Ford | 74 | +3 laps | 19 | 0 |
| Ret | 6 |  Alexander Wurz |
Benetton-Playlife | 69 | gearbox | 9 | 0 |
| Ret | 18 | Rubens Barrichello |
Stewart-Ford | 54 | gearbox | 14 | 0 |
| Ret | 12 | Jarno Trulli |
Prost-Peugeot | 28 | engine | 16 | 0 |
| Ret | 17 | Mika Salo |
Arrows | 18 | gearbox | 13 | 0 |
| Ret | 4 | Eddie Irvine |
Ferrari | 13 | gearbox | 5 | 0 |
| Ret | 23 |  Esteban Tuero |
Minardi-Ford | 13 | engine | 21 | 0 |
| Dnq | 20 | Ricardo Rosset |
Tyrrell-Ford | did not qualify | 0 | ||