The first qualifying session had four red flags, one due to heavy rainfall, and the other three due to accidents from Marcus Ericsson, Felipe Massa and Rio Haryanto. Throughout the first two qualifying sessions, due to the mixed weather conditions, the results had drivers such as Felipe Nasr being temporarily in the top ten before he fell down to sixteenth in Q2 as the track was drying since the final minutes of Q1. The final qualifying session started with Lewis Hamilton fastest at the time, but as the session ended, Nico Rosberg snatched pole position, while Hamilton was unable to improve due to having slow down under yellow flags. However, in the race, Hamilton took the lead at the first corner, and went on to take victory and the championship lead, while Rosberg and Daniel Ricciardo completed the podium.
Medium, soft and supersoft tyres are to be used for the Grand Prix, marking the first time the supersoft tyres are used at the Hungaroring. Ferrari chose nine sets of supersofts, while other teams chose either seven or eight. Sergio Pérez, Nico Hülkenberg and Esteban Gutiérrez were the only drivers to choose two sets of medium tyres, as the rest of the drivers chose only one set.
Meanwhile, Sauber announced that their financial problems were being solved by Longbow Finance S.A. buying the team. Ironically, the team did not change their name or flag, and kept Monisha Kaltenborn as their team principal, although Longbow Finance S.A.'s President and CEO Pascal Picci replaced Sauber's founder Peter Sauber to be Chairman, while Peter himself announced he was retiring.
* Ricciardo, Verstappen, Hülkenberg, Bottas and Pérez were unable to set a time faster than the 107% requirement in Q1, though they were not in the knockout zone. However, they were permitted to keep their positions and compete in Q2.
† Palmer, Massa, Magnussen, Ericsson, Wehrlein and Haryanto all did not go faster than 107% of Rosberg's fastest lap in Q1, but were allowed to take part in the race in the order of their fastest times in FP3.
‡ Ericsson had to start from the pit lane due to his car's survival cell being changed.
§ Haryanto was given a five-place grid penalty for an unscheduled gearbox change.