Sebastian Vettel (Red Bull) signe la position de tête du Grand Prix de Hongrie. Derrière lui on retrouve les 2 McLaren, Lewis Hamilton ayant eu le meilleur sur Jenson Button. Fernando Alonso (Ferrari) est 5e et Mark Webber (Red Bull) est 6e.
| 1 | 1 | Sebastian Vettel | RBR-Renault | 1:21.740 | 1:21.095 | 1:19.815 | 14 |
| 2 | 3 | Lewis Hamilton | McLaren-Mercedes | 1:21.636 | 1:21.105 | 1:19.978 | 12 |
| 3 | 4 | Jenson Button | McLaren-Mercedes | 1:22.038 | 1:20.578 | 1:20.024 | 15 |
| 4 | 6 | Felipe Massa | Ferrari | 1:22.130 | 1:21.099 | 1:20.350 | 15 |
| 5 | 5 | Fernando Alonso | Ferrari | 1:21.578 | 1:20.262 | 1:20.365 | 15 |
| 6 | 2 | Mark Webber | RBR-Renault | 1:22.208 | 1:20.890 | 1:20.474 | 16 |
| 7 | 8 | Nico Rosberg | Mercedes | 1:22.996 | 1:21.243 | 1:21.098 | 12 |
| 8 | 14 | Adrian Sutil | Force India-Mercedes | 1:22.237 | 1:22.000 | 1:21.445 | 19 |
| 9 | 7 | Michael Schumacher | Mercedes | 1:22.876 | 1:21.852 | 1:21.907 | 17 |
| 10 | 17 | Sergio Perez | Sauber-Ferrari | 1:23.067 | 1:22.157 | No time | 16 |
| 11 | 15 | Paul di Resta | Force India-Mercedes | 1:22.976 | 1:22.256 | 13 | |
| 12 | 10 | Vitaly Petrov | Renault | 1:23.070 | 1:22.284 | 14 | |
| 13 | 16 | Kamui Kobayashi | Sauber-Ferrari | 1:23.278 | 1:22.435 | 16 | |
| 14 | 9 | Nick Heidfeld | Renault | 1:23.024 | 1:22.470 | 14 | |
| 15 | 11 | Rubens Barrichello | Williams-Cosworth | 1:23.075 | 1:22.684 | 16 | |
| 16 | 19 | Jaime Alguersuari | STR-Ferrari | 1:23.285 | 1:22.979 | 10 | |
| 17 | 12 | Pastor Maldonado | Williams-Cosworth | 1:23.847 | No time | 9 | |
| 18 | 18 | Sebastien Buemi | STR-Ferrari | 1:24.070 | 9 | ||
| 19 | 20 | Heikki Kovalainen | Lotus-Renault | 1:24.362 | 8 | ||
| 20 | 21 | Jarno Trulli | Lotus-Renault | 1:24.534 | 7 | ||
| 21 | 24 | Timo Glock | Virgin-Cosworth | 1:26.294 | 10 | ||
| 22 | 23 | Vitantonio Liuzzi | HRT-Cosworth | 1:26.323 | 11 | ||
| 23 | 22 | Daniel Ricciardo | HRT-Cosworth | 1:26.479 | 11 | ||
| 24 | 25 | Jerome d’Ambrosio | Virgin-Cosworth | 1:26.510 | 8 | ||
| Q1 107% Time | 1:27.288 |