| Overview | Grid | Race Entries |
| Race | Qualifying |
| Race Name: | III Magyar Nagydíj |
| Track: | Hungaroring |
| Round: | 9 of 16 |
| Race date: | Sunday, August 9th, 1987 |
| Race time: | 14.00 |
| 1st | 2nd | 3rd | |
| Driver | Nelson Piquet | Ayrton Senna | Alain Prost |
| Constructor | Williams-Honda | Lotus-Honda | McLaren-TAG |
| Car | Williams FW11B | Lotus 99T | McLaren MP4/3 |
| Engine | Honda RA167G | Honda RA167G | TAG P01 |
| Tyre | Goodyear | Goodyear | Goodyear |
| Time | 1:59:26.793 | 2:00:04.520 | 2:00:54.249 |
| Gap | 37.727 secs | 1m 27.456 secs |
| P | No. | Driver | Qual | Race | Total | |
| 1 | 5 | Nigel Mansell Williams-Honda | 1:28.047 0 | 1:30.298 70 | 1:28.047 70 | |
| 2 | 28 | Gerhard Berger Ferrari | 1:28.549 0 | 1:33.826 13 | 1:28.549 13 | |
| 3 | 6 | Nelson Piquet Williams-Honda | 1:29.724 0 | 1:30.149 76 | 1:29.724 76 | |
| 4 | 1 | Alain Prost McLaren-TAG | 1:30.156 0 | 1:31.602 76 | 1:30.156 76 | |
| 5 | 27 | Michele Alboreto Ferrari | 1:30.310 0 | 1:32.679 43 | 1:30.310 43 | |
| 6 | 12 | Ayrton Senna Lotus-Honda | 1:30.387 0 | 1:32.426 76 | 1:30.387 76 | |
| 7 | 20 | Thierry Boutsen Benetton-Ford Cosworth | 1:30.748 0 | 1:32.524 75 | 1:30.748 75 | |
| 8 | 2 | Stefan Johansson McLaren-TAG | 1:31.228 0 | 1:34.843 14 | 1:31.228 14 | |
| 9 | 17 | Derek Warwick Arrows-Megatron | 1:31.416 0 | 1:34.163 74 | 1:31.416 74 | |
| 10 | 7 | Riccardo Patrese Brabham-BMW | 1:31.586 0 | 1:34.387 75 | 1:31.586 75 | |
| 11 | 18 | Eddie Cheever Arrows-Megatron | 1:32.336 0 | 1:32.603 74 | 1:32.336 74 | |
| 12 | 19 | Teo Fabi Benetton-Ford Cosworth | 1:32.452 0 | 1:35.210 14 | 1:32.452 14 | |
| 13 | 8 | Andrea de Cesaris Brabham-BMW | 1:32.628 0 | 1:34.039 43 | 1:32.628 43 | |
| 14 | 4 | Philippe Streiff Tyrrell-Ford Cosworth | 1:33.644 0 | 1:35.069 74 | 1:33.644 74 | |
| 15 | 30 | Philippe Alliot Lola-Ford Cosworth | 1:33.777 0 | 1:35.210 48 | 1:33.777 48 | |
| 16 | 3 | Jonathan Palmer Tyrrell-Ford Cosworth | 1:33.895 0 | 1:34.824 74 | 1:33.895 74 | |
| 17 | 11 | Satoru Nakajima Lotus-Honda | 1:34.297 0 | 2:30.651 1 | 1:34.297 1 | |
| 18 | 16 | Ivan Capelli March-Ford Cosworth | 1:34.426 0 | 1:34.926 74 | 1:34.426 74 | |
| 19 | 25 | René Arnoux Ligier-Megatron | 1:34.518 0 | 1:37.169 57 | 1:34.518 57 | |
| 20 | 24 | Alessandro Nannini Minardi-Motori Moderni | 1:34.770 0 | 1:34.519 73 | 1:34.519 73 | |
| 21 | 21 | Alex Caffi Osella-Alfa Romeo | 1:35.594 0 | 1:37.046 64 | 1:35.594 64 | |
| 22 | 9 | Martin Brundle Zakspeed | 1:35.754 0 | 1:36.195 45 | 1:35.754 45 | |
| 23 | 10 | Christian Danner Zakspeed | 1:35.930 0 | 1:39.650 3 | 1:35.930 3 | |
| 24 | 14 | Pascal Fabre AGS-Ford Cosworth | 1:37.730 0 | 1:36.043 71 | 1:36.043 71 | |
| 25 | 26 | Piercarlo Ghinzani Ligier-Megatron | 1:36.109 0 | 1:36.045 73 | 1:36.045 73 | |
| 26 | 23 | Adrián Campos Minardi-Motori Moderni | 1:36.067 0 | 1:39.486 14 | 1:36.067 14 |