Damon Hill won the Portuguese Grand Prix 1994 at Autódromo do Estoril on 25 September 1994, starting from P2 on the grid. David Coulthard finished second for Williams, with Mika Häkkinen completing the podium for McLaren.
| Pos | Driver | Team | Q1 | Q2 | Q3 |
|---|---|---|---|---|---|
| 1 | Gerhard Berger | Ferrari | 1:20.608 | - | - |
| 2 | Damon Hill | Williams | 1:20.766 | - | - |
| 3 | David Coulthard | Williams | 1:21.033 | - | - |
| 4 | Mika Häkkinen | McLaren | 1:21.251 | - | - |
| 5 | Jean Alesi | Ferrari | 1:21.517 | - | - |
| 6 | Ukyo Katayama | Tyrrell | 1:21.590 | - | - |
| 7 | Martin Brundle | McLaren | 1:21.656 | - | - |
| 8 | Rubens Barrichello | Jordan | 1:21.796 | - | - |
| 9 | Heinz-Harald Frentzen | Sauber | 1:21.921 | - | - |
| 10 | Jos Verstappen | Benetton | 1:22.000 | - | - |
| 11 | Christian Fittipaldi | Footwork | 1:22.132 | - | - |
| 12 | Mark Blundell | Tyrrell | 1:22.288 | - | - |
| 13 | Eddie Irvine | Jordan | 1:22.294 | - | - |
| 14 | Jyrki Järvilehto | Benetton | 1:22.369 | - | - |
| 15 | Olivier Panis | Ligier | 1:22.672 | - | - |
| 16 | Gianni Morbidelli | Footwork | 1:22.756 | - | - |
| 17 | Andrea de Cesaris | Sauber | 1:22.885 | - | - |
| 18 | Pierluigi Martini | Minardi | 1:23.243 | - | - |
| 19 | Michele Alboreto | Minardi | 1:23.364 | - | - |
| 20 | Johnny Herbert | Team Lotus | 1:23.408 | - | - |
| 21 | Éric Bernard | Ligier | 1:23.699 | - | - |
| 22 | Érik Comas | Larrousse | 1:24.192 | - | - |
| 23 | Yannick Dalmas | Larrousse | 1:24.438 | - | - |
| 24 | David Brabham | Simtek | 1:24.514 | - | - |
| 25 | Philippe Adams | Team Lotus | 1:25.313 | - | - |
| 26 | Jean-Marc Gounon | Simtek | 1:25.649 | - | - |