Date: May 5, 2012
Circuit: Estoril
Location: Portugal
| Pos. | Rider Name | Team | Time |
|---|---|---|---|
| 1 | Marc MARQUEZ | Monlau Competicion | 44'04.086 |
| 2 | Pol ESPARGARO | Pons Racing | +1.987 |
| 3 | Thomas LUTHI | Interwetten Moto2 | +2.071 |
| 4 | Johann ZARCO | JIR Moto2 | +9.227 |
| 5 | Andrea IANNONE | Speed Master | +10.481 |
| 6 | Alex DE ANGELIS | Forward Racing | +21.180 |
| 7 | Toni ELIAS | Mapfre Aspar Team Moto2 | +21.394 |
| 8 | Julian SIMON | BQR | +21.504 |
| 9 | Mika KALLIO | Marc VDS Racing Team | +21.581 |
| 10 | Bradley SMITH | Tech3 Racing | +24.100 |
| 11 | Scott REDDING | Marc VDS Racing Team | +27.248 |
| 12 | Dominique AEGERTER | Technomag CIP | +30.087 |
| 13 | Xavier SIMEON | Tech3 Racing | +30.132 |
| 14 | Claudio CORTI | Italtrans Racing Team | +30.257 |
| 15 | Ricky CARDUS | QMMF Racing Team | +30.879 |
| 16 | Nicolas TEROL | Mapfre Aspar Team Moto2 | +31.097 |
| 17 | Anthony WEST | QMMF Racing Team | +43.099 |
| 18 | Takaaki NAKAGAMI | Italtrans Racing Team | +47.282 |
| 19 | Randy KRUMMENACHER | GP Team Switzerland | +47.399 |
| 20 | Max NEUKIRCHNER | Kiefer Racing | +48.143 |
| 21 | Roberto ROLFO | Technomag CIP | +53.563 |
| 22 | Angel RODRIGUEZ | +54.530 | |
| 23 | Ratthapark WILAIROT | Gresini Racing Moto2 | +55.666 |
| 24 | Esteve RABAT | Pons Racing | +1'24.889 |
| 25 | Alexander LUNDH | MZ Racing Team | +1'32.467 |
