Schumacher's first season in Formula One was in 2021, and he spent the majority of the season at the back of the grid.
During the final minutes of Q2, the German driver was in a good position to make it into the final part of qualifying when he lost control.
Magnussen's Jeddah weekend got off to a shaky start, as he finished both Friday practise sessions in P20 due to a series of reliability issues.
After losing the back end of his Haas VF-22 after riding over the kerbs in Q2, Mick Schumacher spun heavily into the wall.
The Danish driver gave Haas an incredible finish in the Bahrain Grand Prix on Monday, qualifying in seventh place and finishing P5.
The Dane only got the call to drive in F1 this season a few weeks ago, after Haas cancelled Nikita Mazepin's contract.
Verstappen was only 0.123s ahead of Sainz, who couldn't improve on his first run and finished third by 0.129s.
The first race of the season might very well see some newer faces on the podium, but the usual suspects should never be counted out.
On Wednesday, the day before racing at the Bahrain International Circuit began, the McLaren driver felt ill and initially returned negative tests.
Sainz had led until Magnussen's late 1:33.207s flier, as Ferrari continued to live up to their rivals' claims of being strongest.