The Dane alone scored more points than the Haas in the entirety of the 2021 and 2022 seasons within the first four races.
While Magnussen has three top-10 finishes and points from finishing in the top eight in the Sprint, teammate Schumacher has yet to make an impression this season.
Magnussen would be making a surprise return to the Haas team to replace the recently ousted Nikita Mazepin less than two weeks before the start of the 2022 season.
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.
The Danish driver gave Haas an incredible finish in the Bahrain Grand Prix on Monday, qualifying in seventh place and finishing P5.
He has raced for Haas before in the last two races of the 2020 season, which saw Roman Grosjean miraculously survive a fireball crash.
In an earlier statement, the FIA had said that Russian and Belarusian drivers would be allowed to compete under a neutral flag.
Nikita Mazepin was unable to score a point in 2021, as was Mick Schumacher in the underdeveloped Haas VF-21.
F1 had agreed in principle with the teams to double the number of sprint races to six in 2022 after holding three trial events last year.