| series | Champcar current |
| race | Phoenix |
| year | 1994 |
| team | car | entry | driver | start | finish | chassis | engine | laps led | * | |
| Penske | 2 | Marlboro | Emerson Fittipaldi | | 6 | 1 | Penske PC-23/94 | Ilmor V8/D | 124 | |
| Penske | 31 | Marlboro | Al Unser Jr. | | 9 | 2 | Penske PC-23/94 | Ilmor V8/D | 5 | |
| Newman-Haas | 1 | Kmart/Texaco/Havoline | Nigel Mansell | | 3 | 3 | Lola T9400 | Ford XB | 19 | |
| Bettenhausen | 16 | Alumax Aluminium | Stefan Johansson | | 15 | 4 | Penske PC-22/93 | Ilmor V8/D | ||
| Hayhoe | 18 | Conseco/STP | Jimmy Vasser | | 11 | 5 | Reynard 94i | Ford XB | ||
| Rahal/Hogan | 10 | Motorola | Mike Groff | | 20 | 6 | Lola T9400 | Honda HRX | ||
| Walker | 9 | Valvoline/Cummins | Robby Gordon | | 7 | 7 | Lola T9400 | Ford XB | 9 | |
| Dick Simon | 5 | Duracell | Raul Boesel | | 5 | 8 | Lola T9400 | Ford XB | ||
| PacWest | 71 | PacWest | Scott Sharp | | 13 | 9 | Lola T9400 | Ford XB | ||
| Galles | 7 | Tecate/Quaker State | Adrian Fernandez | | 16 | 10 | Reynard 94i | Ilmor V8/D | ||
| King Racing | 40 | Budweiser | Scott Goodyear | | 10 | 11 | Lola T9400 | Ford XB | ||
| AJ Foyt | 14 | Copenhagen | Davy Jones | | 17 | 12 | Lola T9306 | Ford XB | ||
| Leader Card | 23 | Financial World Magazine | Buddy Lazier | | 25 | 13 | Lola T9307 | Ilmor V8/C+ | ||
| Rahal/Hogan | 4 | Miller Genuine Draft | Bobby Rahal | | 22 | 14 | Lola T9400 | Honda HRX | ||
| Ganassi | 88 | Hollywood | Mauricio Gugelmin | | 28 | 15 | Reynard 94i | Ford XB | ||
| Arciero | 25 | Int. Sports Ltd/Arciero-Simon | Marco Greco | | 18 | 16 | Lola T9400 | Ford XB | ||
| Euromotorsport | 55 | Agip/Gilette | Jeff Andretti | | 27 | 17 | Lola T9307 | Ilmor V8/C+ | ||
| ProFormance | 45 | Team Losi | John Paul Jr. | | 23 | 18 | Lola T9307 | Ilmor V8/C+ | ||
| Dale Coyne | 19 | Mi-Jack | Brian Till | | 26 | 19 | Lola T9306 | Ford XB | ||
| Ganassi | 8 | Target/Scotch Video | Michael Andretti | | 12 | 20 | Reynard 94i [002] | Ford XB | ||
| Newman-Haas | 6 | Kmart/Texaco/Havoline | Mario Andretti | | 4 | 21 | Lola T9400 [HU20] | Ford XB | ||
| Indy Regency | 28 | Eurosport/Boost Monaco | Arie Luyendyk | | 19 | 22 | Lola T9400 | Ilmor V8/D | ||
| Penske | 3 | Marlboro | Paul Tracy | | 1 | 23 | Penske PC-23/94 [005] | Ilmor V8/D | 43 | |
| PacWest | 17 | Rain-X | Dominic Dobson | | 14 | 24 | Lola T9400 | Ford XB | ||
| Forsythe-Green | 12 | Player's Ltd. | Jacques Villeneuve | | 2 | 25 | Reynard 94i | Ford XB | ||
| Hall Racing | 11 | Pennzoil | Teo Fabi | | 8 | 26 | Reynard 94i | Ilmor V8/D | ||
| Dick Simon | 22 | Panasonic/Duskin | Hiro Matsushita | | 21 | 27 | Lola T9400 | Ford XB | ||
| Walker | 24 | Service Merchandise | Willy T Ribbs | | 24 | 28 | Lola T9306 | Ford XB | ||
| Dale Coyne | 39 | Dale Coyne Racing | Johnny Unser | | DNS | Lola T9200 | Ilmor V8/A | |||
| Euromotorsport | 50 | Agip/Dinema/Heroflon | David Kudrave | | DNS | Lola T9200 [HU02] | Ilmor V8/A | |||
| Walker | 15 | Craftsman Tools | Mark Smith | | DNS | Lola T9400 | Ford XB |
