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Hamilton ended the concluding track action of the day 0.688 seconds down on pace-setter Max Verstappen, with Valtteri Bottas next in the order.
Ricciardo was taken to the medical centre after he lost control of his Renault through the right-handed ninth corner.
The Australian’s car snapped away from him and he was left as a passenger as he went sliding backwards into the wall.
Ricciardo sustained significant damage to his Renault in the accident. He remained in his cockpit for several moments before emerging with a limp, but he was later given the all clear.
Formula One is racing at Austria’s Red Bull Ring for a second consecutive week following last Sunday’s season opener.
Mercedes dominated the first race of the campaign at the same venue – topping all three practice sessions and qualifying before Bottas took the chequered flag.
But the all-black cars were knocked off the summit here, first by Sergio Perez in Friday morning’s first running, and then Verstappen later in the day.
Qualifying Links ➠ Stream 1HD╎Stream 2 Stream 3
While Bottas finished just 0.043 sec behind Verstappen, Hamilton struggled with the handling of his Mercedes in the soaring temperatures, ending the day more than half a second adrift.
After his impressive first showing, Perez finished third in his Racing Point – a car modelled on last year’s world championship-winning Mercedes.
Not sure how much we learned from that other than Racing Point are looking pretty handy and a few other drivers (Hamilton, Albon, Vettel, Ricciardo) all seemed to struggle. The forecast is vastly different for qualifying tomorrow (i.e. very wet), so that will mix things up.