If you run out of time, any question you haven't answered automatically results in a three percentile point reduction (per question) for that section. So you'll get a score but it may be a very poor score, depending upon how many questions you didn't answer.
The penalty for getting a question wrong is not as high as the one for leaving a question blank - so NEVER leave anything blank. If you have to, pick random answers for any remaining questions. (Note: the penalty can still be pretty severe for a string of wrong answers in a row - if you get 5 or more wrong in a row, the per-question penalty averages about 2 to 2.5 percentile points per question. So this is a better scenario than leaving things blank, but still not a good scenario!)
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On a related note, someone asked what happens if you don't click "submit" on your essays before time runs out. In that case, the grader will see whatever you had on the screen when time ran out. You don't lose the whole thing and get a 0 just because you didn't click "submit".
Jim S. | GMAT Instructor | Veritas Prep












