In a Monster Energy sponsored meet-up, Schumacher rode alongside motorcycle legends John McGuimness, Randy Mamola and rising Moto2 star Pol Espargaro.
"Coming here today I felt so proud to be able to turn my hand at riding a bike with guys I really admire," said Schumacher.
"I can’t begin to explain how much fun it was to ride the track with the likes of John, Randy, Keith [Flint] and watching Pol Espargaro’s huge talent."
Schumacher turned to motorcycle racing during his initial F1 retirement although an accident forced him to abandon plans to replace Felipe Massa in 2009 due to a neck injury.
McGuinness also expressed his surprise at Schumacher's speed on a bike.
"I wasn’t expecting him to be anything less, but he’s fast! You can see his enthusiasm for motorcycles and it was a massive pleasure to spend the day with him", said McGuinness, who has claimed 19 wins at the Isle of Man TT.