The non-equilibrium solidification of undercooled Inconel 718 melts has been studied in situ on electromagnetically levitated samples by using high-speed video recording and optical pyrometry. Microstructure and phase constitution of solidified samples were analysed by scanning electron microscopy, energy-dispersive X-ray spectroscopy, electron backscatter diffraction and high-energy X-ray diffraction. Due to containerless sample processing experimental data on phase formation, γ-dendrite growth, and microstructural evolution in Inconel 718 were obtained over a wide range of undercooling ΔT between 20 and 289 K. It has been found that the dendrite growth velocity, extracted from high-speed video records, rises exponentially with increasing undercooling at first. At an undercooling of about 150 K, growth slows down drastically. Furthermore, morphology and size of γ-matrix grains essentially depend on ΔT. They alter from coarse equiaxed to coarse columnar at an undercooling of about 60 K, get refined and equiaxed at undercoolings above 150 K, and become larger and elongated again upon reaching an undercooling of about 250 K. The deviation from equilibrium and trapping of solute atoms in γ-dendrites result in a notable reduction of NbC and Laves fraction, the latter apparently disappearing at ΔT larger than 150 K.