diff --git a/.changeset/tidy-buses-whisper.md b/.changeset/tidy-buses-whisper.md
new file mode 100644
index 0000000000..eaf2950165
--- /dev/null
+++ b/.changeset/tidy-buses-whisper.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+fix: transform `{@render ...}` expression
diff --git a/packages/svelte/src/compiler/phases/3-transform/server/transform-server.js b/packages/svelte/src/compiler/phases/3-transform/server/transform-server.js
index e5fcdd415d..f00091a20b 100644
--- a/packages/svelte/src/compiler/phases/3-transform/server/transform-server.js
+++ b/packages/svelte/src/compiler/phases/3-transform/server/transform-server.js
@@ -1120,9 +1120,10 @@ const template_visitors = {
 		state.init.push(anchor);
 		state.template.push(t_expression(anchor_id));
 
+		const expression = /** @type {import('estree').Expression} */ (context.visit(node.expression));
 		const snippet_function = state.options.dev
-			? b.call('$.validate_snippet', node.expression)
-			: node.expression;
+			? b.call('$.validate_snippet', expression)
+			: expression;
 		if (node.argument) {
 			state.template.push(
 				t_statement(
diff --git a/packages/svelte/tests/runtime-runes/samples/snippet-store/_config.js b/packages/svelte/tests/runtime-runes/samples/snippet-store/_config.js
new file mode 100644
index 0000000000..33e7def9f1
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/snippet-store/_config.js
@@ -0,0 +1,5 @@
+import { test } from '../../test';
+
+export default test({
+	html: `<p>hello world</p>`
+});
diff --git a/packages/svelte/tests/runtime-runes/samples/snippet-store/main.svelte b/packages/svelte/tests/runtime-runes/samples/snippet-store/main.svelte
new file mode 100644
index 0000000000..bf84fc2f67
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/snippet-store/main.svelte
@@ -0,0 +1,11 @@
+<script>
+	import { writable } from 'svelte/store';
+
+	let snippet = writable(hello);
+</script>
+
+{#snippet hello()}
+	<p>hello world</p>
+{/snippet}
+
+{@render $snippet()}