diff --git a/.changeset/tidy-ravens-assign.md b/.changeset/tidy-ravens-assign.md
new file mode 100644
index 0000000000..312adde9b5
--- /dev/null
+++ b/.changeset/tidy-ravens-assign.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+fix: preserve short-circuiting for logical assignments to private state fields
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/AssignmentExpression.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/AssignmentExpression.js
index e66e3408e2..7ab148f0a3 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/AssignmentExpression.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/AssignmentExpression.js
@@ -1,4 +1,4 @@
-/** @import { AssignmentExpression, AssignmentOperator, Expression, Identifier, Pattern } from 'estree' */
+/** @import { AssignmentExpression, AssignmentOperator, Expression, Identifier, LogicalOperator, Pattern } from 'estree' */
 /** @import { AST } from '#compiler' */
 /** @import { Context } from '../types.js' */
 import * as b from '#compiler/builders';
@@ -79,8 +79,13 @@ function build_assignment(operator, left, right, context) {
 
 			// special case — assignment to private state field
 			if (left.property.type === 'PrivateIdentifier') {
+				const logical_operator = ['||=', '&&=', '??='].includes(operator)
+					? /** @type {LogicalOperator} */ (operator.slice(0, -1))
+					: null;
 				let value = /** @type {Expression} */ (
-					context.visit(build_assignment_value(operator, left, right))
+					context.visit(
+						logical_operator === null ? build_assignment_value(operator, left, right) : right
+					)
 				);
 
 				const needs_proxy =
@@ -88,7 +93,15 @@ function build_assignment(operator, left, right, context) {
 					is_non_coercive_operator(operator) &&
 					should_proxy(value, context.state.scope);
 
-				return b.call('$.set', left, value, needs_proxy && b.true);
+				const assignment = b.call('$.set', left, value, needs_proxy && b.true);
+
+				return logical_operator === null
+					? assignment
+					: b.logical(
+							logical_operator,
+							/** @type {Expression} */ (context.visit(left)),
+							assignment
+						);
 			}
 		}
 	}
diff --git a/packages/svelte/tests/runtime-runes/samples/class-private-fields-logical-assignment/_config.js b/packages/svelte/tests/runtime-runes/samples/class-private-fields-logical-assignment/_config.js
new file mode 100644
index 0000000000..d919c18396
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/class-private-fields-logical-assignment/_config.js
@@ -0,0 +1,5 @@
+import { test } from '../../test';
+
+export default test({
+	html: `<p>truthy||value</p>`
+});
diff --git a/packages/svelte/tests/runtime-runes/samples/class-private-fields-logical-assignment/main.svelte b/packages/svelte/tests/runtime-runes/samples/class-private-fields-logical-assignment/main.svelte
new file mode 100644
index 0000000000..cc74150b35
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/class-private-fields-logical-assignment/main.svelte
@@ -0,0 +1,24 @@
+<script>
+	class Values {
+		#or = $state.raw('truthy');
+		#and = $state.raw('');
+		#nullish = $state.raw('value');
+
+		get or() {
+			return (this.#or ||= 'assigned');
+		}
+
+		get and() {
+			return (this.#and &&= 'assigned');
+		}
+
+		get nullish() {
+			return (this.#nullish ??= 'assigned');
+		}
+	}
+
+	const values = new Values();
+	const result = $derived([values.or, values.and, values.nullish]);
+</script>
+
+<p>{result.join('|')}</p>