diff --git a/packages/svelte/src/compiler/index.js b/packages/svelte/src/compiler/index.js
index f1a15f2ebf..be1b17b1b1 100644
--- a/packages/svelte/src/compiler/index.js
+++ b/packages/svelte/src/compiler/index.js
@@ -30,7 +30,7 @@ export function compile(source, options) {
 
 	const {
 		customElement: customElementOptions,
-		customRenderer,
+		customRenderer: custom_renderer,
 		...parsed_options
 	} = parsed.options || {};
 
@@ -43,7 +43,7 @@ export function compile(source, options) {
 		runes: 'runes' in parsed_options ? () => parsed_options.runes : validated.runes,
 		experimental: {
 			...validated.experimental,
-			...(customRenderer !== undefined ? { customRenderer } : {})
+			...(custom_renderer !== undefined ? { customRenderer: () => custom_renderer } : {})
 		}
 	};
 
diff --git a/packages/svelte/src/compiler/phases/2-analyze/index.js b/packages/svelte/src/compiler/phases/2-analyze/index.js
index dec0081aa9..946ac578c5 100644
--- a/packages/svelte/src/compiler/phases/2-analyze/index.js
+++ b/packages/svelte/src/compiler/phases/2-analyze/index.js
@@ -467,6 +467,7 @@ export function analyze_component(root, source, options) {
 
 	const custom_element_from_option = options.customElement({ filename: options.filename });
 	const css = options.css({ filename: options.filename });
+	const custom_renderer = options.experimental.customRenderer({ filename: options.filename });
 	const custom_element = options.customElementOptions ?? custom_element_from_option;
 	const is_custom_element = !!options.customElementOptions || custom_element_from_option;
 
@@ -529,6 +530,7 @@ export function analyze_component(root, source, options) {
 		event_directive_node: null,
 		uses_event_attributes: false,
 		custom_element,
+		custom_renderer,
 		inject_styles: css === 'injected' || is_custom_element,
 		accessors:
 			is_custom_element ||
diff --git a/packages/svelte/src/compiler/phases/2-analyze/visitors/Attribute.js b/packages/svelte/src/compiler/phases/2-analyze/visitors/Attribute.js
index 320760235f..f9e3e18724 100644
--- a/packages/svelte/src/compiler/phases/2-analyze/visitors/Attribute.js
+++ b/packages/svelte/src/compiler/phases/2-analyze/visitors/Attribute.js
@@ -60,7 +60,7 @@ export function Attribute(node, context) {
 			}
 
 			// we can't delegate event handlers in a non dom environment
-			if (!context.state.options.experimental.customRenderer) {
+			if (!context.state.analysis.custom_renderer) {
 				node.metadata.delegated =
 					parent?.type === 'RegularElement' && can_delegate_event(node.name.slice(2));
 			}
diff --git a/packages/svelte/src/compiler/phases/2-analyze/visitors/RegularElement.js b/packages/svelte/src/compiler/phases/2-analyze/visitors/RegularElement.js
index e447507fbe..f32e249b4c 100644
--- a/packages/svelte/src/compiler/phases/2-analyze/visitors/RegularElement.js
+++ b/packages/svelte/src/compiler/phases/2-analyze/visitors/RegularElement.js
@@ -112,7 +112,7 @@ export function RegularElement(node, context) {
 	// We mark the subtree as dynamic so parent elements properly include the child init code
 	if (
 		(is_customizable_select_element(node) || node.name === 'selectedcontent') &&
-		!context.state.options.experimental.customRenderer
+		!context.state.analysis.custom_renderer
 	) {
 		// Mark the element's own fragment as dynamic so it's not treated as static
 		node.fragment.metadata.dynamic = true;
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/transform-client.js b/packages/svelte/src/compiler/phases/3-transform/client/transform-client.js
index fb467403be..115910b751 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/transform-client.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/transform-client.js
@@ -163,7 +163,7 @@ export function client_component(analysis, options) {
 		scopes: analysis.module.scopes,
 		is_instance: false,
 		hoisted: [
-			...custom_renderer_imports(options.experimental.customRenderer),
+			...custom_renderer_imports(analysis.custom_renderer),
 			...analysis.instance_body.hoisted
 		],
 		node: /** @type {any} */ (null), // populated by the root node
@@ -406,7 +406,7 @@ export function client_component(analysis, options) {
 		);
 	}
 
-	if (options.experimental.customRenderer) {
+	if (analysis.custom_renderer) {
 		component_block.body.unshift(
 			b.var('$$pop_renderer', b.call('$.push_renderer', b.id('$renderer')))
 		);
@@ -585,7 +585,7 @@ export function client_component(analysis, options) {
 
 	// disclose version attach the svelte version to `window` which is not guaranteed
 	// to be a thing in custom renderers environments
-	if (options.discloseVersion && !options.experimental.customRenderer) {
+	if (options.discloseVersion && !analysis.custom_renderer) {
 		body.unshift(b.imports([], 'svelte/internal/disclose-version'));
 	}
 
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/transform-template/index.js b/packages/svelte/src/compiler/phases/3-transform/client/transform-template/index.js
index cae9c94f4d..3dcc8c228a 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/transform-template/index.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/transform-template/index.js
@@ -36,7 +36,7 @@ function build_locations(nodes) {
  */
 export function transform_template(state, namespace, flags = 0) {
 	// custom renderers needs a tree to work because there's no template element we can use
-	const tree = state.options.fragments === 'tree' || !!state.options.experimental.customRenderer;
+	const tree = state.options.fragments === 'tree' || !!state.analysis.custom_renderer;
 
 	const expression = tree ? state.template.as_tree() : state.template.as_html();
 
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/RegularElement.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/RegularElement.js
index 76152b28ed..468eadca87 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/RegularElement.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/RegularElement.js
@@ -41,7 +41,7 @@ export function RegularElement(node, context) {
 	const is_html =
 		context.state.metadata.namespace === 'html' &&
 		node.name !== 'svg' &&
-		!context.state.options.experimental.customRenderer;
+		!context.state.analysis.custom_renderer;
 	const name = is_html ? node.name.toLowerCase() : node.name;
 	context.state.template.push_element(name, node.start, is_html);
 
@@ -51,8 +51,7 @@ export function RegularElement(node, context) {
 	}
 
 	// we never treat elements as custom element in custom renderers, since we don't want to apply special handling to them (e.g. class merging)
-	const is_custom_element =
-		is_custom_element_node(node) && !context.state.options.experimental.customRenderer;
+	const is_custom_element = is_custom_element_node(node) && !context.state.analysis.custom_renderer;
 
 	// cloneNode is faster, but it does not instantiate the underlying class of the
 	// custom element until the template is connected to the dom, which would
@@ -258,7 +257,7 @@ export function RegularElement(node, context) {
 				if (name !== 'class' || value) {
 					context.state.template.set_prop(attribute.name, value === true ? '' : value);
 				}
-			} else if (name === 'autofocus' && !context.state.options.experimental.customRenderer) {
+			} else if (name === 'autofocus' && !context.state.analysis.custom_renderer) {
 				let { value } = build_attribute_value(attribute.value, context);
 				context.state.init.push(b.stmt(b.call('$.autofocus', node_id, value)));
 			} else if (name === 'class') {
@@ -280,7 +279,7 @@ export function RegularElement(node, context) {
 					name,
 					value,
 					attributes,
-					!!context.state.options.experimental.customRenderer
+					!!context.state.analysis.custom_renderer
 				);
 
 				(has_state ? context.state.update : context.state.init).push(b.stmt(update));
@@ -357,7 +356,7 @@ export function RegularElement(node, context) {
 		const empty_string = value.type === 'Literal' && value.value === '';
 
 		if (!empty_string) {
-			if (context.state.options.experimental.customRenderer) {
+			if (context.state.analysis.custom_renderer) {
 				// custom renderers need to use the method to invoke the renderer
 				context.state.template.push_text([
 					{
@@ -377,10 +376,7 @@ export function RegularElement(node, context) {
 				);
 			}
 		}
-	} else if (
-		is_customizable_select_element(node) &&
-		!context.state.options.experimental.customRenderer
-	) {
+	} else if (is_customizable_select_element(node) && !context.state.analysis.custom_renderer) {
 		// For <option>, <optgroup>, or <select> elements with rich content, we need to branch based on browser support.
 		// Modern browsers preserve rich HTML in options, older browsers strip it to text only.
 		// We create a separate template for the rich content and append it to the element.
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/fragment.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/fragment.js
index cbf9201638..b03095d943 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/fragment.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/fragment.js
@@ -83,7 +83,7 @@ export function process_children(nodes, initial, is_element, context) {
 		if (has_state && !within_bound_contenteditable) {
 			context.state.update.push(update);
 		} else {
-			if (context.state.options.experimental.customRenderer) {
+			if (context.state.analysis.custom_renderer) {
 				// custom renderers need to use the method to invoke the renderer
 				context.state.init.push(update);
 			} else {
diff --git a/packages/svelte/src/compiler/phases/3-transform/server/visitors/RegularElement.js b/packages/svelte/src/compiler/phases/3-transform/server/visitors/RegularElement.js
index 822c8342c2..963acc1ca5 100644
--- a/packages/svelte/src/compiler/phases/3-transform/server/visitors/RegularElement.js
+++ b/packages/svelte/src/compiler/phases/3-transform/server/visitors/RegularElement.js
@@ -110,10 +110,7 @@ export function RegularElement(node, context) {
 
 		const [attributes, ...rest] = prepare_element_spread_object(node, context, optimiser.transform);
 
-		if (
-			is_customizable_select_element(node) &&
-			!context.state.options.experimental.customRenderer
-		) {
+		if (is_customizable_select_element(node) && !context.state.analysis.custom_renderer) {
 			rest.push(b.true);
 		}
 
@@ -160,10 +157,7 @@ export function RegularElement(node, context) {
 
 		const [attributes, ...rest] = prepare_element_spread_object(node, context, optimiser.transform);
 
-		if (
-			is_customizable_select_element(node) &&
-			!context.state.options.experimental.customRenderer
-		) {
+		if (is_customizable_select_element(node) && !context.state.analysis.custom_renderer) {
 			rest.push(b.true);
 		}
 
@@ -201,7 +195,7 @@ export function RegularElement(node, context) {
 		if (
 			(name === 'optgroup' || name === 'select') &&
 			is_customizable_select_element(node) &&
-			!context.state.options.experimental.customRenderer
+			!context.state.analysis.custom_renderer
 		) {
 			state.template.push(b.literal('<!>'));
 		}
diff --git a/packages/svelte/src/compiler/phases/types.d.ts b/packages/svelte/src/compiler/phases/types.d.ts
index a1a85ce145..54c90ff949 100644
--- a/packages/svelte/src/compiler/phases/types.d.ts
+++ b/packages/svelte/src/compiler/phases/types.d.ts
@@ -100,6 +100,10 @@ export interface ComponentAnalysis extends Analysis {
 	 * or if not present a boolean which corresponds to the compiler option value
 	 */
 	custom_element: boolean | AST.SvelteOptions['customElement'];
+	/**
+	 * The resolved custom renderer module path, or undefined if not using a custom renderer
+	 */
+	custom_renderer: string | undefined;
 	/** If `true`, should append styles through JavaScript */
 	inject_styles: boolean;
 	reactive_statements: Map<LabeledStatement, ReactiveStatement>;
diff --git a/packages/svelte/src/compiler/types/index.d.ts b/packages/svelte/src/compiler/types/index.d.ts
index 6474c0083f..1164e05066 100644
--- a/packages/svelte/src/compiler/types/index.d.ts
+++ b/packages/svelte/src/compiler/types/index.d.ts
@@ -241,7 +241,7 @@ export interface ModuleCompileOptions {
 		/**
 		 * Path to a module that exports the custom renderer to use. When this is truthy templating mode will also be automatically set to `functional`
 		 */
-		customRenderer?: string;
+		customRenderer?: string | ((options: { filename: string }) => string | undefined);
 	};
 }
 
@@ -249,6 +249,9 @@ export interface ModuleCompileOptions {
 
 export type ValidatedModuleCompileOptions = Omit<Required<ModuleCompileOptions>, 'rootDir'> & {
 	rootDir: ModuleCompileOptions['rootDir'];
+	experimental: Required<Omit<Required<ModuleCompileOptions>['experimental'], 'customRenderer'>> & {
+		customRenderer: (options: { filename: string }) => string | undefined;
+	};
 };
 
 export type ValidatedCompileOptions = ValidatedModuleCompileOptions &
diff --git a/packages/svelte/src/compiler/validate-options.js b/packages/svelte/src/compiler/validate-options.js
index 4ace4333e1..674cad5b8c 100644
--- a/packages/svelte/src/compiler/validate-options.js
+++ b/packages/svelte/src/compiler/validate-options.js
@@ -45,7 +45,15 @@ const common_options = {
 
 	experimental: object({
 		async: boolean(false),
-		customRenderer: string(undefined)
+		customRenderer: parametric(
+			/** @type {(options: { filename: string }) => string | undefined} */ (() => undefined),
+			(input, keypath) => {
+				if (input != null && typeof input !== 'string') {
+					throw_error(`${keypath} should be a string, if specified`);
+				}
+				return /** @type {string | undefined} */ (input);
+			}
+		)
 	})
 };
 
diff --git a/packages/svelte/types/index.d.ts b/packages/svelte/types/index.d.ts
index 861766b618..46c984fb75 100644
--- a/packages/svelte/types/index.d.ts
+++ b/packages/svelte/types/index.d.ts
@@ -1198,7 +1198,7 @@ declare module 'svelte/compiler' {
 			/**
 			 * Path to a module that exports the custom renderer to use. When this is truthy templating mode will also be automatically set to `functional`
 			 */
-			customRenderer?: string;
+			customRenderer?: string | ((options: { filename: string }) => string | undefined);
 		};
 	}
 	/**
@@ -3273,7 +3273,7 @@ declare module 'svelte/types/compiler/interfaces' {
 			/**
 			 * Path to a module that exports the custom renderer to use. When this is truthy templating mode will also be automatically set to `functional`
 			 */
-			customRenderer?: string;
+			customRenderer?: string | ((options: { filename: string }) => string | undefined);
 		};
 	}
 	/**