diff --git a/.changeset/short-buses-camp.md b/.changeset/short-buses-camp.md
new file mode 100644
index 0000000000..b7c0976bc8
--- /dev/null
+++ b/.changeset/short-buses-camp.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+fix: silence false positive state warning
diff --git a/packages/svelte/src/compiler/phases/2-analyze/index.js b/packages/svelte/src/compiler/phases/2-analyze/index.js
index 781ccdfc60..3a4e323a77 100644
--- a/packages/svelte/src/compiler/phases/2-analyze/index.js
+++ b/packages/svelte/src/compiler/phases/2-analyze/index.js
@@ -428,7 +428,7 @@ export function analyze_component(root, options) {
 	for (const scope of [module.scope, instance.scope]) {
 		outer: for (const [name, binding] of scope.declarations) {
 			if (binding.kind === 'normal' && binding.reassigned) {
-				for (const { path } of binding.references) {
+				inner: for (const { path } of binding.references) {
 					if (path[0].type !== 'Fragment') continue;
 					for (let i = 1; i < path.length; i += 1) {
 						const type = path[i].type;
@@ -437,7 +437,7 @@ export function analyze_component(root, options) {
 							type === 'FunctionExpression' ||
 							type === 'ArrowFunctionExpression'
 						) {
-							continue;
+							continue inner;
 						}
 					}
 
diff --git a/packages/svelte/tests/validator/samples/runes-referenced-nonstate/input.svelte b/packages/svelte/tests/validator/samples/runes-referenced-nonstate/input.svelte
index fd9d6c3173..c3a2b38fa7 100644
--- a/packages/svelte/tests/validator/samples/runes-referenced-nonstate/input.svelte
+++ b/packages/svelte/tests/validator/samples/runes-referenced-nonstate/input.svelte
@@ -2,9 +2,11 @@
 	let a = $state(1);
 	let b = 2;
 	let c = 3;
+	let d = 4;
 </script>
 
 <button onclick={() => a += 1}>a += 1</button>
 <button onclick={() => b += 1}>b += 1</button>
 <button onclick={() => c += 1}>c += 1</button>
+<button onclick={() => d += 1}>d += 1</button>
 <p>{a} + {b} + {c} = {a + b + c}</p>