diff --git a/packages/svelte/src/internal/client/reactivity/deriveds.js b/packages/svelte/src/internal/client/reactivity/deriveds.js
index 1692762ae4..fe33179e7e 100644
--- a/packages/svelte/src/internal/client/reactivity/deriveds.js
+++ b/packages/svelte/src/internal/client/reactivity/deriveds.js
@@ -433,6 +433,8 @@ export function update_derived(derived) {
 			set_signal_status(derived, CLEAN);
 			return;
 		}
+	} else if (batch_values?.has(derived) && !derived.equals(batch_values?.get(derived))) {
+		current_batch?.capture(derived, derived.v);
 	}
 
 	// don't mark derived clean if we're reading it inside a
diff --git a/packages/svelte/tests/runtime-runes/samples/async-derived-equal-real-value-hidden/_config.js b/packages/svelte/tests/runtime-runes/samples/async-derived-equal-real-value-hidden/_config.js
new file mode 100644
index 0000000000..d319831f2e
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/async-derived-equal-real-value-hidden/_config.js
@@ -0,0 +1,33 @@
+import { tick } from 'svelte';
+import { test } from '../../test';
+
+const buttons =
+	'<button>x</button><button>s</button><button>resolve a</button><button>resolve b</button>';
+
+export default test({
+	mode: ['client'],
+	async test({ assert, target }) {
+		await tick();
+		const [x, s, resolve_a, resolve_b] = target.querySelectorAll('button');
+		assert.htmlEqual(target.innerHTML, `${buttons}<p>0:5</p><p>5</p>`);
+
+		// batch A: `t` becomes truthy (pending)
+		x.click();
+		await tick();
+
+		// batch B: `d` becomes 0 (pending)
+		s.click();
+		await tick();
+		assert.htmlEqual(target.innerHTML, `${buttons}<p>0:5</p><p>5</p>`);
+
+		// In A's world, `d` is recomputed to 0. That's the real value, but not the value
+		// A sees for it (the one from before B's change), so A has to record it
+		resolve_a.click();
+		await tick();
+		assert.htmlEqual(target.innerHTML, `${buttons}<p>1:0</p><p>5</p>`);
+
+		resolve_b.click();
+		await tick();
+		assert.htmlEqual(target.innerHTML, `${buttons}<p>1:0</p><p>0</p>`);
+	}
+});
diff --git a/packages/svelte/tests/runtime-runes/samples/async-derived-equal-real-value-hidden/main.svelte b/packages/svelte/tests/runtime-runes/samples/async-derived-equal-real-value-hidden/main.svelte
new file mode 100644
index 0000000000..9fe34a5e12
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/async-derived-equal-real-value-hidden/main.svelte
@@ -0,0 +1,25 @@
+<script>
+	let x = $state(0);
+	let s = $state(5);
+
+	const pending = new Map();
+
+	function delay(name, value, initial) {
+		if (value === initial) return value;
+		return new Promise((resolve) => pending.set(name, () => resolve(value)));
+	}
+
+	const t = $derived(await delay('a', x, 0));
+	const d = $derived(t ? 0 : s);
+</script>
+
+<button onclick={() => x++}>x</button>
+<button onclick={() => (s = 0)}>s</button>
+<button onclick={() => pending.get('a')?.()}>resolve a</button>
+<button onclick={() => pending.get('b')?.()}>resolve b</button>
+
+{#if d >= 0}
+	<p>{t}:{d}</p>
+{/if}
+
+<p>{await delay('b', s, 5)}</p>