diff --git a/Zend/tests/gh11734.phpt b/Zend/tests/gh11734.phpt
new file mode 100644
index 0000000000000..58d2ec59ad347
--- /dev/null
+++ b/Zend/tests/gh11734.phpt
@@ -0,0 +1,20 @@
+--TEST--
+GH-11734: Use-of-uninitialized-value when OOM on object allocation
+--INI--
+memory_limit=2M
+--SKIPIF--
+<?php
+$zend_mm_enabled = getenv("USE_ZEND_ALLOC");
+if ($zend_mm_enabled === "0") {
+    die("skip Zend MM disabled");
+}
+?>
+--FILE--
+<?php
+$objs = [];
+while (true) {
+    $objs[] = new SplPriorityQueue;
+}
+?>
+--EXPECTF--
+Fatal error: Allowed memory size of %d bytes exhausted at %s (tried to allocate %d bytes) in %s on line %d
diff --git a/Zend/zend_objects_API.h b/Zend/zend_objects_API.h
index 7a9a3a00082c0..85c6cf2c2bf1a 100644
--- a/Zend/zend_objects_API.h
+++ b/Zend/zend_objects_API.h
@@ -91,6 +91,11 @@ static zend_always_inline size_t zend_object_properties_size(zend_class_entry *c
 static zend_always_inline void *zend_object_alloc(size_t obj_size, zend_class_entry *ce) {
 	void *obj = emalloc(obj_size + zend_object_properties_size(ce));
 	memset(obj, 0, obj_size - sizeof(zend_object));
+	/* Set to std_object_handlers in case there is an OOM error before any other handlers are
+	 * installed. This avoids a use-of-uninitialized-value on shutdown. This would be more fitting in
+	 * zend_object_std_init(), but some extensions set handlers before calling
+	 * zend_object_std_init(). */
+	((zend_object *)((uintptr_t)obj + obj_size - sizeof(zend_object)))->handlers = &std_object_handlers;
 	return obj;
 }