diff --git a/.changeset/mean-spoons-stand.md b/.changeset/mean-spoons-stand.md
new file mode 100644
index 00000000..fd0eca70
--- /dev/null
+++ b/.changeset/mean-spoons-stand.md
@@ -0,0 +1,5 @@
+---
+'@openai/agents-core': patch
+---
+
+Fixes a bug where `onTraceEnd` was called immediately after `onTraceStart` when streaming is enabled
diff --git a/packages/agents-core/src/result.ts b/packages/agents-core/src/result.ts
index 1013d2e3..b06b1df6 100644
--- a/packages/agents-core/src/result.ts
+++ b/packages/agents-core/src/result.ts
@@ -243,6 +243,7 @@ export class StreamedRunResult<
   #completedPromiseResolve: (() => void) | undefined;
   #completedPromiseReject: ((err: unknown) => void) | undefined;
   #cancelled: boolean = false;
+  #streamLoopPromise: Promise<void> | undefined;
 
   constructor(
     result: {
@@ -413,4 +414,22 @@ export class StreamedRunResult<
   [Symbol.asyncIterator](): AsyncIterator<RunStreamEvent> {
     return this.#readableStream[Symbol.asyncIterator]();
   }
+
+  /**
+   * @internal
+   * Sets the stream loop promise that completes when the internal stream loop finishes.
+   * This is used to defer trace end until all agent work is complete.
+   */
+  _setStreamLoopPromise(promise: Promise<void>) {
+    this.#streamLoopPromise = promise;
+  }
+
+  /**
+   * @internal
+   * Returns a promise that resolves when the stream loop completes.
+   * This is used by the tracing system to wait for all agent work before ending the trace.
+   */
+  _getStreamLoopPromise(): Promise<void> | undefined {
+    return this.#streamLoopPromise;
+  }
 }
diff --git a/packages/agents-core/src/run.ts b/packages/agents-core/src/run.ts
index c29ede39..596d58ce 100644
--- a/packages/agents-core/src/run.ts
+++ b/packages/agents-core/src/run.ts
@@ -1138,7 +1138,11 @@ export class Runner extends RunHooks<any, AgentOutputType<unknown>> {
       result.maxTurns = options.maxTurns ?? state._maxTurns;
 
       // Continue the stream loop without blocking
-      this.#runStreamLoop(result, options, isResumedState).then(
+      const streamLoopPromise = this.#runStreamLoop(
+        result,
+        options,
+        isResumedState,
+      ).then(
         () => {
           result._done();
         },
@@ -1147,6 +1151,9 @@ export class Runner extends RunHooks<any, AgentOutputType<unknown>> {
         },
       );
 
+      // Attach the stream loop promise so trace end waits for the loop to complete
+      result._setStreamLoopPromise(streamLoopPromise);
+
       return result;
     });
   }
diff --git a/packages/agents-core/src/tracing/context.ts b/packages/agents-core/src/tracing/context.ts
index cdb3f986..af084709 100644
--- a/packages/agents-core/src/tracing/context.ts
+++ b/packages/agents-core/src/tracing/context.ts
@@ -2,6 +2,7 @@ import { AsyncLocalStorage } from '@openai/agents-core/_shims';
 import { Trace, TraceOptions } from './traces';
 import { getGlobalTraceProvider } from './provider';
 import { Span, SpanError } from './spans';
+import { StreamedRunResult } from '../result';
 
 type ContextState = {
   trace?: Trace;
@@ -58,6 +59,17 @@ function _wrapFunctionWithTraceLifecycle<T>(fn: (trace: Trace) => Promise<T>) {
 
     await trace.start();
     const result = await fn(trace);
+
+    // If result is a StreamedRunResult, defer trace end until stream loop completes
+    if (result instanceof StreamedRunResult) {
+      const streamLoopPromise = result._getStreamLoopPromise();
+      if (streamLoopPromise) {
+        streamLoopPromise.finally(() => trace.end());
+        return result;
+      }
+    }
+
+    // For non-streaming results, end trace synchronously
     await trace.end();
 
     return result;
diff --git a/packages/agents-core/test/tracing.test.ts b/packages/agents-core/test/tracing.test.ts
index a1fc26a2..38442280 100644
--- a/packages/agents-core/test/tracing.test.ts
+++ b/packages/agents-core/test/tracing.test.ts
@@ -37,6 +37,13 @@ import { withAgentSpan } from '../src/tracing/createSpans';
 
 import { TraceProvider } from '../src/tracing/provider';
 
+import { Runner } from '../src/run';
+import { Agent } from '../src/agent';
+import { FakeModel, fakeModelMessage, FakeModelProvider } from './stubs';
+import { Usage } from '../src/usage';
+import * as protocol from '../src/types/protocol';
+import { setDefaultModelProvider } from '../src/providers';
+
 class TestExporter implements TracingExporter {
   public exported: Array<(Trace | Span<any>)[]> = [];
 
@@ -259,6 +266,97 @@ describe('withTrace & span helpers (integration)', () => {
     expect(startedIds).toContain(capturedSpanId);
     expect(endedIds).toContain(capturedSpanId);
   });
+
+  it('streaming run waits for stream loop to complete before calling onTraceEnd', async () => {
+    // Set up model provider
+    setDefaultModelProvider(new FakeModelProvider());
+
+    const traceStartTimes: number[] = [];
+    const traceEndTimes: number[] = [];
+    const spanEndTimes: number[] = [];
+
+    class OrderTrackingProcessor implements TracingProcessor {
+      async onTraceStart(_trace: Trace): Promise<void> {
+        traceStartTimes.push(Date.now());
+      }
+      async onTraceEnd(_trace: Trace): Promise<void> {
+        traceEndTimes.push(Date.now());
+      }
+      async onSpanStart(_span: Span<any>): Promise<void> {
+        // noop
+      }
+      async onSpanEnd(_span: Span<any>): Promise<void> {
+        spanEndTimes.push(Date.now());
+      }
+      async shutdown(): Promise<void> {
+        /* noop */
+      }
+      async forceFlush(): Promise<void> {
+        /* noop */
+      }
+    }
+
+    const orderProcessor = new OrderTrackingProcessor();
+    setTraceProcessors([orderProcessor]);
+
+    // Create a fake model that supports streaming
+    class StreamingFakeModel extends FakeModel {
+      async *getStreamedResponse(
+        _request: any,
+      ): AsyncIterable<protocol.StreamEvent> {
+        const response = await this.getResponse(_request);
+        yield {
+          type: 'response_done',
+          response: {
+            id: 'resp-1',
+            usage: {
+              requests: 1,
+              inputTokens: 0,
+              outputTokens: 0,
+              totalTokens: 0,
+            },
+            output: response.output,
+          },
+        } as any;
+      }
+    }
+
+    const agent = new Agent({
+      name: 'TestAgent',
+      model: new StreamingFakeModel([
+        {
+          output: [fakeModelMessage('Final output')],
+          usage: new Usage(),
+        },
+      ]),
+    });
+
+    const runner = new Runner({
+      tracingDisabled: false,
+    });
+
+    // Run with streaming
+    const result = await runner.run(agent, 'test input', { stream: true });
+
+    // Consume the stream
+    for await (const _event of result) {
+      // consume all events
+    }
+
+    // Wait for completion
+    await result.completed;
+
+    // onTraceEnd should be called after all spans have ended
+    expect(traceStartTimes.length).toBe(1);
+    expect(traceEndTimes.length).toBe(1);
+    expect(spanEndTimes.length).toBeGreaterThan(0);
+
+    // The trace should end after all spans have ended
+    const lastSpanEndTime = Math.max(...spanEndTimes);
+    const traceEndTime = traceEndTimes[0];
+
+    expect(traceEndTime).toBeGreaterThanOrEqual(lastSpanEndTime);
+  });
 });
 
 // -----------------------------------------------------------------------------------------