diff --git a/.changeset/fast-ads-tease.md b/.changeset/fast-ads-tease.md
new file mode 100644
index 000000000..1d5c50604
--- /dev/null
+++ b/.changeset/fast-ads-tease.md
@@ -0,0 +1,9 @@
+---
+'sku': patch
+---
+
+Enable `babel-loader` cache
+
+Sku's webpack configuration now emits a `babel-loader` cache to `node_modules/.cache/babel-loader`.
+This cache can speed up local development in situations where the webpack cache is invalidated.
+It can also be used during production builds to speed up the build process.
diff --git a/.github/workflows/validate.yml b/.github/workflows/validate.yml
index acc431cd0..95c999b82 100644
--- a/.github/workflows/validate.yml
+++ b/.github/workflows/validate.yml
@@ -52,6 +52,14 @@ jobs:
           path: ${{ steps.set-puppeteer-cache.outputs.PUPPETEER_CACHE_DIR }}
           key: puppeteer-${{ runner.os }}-${{ hashFiles('./pnpm-lock.yaml') }}
 
+      - name: Cache babel-loader
+        id: babel-loader-cache
+        uses: actions/cache@v3
+        with:
+          path: 'fixtures/*/node_modules/.cache/babel-loader'
+          key: babel-loader-${{ runner.os }}-${{ hashFiles('./pnpm-lock.yaml') }}
+          restore-keys: babel-loader-${{ runner.os }}-
+
       - name: Install Puppeteer
         if: steps.puppeteer-cache.outputs.cache-hit != 'true'
         run: pnpm puppeteer browsers install chrome
diff --git a/packages/sku/config/babel/babelConfig.js b/packages/sku/config/babel/babelConfig.js
index a484af74f..fd71d1e44 100644
--- a/packages/sku/config/babel/babelConfig.js
+++ b/packages/sku/config/babel/babelConfig.js
@@ -94,6 +94,13 @@ module.exports = ({
   return {
     babelrc: false,
     sourceType: isBrowser ? 'unambiguous' : 'module',
+    // `babel-jest` does not support the `cacheDirectory` option.
+    // It is only used by `babel-loader`.
+    ...(!isJest
+      ? {
+          cacheDirectory: true,
+        }
+      : {}),
     presets,
     plugins,
   };
diff --git a/packages/sku/config/webpack/webpack.config.js b/packages/sku/config/webpack/webpack.config.js
index 52693ff92..8f34dbbaf 100644
--- a/packages/sku/config/webpack/webpack.config.js
+++ b/packages/sku/config/webpack/webpack.config.js
@@ -176,6 +176,7 @@ const makeWebpackConfig = ({
                       loader: require.resolve('babel-loader'),
                       options: {
                         babelrc: false,
+                        cacheDirectory: true,
                         presets: [
                           [
                             require.resolve('@babel/preset-env'),
diff --git a/packages/sku/config/webpack/webpack.config.ssr.js b/packages/sku/config/webpack/webpack.config.ssr.js
index 3a18cc8f2..82731f6cd 100644
--- a/packages/sku/config/webpack/webpack.config.ssr.js
+++ b/packages/sku/config/webpack/webpack.config.ssr.js
@@ -138,6 +138,7 @@ const makeWebpackConfig = ({
                       loader: require.resolve('babel-loader'),
                       options: {
                         babelrc: false,
+                        cacheDirectory: true,
                         presets: [
                           [
                             require.resolve('@babel/preset-env'),