diff --git a/.changeset/silver-llamas-hear.md b/.changeset/silver-llamas-hear.md
new file mode 100644
index 000000000000..f937eb053c02
--- /dev/null
+++ b/.changeset/silver-llamas-hear.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+fix: hydrate boundaries inside async components correctly
diff --git a/packages/svelte/src/internal/client/dom/blocks/boundary.js b/packages/svelte/src/internal/client/dom/blocks/boundary.js
index ca6437e3841f..cad966bd4f27 100644
--- a/packages/svelte/src/internal/client/dom/blocks/boundary.js
+++ b/packages/svelte/src/internal/client/dom/blocks/boundary.js
@@ -22,7 +22,8 @@ import {
 	hydrating,
 	next,
 	skip_nodes,
-	set_hydrate_node
+	set_hydrate_node,
+	set_hydrating
 } from '../hydration.js';
 import { get_next_sibling } from '../operations.js';
 import { queue_micro_task } from '../task.js';
@@ -191,7 +192,14 @@ export class Boundary {
 		Batch.enqueue(() => {
 			this.#main_effect = this.#run(() => {
 				Batch.ensure();
-				return branch(() => this.#children(this.#anchor));
+				return branch(() => {
+					// We've already hydrated the pending content. We stop hydrating
+					// here so the resolved content is rendered on top of it.
+					if (hydrating) {
+						set_hydrating(false);
+					}
+					return this.#children(this.#anchor);
+				});
 			});
 
 			if (this.#pending_count > 0) {
diff --git a/packages/svelte/tests/hydration/samples/boundary-in-async-component/_config.js b/packages/svelte/tests/hydration/samples/boundary-in-async-component/_config.js
new file mode 100644
index 000000000000..bdb8dc6cf716
--- /dev/null
+++ b/packages/svelte/tests/hydration/samples/boundary-in-async-component/_config.js
@@ -0,0 +1,11 @@
+import { tick } from 'svelte';
+import { test } from '../../test';
+
+export default test({
+	async: true,
+	async test(assert, target) {
+		assert.htmlEqual(target.innerHTML, 'component: loaded, boundary: loading');
+		await tick();
+		assert.htmlEqual(target.innerHTML, 'component: loaded, boundary: loaded');
+	}
+});
diff --git a/packages/svelte/tests/hydration/samples/boundary-in-async-component/main.svelte b/packages/svelte/tests/hydration/samples/boundary-in-async-component/main.svelte
new file mode 100644
index 000000000000..7ab0b2b02746
--- /dev/null
+++ b/packages/svelte/tests/hydration/samples/boundary-in-async-component/main.svelte
@@ -0,0 +1,12 @@
+<script>
+	await Promise.resolve();
+</script>
+
+component: loaded, boundary:
+
+<svelte:boundary>
+	loaded
+	{#snippet pending()}
+		loading
+	{/snippet}
+</svelte:boundary>
diff --git a/packages/svelte/tests/hydration/test.ts b/packages/svelte/tests/hydration/test.ts
index 70d5c5d0724f..066febe163c9 100644
--- a/packages/svelte/tests/hydration/test.ts
+++ b/packages/svelte/tests/hydration/test.ts
@@ -10,8 +10,10 @@ import { createClassComponent } from 'svelte/legacy';
 import { render } from 'svelte/server';
 import type { CompileOptions } from '#compiler';
 import { flushSync } from 'svelte';
+import type { RenderOutput, SyncRenderOutput } from '#server';
 
 interface HydrationTest extends BaseTest {
+	async?: boolean;
 	load_compiled?: boolean;
 	server_props?: Record<string, any>;
 	id_prefix?: string;
@@ -43,6 +45,11 @@ function read(path: string): string | void {
 }
 
 const { test, run } = suite<HydrationTest>(async (config, cwd) => {
+	if (config.async) {
+		config.compileOptions ??= {};
+		config.compileOptions.experimental ??= {};
+		config.compileOptions.experimental.async = true;
+	}
 	if (!config.load_compiled) {
 		await compile_directory(cwd, 'client', {
 			accessors: true,
@@ -56,16 +63,20 @@ const { test, run } = suite<HydrationTest>(async (config, cwd) => {
 	const target = window.document.body;
 	const head = window.document.head;
 
-	const rendered = render((await import(`${cwd}/_output/server/main.svelte.js`)).default, {
-		props: config.server_props ?? config.props ?? {},
-		idPrefix: config?.id_prefix
-	});
+	let rendered: RenderOutput | SyncRenderOutput = render(
+		(await import(`${cwd}/_output/server/main.svelte.js`)).default,
+		{
+			props: config.server_props ?? config.props ?? {},
+			idPrefix: config?.id_prefix
+		}
+	);
+	if (config.async) rendered = await rendered;
 
 	const override = read(`${cwd}/_override.html`);
 	const override_head = read(`${cwd}/_override_head.html`);
 
-	fs.writeFileSync(`${cwd}/_output/body.html`, rendered.html + '\n');
-	target.innerHTML = override ?? rendered.html;
+	fs.writeFileSync(`${cwd}/_output/body.html`, rendered.body + '\n');
+	target.innerHTML = override ?? rendered.body;
 
 	if (rendered.head) {
 		fs.writeFileSync(`${cwd}/_output/head.html`, rendered.head + '\n');
@@ -134,7 +145,7 @@ const { test, run } = suite<HydrationTest>(async (config, cwd) => {
 		const normalize = (string: string) =>
 			string.trim().replaceAll('\r\n', '\n').replaceAll('/>', '>');
 
-		const expected = read(`${cwd}/_expected.html`) ?? rendered.html;
+		const expected = read(`${cwd}/_expected.html`) ?? rendered.body;
 		assert.equal(normalize(target.innerHTML), normalize(expected));
 
 		if (rendered.head) {