diff --git a/lib/useOnyx.ts b/lib/useOnyx.ts
index 80c14e485..c906040f6 100644
--- a/lib/useOnyx.ts
+++ b/lib/useOnyx.ts
@@ -108,6 +108,12 @@ function useOnyx<TKey extends OnyxKey, TReturnValue = OnyxValue<TKey>>(key: TKey
         if (!shouldGetCachedValueRef.current) {
             const cachedResult = onyxSnapshotCache.getCachedResult<UseOnyxResult<TReturnValue>>(key, cacheKey);
             if (cachedResult !== undefined) {
+                // The slot is shared by all subscribers of the same (key, selector) pair, so it can hold a content-equal
+                // result computed by another subscriber. Keep our own result then, otherwise we would needlessly change
+                // this hook's result identity and re-render its consumer.
+                if (cachedResult !== resultRef.current && memoizedShallowEqual(cachedResult[0], resultRef.current[0]) && cachedResult[1].status === resultRef.current[1].status) {
+                    return resultRef.current;
+                }
                 resultRef.current = cachedResult;
                 return cachedResult;
             }
diff --git a/tests/unit/useOnyxTest.ts b/tests/unit/useOnyxTest.ts
index 385e285d9..837dcbdee 100644
--- a/tests/unit/useOnyxTest.ts
+++ b/tests/unit/useOnyxTest.ts
@@ -574,6 +574,28 @@ describe('useOnyx', () => {
             expect(oldResult).toBe(result.current);
         });
 
+        it('should keep result identity when a new subscriber with the same key and selector mounts', async () => {
+            Onyx.set(ONYXKEYS.TEST_KEY, {id: 'test_id', name: 'test_name'});
+
+            const selector = ((entry: OnyxEntry<{id: string; name: string}>) => ({id: entry?.id})) as UseOnyxSelector<OnyxKey, {id?: string}>;
+
+            const {result, rerender} = renderHook(() => useOnyx(ONYXKEYS.TEST_KEY, {selector}));
+
+            await act(async () => waitForPromisesToResolve());
+
+            const oldResult = result.current;
+
+            // A subscriber that mounts later computes its own content-equal selector output and publishes it into the shared snapshot cache slot.
+            renderHook(() => useOnyx(ONYXKEYS.TEST_KEY, {selector}));
+
+            await act(async () => waitForPromisesToResolve());
+
+            rerender(undefined);
+
+            // must be the same reference — the new subscriber's content-equal result must not replace it
+            expect(result.current).toBe(oldResult);
+        });
+
         it('should always use the current selector reference to return new data', async () => {
             Onyx.set(ONYXKEYS.TEST_KEY, {id: 'test_id', name: 'test_name'});