diff --git a/.changeset/eager-dingos-retry.md b/.changeset/eager-dingos-retry.md
new file mode 100644
index 00000000000..67f8e9a5f79
--- /dev/null
+++ b/.changeset/eager-dingos-retry.md
@@ -0,0 +1,6 @@
+---
+'@tanstack/react-query': patch
+'@tanstack/preact-query': patch
+---
+
+fix(react-query, preact-query): retry queries caught by an error boundary when they mount after the reset wave
diff --git a/packages/preact-query/src/QueryErrorResetBoundary.tsx b/packages/preact-query/src/QueryErrorResetBoundary.tsx
index 10e854edba4..45208f2ec6a 100644
--- a/packages/preact-query/src/QueryErrorResetBoundary.tsx
+++ b/packages/preact-query/src/QueryErrorResetBoundary.tsx
@@ -10,14 +10,18 @@ import { useContext, useState } from 'preact/hooks'
 export type QueryErrorResetFunction = () => void
 
 /**
- * Returns whether the boundary has been reset and not yet cleared.
+ * Returns whether the boundary has been reset and not yet cleared. When a `queryHash` is
+ * given, only checks whether the boundary has been reset since that query last cleared its
+ * own reset state.
  */
-export type QueryErrorIsResetFunction = () => boolean
+export type QueryErrorIsResetFunction = (queryHash?: string) => boolean
 
 /**
  * Clears the reset state, so queries know not to try again until the boundary is reset again.
+ * When a `queryHash` is given, only that query's view of the reset state is cleared, so
+ * sibling queries can still observe the reset.
  */
-export type QueryErrorClearResetFunction = () => void
+export type QueryErrorClearResetFunction = (queryHash?: string) => void
 
 /**
  * The value a `QueryErrorResetBoundary` shares through context, used to reset query errors within
@@ -44,16 +48,38 @@ export interface QueryErrorResetBoundaryValue {
  * @returns The `clearReset`, `isReset`, and `reset` functions of the boundary.
  */
 function createValue(): QueryErrorResetBoundaryValue {
-  let isReset = false
+  // Each `reset()` starts a new reset generation and every query tracks the
+  // generation it last cleared, so one mounted query cannot consume the reset
+  // signal before other queries have seen it.
+  let resetId = 0
+  let resetPending = false
+  const clearedQueries = new Map<string, number>()
   return {
-    clearReset: () => {
-      isReset = false
+    clearReset: (queryHash) => {
+      if (queryHash === undefined) {
+        resetId = 0
+        resetPending = false
+        clearedQueries.clear()
+      } else {
+        clearedQueries.set(queryHash, resetId)
+        resetPending = false
+      }
     },
     reset: () => {
-      isReset = true
+      resetId += 1
+      resetPending = true
     },
-    isReset: () => {
-      return isReset
+    isReset: (queryHash) => {
+      if (queryHash === undefined) {
+        return resetPending
+      }
+      const clearedResetId = clearedQueries.get(queryHash)
+      // Queries that never cleared their own reset state follow the shared
+      // reset wave (cleared by the first mounted query), while queries that
+      // did clear it keep their own pending state until they observe it.
+      return clearedResetId === undefined
+        ? resetPending
+        : resetId > clearedResetId
     },
   }
 }
diff --git a/packages/preact-query/src/__tests__/QueryResetErrorBoundary.test.tsx b/packages/preact-query/src/__tests__/QueryResetErrorBoundary.test.tsx
index 43c1e9df144..39e1172af54 100644
--- a/packages/preact-query/src/__tests__/QueryResetErrorBoundary.test.tsx
+++ b/packages/preact-query/src/__tests__/QueryResetErrorBoundary.test.tsx
@@ -1,5 +1,5 @@
 import { queryKey, sleep } from '@tanstack/query-test-utils'
-import { fireEvent } from '@testing-library/preact'
+import { act, fireEvent } from '@testing-library/preact'
 import { Suspense } from 'preact/compat'
 import { useEffect, useState } from 'preact/hooks'
 import { afterEach, beforeEach, describe, expect, it, vi } from 'vitest'
@@ -732,6 +732,95 @@ describe('QueryErrorResetBoundary', () => {
     })
   })
 
+  it('should retry an errored query that mounts after a sibling query already consumed the reset', async () => {
+    const consoleErrorMock = vi
+      .spyOn(console, 'error')
+      .mockImplementation(() => undefined)
+    const key = queryKey()
+    const siblingKey = queryKey()
+
+    let succeed = false
+    let showPage!: (show: boolean) => void
+
+    function ErroredPage() {
+      const { data } = useQuery({
+        queryKey: key,
+        queryFn: () =>
+          sleep(10).then(() => {
+            if (!succeed) throw new Error('Error')
+            return 'data'
+          }),
+        retry: false,
+        throwOnError: true,
+      })
+
+      return <div>{data}</div>
+    }
+
+    function Sibling() {
+      useQuery({
+        queryKey: siblingKey,
+        queryFn: () => sleep(10).then(() => 'sibling'),
+      })
+
+      return null
+    }
+
+    function App() {
+      const [show, setShow] = useState(true)
+      showPage = setShow
+
+      return (
+        <QueryErrorResetBoundary>
+          {({ reset }) => (
+            <ErrorBoundary
+              onReset={reset}
+              fallbackRender={({ resetErrorBoundary }) => (
+                <div>
+                  <div>error boundary</div>
+                  <button
+                    onClick={() => {
+                      resetErrorBoundary()
+                    }}
+                  >
+                    retry
+                  </button>
+                </div>
+              )}
+            >
+              <Sibling />
+              {show ? <ErroredPage /> : null}
+            </ErrorBoundary>
+          )}
+        </QueryErrorResetBoundary>
+      )
+    }
+
+    const rendered = renderWithClient(queryClient, <App />)
+
+    await vi.advanceTimersByTimeAsync(11)
+    expect(rendered.getByText('error boundary')).toBeInTheDocument()
+
+    // Reset the boundary while the errored query is not rendered, so the
+    // sibling's mount is the only query that observes the reset.
+    act(() => {
+      showPage(false)
+    })
+    fireEvent.click(rendered.getByText('retry'))
+    await vi.advanceTimersByTimeAsync(11)
+
+    // Mounting the errored query again must still retry it: the sibling
+    // must not have consumed the reset on its behalf.
+    succeed = true
+    act(() => {
+      showPage(true)
+    })
+    await vi.advanceTimersByTimeAsync(11)
+    expect(rendered.getByText('data')).toBeInTheDocument()
+
+    consoleErrorMock.mockRestore()
+  })
+
   describe('useQueries', () => {
     it('should retry fetch if the reset error boundary has been reset', async () => {
       const consoleErrorMock = vi
diff --git a/packages/preact-query/src/errorBoundaryUtils.ts b/packages/preact-query/src/errorBoundaryUtils.ts
index ff39632f233..d130de59e64 100644
--- a/packages/preact-query/src/errorBoundaryUtils.ts
+++ b/packages/preact-query/src/errorBoundaryUtils.ts
@@ -42,7 +42,7 @@ export const ensurePreventErrorBoundaryRetry = <
 
   if (options.suspense || throwOnError) {
     // Prevent retrying failed query if the error boundary has not been reset yet
-    if (!errorResetBoundary.isReset()) {
+    if (!errorResetBoundary.isReset(options.queryHash)) {
       options.retryOnMount = false
     }
   }
@@ -52,13 +52,16 @@ export const ensurePreventErrorBoundaryRetry = <
  * Clears the reset state of the error boundary after the component mounts, so later errors are
  * thrown to the boundary again.
  * @param errorResetBoundary - The value of the nearest `QueryErrorResetBoundary`.
+ * @param queryHash - The hash(es) of the queries to clear the reset state for.
  */
 export const useClearResetErrorBoundary = (
   errorResetBoundary: QueryErrorResetBoundaryValue,
+  queryHash: string | Array<string>,
 ) => {
   useEffect(() => {
-    errorResetBoundary.clearReset()
-  }, [errorResetBoundary])
+    const queryHashes = Array.isArray(queryHash) ? queryHash : [queryHash]
+    queryHashes.forEach((hash) => errorResetBoundary.clearReset(hash))
+  }, [errorResetBoundary, queryHash])
 }
 
 /**
@@ -90,7 +93,7 @@ export const getHasError = <
 }) => {
   return (
     result.isError &&
-    !errorResetBoundary.isReset() &&
+    !errorResetBoundary.isReset(query?.queryHash) &&
     !result.isFetching &&
     query &&
     ((suspense && result.data === undefined) ||
diff --git a/packages/preact-query/src/suspense.ts b/packages/preact-query/src/suspense.ts
index 047f21d41f0..21b81f45b23 100644
--- a/packages/preact-query/src/suspense.ts
+++ b/packages/preact-query/src/suspense.ts
@@ -98,5 +98,5 @@ export const fetchOptimistic = <
   errorResetBoundary: QueryErrorResetBoundaryValue,
 ) =>
   observer.fetchOptimistic(defaultedOptions).catch(() => {
-    errorResetBoundary.clearReset()
+    errorResetBoundary.clearReset(defaultedOptions.queryHash)
   })
diff --git a/packages/preact-query/src/useBaseQuery.ts b/packages/preact-query/src/useBaseQuery.ts
index b0ac07196cc..59bca812c66 100644
--- a/packages/preact-query/src/useBaseQuery.ts
+++ b/packages/preact-query/src/useBaseQuery.ts
@@ -88,7 +88,7 @@ export function useBaseQuery<
   ensureSuspenseTimers(defaultedOptions)
   ensurePreventErrorBoundaryRetry(defaultedOptions, errorResetBoundary, query)
 
-  useClearResetErrorBoundary(errorResetBoundary)
+  useClearResetErrorBoundary(errorResetBoundary, defaultedOptions.queryHash)
 
   const [observer] = useState(
     () =>
diff --git a/packages/preact-query/src/useQueries.ts b/packages/preact-query/src/useQueries.ts
index 58e26f3ceba..ac06015d037 100644
--- a/packages/preact-query/src/useQueries.ts
+++ b/packages/preact-query/src/useQueries.ts
@@ -361,7 +361,10 @@ export function useQueries<
     ensurePreventErrorBoundaryRetry(queryOptions, errorResetBoundary, query)
   })
 
-  useClearResetErrorBoundary(errorResetBoundary)
+  useClearResetErrorBoundary(
+    errorResetBoundary,
+    defaultedQueries.map((queryOptions) => queryOptions.queryHash),
+  )
 
   const [observer] = useState(
     () =>
diff --git a/packages/react-query/src/QueryErrorResetBoundary.tsx b/packages/react-query/src/QueryErrorResetBoundary.tsx
index dfde44fb268..0f506119fa6 100644
--- a/packages/react-query/src/QueryErrorResetBoundary.tsx
+++ b/packages/react-query/src/QueryErrorResetBoundary.tsx
@@ -9,14 +9,18 @@ import * as React from 'react'
 export type QueryErrorResetFunction = () => void
 
 /**
- * Returns whether the boundary has been reset and not yet cleared.
+ * Returns whether the boundary has been reset and not yet cleared. When a `queryHash` is
+ * given, only checks whether the boundary has been reset since that query last cleared its
+ * own reset state.
  */
-export type QueryErrorIsResetFunction = () => boolean
+export type QueryErrorIsResetFunction = (queryHash?: string) => boolean
 
 /**
  * Clears the reset state, so queries know not to try again until the boundary is reset again.
+ * When a `queryHash` is given, only that query's view of the reset state is cleared, so
+ * sibling queries can still observe the reset.
  */
-export type QueryErrorClearResetFunction = () => void
+export type QueryErrorClearResetFunction = (queryHash?: string) => void
 
 /**
  * The value a `QueryErrorResetBoundary` shares through context, used to reset query errors within
@@ -43,26 +47,38 @@ export interface QueryErrorResetBoundaryValue {
  * @returns The `clearReset`, `isReset`, and `reset` functions of the boundary.
  */
 function createValue(): QueryErrorResetBoundaryValue {
-  let isReset = false
+  // Each `reset()` starts a new reset generation and every query tracks the
+  // generation it last cleared, so one mounted query cannot consume the reset
+  // signal before other queries have seen it.
+  let resetId = 0
+  let resetPending = false
+  const clearedQueries = new Map<string, number>()
   return {
-    /**
-     * Clears the reset state, so queries know not to try again until the boundary is reset again.
-     */
-    clearReset: () => {
-      isReset = false
+    clearReset: (queryHash) => {
+      if (queryHash === undefined) {
+        resetId = 0
+        resetPending = false
+        clearedQueries.clear()
+      } else {
+        clearedQueries.set(queryHash, resetId)
+        resetPending = false
+      }
     },
-    /**
-     * Resets any query errors within the boundary, so queries know they can try again.
-     */
     reset: () => {
-      isReset = true
+      resetId += 1
+      resetPending = true
     },
-    /**
-     * Returns whether the boundary has been reset and not yet cleared.
-     * @returns `true` if the boundary has been reset and not yet cleared.
-     */
-    isReset: () => {
-      return isReset
+    isReset: (queryHash) => {
+      if (queryHash === undefined) {
+        return resetPending
+      }
+      const clearedResetId = clearedQueries.get(queryHash)
+      // Queries that never cleared their own reset state follow the shared
+      // reset wave (cleared by the first mounted query), while queries that
+      // did clear it keep their own pending state until they observe it.
+      return clearedResetId === undefined
+        ? resetPending
+        : resetId > clearedResetId
     },
   }
 }
diff --git a/packages/react-query/src/__tests__/QueryResetErrorBoundary.test.tsx b/packages/react-query/src/__tests__/QueryResetErrorBoundary.test.tsx
index 9479cad27b3..979368ddfe9 100644
--- a/packages/react-query/src/__tests__/QueryResetErrorBoundary.test.tsx
+++ b/packages/react-query/src/__tests__/QueryResetErrorBoundary.test.tsx
@@ -808,6 +808,95 @@ describe('QueryErrorResetBoundary', () => {
     })
   })
 
+  it('should retry an errored query that mounts after a sibling query already consumed the reset', async () => {
+    const consoleErrorMock = vi
+      .spyOn(console, 'error')
+      .mockImplementation(() => undefined)
+    const key = queryKey()
+    const siblingKey = queryKey()
+
+    let succeed = false
+    let showPage!: (show: boolean) => void
+
+    function ErroredPage() {
+      const { data } = useQuery({
+        queryKey: key,
+        queryFn: () =>
+          sleep(10).then(() => {
+            if (!succeed) throw new Error('Error')
+            return 'data'
+          }),
+        retry: false,
+        throwOnError: true,
+      })
+
+      return <div>{data}</div>
+    }
+
+    function Sibling() {
+      useQuery({
+        queryKey: siblingKey,
+        queryFn: () => sleep(10).then(() => 'sibling'),
+      })
+
+      return null
+    }
+
+    function App() {
+      const [show, setShow] = React.useState(true)
+      showPage = setShow
+
+      return (
+        <QueryErrorResetBoundary>
+          {({ reset }) => (
+            <ErrorBoundary
+              onReset={reset}
+              fallbackRender={({ resetErrorBoundary }) => (
+                <div>
+                  <div>error boundary</div>
+                  <button
+                    onClick={() => {
+                      resetErrorBoundary()
+                    }}
+                  >
+                    retry
+                  </button>
+                </div>
+              )}
+            >
+              <Sibling />
+              {show ? <ErroredPage /> : null}
+            </ErrorBoundary>
+          )}
+        </QueryErrorResetBoundary>
+      )
+    }
+
+    const rendered = renderWithClient(queryClient, <App />)
+
+    await vi.advanceTimersByTimeAsync(11)
+    expect(rendered.getByText('error boundary')).toBeInTheDocument()
+
+    // Reset the boundary while the errored query is not rendered, so the
+    // sibling's mount is the only query that observes the reset.
+    act(() => {
+      showPage(false)
+    })
+    fireEvent.click(rendered.getByText('retry'))
+    await vi.advanceTimersByTimeAsync(11)
+
+    // Mounting the errored query again must still retry it: the sibling
+    // must not have consumed the reset on its behalf.
+    succeed = true
+    act(() => {
+      showPage(true)
+    })
+    await vi.advanceTimersByTimeAsync(11)
+    expect(rendered.getByText('data')).toBeInTheDocument()
+
+    consoleErrorMock.mockRestore()
+  })
+
   describe('useQueries', () => {
     it('should retry fetch if the reset error boundary has been reset', async () => {
       const consoleErrorMock = vi
diff --git a/packages/react-query/src/errorBoundaryUtils.ts b/packages/react-query/src/errorBoundaryUtils.ts
index 2d6824178a4..ede16a326a7 100644
--- a/packages/react-query/src/errorBoundaryUtils.ts
+++ b/packages/react-query/src/errorBoundaryUtils.ts
@@ -42,7 +42,7 @@ export const ensurePreventErrorBoundaryRetry = <
 
   if (options.suspense || throwOnError) {
     // Prevent retrying failed query if the error boundary has not been reset yet
-    if (!errorResetBoundary.isReset()) {
+    if (!errorResetBoundary.isReset(options.queryHash)) {
       options.retryOnMount = false
     }
   }
@@ -52,13 +52,16 @@ export const ensurePreventErrorBoundaryRetry = <
  * Clears the reset state of the error boundary after the component mounts, so later errors are
  * thrown to the boundary again.
  * @param errorResetBoundary - The value of the nearest `QueryErrorResetBoundary`.
+ * @param queryHash - The hash(es) of the queries to clear the reset state for.
  */
 export const useClearResetErrorBoundary = (
   errorResetBoundary: QueryErrorResetBoundaryValue,
+  queryHash: string | Array<string>,
 ) => {
   React.useEffect(() => {
-    errorResetBoundary.clearReset()
-  }, [errorResetBoundary])
+    const queryHashes = Array.isArray(queryHash) ? queryHash : [queryHash]
+    queryHashes.forEach((hash) => errorResetBoundary.clearReset(hash))
+  }, [errorResetBoundary, queryHash])
 }
 
 /**
@@ -90,7 +93,7 @@ export const getHasError = <
 }) => {
   return (
     result.isError &&
-    !errorResetBoundary.isReset() &&
+    !errorResetBoundary.isReset(query?.queryHash) &&
     !result.isFetching &&
     query &&
     ((suspense && result.data === undefined) ||
diff --git a/packages/react-query/src/suspense.ts b/packages/react-query/src/suspense.ts
index 6d0534bef8b..e35dcb4f764 100644
--- a/packages/react-query/src/suspense.ts
+++ b/packages/react-query/src/suspense.ts
@@ -97,5 +97,5 @@ export const fetchOptimistic = <
   errorResetBoundary: QueryErrorResetBoundaryValue,
 ) =>
   observer.fetchOptimistic(defaultedOptions).catch(() => {
-    errorResetBoundary.clearReset()
+    errorResetBoundary.clearReset(defaultedOptions.queryHash)
   })
diff --git a/packages/react-query/src/useBaseQuery.ts b/packages/react-query/src/useBaseQuery.ts
index ce1a615aff7..ebd62c0e3f0 100644
--- a/packages/react-query/src/useBaseQuery.ts
+++ b/packages/react-query/src/useBaseQuery.ts
@@ -91,7 +91,7 @@ export function useBaseQuery<
 
   ensureSuspenseTimers(defaultedOptions)
   ensurePreventErrorBoundaryRetry(defaultedOptions, errorResetBoundary, query)
-  useClearResetErrorBoundary(errorResetBoundary)
+  useClearResetErrorBoundary(errorResetBoundary, defaultedOptions.queryHash)
 
   const [observer] = React.useState(
     () =>
diff --git a/packages/react-query/src/useQueries.ts b/packages/react-query/src/useQueries.ts
index 6d5886698c2..849c6a77f6d 100644
--- a/packages/react-query/src/useQueries.ts
+++ b/packages/react-query/src/useQueries.ts
@@ -413,7 +413,10 @@ export function useQueries<
     ensurePreventErrorBoundaryRetry(queryOptions, errorResetBoundary, query)
   })
 
-  useClearResetErrorBoundary(errorResetBoundary)
+  useClearResetErrorBoundary(
+    errorResetBoundary,
+    defaultedQueries.map((queryOptions) => queryOptions.queryHash),
+  )
 
   const [observer] = React.useState(
     () =>