diff --git a/packages/react-reconciler/src/ReactFiberLazyComponent.js b/packages/react-reconciler/src/ReactFiberLazyComponent.js
index 179262fa449c8..07fd7a70762de 100644
--- a/packages/react-reconciler/src/ReactFiberLazyComponent.js
+++ b/packages/react-reconciler/src/ReactFiberLazyComponent.js
@@ -47,7 +47,6 @@ export function readLazyComponentType<T>(lazyComponent: LazyComponent<T>): T {
       lazyComponent._status = Pending;
       const ctor = lazyComponent._ctor;
       const thenable = ctor();
-      lazyComponent._result = thenable;
       thenable.then(
         moduleObject => {
           if (lazyComponent._status === Pending) {
@@ -78,6 +77,7 @@ export function readLazyComponentType<T>(lazyComponent: LazyComponent<T>): T {
       if (lazyComponent._status === Resolved) {
         return lazyComponent._result;
       }
+      lazyComponent._result = thenable;
       throw thenable;
     }
   }