diff --git a/CHANGELOG.md b/CHANGELOG.md
index 24cdd16f3d..6e9de0ad41 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -14,6 +14,7 @@ Unable to load DLL sentry-native or one of its dependencies
 - On mobile devices, the SDK no longer throws a `FormatException` when trying to report native events ([#3485](https://github.com/getsentry/sentry-dotnet/pull/3485))
 - Race condition in `SentryMessageHandler` ([#3477](https://github.com/getsentry/sentry-dotnet/pull/3477))
 - Decrease runtime diagnostics circular buffer when profiling, reducing memory usage ([#3491](https://github.com/getsentry/sentry-dotnet/pull/3491))
+- The InstallationId is now resolved only once per application execution and any issues are logged as warnings instead of errors ([#3529](https://github.com/getsentry/sentry-dotnet/pull/3529))
 - DisplayInfo now captured correctly on iOS and Mac Catalyst on non-UI threads ([#3521](https://github.com/getsentry/sentry-dotnet/pull/3521))
 
 ### Dependencies
diff --git a/src/Sentry/InstallationIdHelper.cs b/src/Sentry/Internal/InstallationIdHelper.cs
similarity index 73%
rename from src/Sentry/InstallationIdHelper.cs
rename to src/Sentry/Internal/InstallationIdHelper.cs
index 70b0ff9435..c3159d8d93 100644
--- a/src/Sentry/InstallationIdHelper.cs
+++ b/src/Sentry/Internal/InstallationIdHelper.cs
@@ -1,20 +1,12 @@
 using Sentry.Extensibility;
 using Sentry.Internal.Extensions;
 
-namespace Sentry;
+namespace Sentry.Internal;
 
-internal class InstallationIdHelper
+internal class InstallationIdHelper(SentryOptions options)
 {
     private readonly object _installationIdLock = new();
     private string? _installationId;
-    private readonly SentryOptions _options;
-    private readonly string? _persistenceDirectoryPath;
-
-    public InstallationIdHelper(SentryOptions options)
-    {
-        _options = options;
-        _persistenceDirectoryPath = options.CacheDirectoryPath ?? options.TryGetDsnSpecificCacheDirectoryPath();
-    }
 
     public string? TryGetInstallationId()
     {
@@ -42,11 +34,11 @@ public InstallationIdHelper(SentryOptions options)
 
             if (!string.IsNullOrWhiteSpace(id))
             {
-                _options.LogDebug("Resolved installation ID '{0}'.", id);
+                options.LogDebug("Resolved installation ID '{0}'.", id);
             }
             else
             {
-                _options.LogDebug("Failed to resolve installation ID.");
+                options.LogDebug("Failed to resolve installation ID.");
             }
 
             return _installationId = id;
@@ -57,13 +49,13 @@ public InstallationIdHelper(SentryOptions options)
     {
         try
         {
-            var rootPath = _persistenceDirectoryPath ??
+            var rootPath = options.CacheDirectoryPath ??
                            Environment.GetFolderPath(Environment.SpecialFolder.LocalApplicationData);
-            var directoryPath = Path.Combine(rootPath, "Sentry", _options.Dsn!.GetHashString());
+            var directoryPath = Path.Combine(rootPath, "Sentry", options.Dsn!.GetHashString());
 
             Directory.CreateDirectory(directoryPath);
 
-            _options.LogDebug("Created directory for installation ID file ({0}).", directoryPath);
+            options.LogDebug("Created directory for installation ID file ({0}).", directoryPath);
 
             var filePath = Path.Combine(directoryPath, ".installation");
 
@@ -72,20 +64,20 @@ public InstallationIdHelper(SentryOptions options)
             {
                 return File.ReadAllText(filePath);
             }
-            _options.LogDebug("File containing installation ID does not exist ({0}).", filePath);
+            options.LogDebug("File containing installation ID does not exist ({0}).", filePath);
 
             // Generate new installation ID and store it in a file
             var id = Guid.NewGuid().ToString();
             File.WriteAllText(filePath, id);
 
-            _options.LogDebug("Saved installation ID '{0}' to file '{1}'.", id, filePath);
+            options.LogDebug("Saved installation ID '{0}' to file '{1}'.", id, filePath);
             return id;
         }
         // If there's no write permission or the platform doesn't support this, we handle
         // and let the next installation id strategy kick in
         catch (Exception ex)
         {
-            _options.LogError(ex, "Failed to resolve persistent installation ID.");
+            options.LogError(ex, "Failed to resolve persistent installation ID.");
             return null;
         }
     }
@@ -105,7 +97,7 @@ public InstallationIdHelper(SentryOptions options)
 
             if (string.IsNullOrWhiteSpace(installationId))
             {
-                _options.LogError("Failed to find an appropriate network interface for installation ID.");
+                options.LogError("Failed to find an appropriate network interface for installation ID.");
                 return null;
             }
 
@@ -113,7 +105,7 @@ public InstallationIdHelper(SentryOptions options)
         }
         catch (Exception ex)
         {
-            _options.LogError(ex, "Failed to resolve hardware installation ID.");
+            options.LogError(ex, "Failed to resolve hardware installation ID.");
             return null;
         }
     }
diff --git a/src/Sentry/SentryOptions.cs b/src/Sentry/SentryOptions.cs
index c69cb62acf..d354d253e3 100644
--- a/src/Sentry/SentryOptions.cs
+++ b/src/Sentry/SentryOptions.cs
@@ -41,9 +41,8 @@ public class SentryOptions
     /// </remarks>
     internal IScopeStackContainer? ScopeStackContainer { get; set; }
 
-    private Lazy<string?> LazyInstallationId => new(()
-        => new InstallationIdHelper(this).TryGetInstallationId());
-    internal string? InstallationId => LazyInstallationId.Value;
+    private readonly Lazy<string?> _lazyInstallationId;
+    internal string? InstallationId => _lazyInstallationId.Value;
 
 #if __MOBILE__
     private bool _isGlobalModeEnabled = true;
@@ -1182,6 +1181,7 @@ public bool JsonPreserveReferences
     public SentryOptions()
     {
         SettingLocator = new SettingLocator(this);
+        _lazyInstallationId = new(() => new InstallationIdHelper(this).TryGetInstallationId());
 
         TransactionProcessorsProviders = new() {
             () => TransactionProcessors ?? Enumerable.Empty<ISentryTransactionProcessor>()
diff --git a/test/Sentry.Tests/Internals/InstallationIdHelperTests.cs b/test/Sentry.Tests/Internals/InstallationIdHelperTests.cs
index dbe2c81739..8162aa8ca3 100644
--- a/test/Sentry.Tests/Internals/InstallationIdHelperTests.cs
+++ b/test/Sentry.Tests/Internals/InstallationIdHelperTests.cs
@@ -6,13 +6,13 @@ private class Fixture : IDisposable
     {
         private readonly TempDirectory _cacheDirectory;
 
-        public InMemoryDiagnosticLogger Logger { get; }
+        public IDiagnosticLogger Logger { get; }
 
         public SentryOptions Options { get; }
 
         public Fixture(Action<SentryOptions> configureOptions = null)
         {
-            Logger = new InMemoryDiagnosticLogger();
+            Logger = Substitute.For<IDiagnosticLogger>();
 
             var fileSystem = new FakeFileSystem();
             _cacheDirectory = new TempDirectory(fileSystem);
@@ -40,9 +40,6 @@ public Fixture(Action<SentryOptions> configureOptions = null)
     [Fact]
     public void GetMachineNameInstallationId_Hashed()
     {
-        // Arrange
-        var sut = _fixture.GetSut();
-
         // Act
         var installationId = InstallationIdHelper.GetMachineNameInstallationId();
 
@@ -54,9 +51,6 @@ public void GetMachineNameInstallationId_Hashed()
     [Fact]
     public void GetMachineNameInstallationId_Idempotent()
     {
-        // Arrange
-        var sut = _fixture.GetSut();
-
         // Act
         var installationIds = Enumerable
             .Range(0, 10)
@@ -66,4 +60,29 @@ public void GetMachineNameInstallationId_Idempotent()
         // Assert
         installationIds.Distinct().Should().ContainSingle();
     }
+
+    [Fact]
+    public void TryGetInstallationId_CachesInstallationId()
+    {
+        // Arrange
+        _fixture.Logger.IsEnabled(Arg.Any<SentryLevel>()).Returns(true);
+        var installationIdHelper = _fixture.GetSut();
+
+        // Act
+        var installationId1 = installationIdHelper.TryGetInstallationId();
+
+        // Assert
+        installationId1.Should().NotBeNullOrWhiteSpace();
+        _fixture.Logger.Received(1).Log(SentryLevel.Debug, "Resolved installation ID '{0}'.", null, Arg.Any<string>());
+
+        // Arrange
+        _fixture.Logger.ClearReceivedCalls();
+
+        // Act
+        var installationId2 = installationIdHelper.TryGetInstallationId();
+
+        // Assert
+        installationId2.Should().Be(installationId1);
+        _fixture.Logger.Received(0).Log(SentryLevel.Debug, "Resolved installation ID '{0}'.", null, Arg.Any<string>());
+    }
 }
diff --git a/test/Sentry.Tests/SentryOptionsTests.cs b/test/Sentry.Tests/SentryOptionsTests.cs
index 2c1167a819..1f5789f45d 100644
--- a/test/Sentry.Tests/SentryOptionsTests.cs
+++ b/test/Sentry.Tests/SentryOptionsTests.cs
@@ -738,4 +738,34 @@ public void Integrations_Includes_MajorSystemPrefixes(string expected)
         var sut = new SentryOptions();
         Assert.Contains(sut.InAppExclude!, e => e.ToString() == expected);
     }
+
+    [Fact]
+    public void CachesInstallationId()
+    {
+        // Arrange
+        var logger = Substitute.For<IDiagnosticLogger>();
+        logger.IsEnabled(Arg.Any<SentryLevel>()).Returns(true);
+        var sut = new SentryOptions
+        {
+            Debug = true,
+            DiagnosticLogger = logger
+        };
+
+        // Act
+        var installationId1 = sut.InstallationId;
+
+        // Assert
+        installationId1.Should().NotBeNullOrWhiteSpace();
+        logger.Received(1).Log(SentryLevel.Debug, "Resolved installation ID '{0}'.", null, Arg.Any<string>());
+
+        // Arrange
+        logger.ClearReceivedCalls();
+
+        // Act
+        var installationId2 = sut.InstallationId;
+
+        // Assert
+        installationId2.Should().Be(installationId1);
+        logger.Received(0).Log(SentryLevel.Debug, "Resolved installation ID '{0}'.", null, Arg.Any<string>());
+    }
 }