diff --git a/Doc/library/types.rst b/Doc/library/types.rst
index 9e928e6dd3637b0..6616bbc970d95f8 100644
--- a/Doc/library/types.rst
+++ b/Doc/library/types.rst
@@ -358,6 +358,12 @@ Standard names are defined for the following types:
 
       Reify the lazy import and return the "real" object being imported.
 
+      A lazy import is reified at most once.  Repeated calls, and any later
+      access to a name still bound to the proxy, return the object from the
+      first reification, even if the module has since been removed from
+      :data:`sys.modules`.  A reification that raises is not remembered, so
+      the next access retries the import.
+
 
 .. class:: GetSetDescriptorType
 
diff --git a/Include/internal/pycore_lazyimportobject.h b/Include/internal/pycore_lazyimportobject.h
index b81e4211b08ff39..fab368303751409 100644
--- a/Include/internal/pycore_lazyimportobject.h
+++ b/Include/internal/pycore_lazyimportobject.h
@@ -19,6 +19,7 @@ typedef struct {
     PyObject *lz_builtins;
     PyObject *lz_from;
     PyObject *lz_attr;
+    PyObject *lz_resolved;     // Result of the first reification, or NULL.
     // Frame information for the original import location.
     PyCodeObject *lz_code;     // Code object where the lazy import was created.
     int lz_instr_offset;       // Instruction offset where the lazy import was created.
diff --git a/Lib/test/test_lazy_import/__init__.py b/Lib/test/test_lazy_import/__init__.py
index 9147e788d7a81f2..f69c8e2f7a2263c 100644
--- a/Lib/test/test_lazy_import/__init__.py
+++ b/Lib/test/test_lazy_import/__init__.py
@@ -294,6 +294,98 @@ def test_lazy_import_type_attribute_error_message(self):
         """)
         assert_python_ok("-c", code)
 
+    # Setup for the two tests below.  A repeat import is visible both in
+    # ``calls`` and as a different module object.  They read the proxy out of
+    # the module dict because a plain global load would reify it first.
+    _COUNTING_IMPORT = """
+        import builtins
+        import types
+
+        real_import = builtins.__import__
+        calls = []
+        fail_import = False
+
+        lazy import target_module as target
+
+        def counting_import(name, *args, **kwargs):
+            if name != "target_module":
+                return real_import(name, *args, **kwargs)
+            calls.append(name)
+            if fail_import:
+                raise ImportError("no target_module for you")
+            return types.ModuleType(name)
+
+        builtins.__import__ = counting_import
+    """
+
+    def _assert_counting_import_ok(self, body):
+        """Run *body* in a subprocess with the counting __import__ installed."""
+        code = textwrap.dedent(self._COUNTING_IMPORT) + textwrap.dedent(body)
+        return assert_python_ok("-c", code)
+
+    @support.requires_subprocess()
+    def test_proxy_reifies_once_whichever_path_reaches_it(self):
+        """Every reification of one proxy yields the first imported object."""
+        self._assert_counting_import_ok("""
+            def main():
+                proxy = globals()["target"]
+                resolved = proxy.resolve()
+                assert proxy.resolve() is resolved
+                # The global is still bound to the proxy, so loading it reifies.
+                assert target is resolved, (target, resolved)
+                # So does loading a copy of the proxy from another namespace.
+                namespace = {"__builtins__": builtins, "alias": proxy}
+                exec("alias", namespace)
+                assert namespace["alias"] is resolved
+                assert calls == ["target_module"], calls
+
+            main()
+        """)
+
+    @support.requires_subprocess()
+    def test_failed_resolve_is_not_cached(self):
+        """A failed reification is retried rather than remembered."""
+        self._assert_counting_import_ok("""
+            def main():
+                global fail_import
+                fail_import = True
+                proxy = globals()["target"]
+                try:
+                    proxy.resolve()
+                except ImportError:
+                    pass
+                else:
+                    assert False, 'ImportError is not raised'
+                fail_import = False
+                resolved = proxy.resolve()
+                assert proxy.resolve() is resolved
+                assert calls == ["target_module"] * 2, calls
+
+            main()
+        """)
+
+    @support.requires_subprocess()
+    def test_from_import_proxy_remembers_the_attribute(self):
+        """A `lazy from` proxy binds the attribute, not the module."""
+        code = textwrap.dedent("""
+            import sys
+
+            lazy from test.test_lazy_import.data.basic2 import f
+
+            def main():
+                proxy = globals()["f"]
+                resolved = proxy.resolve()
+                module = sys.modules["test.test_lazy_import.data.basic2"]
+                assert resolved is module.f, (resolved, module.f)
+                # Rebinding on the source module does not retarget the proxy,
+                # just as it does not for an eager ``from ... import``.
+                module.f = lambda: None
+                assert proxy.resolve() is resolved
+
+            main()
+        """)
+        assert_python_ok("-c", code)
+
 
 class SyntaxRestrictionTests(LazyImportTestCase):
     """Tests for syntax restrictions on lazy imports."""
diff --git a/Misc/NEWS.d/next/Core_and_Builtins/2026-09-17-10-00-00.gh-issue-152298.Kq3vXt.rst b/Misc/NEWS.d/next/Core_and_Builtins/2026-09-17-10-00-00.gh-issue-152298.Kq3vXt.rst
new file mode 100644
index 000000000000000..5cd91ee525d9f51
--- /dev/null
+++ b/Misc/NEWS.d/next/Core_and_Builtins/2026-09-17-10-00-00.gh-issue-152298.Kq3vXt.rst
@@ -0,0 +1,3 @@
+Reify a lazy import at most once.  Previously
+:meth:`!types.LazyImportType.resolve` followed by a normal access to the
+still-lazy global imported twice and bound two different objects.
diff --git a/Objects/lazyimportobject.c b/Objects/lazyimportobject.c
index 8f7f3f98c291289..4b2cd526a8fc057 100644
--- a/Objects/lazyimportobject.c
+++ b/Objects/lazyimportobject.c
@@ -33,6 +33,7 @@ _PyLazyImport_New(_PyInterpreterFrame *frame, PyObject *builtins, PyObject *name
     m->lz_builtins = Py_XNewRef(builtins);
     m->lz_from = Py_NewRef(name);
     m->lz_attr = Py_XNewRef(fromlist);
+    m->lz_resolved = NULL;
 
     // Capture frame information for the original import location.
     m->lz_code = NULL;
@@ -58,6 +59,7 @@ lazy_import_traverse(PyObject *op, visitproc visit, void *arg)
     Py_VISIT(m->lz_builtins);
     Py_VISIT(m->lz_from);
     Py_VISIT(m->lz_attr);
+    Py_VISIT(m->lz_resolved);
     Py_VISIT(m->lz_code);
     return 0;
 }
@@ -69,6 +71,7 @@ lazy_import_clear(PyObject *op)
     Py_CLEAR(m->lz_builtins);
     Py_CLEAR(m->lz_from);
     Py_CLEAR(m->lz_attr);
+    Py_CLEAR(m->lz_resolved);
     Py_CLEAR(m->lz_code);
     return 0;
 }
diff --git a/Python/import.c b/Python/import.c
index 037f15d4ca2bafa..f430d05a77bb070 100644
--- a/Python/import.c
+++ b/Python/import.c
@@ -3913,6 +3913,13 @@ _PyImport_LoadLazyImportTstate(PyThreadState *tstate, PyObject *lazy_import)
     // Acquire the global import lock to serialize reification
     _PyImport_AcquireLock(interp);
 
+    // Reify only once.  lz_resolved is read and written under the import lock.
+    if (lz->lz_resolved != NULL) {
+        PyObject *resolved = Py_NewRef(lz->lz_resolved);
+        _PyImport_ReleaseLock(interp);
+        return resolved;
+    }
+
     // Check if we are already importing this module, if so, then we want to
     // return an error that indicates we've hit a cycle which will indicate
     // the value isn't yet available.
@@ -4000,6 +4007,10 @@ _PyImport_LoadLazyImportTstate(PyThreadState *tstate, PyObject *lazy_import)
 
     assert(!PyLazyImport_CheckExact(obj));
 
+    // Reentrancy on the same proxy is rejected above as a cycle.
+    assert(lz->lz_resolved == NULL);
+    Py_XSETREF(lz->lz_resolved, Py_NewRef(obj));
+
     goto ok;
 
 error: