diff --git a/homeassistant/loader.py b/homeassistant/loader.py
index 0d03c4f81eb..33ccd5615a8 100644
--- a/homeassistant/loader.py
+++ b/homeassistant/loader.py
@@ -661,6 +661,7 @@ class Integration:
             self._all_dependencies_resolved = True
             self._all_dependencies = set()
 
+        self._component_future: asyncio.Future[ComponentProtocol] | None = None
         self._import_futures: dict[str, asyncio.Future[ModuleType]] = {}
         _LOGGER.info("Loaded %s from %s", self.domain, pkg_path)
 
@@ -842,34 +843,60 @@ class Integration:
         and will check if import_executor is set and load it in the executor,
         otherwise it will load it in the event loop.
         """
+        if self._component_future:
+            return await self._component_future
+
         if debug := _LOGGER.isEnabledFor(logging.DEBUG):
             start = time.perf_counter()
-        domain = self.domain
+
         # Some integrations fail on import because they call functions incorrectly.
         # So we do it before validating config to catch these errors.
         load_executor = self.import_executor and (
             self.pkg_path not in sys.modules
             or (self.config_flow and f"{self.pkg_path}.config_flow" not in sys.modules)
         )
-        if load_executor:
+        if not load_executor:
+            comp = self.get_component()
+            if debug:
+                _LOGGER.debug(
+                    "Component %s import took %.3f seconds (loaded_executor=False)",
+                    self.domain,
+                    time.perf_counter() - start,
+                )
+            return comp
+
+        self._component_future = self.hass.loop.create_future()
+        try:
             try:
                 comp = await self.hass.async_add_import_executor_job(self.get_component)
             except ImportError as ex:
                 load_executor = False
-                _LOGGER.debug("Failed to import %s in executor", domain, exc_info=ex)
+                _LOGGER.debug(
+                    "Failed to import %s in executor", self.domain, exc_info=ex
+                )
                 # If importing in the executor deadlocks because there is a circular
                 # dependency, we fall back to the event loop.
                 comp = self.get_component()
-        else:
-            comp = self.get_component()
+            self._component_future.set_result(comp)
+        except BaseException as ex:
+            self._component_future.set_exception(ex)
+            with suppress(BaseException):
+                # Set the exception retrieved flag on the future since
+                # it will never be retrieved unless there
+                # are concurrent calls to async_get_component
+                self._component_future.result()
+            raise
+        finally:
+            self._component_future = None
 
         if debug:
             _LOGGER.debug(
                 "Component %s import took %.3f seconds (loaded_executor=%s)",
-                domain,
+                self.domain,
                 time.perf_counter() - start,
                 load_executor,
             )
+
         return comp
 
     def get_component(self) -> ComponentProtocol:
diff --git a/tests/test_loader.py b/tests/test_loader.py
index a70bf7d4e3f..8400adca5c4 100644
--- a/tests/test_loader.py
+++ b/tests/test_loader.py
@@ -2,6 +2,7 @@
 import asyncio
 import os
 import sys
+import threading
 from typing import Any
 from unittest.mock import MagicMock, Mock, patch
 
@@ -1086,8 +1087,8 @@ async def test_async_get_component_loads_loop_if_already_in_sys_modules(
     assert integration.import_executor is True
     assert integration.config_flow is True
 
-    assert "executor_import" not in hass.config.components
-    assert "executor_import.config_flow" not in hass.config.components
+    assert "test_package_loaded_executor" not in hass.config.components
+    assert "test_package_loaded_executor.config_flow" not in hass.config.components
 
     config_flow_module_name = f"{integration.pkg_path}.config_flow"
     module_mock = MagicMock()
@@ -1133,6 +1134,64 @@ async def test_async_get_component_loads_loop_if_already_in_sys_modules(
     assert module is module_mock
 
 
+async def test_async_get_component_concurrent_loads(
+    hass: HomeAssistant,
+    caplog: pytest.LogCaptureFixture,
+    enable_custom_integrations: None,
+) -> None:
+    """Verify async_get_component waits if the first load if called again when still in progress."""
+    integration = await loader.async_get_integration(
+        hass, "test_package_loaded_executor"
+    )
+    assert integration.pkg_path == "custom_components.test_package_loaded_executor"
+    assert integration.import_executor is True
+    assert integration.config_flow is True
+
+    assert "test_package_loaded_executor" not in hass.config.components
+    assert "test_package_loaded_executor.config_flow" not in hass.config.components
+
+    config_flow_module_name = f"{integration.pkg_path}.config_flow"
+    module_mock = MagicMock()
+    config_flow_module_mock = MagicMock()
+    imports = []
+    start_event = threading.Event()
+    import_event = asyncio.Event()
+
+    def import_module(name: str) -> Any:
+        hass.loop.call_soon_threadsafe(import_event.set)
+        imports.append(name)
+        start_event.wait()
+        if name == integration.pkg_path:
+            return module_mock
+        if name == config_flow_module_name:
+            return config_flow_module_mock
+        raise ImportError
+
+    modules_without_integration = {
+        k: v
+        for k, v in sys.modules.items()
+        if k != config_flow_module_name and k != integration.pkg_path
+    }
+    with patch.dict(
+        "sys.modules",
+        {**modules_without_integration},
+        clear=True,
+    ), patch("homeassistant.loader.importlib.import_module", import_module):
+        load_task1 = asyncio.create_task(integration.async_get_component())
+        load_task2 = asyncio.create_task(integration.async_get_component())
+        await import_event.wait()  # make sure the import is started
+        assert not integration._component_future.done()
+        start_event.set()
+        comp1 = await load_task1
+        comp2 = await load_task2
+        assert integration._component_future is None
+
+    assert comp1 is module_mock
+    assert comp2 is module_mock
+
+    assert imports == [integration.pkg_path, config_flow_module_name]
+
+
 async def test_async_get_component_deadlock_fallback(
     hass: HomeAssistant, caplog: pytest.LogCaptureFixture
 ) -> None: