diff --git a/homeassistant/bootstrap.py b/homeassistant/bootstrap.py
index 9ba4e99a082..eb3aa3a2239 100644
--- a/homeassistant/bootstrap.py
+++ b/homeassistant/bootstrap.py
@@ -515,16 +515,15 @@ async def async_setup_multi_components(
         )
         for domain in domains
     }
-    await asyncio.wait(futures.values())
-    errors = [domain for domain in domains if futures[domain].exception()]
-    for domain in errors:
-        exception = futures[domain].exception()
-        assert exception is not None
-        _LOGGER.error(
-            "Error setting up integration %s - received exception",
-            domain,
-            exc_info=(type(exception), exception, exception.__traceback__),
-        )
+    results = await asyncio.gather(*futures.values(), return_exceptions=True)
+    for idx, domain in enumerate(futures):
+        result = results[idx]
+        if isinstance(result, BaseException):
+            _LOGGER.error(
+                "Error setting up integration %s - received exception",
+                domain,
+                exc_info=(type(result), result, result.__traceback__),
+            )
 
 
 async def _async_set_up_integrations(
diff --git a/tests/test_bootstrap.py b/tests/test_bootstrap.py
index 9f02d6394e0..cd0d7ef069e 100644
--- a/tests/test_bootstrap.py
+++ b/tests/test_bootstrap.py
@@ -806,3 +806,26 @@ async def test_warning_logged_on_wrap_up_timeout(
         await hass.async_block_till_done()
 
     assert "Setup timed out for bootstrap - moving forward" in caplog.text
+
+
+@pytest.mark.parametrize("load_registries", [False])
+async def test_bootstrap_is_cancellation_safe(
+    hass: HomeAssistant, caplog: pytest.LogCaptureFixture
+) -> None:
+    """Test cancellation during async_setup_component does not cancel bootstrap."""
+    with patch.object(
+        bootstrap, "async_setup_component", side_effect=asyncio.CancelledError
+    ):
+        await bootstrap._async_set_up_integrations(hass, {"cancel_integration": {}})
+        await hass.async_block_till_done()
+
+    assert "Error setting up integration cancel_integration" in caplog.text
+
+
+@pytest.mark.parametrize("load_registries", [False])
+async def test_bootstrap_empty_integrations(
+    hass: HomeAssistant, caplog: pytest.LogCaptureFixture
+) -> None:
+    """Test setting up an empty integrations does not raise."""
+    await bootstrap.async_setup_multi_components(hass, set(), {})
+    await hass.async_block_till_done()