diff --git a/.changeset/fix-ssr-rejected-lazy-reaches-errored.md b/.changeset/fix-ssr-rejected-lazy-reaches-errored.md
new file mode 100644
index 000000000..ed4fb9c28
--- /dev/null
+++ b/.changeset/fix-ssr-rejected-lazy-reaches-errored.md
@@ -0,0 +1,5 @@
+---
+"solid-js": patch
+---
+
+Fix rejected SSR `lazy()` so it reaches `<Errored>` instead of stack-overflowing or leaking an unhandled rejection (#2780). `lazy()` hand-rolls its own promise tracking and previously had no rejection handler, so a failed module load left `p.v` undefined forever (the render memo kept throwing `NotReadyError`, i.e. perpetual "loading") and the orphaned rejection escaped as a process-level `unhandledRejection`. The loader now captures the rejection on the lazy and surfaces it through the render memo, and `ctx.block` swallows its duplicate rejection branch — bringing `lazy()` to parity with async memos, whose rejections already propagate to error boundaries. Once the error reaches the boundary, the existing streamed-fragment hydration path renders the fallback as usual.
diff --git a/packages/solid-web/test/server/ssr-stream.spec.tsx b/packages/solid-web/test/server/ssr-stream.spec.tsx
index aec2b23db..8fc7401b4 100644
--- a/packages/solid-web/test/server/ssr-stream.spec.tsx
+++ b/packages/solid-web/test/server/ssr-stream.spec.tsx
@@ -266,6 +266,37 @@ describe("SSR Streaming — Basic Rendering", () => {
     expect(html).not.toContain("tracking scope");
   });
 
+  test("rejected lazy() under Errored serializes the error instead of hanging (#2780)", async () => {
+    const manifest = { "./Boom.tsx": { file: "assets/boom.js" } };
+    const LazyBoom = lazy(
+      () => new Promise<any>((_, rej) => setTimeout(() => rej(new Error("lazy failed")), 10)),
+      "./Boom.tsx"
+    ) as any;
+
+    // Without the rejection capture in lazy(), the failed module load left the
+    // render memo throwing NotReadyError forever (the stream never completes)
+    // and leaked a process-level unhandledRejection. The render now completes,
+    // and — because the boundary's region was already streamed (Loading
+    // placeholder) — the error reaches `<Errored>` and is serialized at its id
+    // for the client to render the fallback via the streamed-fragment path.
+    const html = await renderComplete(
+      () => (
+        <Errored fallback={(e: any) => <span>err: {String(e()?.message || e())}</span>}>
+          <Loading fallback={<span>Pending</span>}>
+            <LazyBoom />
+          </Loading>
+        </Errored>
+      ),
+      { manifest }
+    );
+    const rKeys = [...html.matchAll(/_\$HY\.r\["([^"]+)"\]/g)].map(m => m[1]);
+    // Error captured and serialized at the boundary id, the streamed fragment
+    // settled (rejected), and the shell did not get stuck on the placeholder.
+    expect(html).toContain("lazy failed");
+    expect(rKeys).toContain("0");
+    expect(rKeys).toContain("000_fr");
+  });
+
   test("async memo — shell contains fallback, final has resolved value", async () => {
     function App() {
       const data = createMemo(async () => {
diff --git a/packages/solid/src/server/component.ts b/packages/solid/src/server/component.ts
index d6efd46b3..051d5772d 100644
--- a/packages/solid/src/server/component.ts
+++ b/packages/solid/src/server/component.ts
@@ -80,13 +80,23 @@ export function lazy<T extends Component<any>>(
   fn: () => Promise<{ default: T }>,
   moduleUrl?: string
 ): T & { preload: () => Promise<{ default: T }>; moduleUrl?: string } {
-  let p: Promise<{ default: T }> & { v?: T };
+  let p: Promise<{ default: T }> & { v?: T; error?: unknown };
   let load = () => {
     if (!p) {
       p = fn() as any;
-      p.then(mod => {
-        p.v = mod.default;
-      });
+      p.then(
+        mod => {
+          p.v = mod.default;
+        },
+        err => {
+          // Capture the rejection so the SSR render path can surface it to
+          // `<Errored>` instead of leaving p.v `undefined` forever (which
+          // would keep throwing `NotReadyError` and look like the module is
+          // still loading) and instead of leaking the rejection as a
+          // process-level `unhandledRejection` (#2780).
+          p.error = err;
+        }
+      );
     }
     return p;
   };
@@ -121,13 +131,21 @@ export function lazy<T extends Component<any>>(
     }
     if (ctx?.async) {
       ctx.block(
-        p.then(() => {
-          (p as any).s = "success";
-        })
+        p.then(
+          () => {
+            (p as any).s = "success";
+          },
+          () => {
+            // Rejection is captured on `p.error` by `load()` and surfaced
+            // through the memo below; swallow the rejection of this branch
+            // so `ctx.block` doesn't propagate a second unhandled rejection.
+          }
+        )
       );
     }
     return createMemo(
       () => {
+        if (p.error) throw p.error;
         if (!p.v) throw new NotReadyError(p);
         return p.v(props);
       },