diff --git a/src/Stache/Stores/CollectionEntriesStore.php b/src/Stache/Stores/CollectionEntriesStore.php
index 09109f073da..653805701f9 100644
--- a/src/Stache/Stores/CollectionEntriesStore.php
+++ b/src/Stache/Stores/CollectionEntriesStore.php
@@ -2,7 +2,9 @@
 
 namespace Statamic\Stache\Stores;
 
+use Closure;
 use Illuminate\Support\Carbon;
+use Statamic\Entries\Entry as EntryInstance;
 use Statamic\Entries\GetDateFromPath;
 use Statamic\Entries\GetSlugFromPath;
 use Statamic\Entries\GetSuffixFromPath;
@@ -231,9 +233,7 @@ protected function writeItemToDisk($item)
 
     protected function getCachedItem($key)
     {
-        $cacheKey = $this->getItemCacheKey($key);
-
-        if (! $entry = Stache::cacheStore()->get($cacheKey)) {
+        if (! $entry = $this->getEntryLoadedInThisRequest($key) ?? Stache::cacheStore()->get($this->getItemCacheKey($key))) {
             return null;
         }
 
@@ -244,6 +244,32 @@ protected function getCachedItem($key)
         return $entry;
     }
 
+    /**
+     * While indexes are being built, every entry made from its file in this request is
+     * still in memory (makeItemFromFile() blinks it). Hand out a shallow clone of it
+     * rather than unserialising a second full copy from the cache: callers still get
+     * their own object, and its data is only copied if they change it.
+     */
+    private function getEntryLoadedInThisRequest($key): ?EntryInstance
+    {
+        if (! Index::isLoading()) {
+            return null;
+        }
+
+        if (! ($loaded = Blink::store('structure-entries')->get($key)) instanceof EntryInstance) {
+            return null;
+        }
+
+        $entry = clone $loaded;
+
+        // A copy read from the cache doesn't carry these (see Entry::__sleep).
+        Closure::bind(function () {
+            $this->cachedKeys = $this->computedCallbackCache = $this->siteCache = $this->augmentationReferenceKey = null;
+        }, $entry, EntryInstance::class)();
+
+        return $entry;
+    }
+
     public function withoutBlinkingEntryUris($callback)
     {
         $this->shouldBlinkEntryUris = false;
diff --git a/tests/Data/Entries/EntryTest.php b/tests/Data/Entries/EntryTest.php
index 5c277af174f..38c5ca15153 100644
--- a/tests/Data/Entries/EntryTest.php
+++ b/tests/Data/Entries/EntryTest.php
@@ -1562,10 +1562,12 @@ public function it_clears_blink_caches_when_saving()
         $mock->shouldReceive('store')->with('structure-uris')->once()->andReturn(
             $this->mock(\Spatie\Blink\Blink::class)->shouldReceive('forget')->with('a')->once()->getMock()
         );
-        $mock->shouldReceive('store')->with('structure-entries')->twice()->andReturn(
+        $mock->shouldReceive('store')->with('structure-entries')->atLeast()->twice()->andReturn(
             tap($this->mock(\Spatie\Blink\Blink::class), function ($m) {
                 $m->shouldReceive('forget')->with('a')->once();
                 $m->shouldReceive('put')->once();
+                // Indexes loaded during the save may look for entries already in memory.
+                $m->shouldReceive('get')->andReturnNull();
             })
         );
 
diff --git a/tests/Stache/Stores/EntriesStoreTest.php b/tests/Stache/Stores/EntriesStoreTest.php
index 705a70f3c75..3804be37a44 100644
--- a/tests/Stache/Stores/EntriesStoreTest.php
+++ b/tests/Stache/Stores/EntriesStoreTest.php
@@ -7,10 +7,13 @@
 use Mockery;
 use PHPUnit\Framework\Attributes\DataProvider;
 use PHPUnit\Framework\Attributes\Test;
+use ReflectionProperty;
 use Statamic\Contracts\Entries\Entry;
 use Statamic\Facades;
+use Statamic\Facades\Blink;
 use Statamic\Facades\Path;
 use Statamic\Facades\Stache;
+use Statamic\Stache\Indexes\Index;
 use Statamic\Stache\Stores\EntriesStore;
 use Tests\PreventSavingStacheItemsToDisk;
 use Tests\TestCase;
@@ -361,4 +364,68 @@ public function it_ignores_entries_in_a_site_subdirectory_where_the_collection_d
     {
         $this->markTestIncomplete();
     }
+
+    #[Test]
+    public function while_an_index_loads_it_hands_out_a_clone_of_the_entry_built_in_this_request_instead_of_the_cached_copy()
+    {
+        $store = $this->parent->store('blog');
+        $store->paths();
+
+        $inMemory = Blink::store('structure-entries')->get('blog-christmas');
+        $this->putInItemCache($store, 'blog-christmas', (clone $inMemory)->set('title', 'From the cache'));
+
+        $item = $this->whileAnIndexLoads(fn () => $store->getItem('blog-christmas'));
+
+        $this->assertNotSame($inMemory, $item);
+        $this->assertEquals('Christmas', $item->get('title'));
+        $this->assertEquals($inMemory->data()->all(), $item->data()->all());
+    }
+
+    #[Test]
+    public function changing_the_clone_does_not_change_the_entry_in_memory()
+    {
+        $store = $this->parent->store('blog');
+        $store->paths();
+
+        $inMemory = Blink::store('structure-entries')->get('blog-christmas');
+
+        $item = $this->whileAnIndexLoads(fn () => $store->getItem('blog-christmas'));
+        $item->set('title', 'Changed');
+
+        $this->assertEquals('Christmas', $inMemory->get('title'));
+    }
+
+    #[Test]
+    public function outside_of_index_loading_it_still_reads_the_cached_copy()
+    {
+        $store = $this->parent->store('blog');
+        $store->paths();
+
+        $inMemory = Blink::store('structure-entries')->get('blog-christmas');
+        $this->putInItemCache($store, 'blog-christmas', (clone $inMemory)->set('title', 'From the cache'));
+
+        $item = $store->getItem('blog-christmas');
+
+        $this->assertNotSame($inMemory, $item);
+        $this->assertEquals('From the cache', $item->get('title'));
+    }
+
+    private function putInItemCache($store, $key, $item)
+    {
+        $cacheKey = (fn () => $this->getItemCacheKey($key))->call($store);
+
+        Stache::cacheStore()->forever($cacheKey, $item);
+    }
+
+    private function whileAnIndexLoads(callable $callback)
+    {
+        $stack = new ReflectionProperty(Index::class, 'loadingStack');
+        $stack->setValue(null, ['entries::blog/test']);
+
+        try {
+            return $callback();
+        } finally {
+            $stack->setValue(null, []);
+        }
+    }
 }