diff --git a/react/components/LazyRender.test.tsx b/react/components/LazyRender.test.tsx
new file mode 100644
index 00000000..376f5afa
--- /dev/null
+++ b/react/components/LazyRender.test.tsx
@@ -0,0 +1,253 @@
+import React from 'react'
+import { act, cleanup, render, wait } from '@vtex/test-tools/react'
+import 'jest-dom/extend-expect'
+
+import LazyRender from './LazyRender'
+
+// ---------------------------------------------------------------------------
+// Helpers
+// ---------------------------------------------------------------------------
+
+/** Fires an IntersectionObserver callback simulating the element coming into view.
+ * Always uses the most recently created observer instance.
+ */
+const triggerIntersection = (isIntersecting: boolean) => {
+  const instances = (window.IntersectionObserver as any).mock.instances
+  const calls = (window.IntersectionObserver as any).mock.calls
+  const lastIndex = instances.length - 1
+  const observer = instances[lastIndex]
+  const callback = calls[lastIndex][0]
+  callback(
+    [{ isIntersecting, intersectionRatio: isIntersecting ? 1 : 0 }],
+    observer
+  )
+}
+
+/** Dispatches the asyncScriptsReady custom event on window. */
+const dispatchAsyncScriptsReady = () => {
+  window.__ASYNC_SCRIPTS_READY__ = true
+  window.dispatchEvent(new CustomEvent('asyncScriptsReady'))
+}
+
+// ---------------------------------------------------------------------------
+// Mocks
+// ---------------------------------------------------------------------------
+
+const mockObserve = jest.fn()
+const mockUnobserve = jest.fn()
+const mockDisconnect = jest.fn()
+
+const IntersectionObserverMock = jest.fn().mockImplementation((cb) => ({
+  observe: mockObserve,
+  unobserve: mockUnobserve,
+  disconnect: mockDisconnect,
+  _cb: cb,
+}))
+
+beforeAll(() => {
+  ;(window as any).IntersectionObserver = IntersectionObserverMock
+  // Simulate scroll > 0 so initializeOnInteraction triggers immediately
+  Object.defineProperty(window, 'scrollY', { writable: true, value: 100 })
+})
+
+afterEach(() => {
+  cleanup()
+  jest.clearAllMocks()
+  delete (window as any).__ASYNC_SCRIPTS_READY__
+  // Reset scrollY
+  ;(window as any).scrollY = 100
+})
+
+// ---------------------------------------------------------------------------
+// Tests: async mode OFF (__ASYNC_SCRIPTS_READY__ === undefined)
+// ---------------------------------------------------------------------------
+
+describe('when async scripts mode is OFF (__ASYNC_SCRIPTS_READY__ is undefined)', () => {
+  beforeEach(() => {
+    // Simulate a store without enableAsyncScripts: the global is never set
+    delete (window as any).__ASYNC_SCRIPTS_READY__
+  })
+
+  it('registers the IntersectionObserver immediately (no waiting)', () => {
+    render(
+      <LazyRender>
+        <div data-testid="child">content</div>
+      </LazyRender>
+    )
+
+    expect(mockObserve).toHaveBeenCalledTimes(1)
+  })
+
+  it('renders children once the element enters the viewport', () => {
+    const { queryByTestId } = render(
+      <LazyRender>
+        <div data-testid="child">content</div>
+      </LazyRender>
+    )
+
+    expect(queryByTestId('child')).toBeNull()
+
+    act(() => {
+      triggerIntersection(true)
+    })
+
+    expect(queryByTestId('child')).toBeInTheDocument()
+  })
+})
+
+// ---------------------------------------------------------------------------
+// Tests: async mode ON, bundles already done (__ASYNC_SCRIPTS_READY__ === true)
+// ---------------------------------------------------------------------------
+
+describe('when async scripts mode is ON and all bundles already ran', () => {
+  beforeEach(() => {
+    ;(window as any).__ASYNC_SCRIPTS_READY__ = true
+  })
+
+  it('registers the IntersectionObserver immediately (no waiting needed)', () => {
+    render(
+      <LazyRender>
+        <div data-testid="child">content</div>
+      </LazyRender>
+    )
+
+    expect(mockObserve).toHaveBeenCalledTimes(1)
+  })
+
+  it('renders children once the element enters the viewport', () => {
+    const { queryByTestId } = render(
+      <LazyRender>
+        <div data-testid="child">content</div>
+      </LazyRender>
+    )
+
+    expect(queryByTestId('child')).toBeNull()
+
+    act(() => {
+      triggerIntersection(true)
+    })
+
+    expect(queryByTestId('child')).toBeInTheDocument()
+  })
+})
+
+// ---------------------------------------------------------------------------
+// Tests: async mode ON, bundles still pending (__ASYNC_SCRIPTS_READY__ === false)
+// ---------------------------------------------------------------------------
+
+describe('when async scripts mode is ON and bundles are still pending', () => {
+  beforeEach(() => {
+    ;(window as any).__ASYNC_SCRIPTS_READY__ = false
+  })
+
+  it('does NOT register the IntersectionObserver while bundles are pending', () => {
+    render(
+      <LazyRender>
+        <div data-testid="child">content</div>
+      </LazyRender>
+    )
+
+    expect(mockObserve).not.toHaveBeenCalled()
+  })
+
+  it('does NOT render children even if intersection fires while bundles are pending', () => {
+    const { queryByTestId } = render(
+      <LazyRender>
+        <div data-testid="child">content</div>
+      </LazyRender>
+    )
+
+    // No observer registered, so intersection cannot fire — children stay hidden
+    expect(mockObserve).not.toHaveBeenCalled()
+    expect(queryByTestId('child')).toBeNull()
+  })
+
+  it('registers the IntersectionObserver after asyncScriptsReady fires', async () => {
+    render(
+      <LazyRender>
+        <div data-testid="child">content</div>
+      </LazyRender>
+    )
+
+    expect(mockObserve).not.toHaveBeenCalled()
+
+    act(() => {
+      dispatchAsyncScriptsReady()
+    })
+
+    // wait() polls until the assertion passes, handling deferred React effects
+    // triggered by native DOM events that act() may not flush synchronously.
+    await wait(() => expect(mockObserve).toHaveBeenCalledTimes(1))
+  })
+
+  it('renders children after asyncScriptsReady fires AND element enters viewport', async () => {
+    const { queryByTestId } = render(
+      <LazyRender>
+        <div data-testid="child">content</div>
+      </LazyRender>
+    )
+
+    expect(queryByTestId('child')).toBeNull()
+
+    // Step 1: bundles finish — observer registered once effects flush
+    act(() => {
+      dispatchAsyncScriptsReady()
+    })
+    await wait(() => expect(mockObserve).toHaveBeenCalledTimes(1))
+
+    expect(queryByTestId('child')).toBeNull()
+
+    // Step 2: element enters viewport
+    act(() => {
+      triggerIntersection(true)
+    })
+
+    expect(queryByTestId('child')).toBeInTheDocument()
+  })
+
+  it('does not crash if asyncScriptsReady fires multiple times', async () => {
+    const { queryByTestId } = render(
+      <LazyRender>
+        <div data-testid="child">content</div>
+      </LazyRender>
+    )
+
+    // First event: sets asyncReady=true, listener then removed by cleanup
+    act(() => {
+      dispatchAsyncScriptsReady()
+    })
+    await wait(() => expect(mockObserve).toHaveBeenCalledTimes(1))
+
+    // Second event: listener is already gone, no new observer is created
+    act(() => {
+      dispatchAsyncScriptsReady()
+    })
+
+    act(() => {
+      triggerIntersection(true)
+    })
+
+    expect(queryByTestId('child')).toBeInTheDocument()
+    // Observer registered exactly once despite multiple events
+    expect(mockObserve).toHaveBeenCalledTimes(1)
+  })
+
+  it('cleans up the asyncScriptsReady listener on unmount', () => {
+    const removeEventListenerSpy = jest.spyOn(window, 'removeEventListener')
+
+    const { unmount } = render(
+      <LazyRender>
+        <div>content</div>
+      </LazyRender>
+    )
+
+    unmount()
+
+    expect(removeEventListenerSpy).toHaveBeenCalledWith(
+      'asyncScriptsReady',
+      expect.any(Function)
+    )
+
+    removeEventListenerSpy.mockRestore()
+  })
+})
diff --git a/react/components/LazyRender.tsx b/react/components/LazyRender.tsx
index da30ec29..af47266d 100644
--- a/react/components/LazyRender.tsx
+++ b/react/components/LazyRender.tsx
@@ -1,4 +1,4 @@
-import React, { FunctionComponent, useRef, useState } from 'react'
+import React, { FunctionComponent, useEffect, useRef, useState } from 'react'
 import { useOnView } from '../hooks/viewDetection'
 
 interface Props {
@@ -15,6 +15,33 @@ const LazyRender: FunctionComponent<Props> = ({
   const ref = useRef(null)
   const [hasBeenViewed, setHasBeenViewed] = useState(false)
 
+  // When enableAsyncScripts is active, window.__ASYNC_SCRIPTS_READY__ starts as
+  // false and flips to true (dispatching "asyncScriptsReady") only after every
+  // bundle in the async queue has run. If we let the IntersectionObserver fire
+  // while bundles are still executing, lazy components may try to require()
+  // modules whose webpack chunk hasn't been registered yet, causing
+  // "Object(...) is not a function" / React error #130.
+  const [asyncReady, setAsyncReady] = useState(() => {
+    if (typeof window === 'undefined') return true
+    if (typeof window.__ASYNC_SCRIPTS_READY__ === 'undefined') return true
+    return window.__ASYNC_SCRIPTS_READY__ === true
+  })
+
+  useEffect(() => {
+    if (asyncReady) return
+
+    const onReady = () => setAsyncReady(true)
+
+    window.addEventListener('asyncScriptsReady', onReady)
+
+    // Guard against the event having fired between the render and this effect
+    if (window.__ASYNC_SCRIPTS_READY__) {
+      setAsyncReady(true)
+    }
+
+    return () => window.removeEventListener('asyncScriptsReady', onReady)
+  }, [asyncReady])
+
   useOnView({
     ref,
     onView: () => {
@@ -22,6 +49,7 @@ const LazyRender: FunctionComponent<Props> = ({
     },
     once: true,
     initializeOnInteraction: true,
+    bailOut: !asyncReady,
   })
 
   if (hasBeenViewed) {