diff --git a/compiler/packages/babel-plugin-react-compiler/src/ReactiveScopes/CodegenReactiveFunction.ts b/compiler/packages/babel-plugin-react-compiler/src/ReactiveScopes/CodegenReactiveFunction.ts
index 7120e2b29589c..dafd7bc11f53c 100644
--- a/compiler/packages/babel-plugin-react-compiler/src/ReactiveScopes/CodegenReactiveFunction.ts
+++ b/compiler/packages/babel-plugin-react-compiler/src/ReactiveScopes/CodegenReactiveFunction.ts
@@ -81,18 +81,21 @@ export function codegenFunction(
   );
 
   /**
-   * Hot-module reloading reuses component instances at runtime even as the source of the component changes.
+   * Fast Refresh reuses component instances at runtime even as the source of the component changes.
    * The generated code needs to prevent values from one version of the code being reused after a code cange.
    * If HMR detection is enabled and we know the source code of the component, assign a cache slot to track
    * the source hash, and later, emit code to check for source changes and reset the cache on source changes.
    */
-  let hotModuleReloadState: { cacheIndex: number; hash: string } | null = null;
+  let fasthRefreshResetState: {
+    cacheIndex: number;
+    hash: string;
+  } | null = null;
   if (
     fn.env.config.enableResetCacheOnSourceFileChanges &&
     fn.env.code !== null
   ) {
     const hash = createHmac("sha256", fn.env.code).digest("hex");
-    hotModuleReloadState = {
+    fasthRefreshResetState = {
       cacheIndex: cx.nextCacheIndex,
       hash,
     };
@@ -131,7 +134,7 @@ export function codegenFunction(
         ),
       ])
     );
-    if (hotModuleReloadState !== null) {
+    if (fasthRefreshResetState !== null) {
       // HMR detection is enabled, emit code to reset the memo cache on source changes
       const index = cx.synthesizeName("$i");
       preface.push(
@@ -140,10 +143,10 @@ export function codegenFunction(
             "!==",
             t.memberExpression(
               t.identifier(cx.synthesizeName("$")),
-              t.numericLiteral(hotModuleReloadState.cacheIndex),
+              t.numericLiteral(fasthRefreshResetState.cacheIndex),
               true
             ),
-            t.stringLiteral(hotModuleReloadState.hash)
+            t.stringLiteral(fasthRefreshResetState.hash)
           ),
           t.blockStatement([
             t.forStatement(
@@ -185,10 +188,10 @@ export function codegenFunction(
                 "=",
                 t.memberExpression(
                   t.identifier(cx.synthesizeName("$")),
-                  t.numericLiteral(hotModuleReloadState.cacheIndex),
+                  t.numericLiteral(fasthRefreshResetState.cacheIndex),
                   true
                 ),
-                t.stringLiteral(hotModuleReloadState.hash)
+                t.stringLiteral(fasthRefreshResetState.hash)
               )
             ),
           ])
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fast-refresh-dont-refresh-const-changes-prod.expect.md b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fast-refresh-dont-refresh-const-changes-prod.expect.md
new file mode 100644
index 0000000000000..87084a14028c9
--- /dev/null
+++ b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fast-refresh-dont-refresh-const-changes-prod.expect.md
@@ -0,0 +1,104 @@
+
+## Input
+
+```javascript
+// @compilationMode(infer)
+import { useEffect, useMemo, useState } from "react";
+import { ValidateMemoization } from "shared-runtime";
+
+let pretendConst = 0;
+
+function unsafeResetConst() {
+  pretendConst = 0;
+}
+
+function unsafeUpdateConst() {
+  pretendConst += 1;
+}
+
+function Component() {
+  useState(() => {
+    // unsafe: reset the constant when first rendering the instance
+    unsafeResetConst();
+  });
+  // UNSAFE! changing a module variable that is read by a component is normally
+  // unsafe, but in this case we're simulating a fast refresh between each render
+  unsafeUpdateConst();
+
+  // In production mode (no @enableResetCacheOnSourceFileChanges) memo caches are not
+  // reset unless the deps change
+  const value = useMemo(() => [{ pretendConst }], []);
+
+  return <ValidateMemoization inputs={[]} output={value} />;
+}
+
+export const FIXTURE_ENTRYPOINT = {
+  fn: Component,
+  params: [{}],
+  sequentialRenders: [{}, {}],
+};
+
+```
+
+## Code
+
+```javascript
+import { c as _c } from "react/compiler-runtime"; // @compilationMode(infer)
+import { useEffect, useMemo, useState } from "react";
+import { ValidateMemoization } from "shared-runtime";
+
+let pretendConst = 0;
+
+function unsafeResetConst() {
+  pretendConst = 0;
+}
+
+function unsafeUpdateConst() {
+  pretendConst += 1;
+}
+
+function Component() {
+  const $ = _c(3);
+  let t0;
+  if ($[0] === Symbol.for("react.memo_cache_sentinel")) {
+    t0 = () => {
+      unsafeResetConst();
+    };
+    $[0] = t0;
+  } else {
+    t0 = $[0];
+  }
+  useState(t0);
+
+  unsafeUpdateConst();
+  let t1;
+  let t2;
+  if ($[1] === Symbol.for("react.memo_cache_sentinel")) {
+    t2 = [{ pretendConst }];
+    $[1] = t2;
+  } else {
+    t2 = $[1];
+  }
+  t1 = t2;
+  const value = t1;
+  let t3;
+  if ($[2] === Symbol.for("react.memo_cache_sentinel")) {
+    t3 = <ValidateMemoization inputs={[]} output={value} />;
+    $[2] = t3;
+  } else {
+    t3 = $[2];
+  }
+  return t3;
+}
+
+export const FIXTURE_ENTRYPOINT = {
+  fn: Component,
+  params: [{}],
+  sequentialRenders: [{}, {}],
+};
+
+```
+      
+### Eval output
+(kind: ok) <div>{"inputs":[],"output":[{"pretendConst":1}]}</div>
+<div>{"inputs":[],"output":[{"pretendConst":1}]}</div>
\ No newline at end of file
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fast-refresh-dont-refresh-const-changes-prod.js b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fast-refresh-dont-refresh-const-changes-prod.js
new file mode 100644
index 0000000000000..6c4ed19e78cf0
--- /dev/null
+++ b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fast-refresh-dont-refresh-const-changes-prod.js
@@ -0,0 +1,35 @@
+// @compilationMode(infer)
+import { useEffect, useMemo, useState } from "react";
+import { ValidateMemoization } from "shared-runtime";
+
+let pretendConst = 0;
+
+function unsafeResetConst() {
+  pretendConst = 0;
+}
+
+function unsafeUpdateConst() {
+  pretendConst += 1;
+}
+
+function Component() {
+  useState(() => {
+    // unsafe: reset the constant when first rendering the instance
+    unsafeResetConst();
+  });
+  // UNSAFE! changing a module variable that is read by a component is normally
+  // unsafe, but in this case we're simulating a fast refresh between each render
+  unsafeUpdateConst();
+
+  // In production mode (no @enableResetCacheOnSourceFileChanges) memo caches are not
+  // reset unless the deps change
+  const value = useMemo(() => [{ pretendConst }], []);
+
+  return <ValidateMemoization inputs={[]} output={value} />;
+}
+
+export const FIXTURE_ENTRYPOINT = {
+  fn: Component,
+  params: [{}],
+  sequentialRenders: [{}, {}],
+};
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fast-refresh-refresh-on-const-changes-dev.expect.md b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fast-refresh-refresh-on-const-changes-dev.expect.md
new file mode 100644
index 0000000000000..19317de47e2bd
--- /dev/null
+++ b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fast-refresh-refresh-on-const-changes-dev.expect.md
@@ -0,0 +1,112 @@
+
+## Input
+
+```javascript
+// @compilationMode(infer) @enableResetCacheOnSourceFileChanges
+import { useEffect, useMemo, useState } from "react";
+import { ValidateMemoization } from "shared-runtime";
+
+let pretendConst = 0;
+
+function unsafeResetConst() {
+  pretendConst = 0;
+}
+
+function unsafeUpdateConst() {
+  pretendConst += 1;
+}
+
+function Component() {
+  useState(() => {
+    // unsafe: reset the constant when first rendering the instance
+    unsafeResetConst();
+  });
+  // UNSAFE! changing a module variable that is read by a component is normally
+  // unsafe, but in this case we're simulating a fast refresh between each render
+  unsafeUpdateConst();
+
+  // TODO: In fast refresh mode (@enableResetCacheOnSourceFileChanges) Forget should
+  // reset on changes to globals that impact the component/hook, effectively memoizing
+  // as if value was reactive. However, we don't want to actually treat globals as
+  // reactive (though that would be trivial) since it could change compilation too much
+  // btw dev and prod. Instead, we should reset the cache via a secondary mechanism.
+  const value = useMemo(() => [{ pretendConst }], [pretendConst]);
+
+  return <ValidateMemoization inputs={[pretendConst]} output={value} />;
+}
+
+export const FIXTURE_ENTRYPOINT = {
+  fn: Component,
+  params: [{}],
+  sequentialRenders: [{}, {}],
+};
+
+```
+
+## Code
+
+```javascript
+import { c as _c } from "react/compiler-runtime"; // @compilationMode(infer) @enableResetCacheOnSourceFileChanges
+import { useEffect, useMemo, useState } from "react";
+import { ValidateMemoization } from "shared-runtime";
+
+let pretendConst = 0;
+
+function unsafeResetConst() {
+  pretendConst = 0;
+}
+
+function unsafeUpdateConst() {
+  pretendConst += 1;
+}
+
+function Component() {
+  const $ = _c(4);
+  if (
+    $[0] !== "4bf230b116dd95f382060ad17350e116395e41ed757e51fd074ea0b4ed281272"
+  ) {
+    for (let $i = 0; $i < 4; $i += 1) {
+      $[$i] = Symbol.for("react.memo_cache_sentinel");
+    }
+    $[0] = "4bf230b116dd95f382060ad17350e116395e41ed757e51fd074ea0b4ed281272";
+  }
+  let t0;
+  if ($[1] === Symbol.for("react.memo_cache_sentinel")) {
+    t0 = () => {
+      unsafeResetConst();
+    };
+    $[1] = t0;
+  } else {
+    t0 = $[1];
+  }
+  useState(t0);
+
+  unsafeUpdateConst();
+  let t1;
+  let t2;
+  if ($[2] === Symbol.for("react.memo_cache_sentinel")) {
+    t2 = [{ pretendConst }];
+    $[2] = t2;
+  } else {
+    t2 = $[2];
+  }
+  t1 = t2;
+  const value = t1;
+  let t3;
+  if ($[3] === Symbol.for("react.memo_cache_sentinel")) {
+    t3 = <ValidateMemoization inputs={[pretendConst]} output={value} />;
+    $[3] = t3;
+  } else {
+    t3 = $[3];
+  }
+  return t3;
+}
+
+export const FIXTURE_ENTRYPOINT = {
+  fn: Component,
+  params: [{}],
+  sequentialRenders: [{}, {}],
+};
+
+```
+      
\ No newline at end of file
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fast-refresh-refresh-on-const-changes-dev.js b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fast-refresh-refresh-on-const-changes-dev.js
new file mode 100644
index 0000000000000..413ff7d1f97fc
--- /dev/null
+++ b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fast-refresh-refresh-on-const-changes-dev.js
@@ -0,0 +1,38 @@
+// @compilationMode(infer) @enableResetCacheOnSourceFileChanges
+import { useEffect, useMemo, useState } from "react";
+import { ValidateMemoization } from "shared-runtime";
+
+let pretendConst = 0;
+
+function unsafeResetConst() {
+  pretendConst = 0;
+}
+
+function unsafeUpdateConst() {
+  pretendConst += 1;
+}
+
+function Component() {
+  useState(() => {
+    // unsafe: reset the constant when first rendering the instance
+    unsafeResetConst();
+  });
+  // UNSAFE! changing a module variable that is read by a component is normally
+  // unsafe, but in this case we're simulating a fast refresh between each render
+  unsafeUpdateConst();
+
+  // TODO: In fast refresh mode (@enableResetCacheOnSourceFileChanges) Forget should
+  // reset on changes to globals that impact the component/hook, effectively memoizing
+  // as if value was reactive. However, we don't want to actually treat globals as
+  // reactive (though that would be trivial) since it could change compilation too much
+  // btw dev and prod. Instead, we should reset the cache via a secondary mechanism.
+  const value = useMemo(() => [{ pretendConst }], [pretendConst]);
+
+  return <ValidateMemoization inputs={[pretendConst]} output={value} />;
+}
+
+export const FIXTURE_ENTRYPOINT = {
+  fn: Component,
+  params: [{}],
+  sequentialRenders: [{}, {}],
+};
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/hot-module-reloading.expect.md b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fast-refresh-reloading.expect.md
similarity index 100%
rename from compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/hot-module-reloading.expect.md
rename to compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fast-refresh-reloading.expect.md
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/hot-module-reloading.js b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fast-refresh-reloading.js
similarity index 100%
rename from compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/hot-module-reloading.js
rename to compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fast-refresh-reloading.js
diff --git a/compiler/packages/snap/src/SproutTodoFilter.ts b/compiler/packages/snap/src/SproutTodoFilter.ts
index d026cc294318f..1596f4b60adc5 100644
--- a/compiler/packages/snap/src/SproutTodoFilter.ts
+++ b/compiler/packages/snap/src/SproutTodoFilter.ts
@@ -493,6 +493,8 @@ const skipFilter = new Set([
 
   // 'react-compiler-runtime' not yet supported
   "flag-enable-emit-hook-guards",
+
+  "fast-refresh-refresh-on-const-changes-dev",
 ]);
 
 export default skipFilter;