diff --git a/fixtures/flight/src/App.js b/fixtures/flight/src/App.js
index 49bfc9e05135c..69fbb5e0af97d 100644
--- a/fixtures/flight/src/App.js
+++ b/fixtures/flight/src/App.js
@@ -27,7 +27,8 @@ function Foo({children}) {
   return <div>{children}</div>;
 }
 
-function Bar({children}) {
+async function Bar({children}) {
+  await new Promise(resolve => setTimeout(() => resolve('deferred text'), 10));
   return <div>{children}</div>;
 }
 
@@ -81,7 +82,7 @@ export default async function App({prerender}) {
           <Client />
           <Note />
           <Foo>{dedupedChild}</Foo>
-          <Bar>{dedupedChild}</Bar>
+          <Bar>{Promise.resolve([dedupedChild])}</Bar>
         </Container>
       </body>
     </html>
diff --git a/packages/react-client/src/ReactFlightClient.js b/packages/react-client/src/ReactFlightClient.js
index ccb8632289f20..52c7ec73a4c41 100644
--- a/packages/react-client/src/ReactFlightClient.js
+++ b/packages/react-client/src/ReactFlightClient.js
@@ -72,6 +72,7 @@ import {readTemporaryReference} from './ReactFlightTemporaryReferences';
 import {
   markAllTracksInOrder,
   logComponentRender,
+  logDedupedComponentRender,
 } from './ReactFlightPerformanceTrack';
 
 import {
@@ -130,6 +131,7 @@ export type JSONValue =
 type ProfilingResult = {
   track: number,
   endTime: number,
+  component: null | ReactComponentInfo,
 };
 
 const ROW_ID = 0;
@@ -647,7 +649,7 @@ export function reportGlobalError(response: Response, error: Error): void {
   });
   if (enableProfilerTimer && enableComponentPerformanceTrack) {
     markAllTracksInOrder();
-    flushComponentPerformance(getChunk(response, 0), 0, -Infinity);
+    flushComponentPerformance(getChunk(response, 0), 0, -Infinity, -Infinity);
   }
 }
 
@@ -2748,7 +2750,8 @@ function resolveTypedArray(
 function flushComponentPerformance(
   root: SomeChunk<any>,
   trackIdx: number, // Next available track
-  trackTime: number, // The time after which it is available
+  trackTime: number, // The time after which it is available,
+  parentEndTime: number,
 ): ProfilingResult {
   if (!enableProfilerTimer || !enableComponentPerformanceTrack) {
     // eslint-disable-next-line react-internal/prod-error-codes
@@ -2765,6 +2768,22 @@ function flushComponentPerformance(
     // chunk in two places. We should extend the current end time as if it was
     // rendered as part of this tree.
     const previousResult: ProfilingResult = root._children;
+    const previousEndTime = previousResult.endTime;
+    if (
+      parentEndTime > -Infinity &&
+      parentEndTime < previousEndTime &&
+      previousResult.component !== null
+    ) {
+      // Log a placeholder for the deduped value under this child starting
+      // from the end of the self time of the parent and spanning until the
+      // the deduped end.
+      logDedupedComponentRender(
+        previousResult.component,
+        trackIdx,
+        parentEndTime,
+        previousEndTime,
+      );
+    }
     // Since we didn't bump the track this time, we just return the same track.
     previousResult.track = trackIdx;
     return previousResult;
@@ -2792,15 +2811,27 @@ function flushComponentPerformance(
             // The start time of this component is before the end time of the previous
             // component on this track so we need to bump the next one to a parallel track.
             trackIdx++;
-            trackTime = startTime;
           }
+          trackTime = startTime;
           break;
         }
       }
     }
+    for (let i = debugInfo.length - 1; i >= 0; i--) {
+      const info = debugInfo[i];
+      if (typeof info.time === 'number') {
+        if (info.time > parentEndTime) {
+          parentEndTime = info.time;
+        }
+      }
+    }
   }
 
-  const result: ProfilingResult = {track: trackIdx, endTime: -Infinity};
+  const result: ProfilingResult = {
+    track: trackIdx,
+    endTime: -Infinity,
+    component: null,
+  };
   root._children = result;
   let childrenEndTime = -Infinity;
   let childTrackIdx = trackIdx;
@@ -2810,7 +2841,11 @@ function flushComponentPerformance(
       children[i],
       childTrackIdx,
       childTrackTime,
+      parentEndTime,
     );
+    if (childResult.component !== null) {
+      result.component = childResult.component;
+    }
     childTrackIdx = childResult.track;
     const childEndTime = childResult.endTime;
     childTrackTime = childEndTime;
@@ -2842,6 +2877,8 @@ function flushComponentPerformance(
             endTime,
             childrenEndTime,
           );
+          // Track the root most component of the result for deduping logging.
+          result.component = componentInfo;
         }
       }
     }
diff --git a/packages/react-client/src/ReactFlightPerformanceTrack.js b/packages/react-client/src/ReactFlightPerformanceTrack.js
index cf78f7d7de03c..cfd8ca96b3359 100644
--- a/packages/react-client/src/ReactFlightPerformanceTrack.js
+++ b/packages/react-client/src/ReactFlightPerformanceTrack.js
@@ -90,3 +90,19 @@ export function logComponentRender(
     performance.measure(name, reusableComponentOptions);
   }
 }
+
+export function logDedupedComponentRender(
+  componentInfo: ReactComponentInfo,
+  trackIdx: number,
+  startTime: number,
+  endTime: number,
+): void {
+  if (supportsUserTiming && endTime >= 0 && trackIdx < 10) {
+    const name = componentInfo.name;
+    reusableComponentDevToolDetails.color = 'tertiary-light';
+    reusableComponentDevToolDetails.track = trackNames[trackIdx];
+    reusableComponentOptions.start = startTime < 0 ? 0 : startTime;
+    reusableComponentOptions.end = endTime;
+    performance.measure(name + ' [deduped]', reusableComponentOptions);
+  }
+}