diff --git a/packages/react-dom/src/__tests__/ReactDOMFizzServer-test.js b/packages/react-dom/src/__tests__/ReactDOMFizzServer-test.js
index b988bd72caff..cf3bf02bb5d4 100644
--- a/packages/react-dom/src/__tests__/ReactDOMFizzServer-test.js
+++ b/packages/react-dom/src/__tests__/ReactDOMFizzServer-test.js
@@ -10884,4 +10884,34 @@ Unfortunately that previous paragraph wasn't quite long enough so I'll continue
       </html>,
     );
   });
+
+  // @gate enableCPUSuspense
+  it('outlines deferred Suspense boundaries', async () => {
+    function Log({text}) {
+      Scheduler.log(text);
+      return text;
+    }
+
+    await act(async () => {
+      renderToPipeableStream(
+        <div>
+          <Suspense defer={true} fallback={<Log text="Waiting" />}>
+            <span>{<Log text="hello" />}</span>
+          </Suspense>
+        </div>,
+      ).pipe(writable);
+      await jest.runAllTimers();
+      const temp = document.createElement('body');
+      temp.innerHTML = buffer;
+      expect(getVisibleChildren(temp)).toEqual(<div>Waiting</div>);
+    });
+
+    assertLog(['Waiting', 'hello']);
+
+    expect(getVisibleChildren(container)).toEqual(
+      <div>
+        <span>hello</span>
+      </div>,
+    );
+  });
 });
diff --git a/packages/react-reconciler/src/ReactFiberBeginWork.js b/packages/react-reconciler/src/ReactFiberBeginWork.js
index 7251e52dd610..d9b64e93e767 100644
--- a/packages/react-reconciler/src/ReactFiberBeginWork.js
+++ b/packages/react-reconciler/src/ReactFiberBeginWork.js
@@ -326,6 +326,7 @@ export let didWarnAboutReassigningProps: boolean;
 let didWarnAboutRevealOrder;
 let didWarnAboutTailOptions;
 let didWarnAboutClassNameOnViewTransition;
+let didWarnAboutExpectedLoadTime = false;
 
 if (__DEV__) {
   didWarnAboutBadClass = ({}: {[string]: boolean});
@@ -2459,8 +2460,20 @@ function updateSuspenseComponent(
       return bailoutOffscreenComponent(null, primaryChildFragment);
     } else if (
       enableCPUSuspense &&
-      typeof nextProps.unstable_expectedLoadTime === 'number'
+      (typeof nextProps.unstable_expectedLoadTime === 'number' ||
+        nextProps.defer === true)
     ) {
+      if (__DEV__) {
+        if (typeof nextProps.unstable_expectedLoadTime === 'number') {
+          if (!didWarnAboutExpectedLoadTime) {
+            didWarnAboutExpectedLoadTime = true;
+            console.error(
+              '<Suspense unstable_expectedLoadTime={...}> is deprecated. ' +
+                'Use <Suspense defer={true}> instead.',
+            );
+          }
+        }
+      }
       // This is a CPU-bound tree. Skip this tree and show a placeholder to
       // unblock the surrounding content. Then immediately retry after the
       // initial commit.
diff --git a/packages/react-reconciler/src/__tests__/ReactCPUSuspense-test.js b/packages/react-reconciler/src/__tests__/ReactCPUSuspense-test.js
index 1b1489de33a4..7d4ebadc62d3 100644
--- a/packages/react-reconciler/src/__tests__/ReactCPUSuspense-test.js
+++ b/packages/react-reconciler/src/__tests__/ReactCPUSuspense-test.js
@@ -1,3 +1,5 @@
+/* eslint-disable react/jsx-boolean-value */
+
 let React;
 let ReactNoop;
 let Scheduler;
@@ -11,6 +13,7 @@ let resolveText;
 // let rejectText;
 
 let assertLog;
+let assertConsoleErrorDev;
 let waitForPaint;
 
 describe('ReactSuspenseWithNoopRenderer', () => {
@@ -26,6 +29,7 @@ describe('ReactSuspenseWithNoopRenderer', () => {
 
     const InternalTestUtils = require('internal-test-utils');
     assertLog = InternalTestUtils.assertLog;
+    assertConsoleErrorDev = InternalTestUtils.assertConsoleErrorDev;
     waitForPaint = InternalTestUtils.waitForPaint;
 
     textCache = new Map();
@@ -116,14 +120,14 @@ describe('ReactSuspenseWithNoopRenderer', () => {
   }
 
   // @gate enableCPUSuspense
-  it('skips CPU-bound trees on initial mount', async () => {
+  it('warns for the old name is used', async () => {
     function App() {
       return (
         <>
           <Text text="Outer" />
           <div>
             <Suspense
-              unstable_expectedLoadTime={2000}
+              unstable_expectedLoadTime={1000}
               fallback={<Text text="Loading..." />}>
               <Text text="Inner" />
             </Suspense>
@@ -132,6 +136,49 @@ describe('ReactSuspenseWithNoopRenderer', () => {
       );
     }
 
+    const root = ReactNoop.createRoot();
+    await act(async () => {
+      root.render(<App />);
+      await waitForPaint(['Outer', 'Loading...']);
+      assertConsoleErrorDev([
+        '<Suspense unstable_expectedLoadTime={...}> is deprecated. ' +
+          'Use <Suspense defer={true}> instead.' +
+          '\n    in Suspense (at **)' +
+          '\n    in App (at **)',
+      ]);
+      expect(root).toMatchRenderedOutput(
+        <>
+          Outer
+          <div>Loading...</div>
+        </>,
+      );
+    });
+
+    // Inner contents finish in separate commit from outer
+    assertLog(['Inner']);
+    expect(root).toMatchRenderedOutput(
+      <>
+        Outer
+        <div>Inner</div>
+      </>,
+    );
+  });
+
+  // @gate enableCPUSuspense
+  it('skips CPU-bound trees on initial mount', async () => {
+    function App() {
+      return (
+        <>
+          <Text text="Outer" />
+          <div>
+            <Suspense defer fallback={<Text text="Loading..." />}>
+              <Text text="Inner" />
+            </Suspense>
+          </div>
+        </>
+      );
+    }
+
     const root = ReactNoop.createRoot();
     await act(async () => {
       root.render(<App />);
@@ -164,9 +211,7 @@ describe('ReactSuspenseWithNoopRenderer', () => {
         <>
           <Text text="Outer" />
           <div>
-            <Suspense
-              unstable_expectedLoadTime={2000}
-              fallback={<Text text="Loading..." />}>
+            <Suspense defer fallback={<Text text="Loading..." />}>
               <Text text={`Inner [${count}]`} />
             </Suspense>
           </div>
@@ -209,9 +254,7 @@ describe('ReactSuspenseWithNoopRenderer', () => {
         <>
           <Text text="Outer" />
           <div>
-            <Suspense
-              unstable_expectedLoadTime={2000}
-              fallback={<Text text="Loading..." />}>
+            <Suspense defer fallback={<Text text="Loading..." />}>
               <AsyncText text="Inner" />
             </Suspense>
           </div>
@@ -263,14 +306,10 @@ describe('ReactSuspenseWithNoopRenderer', () => {
         <>
           <Text text="A" />
           <div>
-            <Suspense
-              unstable_expectedLoadTime={2000}
-              fallback={<Text text="Loading B..." />}>
+            <Suspense defer fallback={<Text text="Loading B..." />}>
               <Text text="B" />
               <div>
-                <Suspense
-                  unstable_expectedLoadTime={2000}
-                  fallback={<Text text="Loading C..." />}>
+                <Suspense defer fallback={<Text text="Loading C..." />}>
                   <Text text="C" />
                 </Suspense>
               </div>
diff --git a/packages/react-server/src/ReactFizzServer.js b/packages/react-server/src/ReactFizzServer.js
index 07408d64e881..aef1377cfd0f 100644
--- a/packages/react-server/src/ReactFizzServer.js
+++ b/packages/react-server/src/ReactFizzServer.js
@@ -183,6 +183,7 @@ import {
   enableViewTransition,
   enableFizzBlockingRender,
   enableAsyncDebugInfo,
+  enableCPUSuspense,
 } from 'shared/ReactFeatureFlags';
 
 import assign from 'shared/assign';
@@ -253,6 +254,7 @@ type SuspenseBoundary = {
   row: null | SuspenseListRow, // the row that this boundary blocks from completing.
   completedSegments: Array<Segment>, // completed but not yet flushed segments.
   byteSize: number, // used to determine whether to inline children boundaries.
+  defer: boolean, // never inline deferred boundaries
   fallbackAbortableTasks: Set<Task>, // used to cancel task on the fallback if the boundary completes or gets canceled.
   contentState: HoistableState,
   fallbackState: HoistableState,
@@ -462,7 +464,9 @@ function isEligibleForOutlining(
   // The larger this limit is, the more we can save on preparing fallbacks in case we end up
   // outlining.
   return (
-    (boundary.byteSize > 500 || hasSuspenseyContent(boundary.contentState)) &&
+    (boundary.byteSize > 500 ||
+      hasSuspenseyContent(boundary.contentState) ||
+      boundary.defer) &&
     // For boundaries that can possibly contribute to the preamble we don't want to outline
     // them regardless of their size since the fallbacks should only be emitted if we've
     // errored the boundary.
@@ -798,6 +802,7 @@ function createSuspenseBoundary(
   fallbackAbortableTasks: Set<Task>,
   contentPreamble: null | Preamble,
   fallbackPreamble: null | Preamble,
+  defer: boolean,
 ): SuspenseBoundary {
   const boundary: SuspenseBoundary = {
     status: PENDING,
@@ -807,6 +812,7 @@ function createSuspenseBoundary(
     row: row,
     completedSegments: [],
     byteSize: 0,
+    defer: defer,
     fallbackAbortableTasks,
     errorDigest: null,
     contentState: createHoistableState(),
@@ -1315,6 +1321,7 @@ function renderSuspenseBoundary(
   // in case it ends up generating a large subtree of content.
   const fallback: ReactNodeList = props.fallback;
   const content: ReactNodeList = props.children;
+  const defer: boolean = enableCPUSuspense && props.defer === true;
 
   const fallbackAbortSet: Set<Task> = new Set();
   let newBoundary: SuspenseBoundary;
@@ -1325,6 +1332,7 @@ function renderSuspenseBoundary(
       fallbackAbortSet,
       createPreambleState(),
       createPreambleState(),
+      defer,
     );
   } else {
     newBoundary = createSuspenseBoundary(
@@ -1333,6 +1341,7 @@ function renderSuspenseBoundary(
       fallbackAbortSet,
       null,
       null,
+      defer,
     );
   }
   if (request.trackedPostpones !== null) {
@@ -1368,29 +1377,32 @@ function renderSuspenseBoundary(
   // no parent segment so there's nothing to wait on.
   contentRootSegment.parentFlushed = true;
 
-  if (request.trackedPostpones !== null) {
+  const trackedPostpones = request.trackedPostpones;
+  if (trackedPostpones !== null || defer) {
+    // This is a prerender or deferred boundary. In this mode we want to render the fallback synchronously
+    // and schedule the content to render later. This is the opposite of what we do during a normal render
+    // where we try to skip rendering the fallback if the content itself can render synchronously
+
     // Stash the original stack frame.
     const suspenseComponentStack = task.componentStack;
-    // This is a prerender. In this mode we want to render the fallback synchronously and schedule
-    // the content to render later. This is the opposite of what we do during a normal render
-    // where we try to skip rendering the fallback if the content itself can render synchronously
-    const trackedPostpones = request.trackedPostpones;
 
     const fallbackKeyPath: KeyNode = [
       keyPath[0],
       'Suspense Fallback',
       keyPath[2],
     ];
-    const fallbackReplayNode: ReplayNode = [
-      fallbackKeyPath[1],
-      fallbackKeyPath[2],
-      ([]: Array<ReplayNode>),
-      null,
-    ];
-    trackedPostpones.workingMap.set(fallbackKeyPath, fallbackReplayNode);
-    // We are rendering the fallback before the boundary content so we keep track of
-    // the fallback replay node until we determine if the primary content suspends
-    newBoundary.trackedFallbackNode = fallbackReplayNode;
+    if (trackedPostpones !== null) {
+      const fallbackReplayNode: ReplayNode = [
+        fallbackKeyPath[1],
+        fallbackKeyPath[2],
+        ([]: Array<ReplayNode>),
+        null,
+      ];
+      trackedPostpones.workingMap.set(fallbackKeyPath, fallbackReplayNode);
+      // We are rendering the fallback before the boundary content so we keep track of
+      // the fallback replay node until we determine if the primary content suspends
+      newBoundary.trackedFallbackNode = fallbackReplayNode;
+    }
 
     task.blockedSegment = boundarySegment;
     task.blockedPreamble = newBoundary.fallbackPreamble;
@@ -1639,6 +1651,7 @@ function replaySuspenseBoundary(
 
   const content: ReactNodeList = props.children;
   const fallback: ReactNodeList = props.fallback;
+  const defer: boolean = enableCPUSuspense && props.defer === true;
 
   const fallbackAbortSet: Set<Task> = new Set();
   let resumedBoundary: SuspenseBoundary;
@@ -1649,6 +1662,7 @@ function replaySuspenseBoundary(
       fallbackAbortSet,
       createPreambleState(),
       createPreambleState(),
+      defer,
     );
   } else {
     resumedBoundary = createSuspenseBoundary(
@@ -1657,6 +1671,7 @@ function replaySuspenseBoundary(
       fallbackAbortSet,
       null,
       null,
+      defer,
     );
   }
   resumedBoundary.parentFlushed = true;
@@ -4552,6 +4567,7 @@ function abortRemainingSuspenseBoundary(
     new Set(),
     null,
     null,
+    false,
   );
   resumedBoundary.parentFlushed = true;
   // We restore the same id of this boundary as was used during prerender.
@@ -5759,7 +5775,8 @@ function flushSegment(
     !flushingPartialBoundaries &&
     isEligibleForOutlining(request, boundary) &&
     (flushedByteSize + boundary.byteSize > request.progressiveChunkSize ||
-      hasSuspenseyContent(boundary.contentState))
+      hasSuspenseyContent(boundary.contentState) ||
+      boundary.defer)
   ) {
     // Inlining this boundary would make the current sequence being written too large
     // and block the parent for too long. Instead, it will be emitted separately so that we
diff --git a/packages/shared/ReactTypes.js b/packages/shared/ReactTypes.js
index 0b8d222e5cda..fe36b77ee283 100644
--- a/packages/shared/ReactTypes.js
+++ b/packages/shared/ReactTypes.js
@@ -313,6 +313,7 @@ export type SuspenseProps = {
 
   unstable_avoidThisFallback?: boolean,
   unstable_expectedLoadTime?: number,
+  defer?: boolean,
   name?: string,
 };