diff --git a/.changeset/afraid-snakes-help.md b/.changeset/afraid-snakes-help.md
new file mode 100644
index 0000000000..82dc9cdff9
--- /dev/null
+++ b/.changeset/afraid-snakes-help.md
@@ -0,0 +1,5 @@
+---
+'@sitecore-content-sdk/react': patch
+---
+
+Fix `RichText` recreating nested DOM on parent re-renders by memoizing `dangerouslySetInnerHTML`, preserving event listeners on unchanged HTML.
diff --git a/packages/nextjs/test/setup.js b/packages/nextjs/test/setup.js
index 8fc3f218d2..2c661189be 100644
--- a/packages/nextjs/test/setup.js
+++ b/packages/nextjs/test/setup.js
@@ -1,3 +1,24 @@
+const Module = require('module');
+
+// Ensure a single React instance when tests load @sitecore-content-sdk/react.
+// That package may otherwise resolve its own nested react and break hooks (e.g. useMemo).
+const originalResolveFilename = Module._resolveFilename;
+const forcedReactIds = new Set([
+  'react',
+  'react-dom',
+  'react/jsx-runtime',
+  'react/jsx-dev-runtime',
+  'react-dom/client',
+]);
+
+Module._resolveFilename = function (request, parent, isMain, options) {
+  if (forcedReactIds.has(request)) {
+    // Resolve from this package (nextjs) instead of the requiring package's nested copy.
+    return originalResolveFilename.call(this, request, module, isMain, options);
+  }
+  return originalResolveFilename.call(this, request, parent, isMain, options);
+};
+
 require('ts-node/register/transpile-only');
 require('../src/tests/request.ts');
 require('../src/tests/jsdom-setup.ts');
diff --git a/packages/react/src/components/RichText.test.tsx b/packages/react/src/components/RichText.test.tsx
index f671774f33..7d9377c333 100644
--- a/packages/react/src/components/RichText.test.tsx
+++ b/packages/react/src/components/RichText.test.tsx
@@ -55,6 +55,33 @@ describe('<RichText />', () => {
     expect(rendered[0].innerHTML).to.contain(field.value);
   });
 
+  it('should keep the same DOM nodes when re-rendered with unchanged html', () => {
+    const field = {
+      value: '<p>Hello <a id="rt-link" href="/foo">link</a></p>',
+    };
+
+    const Parent = ({ tick }: { tick: number }) => (
+      <div data-tick={tick}>
+        <RichText field={field} />
+      </div>
+    );
+
+    const { container, rerender } = render(<Parent tick={0} />);
+    const linkBefore = container.querySelector('#rt-link') as HTMLAnchorElement & {
+      __marker?: boolean;
+    };
+    expect(linkBefore).to.not.equal(null);
+    linkBefore.__marker = true;
+
+    rerender(<Parent tick={1} />);
+
+    const linkAfter = container.querySelector('#rt-link') as HTMLAnchorElement & {
+      __marker?: boolean;
+    };
+    expect(linkAfter).to.equal(linkBefore);
+    expect(linkAfter.__marker).to.equal(true);
+  });
+
   it('should render tag with a tag provided', () => {
     const field = {
       value: 'value',
diff --git a/packages/react/src/components/RichText.tsx b/packages/react/src/components/RichText.tsx
index c932223c28..c298dba742 100644
--- a/packages/react/src/components/RichText.tsx
+++ b/packages/react/src/components/RichText.tsx
@@ -1,5 +1,5 @@
 'use client';
-import React from 'react';
+import React, { useMemo } from 'react';
 import { isFieldValueEmpty, type RichTextField } from '@sitecore-content-sdk/content/layout';
 import { withFieldMetadata } from '../enhancers/withFieldMetadata';
 import { withEmptyFieldEditingComponent } from '../enhancers/withEmptyFieldEditingComponent';
@@ -24,16 +24,24 @@ export interface RichTextProps extends EditableFieldProps<RichTextProps> {
 }
 
 const RichTextComponent: React.FC<RichTextProps> = ({ field, tag = 'div', ref, ...otherProps }) => {
-  if (isFieldValueEmpty(field)) {
+  const html = field?.value;
+
+  // Keep the object reference stable across re-renders when the html is unchanged,
+  // since React DOM compares dangerouslySetInnerHTML by reference and re-sets
+  // innerHTML (recreating all child DOM nodes) whenever it changes.
+  const dangerouslySetInnerHTML = useMemo(
+    () => (html !== undefined && html !== '' ? { __html: html } : undefined),
+    [html]
+  );
+
+  if (isFieldValueEmpty(field) || !dangerouslySetInnerHTML) {
     return null;
   }
 
   delete otherProps.editable; // prevent editable from being passed to the DOM
 
   const htmlProps = {
-    dangerouslySetInnerHTML: {
-      __html: field.value,
-    },
+    dangerouslySetInnerHTML,
     ref,
     suppressHydrationWarning: field.metadata ? true : undefined,
     ...otherProps,