diff --git a/CHANGELOG.md b/CHANGELOG.md
index 62e2923c50..fd94b4959e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -71,6 +71,8 @@ Main (unreleased)
 
 - Fixed an issue where `loki.process` would sometimes output live debugging entries out-of-order (@thampiotr)
 
+- Fixed a bug where components could be evaluated concurrently without the full context during a config reload (@wildum)
+
 ### Other changes
 
 - Upgrading to Prometheus v2.54.1. (@ptodev)
diff --git a/internal/runtime/alloy_test.go b/internal/runtime/alloy_test.go
index 7eb849746f..01d3d497d4 100644
--- a/internal/runtime/alloy_test.go
+++ b/internal/runtime/alloy_test.go
@@ -1,11 +1,14 @@
 package runtime
 
 import (
+	"bytes"
 	"context"
 	"os"
 	"path/filepath"
+	"strings"
 	"testing"
 
+	"github.com/go-kit/log"
 	"github.com/stretchr/testify/require"
 	"go.uber.org/goleak"
 
@@ -123,6 +126,60 @@ func TestController_LoadSource_WithModulePathWithoutFileExtension_Evaluation(t *
 	require.Equal(t, filepath.Join("tmp_modulePath_test", "test"), out.(testcomponents.PassthroughExports).Output)
 }
 
+// This test reloads the config a few times and checks that Alloy does not log errors.
+// The ticker has a very small frequency to put pressure on the concurrent evaluations happening
+// in the runtime while the loader is concurrently reloading the config.
+func TestController_ReloadLoaderNoErrorLog(t *testing.T) {
+	defer verifyNoGoroutineLeaks(t)
+	ctrl := New(testOptions(t))
+
+	var testFileFastTick = `
+	testcomponents.tick "ticker" {
+		frequency = "10ns"
+	}
+
+	testcomponents.passthrough "static" {
+		input = "hello, world!"
+	}
+
+	testcomponents.passthrough "ticker" {
+		input = testcomponents.tick.ticker.tick_time
+	}
+
+	testcomponents.passthrough "forwarded" {
+		input = testcomponents.passthrough.ticker.output
+	}
+`
+	var logsBuffer bytes.Buffer
+	syncBuff := log.NewSyncWriter(&logsBuffer)
+	ctrl.log.SetTemporaryWriter(syncBuff)
+
+	f, err := ParseSource(t.Name(), []byte(testFileFastTick))
+	require.NoError(t, err)
+	require.NotNil(t, f)
+
+	err = ctrl.LoadSource(f, nil, "")
+	require.NoError(t, err)
+	require.Len(t, ctrl.loader.Components(), 4)
+
+	ctx, cancel := context.WithCancel(context.Background())
+	done := make(chan struct{})
+	go func() {
+		ctrl.Run(ctx)
+		close(done)
+	}()
+
+	for i := 0; i < 5; i++ {
+		err = ctrl.LoadSource(f, nil, "")
+		require.NoError(t, err)
+	}
+
+	cancel()
+	<-done
+
+	require.False(t, strings.Contains(logsBuffer.String(), "level=error"))
+}
+
 func getFields(t *testing.T, g *dag.Graph, nodeID string) (component.Arguments, component.Exports) {
 	t.Helper()
 
diff --git a/internal/runtime/internal/controller/loader.go b/internal/runtime/internal/controller/loader.go
index 455c8a32f8..065bfdc223 100644
--- a/internal/runtime/internal/controller/loader.go
+++ b/internal/runtime/internal/controller/loader.go
@@ -826,10 +826,10 @@ func (l *Loader) concurrentEvalFn(n dag.Node, spanCtx context.Context, tracer tr
 	var err error
 	switch n := n.(type) {
 	case BlockNode:
-		ectx := l.cache.GetContext()
 
 		// RLock before evaluate to prevent Evaluating while the config is being reloaded
 		l.mut.RLock()
+		ectx := l.cache.GetContext()
 		evalErr := n.Evaluate(ectx)
 
 		err = l.postEvaluate(l.log, n, evalErr)
@@ -842,12 +842,12 @@ func (l *Loader) concurrentEvalFn(n dag.Node, spanCtx context.Context, tracer tr
 			// Upgrade to write lock to update the module exports.
 			l.mut.RUnlock()
 			l.mut.Lock()
-			defer l.mut.Unlock()
 			// Check if the update still needed after obtaining the write lock and perform it.
 			if l.cache.ExportChangeIndex() != l.moduleExportIndex {
 				l.globals.OnExportsChange(l.cache.CreateModuleExports())
 				l.moduleExportIndex = l.cache.ExportChangeIndex()
 			}
+			l.mut.Unlock()
 		} else {
 			// No need to upgrade to write lock, just release the read lock.
 			l.mut.RUnlock()