diff --git a/packages/react-dom/src/__tests__/ReactServerRendering-test.js b/packages/react-dom/src/__tests__/ReactServerRendering-test.js
index 8c68b07a5fe88..d6a86197af6fd 100644
--- a/packages/react-dom/src/__tests__/ReactServerRendering-test.js
+++ b/packages/react-dom/src/__tests__/ReactServerRendering-test.js
@@ -554,6 +554,34 @@ describe('ReactDOMServer', () => {
         ),
       ).not.toThrow();
     });
+
+    it('supports synchronous resolved lazy components', () => {
+      const LazyFoo = React.lazy(() => ({
+        then(resolve) {
+          resolve({
+            default: function Foo({id}) {
+              return <div id={id}>lazy</div>;
+            },
+          });
+        },
+      }));
+
+      expect(ReactDOMServer.renderToString(<LazyFoo id="foo" />)).toEqual(
+        '<div id="foo">lazy</div>',
+      );
+    });
+
+    it('supports synchronous rejected lazy components', () => {
+      const LazyFoo = React.lazy(() => ({
+        then(resolve, reject) {
+          reject(new Error('Bad lazy'));
+        },
+      }));
+
+      expect(() => ReactDOMServer.renderToString(<LazyFoo />)).toThrow(
+        'Bad lazy',
+      );
+    });
   });
 
   describe('renderToNodeStream', () => {
diff --git a/packages/react-dom/src/server/ReactPartialRenderer.js b/packages/react-dom/src/server/ReactPartialRenderer.js
index 756397eec6690..a69fbbe394d1e 100644
--- a/packages/react-dom/src/server/ReactPartialRenderer.js
+++ b/packages/react-dom/src/server/ReactPartialRenderer.js
@@ -9,6 +9,7 @@
 
 import type {ThreadID} from './ReactThreadIDAllocator';
 import type {ReactElement} from 'shared/ReactElementType';
+import type {LazyComponent} from 'shared/ReactLazyComponent';
 import type {ReactProvider, ReactContext} from 'shared/ReactTypes';
 
 import React from 'react';
@@ -19,6 +20,12 @@ import warning from 'shared/warning';
 import warningWithoutStack from 'shared/warningWithoutStack';
 import describeComponentFrame from 'shared/describeComponentFrame';
 import ReactSharedInternals from 'shared/ReactSharedInternals';
+import {
+  Resolved,
+  Rejected,
+  Pending,
+  initializeLazyComponentType,
+} from 'shared/ReactLazyComponent';
 import {
   warnAboutDeprecatedLifecycles,
   disableLegacyContext,
@@ -1226,11 +1233,49 @@ class ReactDOMServerRenderer {
             );
           }
           // eslint-disable-next-line-no-fallthrough
-          case REACT_LAZY_TYPE:
-            invariant(
-              false,
-              'ReactDOMServer does not yet support lazy-loaded components.',
-            );
+          case REACT_LAZY_TYPE: {
+            const element: ReactElement = (nextChild: any);
+            const lazyComponent: LazyComponent<any> = (nextChild: any).type;
+            // Attempt to initialize lazy component regardless of whether the
+            // suspense server-side renderer is enabled so synchronously
+            // resolved constructors are supported.
+            initializeLazyComponentType(lazyComponent);
+            switch (lazyComponent._status) {
+              case Resolved: {
+                const nextChildren = [
+                  React.createElement(
+                    lazyComponent._result,
+                    Object.assign({ref: element.ref}, element.props),
+                  ),
+                ];
+                const frame: Frame = {
+                  type: null,
+                  domNamespace: parentNamespace,
+                  children: nextChildren,
+                  childIndex: 0,
+                  context: context,
+                  footer: '',
+                };
+                if (__DEV__) {
+                  ((frame: any): FrameDev).debugElementStack = [];
+                }
+                this.stack.push(frame);
+                return '';
+              }
+              case Rejected:
+                throw lazyComponent._result;
+              case Pending:
+                if (enableSuspenseServerRenderer) {
+                  throw lazyComponent._result;
+                }
+              // fall through
+              default:
+                invariant(
+                  false,
+                  'ReactDOMServer does not yet support lazy-loaded components.',
+                );
+            }
+          }
         }
       }
 
diff --git a/packages/react-reconciler/src/ReactFiberLazyComponent.js b/packages/react-reconciler/src/ReactFiberLazyComponent.js
index 1db5ecd35cab2..81f601a3ac35f 100644
--- a/packages/react-reconciler/src/ReactFiberLazyComponent.js
+++ b/packages/react-reconciler/src/ReactFiberLazyComponent.js
@@ -7,10 +7,14 @@
  * @flow
  */
 
-import type {LazyComponent, Thenable} from 'shared/ReactLazyComponent';
+import type {LazyComponent} from 'shared/ReactLazyComponent';
 
-import {Resolved, Rejected, Pending} from 'shared/ReactLazyComponent';
-import warning from 'shared/warning';
+import {
+  Resolved,
+  Rejected,
+  Pending,
+  initializeLazyComponentType,
+} from 'shared/ReactLazyComponent';
 
 export function resolveDefaultProps(Component: any, baseProps: Object): Object {
   if (Component && Component.defaultProps) {
@@ -28,60 +32,15 @@ export function resolveDefaultProps(Component: any, baseProps: Object): Object {
 }
 
 export function readLazyComponentType<T>(lazyComponent: LazyComponent<T>): T {
-  const status = lazyComponent._status;
-  const result = lazyComponent._result;
-  switch (status) {
+  initializeLazyComponentType(lazyComponent);
+  switch (lazyComponent._status) {
     case Resolved: {
-      const Component: T = result;
+      const Component: T = lazyComponent._result;
       return Component;
     }
-    case Rejected: {
-      const error: mixed = result;
-      throw error;
-    }
-    case Pending: {
-      const thenable: Thenable<T, mixed> = result;
-      throw thenable;
-    }
-    default: {
-      lazyComponent._status = Pending;
-      const ctor = lazyComponent._ctor;
-      const thenable = ctor();
-      thenable.then(
-        moduleObject => {
-          if (lazyComponent._status === Pending) {
-            const defaultExport = moduleObject.default;
-            if (__DEV__) {
-              if (defaultExport === undefined) {
-                warning(
-                  false,
-                  'lazy: Expected the result of a dynamic import() call. ' +
-                    'Instead received: %s\n\nYour code should look like: \n  ' +
-                    "const MyComponent = lazy(() => import('./MyComponent'))",
-                  moduleObject,
-                );
-              }
-            }
-            lazyComponent._status = Resolved;
-            lazyComponent._result = defaultExport;
-          }
-        },
-        error => {
-          if (lazyComponent._status === Pending) {
-            lazyComponent._status = Rejected;
-            lazyComponent._result = error;
-          }
-        },
-      );
-      // Handle synchronous thenables.
-      switch (lazyComponent._status) {
-        case Resolved:
-          return lazyComponent._result;
-        case Rejected:
-          throw lazyComponent._result;
-      }
-      lazyComponent._result = thenable;
-      throw thenable;
-    }
+    case Rejected:
+    case Pending:
+    default:
+      throw lazyComponent._result;
   }
 }
diff --git a/packages/shared/ReactLazyComponent.js b/packages/shared/ReactLazyComponent.js
index f3042ab11aec4..e5bc8b4a37dff 100644
--- a/packages/shared/ReactLazyComponent.js
+++ b/packages/shared/ReactLazyComponent.js
@@ -7,6 +7,8 @@
  * @flow
  */
 
+import warning from 'shared/warning';
+
 export type Thenable<T, R> = {
   then(resolve: (T) => mixed, reject: (mixed) => mixed): R,
 };
@@ -25,6 +27,7 @@ type ResolvedLazyComponent<T> = {
   _result: any,
 };
 
+export const Uninitialized = -1;
 export const Pending = 0;
 export const Resolved = 1;
 export const Rejected = 2;
@@ -34,3 +37,40 @@ export function refineResolvedLazyComponent<T>(
 ): ResolvedLazyComponent<T> | null {
   return lazyComponent._status === Resolved ? lazyComponent._result : null;
 }
+
+export function initializeLazyComponentType(
+  lazyComponent: LazyComponent<any>,
+): void {
+  if (lazyComponent._status === Uninitialized) {
+    lazyComponent._status = Pending;
+    const ctor = lazyComponent._ctor;
+    const thenable = ctor();
+    lazyComponent._result = thenable;
+    thenable.then(
+      moduleObject => {
+        if (lazyComponent._status === Pending) {
+          const defaultExport = moduleObject.default;
+          if (__DEV__) {
+            if (defaultExport === undefined) {
+              warning(
+                false,
+                'lazy: Expected the result of a dynamic import() call. ' +
+                  'Instead received: %s\n\nYour code should look like: \n  ' +
+                  "const MyComponent = lazy(() => import('./MyComponent'))",
+                moduleObject,
+              );
+            }
+          }
+          lazyComponent._status = Resolved;
+          lazyComponent._result = defaultExport;
+        }
+      },
+      error => {
+        if (lazyComponent._status === Pending) {
+          lazyComponent._status = Rejected;
+          lazyComponent._result = error;
+        }
+      },
+    );
+  }
+}