diff --git a/src/ExportMap.js b/src/ExportMap.js
index e18797a4d7..885801fbbb 100644
--- a/src/ExportMap.js
+++ b/src/ExportMap.js
@@ -346,7 +346,11 @@ ExportMap.for = function (context) {
   exportMap = ExportMap.parse(path, content, context);
 
   // ambiguous modules return null
-  if (exportMap == null) return null;
+  if (exportMap == null) {
+    log('ignored path due to ambiguous parse:', path);
+    exportCache.set(cacheKey, null);
+    return null;
+  }
 
   exportMap.mtime = stats.mtime;
 
diff --git a/tests/files/typescript-declare-module.ts b/tests/files/typescript-declare-module.ts
new file mode 100644
index 0000000000..8a9e304e91
--- /dev/null
+++ b/tests/files/typescript-declare-module.ts
@@ -0,0 +1,3 @@
+declare module "typescript-declare-module-foo" {
+  export const foo: string;
+}
diff --git a/tests/src/core/getExports.js b/tests/src/core/getExports.js
index 867644bc19..dcfa74d835 100644
--- a/tests/src/core/getExports.js
+++ b/tests/src/core/getExports.js
@@ -431,6 +431,19 @@ describe('ExportMap', function () {
           ExportMap.parse('./baz.ts', 'export const baz = 5', differentContext);
           expect(tsConfigLoader.tsConfigLoader.callCount).to.equal(2);
         });
+
+        it('should cache after parsing for an ambiguous module', function () {
+          const source = './typescript-declare-module.ts';
+          const parseSpy = sinon.spy(ExportMap, 'parse');
+      
+          expect(ExportMap.get(source, context)).to.be.null;
+      
+          ExportMap.get(source, context);
+      
+          expect(parseSpy.callCount).to.equal(1);
+      
+          parseSpy.restore();
+        });
       });
     });
   });