diff --git a/tests/model_hub_tests/models_hub_common/utils.py b/tests/model_hub_tests/models_hub_common/utils.py
index 3df17a343dd05b..6dac33640162de 100644
--- a/tests/model_hub_tests/models_hub_common/utils.py
+++ b/tests/model_hub_tests/models_hub_common/utils.py
@@ -148,7 +148,7 @@ def print_stat(s: str, value: float):
     print(s.format(round_num(value)))
 
 
-def retry(max_retries=3, exceptions=(Exception,)):
+def retry(max_retries=3, exceptions=(Exception,), delay=None):
     def retry_decorator(func):
         @functools.wraps(func)
         def wrapper(*args, **kwargs):
@@ -157,7 +157,9 @@ def wrapper(*args, **kwargs):
                     return func(*args, **kwargs)
                 except exceptions as e:
                     print(f"Attempt {attempt + 1} of {max_retries} failed: {e}")
-                    if attempt == max_retries - 1:
+                    if attempt < max_retries - 1 and delay is not None:
+                        time.sleep(delay)
+                    else:
                         raise e
         return wrapper
     return retry_decorator
diff --git a/tests/model_hub_tests/pytorch/test_hf_transformers.py b/tests/model_hub_tests/pytorch/test_hf_transformers.py
index 52532ccd6b2c74..5e3f19ad945399 100644
--- a/tests/model_hub_tests/pytorch/test_hf_transformers.py
+++ b/tests/model_hub_tests/pytorch/test_hf_transformers.py
@@ -102,7 +102,7 @@ def setup_class(self):
         self.image = Image.open(requests.get(url, stream=True).raw)
         self.cuda_available, self.gptq_postinit = None, None
 
-    @retry(3, exceptions=(HfHubHTTPError,))
+    @retry(3, exceptions=(HfHubHTTPError,), delay=1)
     def load_model(self, name, type):
         name_suffix = ''
         if name.find(':') != -1: