diff --git a/esphome/components/lvgl/__init__.py b/esphome/components/lvgl/__init__.py
index 7c51d9c70d..ea020435dc 100644
--- a/esphome/components/lvgl/__init__.py
+++ b/esphome/components/lvgl/__init__.py
@@ -266,7 +266,10 @@ async def to_code(config):
         await add_top_layer(config)
         await msgboxes_to_code(config)
         await disp_update(f"{lv_component}->get_disp()", config)
-        Widget.set_completed()
+    # At this point only the setup code should be generated
+    assert LvContext.added_lambda_count == 1
+    Widget.set_completed()
+    async with LvContext(lv_component):
         await generate_triggers(lv_component)
         for conf in config.get(CONF_ON_IDLE, ()):
             templ = await cg.templatable(conf[CONF_TIMEOUT], [], cg.uint32)
diff --git a/esphome/components/lvgl/binary_sensor/__init__.py b/esphome/components/lvgl/binary_sensor/__init__.py
index 8789a06375..56984405aa 100644
--- a/esphome/components/lvgl/binary_sensor/__init__.py
+++ b/esphome/components/lvgl/binary_sensor/__init__.py
@@ -10,7 +10,7 @@ from ..defines import CONF_LVGL_ID, CONF_WIDGET
 from ..lvcode import EVENT_ARG, LambdaContext, LvContext
 from ..schemas import LVGL_SCHEMA
 from ..types import LV_EVENT, lv_pseudo_button_t
-from ..widgets import Widget, get_widgets
+from ..widgets import Widget, get_widgets, wait_for_widgets
 
 CONFIG_SCHEMA = (
     binary_sensor_schema(BinarySensor)
@@ -29,6 +29,7 @@ async def to_code(config):
     widget = await get_widgets(config, CONF_WIDGET)
     widget = widget[0]
     assert isinstance(widget, Widget)
+    await wait_for_widgets()
     async with LambdaContext(EVENT_ARG) as pressed_ctx:
         pressed_ctx.add(sensor.publish_state(widget.is_pressed()))
     async with LvContext(paren) as ctx:
diff --git a/esphome/components/lvgl/light/__init__.py b/esphome/components/lvgl/light/__init__.py
index 27c160dff6..a0eeded349 100644
--- a/esphome/components/lvgl/light/__init__.py
+++ b/esphome/components/lvgl/light/__init__.py
@@ -8,7 +8,7 @@ from ..defines import CONF_LVGL_ID
 from ..lvcode import LvContext
 from ..schemas import LVGL_SCHEMA
 from ..types import LvType, lvgl_ns
-from ..widgets import get_widgets
+from ..widgets import get_widgets, wait_for_widgets
 
 lv_led_t = LvType("lv_led_t")
 LVLight = lvgl_ns.class_("LVLight", LightOutput)
@@ -28,5 +28,6 @@ async def to_code(config):
     paren = await cg.get_variable(config[CONF_LVGL_ID])
     widget = await get_widgets(config, CONF_LED)
     widget = widget[0]
+    await wait_for_widgets()
     async with LvContext(paren) as ctx:
         ctx.add(var.set_obj(widget.obj))
diff --git a/esphome/components/lvgl/lvcode.py b/esphome/components/lvgl/lvcode.py
index 6d7e364e5d..8d029ce0ca 100644
--- a/esphome/components/lvgl/lvcode.py
+++ b/esphome/components/lvgl/lvcode.py
@@ -176,6 +176,8 @@ class LvContext(LambdaContext):
     Code generation into the LVGL initialisation code (called in `setup()`)
     """
 
+    added_lambda_count = 0
+
     def __init__(self, lv_component, args=None):
         self.args = args or LVGL_COMP_ARG
         super().__init__(parameters=self.args)
@@ -183,6 +185,7 @@ class LvContext(LambdaContext):
 
     async def add_init_lambda(self):
         cg.add(self.lv_component.add_init_lambda(await self.get_lambda()))
+        LvContext.added_lambda_count += 1
 
     async def __aexit__(self, exc_type, exc_val, exc_tb):
         await super().__aexit__(exc_type, exc_val, exc_tb)
diff --git a/esphome/components/lvgl/number/__init__.py b/esphome/components/lvgl/number/__init__.py
index 6336bb0632..3e1ede0dec 100644
--- a/esphome/components/lvgl/number/__init__.py
+++ b/esphome/components/lvgl/number/__init__.py
@@ -16,7 +16,7 @@ from ..lvcode import (
 )
 from ..schemas import LVGL_SCHEMA
 from ..types import LV_EVENT, LvNumber, lvgl_ns
-from ..widgets import get_widgets
+from ..widgets import get_widgets, wait_for_widgets
 
 LVGLNumber = lvgl_ns.class_("LVGLNumber", number.Number)
 
@@ -44,6 +44,7 @@ async def to_code(config):
         step=widget.get_step(),
     )
 
+    await wait_for_widgets()
     async with LambdaContext([(cg.float_, "v")]) as control:
         await widget.set_property(
             "value", MockObj("v") * MockObj(widget.get_scale()), config[CONF_ANIMATED]
diff --git a/esphome/components/lvgl/select/__init__.py b/esphome/components/lvgl/select/__init__.py
index b55bde13bc..e77d0cfb32 100644
--- a/esphome/components/lvgl/select/__init__.py
+++ b/esphome/components/lvgl/select/__init__.py
@@ -15,7 +15,7 @@ from ..lvcode import (
 )
 from ..schemas import LVGL_SCHEMA
 from ..types import LV_EVENT, LvSelect, lvgl_ns
-from ..widgets import get_widgets
+from ..widgets import get_widgets, wait_for_widgets
 
 LVGLSelect = lvgl_ns.class_("LVGLSelect", select.Select)
 
@@ -37,6 +37,7 @@ async def to_code(config):
     options = widget.config.get(CONF_OPTIONS, [])
     selector = await select.new_select(config, options=options)
     paren = await cg.get_variable(config[CONF_LVGL_ID])
+    await wait_for_widgets()
     async with LambdaContext(EVENT_ARG) as pub_ctx:
         pub_ctx.add(selector.publish_index(widget.get_value()))
     async with LambdaContext([(cg.uint16, "v")]) as control:
diff --git a/esphome/components/lvgl/sensor/__init__.py b/esphome/components/lvgl/sensor/__init__.py
index 82e21d5e95..a2a2298c27 100644
--- a/esphome/components/lvgl/sensor/__init__.py
+++ b/esphome/components/lvgl/sensor/__init__.py
@@ -14,7 +14,7 @@ from ..lvcode import (
 )
 from ..schemas import LVGL_SCHEMA
 from ..types import LV_EVENT, LvNumber
-from ..widgets import Widget, get_widgets
+from ..widgets import Widget, get_widgets, wait_for_widgets
 
 CONFIG_SCHEMA = (
     sensor_schema(Sensor)
@@ -33,6 +33,7 @@ async def to_code(config):
     widget = await get_widgets(config, CONF_WIDGET)
     widget = widget[0]
     assert isinstance(widget, Widget)
+    await wait_for_widgets()
     async with LambdaContext(EVENT_ARG) as lamb:
         lv_add(sensor.publish_state(widget.get_value()))
     async with LvContext(paren, LVGL_COMP_ARG):
diff --git a/esphome/components/lvgl/switch/__init__.py b/esphome/components/lvgl/switch/__init__.py
index 957fce17ff..f855c2a034 100644
--- a/esphome/components/lvgl/switch/__init__.py
+++ b/esphome/components/lvgl/switch/__init__.py
@@ -16,7 +16,7 @@ from ..lvcode import (
 )
 from ..schemas import LVGL_SCHEMA
 from ..types import LV_EVENT, LV_STATE, lv_pseudo_button_t, lvgl_ns
-from ..widgets import get_widgets
+from ..widgets import get_widgets, wait_for_widgets
 
 LVGLSwitch = lvgl_ns.class_("LVGLSwitch", Switch)
 CONFIG_SCHEMA = (
@@ -35,6 +35,7 @@ async def to_code(config):
     paren = await cg.get_variable(config[CONF_LVGL_ID])
     widget = await get_widgets(config, CONF_WIDGET)
     widget = widget[0]
+    await wait_for_widgets()
     async with LambdaContext(EVENT_ARG) as checked_ctx:
         checked_ctx.add(switch.publish_state(widget.get_value()))
     async with LambdaContext([(cg.bool_, "v")]) as control:
diff --git a/esphome/components/lvgl/text/__init__.py b/esphome/components/lvgl/text/__init__.py
index 9ee494d8a0..56fa42e131 100644
--- a/esphome/components/lvgl/text/__init__.py
+++ b/esphome/components/lvgl/text/__init__.py
@@ -15,7 +15,7 @@ from ..lvcode import (
 )
 from ..schemas import LVGL_SCHEMA
 from ..types import LV_EVENT, LvText, lvgl_ns
-from ..widgets import get_widgets
+from ..widgets import get_widgets, wait_for_widgets
 
 LVGLText = lvgl_ns.class_("LVGLText", text.Text)
 
@@ -32,6 +32,7 @@ async def to_code(config):
     paren = await cg.get_variable(config[CONF_LVGL_ID])
     widget = await get_widgets(config, CONF_WIDGET)
     widget = widget[0]
+    await wait_for_widgets()
     async with LambdaContext([(cg.std_string, "text_value")]) as control:
         await widget.set_property("text", "text_value.c_str())")
         lv.event_send(widget.obj, API_EVENT, None)
diff --git a/esphome/components/lvgl/text_sensor/__init__.py b/esphome/components/lvgl/text_sensor/__init__.py
index cab715dce0..ae39eec291 100644
--- a/esphome/components/lvgl/text_sensor/__init__.py
+++ b/esphome/components/lvgl/text_sensor/__init__.py
@@ -10,7 +10,7 @@ from ..defines import CONF_LVGL_ID, CONF_WIDGET
 from ..lvcode import API_EVENT, EVENT_ARG, UPDATE_EVENT, LambdaContext, LvContext
 from ..schemas import LVGL_SCHEMA
 from ..types import LV_EVENT, LvText
-from ..widgets import get_widgets
+from ..widgets import get_widgets, wait_for_widgets
 
 CONFIG_SCHEMA = (
     text_sensor_schema(TextSensor)
@@ -28,6 +28,7 @@ async def to_code(config):
     paren = await cg.get_variable(config[CONF_LVGL_ID])
     widget = await get_widgets(config, CONF_WIDGET)
     widget = widget[0]
+    await wait_for_widgets()
     async with LambdaContext(EVENT_ARG) as pressed_ctx:
         pressed_ctx.add(sensor.publish_state(widget.get_value()))
     async with LvContext(paren) as ctx:
diff --git a/esphome/components/lvgl/widgets/__init__.py b/esphome/components/lvgl/widgets/__init__.py
index 50da6e131d..17d73c1714 100644
--- a/esphome/components/lvgl/widgets/__init__.py
+++ b/esphome/components/lvgl/widgets/__init__.py
@@ -1,4 +1,3 @@
-import asyncio
 import sys
 from typing import Any, Union
 
@@ -224,9 +223,17 @@ async def get_widget_(wid: Widget):
     return await FakeAwaitable(get_widget_generator(wid))
 
 
+def widgets_wait_generator():
+    while True:
+        if Widget.widgets_completed:
+            return
+        yield
+
+
 async def wait_for_widgets():
-    while not Widget.widgets_completed:
-        await asyncio.sleep(0)
+    if Widget.widgets_completed:
+        return
+    await FakeAwaitable(widgets_wait_generator())
 
 
 async def get_widgets(config: Union[dict, list], id: str = CONF_ID) -> list[Widget]: