diff --git a/esphome/components/waveshare_epaper/waveshare_4_24in.cpp b/esphome/components/waveshare_epaper/waveshare_4_24in.cpp
index 4e2110d3ce..f54b2fb73a 100644
--- a/esphome/components/waveshare_epaper/waveshare_4_24in.cpp
+++ b/esphome/components/waveshare_epaper/waveshare_4_24in.cpp
@@ -10,13 +10,13 @@ static const char *const TAG = "waveshare_epaper_4.26in";
 
 WaveshareEPaper4P26In::WaveshareEPaper4P26In() : WaveshareEPaper() { reset_duration_ = 20; }
 
-void WaveshareEPaper4P26In::init_display_async_(bool fast_update, const std::function<void()> f) {
+void WaveshareEPaper4P26In::init_display_async_(bool fast_update, const std::function<void()> &&f) {
   // Reset the display
   this->reset_();
-  wait_until_idle_async_([this, fast_update, f] {
+  wait_until_idle_async_([this, fast_update, f(std::move(f))] {
     this->command(0x12);  // SWRESET
 
-    wait_until_idle_async_([this, fast_update, f] {
+    wait_until_idle_async_([this, fast_update, f(std::move(f))] {
       // Use the internal temperature sensor
       this->command(0x18);
       this->data(0x80);
@@ -66,7 +66,7 @@ void WaveshareEPaper4P26In::init_display_async_(bool fast_update, const std::fun
       this->data(0x00);
 
       if (fast_update) {
-        this->wait_until_idle_async_([this, f] {
+        this->wait_until_idle_async_([this, f(std::move(f))] {
           this->command(0x1A);
           this->data(0x5A);
 
diff --git a/esphome/components/waveshare_epaper/waveshare_epaper.cpp b/esphome/components/waveshare_epaper/waveshare_epaper.cpp
index ec056713c7..a5bd3d0a54 100644
--- a/esphome/components/waveshare_epaper/waveshare_epaper.cpp
+++ b/esphome/components/waveshare_epaper/waveshare_epaper.cpp
@@ -164,12 +164,12 @@ bool WaveshareEPaperBase::wait_until_idle_() {
   return true;
 }
 
-void WaveshareEPaperBase::wait_until_idle_async_(const std::function<void()> f) {
+void WaveshareEPaperBase::wait_until_idle_async_(const std::function<void()> &&f) {
   if (this->busy_pin_ == nullptr || !this->busy_pin_->digital_read()) {
     return f();
   }
 
-  this->set_timeout(20, [this, f] { this->wait_until_idle_async_(std::move(f)); });
+  this->set_timeout(20, [this, f(std::move(f))] { this->wait_until_idle_async_(std::move(f)); });
 }
 
 void WaveshareEPaperBase::update() {
diff --git a/esphome/components/waveshare_epaper/waveshare_epaper.h b/esphome/components/waveshare_epaper/waveshare_epaper.h
index f4e1f8d434..bca886d2c3 100644
--- a/esphome/components/waveshare_epaper/waveshare_epaper.h
+++ b/esphome/components/waveshare_epaper/waveshare_epaper.h
@@ -36,7 +36,7 @@ class WaveshareEPaperBase : public display::DisplayBuffer,
 
  protected:
   bool wait_until_idle_();
-  void wait_until_idle_async_(const std::function<void()> f);
+  void wait_until_idle_async_(const std::function<void()> &&f);
 
   void setup_pins_();
 
@@ -167,7 +167,7 @@ class WaveshareEPaper4P26In : public WaveshareEPaper {
   void set_full_update_every(uint32_t full_update_every);
 
  protected:
-  void init_display_async_(bool fast_update, const std::function<void()> f);
+  void init_display_async_(bool fast_update, const std::function<void()> &&f);
 
   int get_width_internal() override;
   int get_height_internal() override;