diff --git a/compiler/packages/babel-plugin-react-compiler/src/Entrypoint/Program.ts b/compiler/packages/babel-plugin-react-compiler/src/Entrypoint/Program.ts
index 72fa101260df5..4faa35d18f747 100644
--- a/compiler/packages/babel-plugin-react-compiler/src/Entrypoint/Program.ts
+++ b/compiler/packages/babel-plugin-react-compiler/src/Entrypoint/Program.ts
@@ -451,6 +451,12 @@ export function compileProgram(
             pass.code,
           ),
         };
+        if (
+          !compileResult.compiledFn.hasFireRewrite &&
+          !compileResult.compiledFn.hasLoweredContextAccess
+        ) {
+          return null;
+        }
       } catch (err) {
         // TODO: we might want to log error here, but this will also result in duplicate logging
         if (err instanceof CompilerError) {
diff --git a/compiler/packages/babel-plugin-react-compiler/src/ReactiveScopes/CodegenReactiveFunction.ts b/compiler/packages/babel-plugin-react-compiler/src/ReactiveScopes/CodegenReactiveFunction.ts
index f8a2bc4989c12..ce535a9b38667 100644
--- a/compiler/packages/babel-plugin-react-compiler/src/ReactiveScopes/CodegenReactiveFunction.ts
+++ b/compiler/packages/babel-plugin-react-compiler/src/ReactiveScopes/CodegenReactiveFunction.ts
@@ -14,7 +14,7 @@ import {
   renameVariables,
 } from '.';
 import {CompilerError, ErrorSeverity} from '../CompilerError';
-import {Environment, EnvironmentConfig, ExternalFunction} from '../HIR';
+import {Environment, ExternalFunction} from '../HIR';
 import {
   ArrayPattern,
   BlockId,
@@ -156,7 +156,7 @@ export function codegenFunction(
   const compiled = compileResult.unwrap();
 
   const hookGuard = fn.env.config.enableEmitHookGuards;
-  if (hookGuard != null) {
+  if (hookGuard != null && fn.env.isInferredMemoEnabled) {
     compiled.body = t.blockStatement([
       createHookGuard(
         hookGuard,
@@ -250,7 +250,11 @@ export function codegenFunction(
   }
 
   const emitInstrumentForget = fn.env.config.enableEmitInstrumentForget;
-  if (emitInstrumentForget != null && fn.id != null) {
+  if (
+    emitInstrumentForget != null &&
+    fn.id != null &&
+    fn.env.isInferredMemoEnabled
+  ) {
     /*
      * Technically, this is a conditional hook call. However, we expect
      * __DEV__ and gating identifier to be runtime constants
@@ -548,7 +552,7 @@ function codegenBlockNoReset(
 }
 
 function wrapCacheDep(cx: Context, value: t.Expression): t.Expression {
-  if (cx.env.config.enableEmitFreeze != null) {
+  if (cx.env.config.enableEmitFreeze != null && cx.env.isInferredMemoEnabled) {
     // The import declaration for emitFreeze is inserted in the Babel plugin
     return t.conditionalExpression(
       t.identifier('__DEV__'),
@@ -1553,7 +1557,7 @@ function createHookGuard(
  * ```
  */
 function createCallExpression(
-  config: EnvironmentConfig,
+  env: Environment,
   callee: t.Expression,
   args: Array<t.Expression | t.SpreadElement>,
   loc: SourceLocation | null,
@@ -1564,8 +1568,8 @@ function createCallExpression(
     callExpr.loc = loc;
   }
 
-  const hookGuard = config.enableEmitHookGuards;
-  if (hookGuard != null && isHook) {
+  const hookGuard = env.config.enableEmitHookGuards;
+  if (hookGuard != null && isHook && env.isInferredMemoEnabled) {
     const iife = t.functionExpression(
       null,
       [],
@@ -1701,7 +1705,7 @@ function codegenInstructionValue(
       const callee = codegenPlaceToExpression(cx, instrValue.callee);
       const args = instrValue.args.map(arg => codegenArgument(cx, arg));
       value = createCallExpression(
-        cx.env.config,
+        cx.env,
         callee,
         args,
         instrValue.loc,
@@ -1791,7 +1795,7 @@ function codegenInstructionValue(
       );
       const args = instrValue.args.map(arg => codegenArgument(cx, arg));
       value = createCallExpression(
-        cx.env.config,
+        cx.env,
         memberExpr,
         args,
         instrValue.loc,
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/repro-dont-add-hook-guards-on-retry.expect.md b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/repro-dont-add-hook-guards-on-retry.expect.md
new file mode 100644
index 0000000000000..6477654d3d0ea
--- /dev/null
+++ b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/repro-dont-add-hook-guards-on-retry.expect.md
@@ -0,0 +1,27 @@
+
+## Input
+
+```javascript
+// @flow @enableEmitHookGuards @panicThreshold(none) @enableFire
+
+component Foo(useDynamicHook) {
+  useDynamicHook();
+  return <div>hello world</div>;
+}
+
+```
+
+## Code
+
+```javascript
+function Foo({
+  useDynamicHook,
+}: $ReadOnly<{ useDynamicHook: any }>): React.Node {
+  useDynamicHook();
+  return <div>hello world</div>;
+}
+
+```
+      
+### Eval output
+(kind: exception) Fixture not implemented
\ No newline at end of file
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/repro-dont-add-hook-guards-on-retry.js b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/repro-dont-add-hook-guards-on-retry.js
new file mode 100644
index 0000000000000..d0313aa42fdb4
--- /dev/null
+++ b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/repro-dont-add-hook-guards-on-retry.js
@@ -0,0 +1,6 @@
+// @flow @enableEmitHookGuards @panicThreshold(none) @enableFire
+
+component Foo(useDynamicHook) {
+  useDynamicHook();
+  return <div>hello world</div>;
+}
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/transform-fire/repro-dont-add-hook-guards-on-retry.expect.md b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/transform-fire/repro-dont-add-hook-guards-on-retry.expect.md
new file mode 100644
index 0000000000000..5a27845f079e3
--- /dev/null
+++ b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/transform-fire/repro-dont-add-hook-guards-on-retry.expect.md
@@ -0,0 +1,49 @@
+
+## Input
+
+```javascript
+// @flow @enableEmitHookGuards @panicThreshold(none) @enableFire
+import {useEffect, fire} from 'react';
+
+function Component(props, useDynamicHook) {
+  'use memo';
+  useDynamicHook();
+  const foo = props => {
+    console.log(props);
+  };
+  useEffect(() => {
+    fire(foo(props));
+  });
+
+  return <div>hello world</div>;
+}
+
+```
+
+## Code
+
+```javascript
+import { $dispatcherGuard } from "react-compiler-runtime";
+import { useFire } from "react/compiler-runtime";
+import { useEffect, fire } from "react";
+
+function Component(props, useDynamicHook) {
+  "use memo";
+
+  useDynamicHook();
+  const foo = _temp;
+  const t0 = useFire(foo);
+
+  useEffect(() => {
+    t0(props);
+  });
+  return <div>hello world</div>;
+}
+function _temp(props_0) {
+  console.log(props_0);
+}
+
+```
+      
+### Eval output
+(kind: exception) Fixture not implemented
\ No newline at end of file
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/transform-fire/repro-dont-add-hook-guards-on-retry.js b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/transform-fire/repro-dont-add-hook-guards-on-retry.js
new file mode 100644
index 0000000000000..077982e8d48fd
--- /dev/null
+++ b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/transform-fire/repro-dont-add-hook-guards-on-retry.js
@@ -0,0 +1,15 @@
+// @flow @enableEmitHookGuards @panicThreshold(none) @enableFire
+import {useEffect, fire} from 'react';
+
+function Component(props, useDynamicHook) {
+  'use memo';
+  useDynamicHook();
+  const foo = props => {
+    console.log(props);
+  };
+  useEffect(() => {
+    fire(foo(props));
+  });
+
+  return <div>hello world</div>;
+}