diff --git a/Lib/test/test_dict.py b/Lib/test/test_dict.py
index b2f4363b23e748..d37b47a5432826 100644
--- a/Lib/test/test_dict.py
+++ b/Lib/test/test_dict.py
@@ -1902,6 +1902,17 @@ def test_hash(self):
         with self.assertRaisesRegex(TypeError, "unhashable type: 'list'"):
             hash(fd)
 
+    def test_hash_pipe_operator(self):
+        # gh-149676: frozendict created via | must have the same hash as one
+        # created directly with the same contents (ma_hash must be initialised
+        # to -1 so that the hash is computed on first call, not left as garbage)
+        a = frozendict({"a": 1})
+        b = frozendict({"b": 2})
+        c = frozendict({"a": 1, "b": 2})
+        c_union = a | b
+        self.assertEqual(c, c_union)
+        self.assertEqual(hash(c), hash(c_union))
+
     def test_fromkeys(self):
         self.assertEqual(frozendict.fromkeys('abc'),
                          frozendict(a=None, b=None, c=None))
diff --git a/Misc/NEWS.d/next/Core_and_Builtins/2026-05-11-14-48-56.gh-issue-149676.6aTrw1.rst b/Misc/NEWS.d/next/Core_and_Builtins/2026-05-11-14-48-56.gh-issue-149676.6aTrw1.rst
new file mode 100644
index 00000000000000..bb5e83aa8a1b91
--- /dev/null
+++ b/Misc/NEWS.d/next/Core_and_Builtins/2026-05-11-14-48-56.gh-issue-149676.6aTrw1.rst
@@ -0,0 +1 @@
+Fix :class:`frozendict` instances being created with an uninitialised hash value, which could cause incorrect hash lookups or crashes.
diff --git a/Objects/dictobject.c b/Objects/dictobject.c
index 42bc63acd9049c..fea65129dab55a 100644
--- a/Objects/dictobject.c
+++ b/Objects/dictobject.c
@@ -940,7 +940,13 @@ new_frozendict(PyDictKeysObject *keys, PyDictValues *values,
                Py_ssize_t used, int free_values_on_failure)
 {
     PyDictObject *mp = PyObject_GC_New(PyDictObject, &PyFrozenDict_Type);
-    return new_dict_impl(mp, keys, values, used, free_values_on_failure);
+    PyObject *result = new_dict_impl(mp, keys, values, used, free_values_on_failure);
+    if (result != NULL) {
+        /* ma_hash must be -1 (sentinel for "not computed") since PyObject_GC_New
+           does not zero-initialize memory and new_dict_impl does not touch ma_hash. */
+        _PyFrozenDictObject_CAST(result)->ma_hash = -1;
+    }
+    return result;
 }
 
 static PyObject *