diff --git a/Misc/NEWS.d/next/Core_and_Builtins/2026-08-10-16-57-53.gh-issue-154916.6ozWLF.rst b/Misc/NEWS.d/next/Core_and_Builtins/2026-08-10-16-57-53.gh-issue-154916.6ozWLF.rst
new file mode 100644
index 000000000000000..3e2782c911995a6
--- /dev/null
+++ b/Misc/NEWS.d/next/Core_and_Builtins/2026-08-10-16-57-53.gh-issue-154916.6ozWLF.rst
@@ -0,0 +1,2 @@
+Fix data race when calling :meth:`~object.__reduce__` on a shared :class:`types.GenericAlias` iterator
+under the :term:`free-threaded build`.
diff --git a/Objects/genericaliasobject.c b/Objects/genericaliasobject.c
index 348c7dd6967a397..c24c0e118a802e4 100644
--- a/Objects/genericaliasobject.c
+++ b/Objects/genericaliasobject.c
@@ -992,13 +992,14 @@ ga_iter_reduce(PyObject *self, PyObject *Py_UNUSED(ignored))
 {
     PyObject *iter = _PyEval_GetBuiltin(&_Py_ID(iter));
     gaiterobject *gi = (gaiterobject *)self;
+    PyObject *obj = FT_ATOMIC_LOAD_PTR(gi->obj);
 
     /* _PyEval_GetBuiltin can invoke arbitrary code,
      * call must be before access of iterator pointers.
      * see issue #101765 */
 
-    if (gi->obj)
-        return Py_BuildValue("N(O)", iter, gi->obj);
+    if (obj)
+        return Py_BuildValue("N(O)", iter, obj);
     else
         return Py_BuildValue("N(())", iter);
 }