diff --git a/packages/react-reconciler/src/__tests__/ReactSuspense-test.internal.js b/packages/react-reconciler/src/__tests__/ReactSuspense-test.internal.js
index ecb99d9ab44..0827816b2b6 100644
--- a/packages/react-reconciler/src/__tests__/ReactSuspense-test.internal.js
+++ b/packages/react-reconciler/src/__tests__/ReactSuspense-test.internal.js
@@ -6,6 +6,7 @@ let SimpleCacheProvider;
 let Placeholder;
 let StrictMode;
 let AsyncMode;
+let lazy;
 
 let cache;
 let TextResource;
@@ -25,6 +26,7 @@ describe('ReactSuspense', () => {
     Placeholder = React.Placeholder;
     StrictMode = React.StrictMode;
     AsyncMode = React.unstable_AsyncMode;
+    lazy = React.lazy;
 
     function invalidateCache() {
       cache = SimpleCacheProvider.createCache(invalidateCache);
@@ -1543,6 +1545,37 @@ describe('ReactSuspense', () => {
       expect(ReactNoop.flush()).toEqual(['B']);
       expect(ReactNoop.getChildren()).toEqual([span('Sibling'), span('B')]);
     });
+
+    it('lazy-load using React.lazy', async () => {
+      const LazyText = lazy(() => {
+        ReactNoop.yield('Started loading');
+        return Promise.resolve(Text);
+      });
+
+      ReactNoop.render(
+        <Placeholder fallback={<Text text="Loading..." />}>
+          <Text text="A" />
+          <Text text="B" />
+          <LazyText text="C" />
+        </Placeholder>,
+      );
+      // Render first two siblings. The lazy component should not have
+      // started loading yet.
+      ReactNoop.flushThrough(['A', 'B']);
+
+      // Flush the rest.
+      expect(ReactNoop.flush()).toEqual(['Started loading', 'Loading...']);
+      expect(ReactNoop.getChildren()).toEqual([]);
+
+      await LazyText;
+
+      expect(ReactNoop.flush()).toEqual(['A', 'B', 'C']);
+      expect(ReactNoop.getChildren()).toEqual([
+        span('A'),
+        span('B'),
+        span('C'),
+      ]);
+    });
   });
 
   it('does not call lifecycles of a suspended component', async () => {
diff --git a/packages/react/src/React.js b/packages/react/src/React.js
index 15e10114dcd..85e1207a902 100644
--- a/packages/react/src/React.js
+++ b/packages/react/src/React.js
@@ -25,6 +25,7 @@ import {
   isValidElement,
 } from './ReactElement';
 import {createContext} from './ReactContext';
+import {lazy} from './ReactLazy';
 import forwardRef from './forwardRef';
 import {
   createElementWithValidation,
@@ -66,6 +67,7 @@ const React = {
 
 if (enableSuspense) {
   React.Placeholder = REACT_PLACEHOLDER_TYPE;
+  React.lazy = lazy;
 }
 
 export default React;
diff --git a/packages/react/src/ReactLazy.js b/packages/react/src/ReactLazy.js
new file mode 100644
index 00000000000..e17c33b9793
--- /dev/null
+++ b/packages/react/src/ReactLazy.js
@@ -0,0 +1,27 @@
+/**
+ * Copyright (c) 2013-present, Facebook, Inc.
+ *
+ * This source code is licensed under the MIT license found in the
+ * LICENSE file in the root directory of this source tree.
+ */
+
+type Thenable<T, R> = {
+  then(resolve: (T) => mixed, reject: (mixed) => mixed): R,
+};
+
+export function lazy<T, R>(ctor: () => Thenable<T, R>) {
+  let thenable = null;
+  return {
+    then(resolve, reject) {
+      if (thenable === null) {
+        // Lazily create thenable by wrapping in an extra thenable.
+        thenable = ctor();
+        ctor = null;
+      }
+      return thenable.then(resolve, reject);
+    },
+    // React uses these fields to store the result.
+    _reactStatus: -1,
+    _reactResult: null,
+  };
+}