diff --git a/goldens/material/timepicker/index.api.md b/goldens/material/timepicker/index.api.md
index 4adfdce95c17..f52481e228ab 100644
--- a/goldens/material/timepicker/index.api.md
+++ b/goldens/material/timepicker/index.api.md
@@ -100,6 +100,7 @@ export class MatTimepickerInput<D> implements ControlValueAccessor, Validator, O
     registerOnValidatorChange(fn: () => void): void;
     setDisabledState(isDisabled: boolean): void;
     readonly timepicker: InputSignal<MatTimepicker<D>>;
+    _timepickerValueAssigned(value: D | null): void;
     validate(control: AbstractControl): ValidationErrors | null;
     readonly value: ModelSignal<D | null>;
     writeValue(value: any): void;
diff --git a/src/material/timepicker/timepicker-input.ts b/src/material/timepicker/timepicker-input.ts
index 93e695139fde..8e9d0106f55d 100644
--- a/src/material/timepicker/timepicker-input.ts
+++ b/src/material/timepicker/timepicker-input.ts
@@ -317,6 +317,14 @@ export class MatTimepickerInput<D> implements ControlValueAccessor, Validator, O
     }
   }
 
+  /** Called by the timepicker to sync up the user-selected value. */
+  _timepickerValueAssigned(value: D | null) {
+    if (!this._dateAdapter.sameTime(value, this.value())) {
+      this._assignUserSelection(value, true);
+      this._formatValue(value);
+    }
+  }
+
   /** Sets up the code that watches for changes in the value and adjusts the input. */
   private _respondToValueChanges(): void {
     effect(() => {
@@ -346,12 +354,6 @@ export class MatTimepickerInput<D> implements ControlValueAccessor, Validator, O
       const timepicker = this.timepicker();
       timepicker.registerInput(this);
       timepicker.closed.subscribe(() => this._onTouched?.());
-      timepicker.selected.subscribe(({value}) => {
-        if (!this._dateAdapter.sameTime(value, this.value())) {
-          this._assignUserSelection(value, true);
-          this._formatValue(value);
-        }
-      });
     });
   }
 
@@ -371,8 +373,10 @@ export class MatTimepickerInput<D> implements ControlValueAccessor, Validator, O
    * @param propagateToAccessor Whether the value should be propagated to the ControlValueAccessor.
    */
   private _assignUserSelection(selection: D | null, propagateToAccessor: boolean) {
+    let toAssign: D | null;
+
     if (selection == null || !this._isValid(selection)) {
-      this.value.set(selection);
+      toAssign = selection;
     } else {
       // If a datepicker and timepicker are writing to the same object and the user enters an
       // invalid time into the timepicker, we may end up clearing their selection from the
@@ -384,12 +388,15 @@ export class MatTimepickerInput<D> implements ControlValueAccessor, Validator, O
       const hours = adapter.getHours(selection);
       const minutes = adapter.getMinutes(selection);
       const seconds = adapter.getSeconds(selection);
-      this.value.set(target ? adapter.setTime(target, hours, minutes, seconds) : selection);
+      toAssign = target ? adapter.setTime(target, hours, minutes, seconds) : selection;
     }
 
+    // Propagate to the form control before emitting to `valueChange`.
     if (propagateToAccessor) {
-      this._onChange?.(this.value());
+      this._onChange?.(toAssign);
     }
+
+    this.value.set(toAssign);
   }
 
   /** Formats the current value and assigns it to the input. */
diff --git a/src/material/timepicker/timepicker.spec.ts b/src/material/timepicker/timepicker.spec.ts
index 7308e70b3260..d340714006c3 100644
--- a/src/material/timepicker/timepicker.spec.ts
+++ b/src/material/timepicker/timepicker.spec.ts
@@ -1156,6 +1156,75 @@ describe('MatTimepicker', () => {
       expect(input.disabled).toBe(true);
       expect(fixture.componentInstance.input.disabled()).toBe(true);
     });
+
+    it('should emit to valueChange before assigning control value when typing', () => {
+      const fixture = TestBed.createComponent(TimepickerWithForms);
+      const control = fixture.componentInstance.control;
+      let eventValue: Date | null = null;
+      let controlValue: Date | null = null;
+      fixture.detectChanges();
+
+      const subscription = fixture.componentInstance.input.value.subscribe(value => {
+        eventValue = value;
+        controlValue = control.value;
+      });
+
+      typeInElement(getInput(fixture), '1:37 PM');
+      fixture.detectChanges();
+
+      expect(eventValue).toBeTruthy();
+      expect(controlValue).toBeTruthy();
+      expectSameTime(eventValue, controlValue);
+      subscription.unsubscribe();
+    });
+
+    it('should emit to valueChange before assigning control value when clicking an option', () => {
+      const fixture = TestBed.createComponent(TimepickerWithForms);
+      const control = fixture.componentInstance.control;
+      let eventValue: Date | null = null;
+      let controlValue: Date | null = null;
+      fixture.detectChanges();
+
+      const subscription = fixture.componentInstance.input.value.subscribe(value => {
+        eventValue = value;
+        controlValue = control.value;
+      });
+
+      getInput(fixture).click();
+      fixture.detectChanges();
+      getOptions()[5].click();
+      fixture.detectChanges();
+      fixture.detectChanges();
+
+      expect(eventValue).toBeTruthy();
+      expect(controlValue).toBeTruthy();
+      expectSameTime(eventValue, controlValue);
+      subscription.unsubscribe();
+    });
+
+    it('should emit to selected event before assigning control value when clicking an option', () => {
+      const fixture = TestBed.createComponent(TimepickerWithForms);
+      const control = fixture.componentInstance.control;
+      let eventValue: Date | null = null;
+      let controlValue: Date | null = null;
+      fixture.detectChanges();
+
+      const subscription = fixture.componentInstance.timepicker.selected.subscribe(event => {
+        eventValue = event.value;
+        controlValue = control.value;
+      });
+
+      getInput(fixture).click();
+      fixture.detectChanges();
+      getOptions()[5].click();
+      fixture.detectChanges();
+      fixture.detectChanges();
+
+      expect(eventValue).toBeTruthy();
+      expect(controlValue).toBeTruthy();
+      expectSameTime(eventValue, controlValue);
+      subscription.unsubscribe();
+    });
   });
 
   describe('timepicker toggle', () => {
@@ -1410,6 +1479,7 @@ class TimepickerTwoWayBinding {
 })
 class TimepickerWithForms {
   @ViewChild(MatTimepickerInput) input: MatTimepickerInput<Date>;
+  @ViewChild(MatTimepicker) timepicker: MatTimepicker<Date>;
   readonly control = new FormControl<Date | null>(null, [Validators.required]);
   readonly min = signal<Date | null>(null);
   readonly max = signal<Date | null>(null);
diff --git a/src/material/timepicker/timepicker.ts b/src/material/timepicker/timepicker.ts
index ab63291c9699..e5feb08a4854 100644
--- a/src/material/timepicker/timepicker.ts
+++ b/src/material/timepicker/timepicker.ts
@@ -296,6 +296,8 @@ export class MatTimepicker<D> implements OnDestroy, MatOptionParentComponent {
         current.deselect(false);
       }
     });
+    // Notify the input first so it can sync up the form control before emitting to `selected`.
+    this._input()?._timepickerValueAssigned(option.value);
     this.selected.emit({value: option.value, source: this});
     this._input()?.focus();
   }