diff --git a/static/app/views/dashboards/globalFilter/filterSelector.tsx b/static/app/views/dashboards/globalFilter/filterSelector.tsx
index 05d145a8125c..2b6bdfc13e97 100644
--- a/static/app/views/dashboards/globalFilter/filterSelector.tsx
+++ b/static/app/views/dashboards/globalFilter/filterSelector.tsx
@@ -14,6 +14,7 @@ import {
 } from '@sentry/scraps/compactSelect';
 import {Flex} from '@sentry/scraps/layout';
 import {OverlayTrigger} from '@sentry/scraps/overlayTrigger';
+import {Text} from '@sentry/scraps/text';
 
 import {DropdownMenu} from 'sentry/components/dropdownMenu';
 import {LoadingIndicator} from 'sentry/components/loadingIndicator';
@@ -46,8 +47,14 @@ import {type SearchBarData} from 'sentry/views/dashboards/datasetConfig/base';
 import {getDatasetLabel} from 'sentry/views/dashboards/globalFilter/addFilter';
 import {FilterSelectorTrigger} from 'sentry/views/dashboards/globalFilter/filterSelectorTrigger';
 import {
+  buildNoValueFilterQuery,
   getFieldDefinitionForDataset,
   getFilterToken,
+  getNoValueOperator,
+  getValueFilterToken,
+  hasNoValueFilter,
+  NO_VALUE_SENTINEL,
+  NO_VALUE_SUPPORTED_OPERATORS,
   parseFilterValue,
 } from 'sentry/views/dashboards/globalFilter/utils';
 import {WidgetType, type GlobalFilter} from 'sentry/views/dashboards/types';
@@ -77,12 +84,27 @@ export function FilterSelector({
   // Ref to break the circular dependency: options need toggleOption, but toggleOption
   // comes from useStagedCompactSelect which depends on options.
   const toggleOptionRef = useRef<((val: string) => void) | undefined>(undefined);
+  const stagedValueRef = useRef<string[]>([]);
 
   const {fieldDefinition, filterToken} = useMemo(() => {
     const fieldDef = getFieldDefinitionForDataset(globalFilter.tag, globalFilter.dataset);
+
+    // For "(no value)" filters, drive the UI from the value token when present,
+    // otherwise a default token (the bare has:/!has: has no value to edit).
+    const allTokens = globalFilter.value
+      ? parseFilterValue(globalFilter.value, globalFilter)
+      : [];
+    const containsNoValue = hasNoValueFilter(allTokens);
+    const valueToken = containsNoValue ? getValueFilterToken(allTokens) : null;
+
     return {
       fieldDefinition: fieldDef,
-      filterToken: getFilterToken(globalFilter, fieldDef),
+      filterToken:
+        valueToken ??
+        getFilterToken(
+          containsNoValue ? {...globalFilter, value: ''} : globalFilter,
+          fieldDef
+        ),
     };
   }, [globalFilter]);
 
@@ -91,12 +113,30 @@ export function FilterSelector({
     if (!filterToken) {
       return [];
     }
-    const initialValue = globalFilter.value
-      ? getInitialInputValue(filterToken, true)
-      : '';
+
+    const allTokens = globalFilter.value
+      ? parseFilterValue(globalFilter.value, globalFilter)
+      : [];
+    const includesNoValue = hasNoValueFilter(allTokens);
+    const valueToken = includesNoValue ? getValueFilterToken(allTokens) : null;
+    const tokenForParsing = valueToken ?? filterToken;
+
+    const initialValue =
+      globalFilter.value && !includesNoValue
+        ? getInitialInputValue(tokenForParsing, true)
+        : valueToken
+          ? getInitialInputValue(valueToken, true)
+          : '';
+
     const selectedValues = getSelectedValuesFromText(initialValue);
-    return selectedValues.map(item => item.value);
-  }, [filterToken, globalFilter.value]);
+    const values = selectedValues.map(item => item.value);
+
+    if (includesNoValue) {
+      values.push(NO_VALUE_SENTINEL);
+    }
+
+    return values;
+  }, [filterToken, globalFilter]);
 
   // Get operator info from the filter token
   const {initialOperator, operatorDropdownItems} = useMemo(() => {
@@ -109,8 +149,18 @@ export function FilterSelector({
 
     const operatorInfo = getOperatorInfo({filterToken, fieldDefinition});
 
+    // A bare has:/!has: has no value token, so derive its operator from the
+    // HAS polarity instead of the synthetic (always DEFAULT) filterToken.
+    const allTokens = globalFilter.value
+      ? parseFilterValue(globalFilter.value, globalFilter)
+      : [];
+    const noValueOperator =
+      hasNoValueFilter(allTokens) && !getValueFilterToken(allTokens)
+        ? getNoValueOperator(allTokens)
+        : null;
+
     return {
-      initialOperator: operatorInfo?.operator ?? TermOperator.DEFAULT,
+      initialOperator: noValueOperator ?? operatorInfo?.operator ?? TermOperator.DEFAULT,
       operatorDropdownItems: (operatorInfo?.options ?? []).map(option => ({
         ...option,
         key: option.value,
@@ -118,10 +168,17 @@ export function FilterSelector({
         textValue: option.textValue,
         onClick: () => {
           setStagedOperator(option.value);
+          // Deselect "(no value)" when switching to an unsupported operator.
+          if (
+            !NO_VALUE_SUPPORTED_OPERATORS.has(option.value) &&
+            stagedValueRef.current.includes(NO_VALUE_SENTINEL)
+          ) {
+            toggleOptionRef.current?.(NO_VALUE_SENTINEL);
+          }
         },
       })),
     };
-  }, [filterToken, fieldDefinition]);
+  }, [filterToken, fieldDefinition, globalFilter]);
 
   const [stagedOperator, setStagedOperator] = useState(initialOperator);
   const [activeFilterValues, setActiveFilterValues] = useState(initialValues);
@@ -200,13 +257,42 @@ export function FilterSelector({
   const {data: fetchedFilterValues, isFetching} = queryResult;
 
   const options = useMemo((): Array<SelectOption<string>> => {
+    // "(no value)" option, prepended for supported operators.
+    const buildNoValueOption = (): SelectOption<string> | null => {
+      if (!NO_VALUE_SUPPORTED_OPERATORS.has(stagedOperator)) {
+        return null;
+      }
+      const noValueOption: SelectOption<string> = {
+        label: <Text variant="muted">{t('(no value)')}</Text>,
+        textValue: t('(no value)'),
+        value: NO_VALUE_SENTINEL,
+      };
+      if (canSelectMultipleValues) {
+        noValueOption.leadingItems = ({isSelected}: {isSelected: boolean}) => (
+          <Checkbox
+            checked={isSelected}
+            onChange={() => toggleOptionRef.current?.(NO_VALUE_SENTINEL)}
+            aria-label={t('Select %s', t('(no value)'))}
+            tabIndex={-1}
+          />
+        );
+      }
+      return noValueOption;
+    };
+
     if (predefinedValues && !canSelectMultipleValues) {
-      return predefinedValues.flatMap(section =>
-        section.suggestions.map(suggestion => ({
-          label: suggestion.value,
-          value: suggestion.value,
-        }))
+      const predefinedOptions: Array<SelectOption<string>> = predefinedValues.flatMap(
+        section =>
+          section.suggestions.map(suggestion => ({
+            label: suggestion.value,
+            value: suggestion.value,
+          }))
       );
+      const noValueOption = buildNoValueOption();
+      if (noValueOption) {
+        predefinedOptions.unshift(noValueOption);
+      }
+      return predefinedOptions;
     }
 
     const optionMap = new Map<string, SelectOption<string>>();
@@ -243,8 +329,10 @@ export function FilterSelector({
       return map.set(value, option);
     };
 
-    // Filter values in the global filter
-    activeFilterValues.forEach(value => addOption(value, optionMap));
+    // Filter values in the global filter (sentinel is added separately)
+    activeFilterValues
+      .filter(value => value !== NO_VALUE_SENTINEL)
+      .forEach(value => addOption(value, optionMap));
 
     // Predefined values
     predefinedValues?.forEach(suggestionSection => {
@@ -263,11 +351,21 @@ export function FilterSelector({
     }
     // Staged filter values inside the filter selector
     stagedFilterValues.forEach(value => {
-      if (!optionMap.has(value)) {
+      if (value !== NO_VALUE_SENTINEL && !optionMap.has(value)) {
         addOption(value, fixedOptionMap);
       }
     });
-    return [...Array.from(fixedOptionMap.values()), ...Array.from(optionMap.values())];
+    const allOptions = [
+      ...Array.from(fixedOptionMap.values()),
+      ...Array.from(optionMap.values()),
+    ];
+
+    const noValueOption = buildNoValueOption();
+    if (noValueOption) {
+      allOptions.unshift(noValueOption);
+    }
+
+    return allOptions;
   }, [
     fetchedFilterValues,
     predefinedValues,
@@ -276,11 +374,17 @@ export function FilterSelector({
     searchQuery,
     canSelectMultipleValues,
     globalFilter.tag.key,
+    stagedOperator,
   ]);
 
   const translatedOptions = translateKnownFilterOptions(options, globalFilter);
 
-  const handleChange = (opts: string[]) => {
+  const handleChange = (rawOpts: string[]) => {
+    // Strip the sentinel if the current operator doesn't support it
+    const opts = NO_VALUE_SUPPORTED_OPERATORS.has(stagedOperator)
+      ? rawOpts
+      : rawOpts.filter(opt => opt !== NO_VALUE_SENTINEL);
+
     if (isEqual(opts, activeFilterValues) && stagedOperator === initialOperator) {
       return;
     }
@@ -298,20 +402,33 @@ export function FilterSelector({
       return;
     }
 
-    let newValue = '';
-    if (opts.length !== 0) {
+    const includeNoValue = opts.includes(NO_VALUE_SENTINEL);
+    const valueOpts = opts.filter(opt => opt !== NO_VALUE_SENTINEL);
+
+    let valueQuery = '';
+    if (valueOpts.length > 0) {
       const cleanedValue = prepareInputValueForSaving(
         getFilterValueType(filterToken, fieldDefinition),
-        opts.map(opt => escapeTagValueForSearch(opt, {allowArrayValue: false})).join(',')
+        valueOpts
+          .map(opt => escapeTagValueForSearch(opt, {allowArrayValue: false}))
+          .join(',')
       );
-      newValue = modifyFilterValue(filterToken.text, filterToken, cleanedValue);
-    }
+      valueQuery = modifyFilterValue(filterToken.text, filterToken, cleanedValue);
 
-    if (stagedOperator !== initialOperator) {
-      const newToken = parseFilterValue(newValue, globalFilter)[0] ?? filterToken;
-      newValue = modifyFilterOperatorQuery(newToken.text, newToken, stagedOperator);
+      if (stagedOperator !== initialOperator) {
+        const newToken = parseFilterValue(valueQuery, globalFilter)[0] ?? filterToken;
+        valueQuery = modifyFilterOperatorQuery(newToken.text, newToken, stagedOperator);
+      }
     }
 
+    const newValue = includeNoValue
+      ? buildNoValueFilterQuery(
+          globalFilter.tag.key,
+          stagedOperator,
+          valueQuery || undefined
+        )
+      : valueQuery;
+
     onUpdateFilter({
       ...globalFilter,
       value: newValue,
@@ -330,23 +447,31 @@ export function FilterSelector({
     hasExternalChanges: hasOperatorChanges,
   });
 
-  // Wire up toggleOptionRef after stagedSelect is created to break the circular
+  // Wire up refs after stagedSelect is created to break the circular
   // dependency between options (which need toggleOption) and useStagedCompactSelect
   // (which needs options).
   toggleOptionRef.current = stagedSelect.toggleOption;
+  stagedValueRef.current = stagedSelect.value;
 
   const {dispatch} = stagedSelect;
   const hasStagedChanges =
     xor(stagedSelect.value, activeFilterValues).length > 0 || hasOperatorChanges;
 
-  const renderFilterSelectorTrigger = (filterValues: string[]) => (
-    <FilterSelectorTrigger
-      globalFilter={globalFilter}
-      activeFilterValues={filterValues}
-      operator={stagedOperator}
-      options={translatedOptions}
-    />
-  );
+  const renderFilterSelectorTrigger = (filterValues: string[]) => {
+    // Strip the sentinel from display when the operator doesn't support it
+    const displayValues = NO_VALUE_SUPPORTED_OPERATORS.has(stagedOperator)
+      ? filterValues
+      : filterValues.filter(v => v !== NO_VALUE_SENTINEL);
+
+    return (
+      <FilterSelectorTrigger
+        globalFilter={globalFilter}
+        activeFilterValues={displayValues}
+        operator={stagedOperator}
+        options={translatedOptions}
+      />
+    );
+  };
 
   const loadingFooter = isFetching ? (
     <Flex justify="center" padding="xs">
diff --git a/static/app/views/dashboards/globalFilter/utils.tsx b/static/app/views/dashboards/globalFilter/utils.tsx
index 736c2255c3ed..9d2fc56b935e 100644
--- a/static/app/views/dashboards/globalFilter/utils.tsx
+++ b/static/app/views/dashboards/globalFilter/utils.tsx
@@ -7,6 +7,7 @@ import {cleanFilterValue} from 'sentry/components/searchQueryBuilder/tokens/filt
 import {getInitialFilterText} from 'sentry/components/searchQueryBuilder/tokens/utils';
 import {parseQueryBuilderValue} from 'sentry/components/searchQueryBuilder/utils';
 import {
+  FilterType,
   TermOperator,
   Token,
   type TokenResult,
@@ -159,3 +160,58 @@ export function newNumericFilterQuery(
   );
   return newFilterQuery;
 }
+
+/** Sentinel for the "(no value)" option; never sent to the backend. */
+export const NO_VALUE_SENTINEL = '__no_value__';
+
+export const NO_VALUE_SUPPORTED_OPERATORS = new Set<TermOperator>([
+  TermOperator.DEFAULT,
+  TermOperator.NOT_EQUAL,
+  TermOperator.CONTAINS,
+  TermOperator.DOES_NOT_CONTAIN,
+]);
+
+/** Negated operators flip "(no value)" from "tag absent" to "tag present". */
+export function isNegatedNoValueOperator(operator: TermOperator): boolean {
+  return (
+    operator === TermOperator.NOT_EQUAL || operator === TermOperator.DOES_NOT_CONTAIN
+  );
+}
+
+export function hasNoValueFilter(
+  filterTokens: Array<TokenResult<Token.FILTER>>
+): boolean {
+  return filterTokens.some(token => token.filter === FilterType.HAS);
+}
+
+/** Maps a HAS token's polarity to an operator: `!has:` → `is`, `has:` → `is not`. */
+export function getNoValueOperator(
+  filterTokens: Array<TokenResult<Token.FILTER>>
+): TermOperator | null {
+  const hasToken = filterTokens.find(token => token.filter === FilterType.HAS);
+  if (!hasToken) {
+    return null;
+  }
+  return hasToken.negated ? TermOperator.DEFAULT : TermOperator.NOT_EQUAL;
+}
+
+/** First non-HAS token, e.g. `browser:firefox` in `(browser:firefox OR !has:browser)`. */
+export function getValueFilterToken(
+  filterTokens: Array<TokenResult<Token.FILTER>>
+): TokenResult<Token.FILTER> | null {
+  return filterTokens.find(token => token.filter !== FilterType.HAS) ?? null;
+}
+
+export function buildNoValueFilterQuery(
+  tagKey: string,
+  operator: TermOperator,
+  valueQuery?: string
+): string {
+  const noValuePart = isNegatedNoValueOperator(operator)
+    ? `has:${tagKey}`
+    : `!has:${tagKey}`;
+  if (!valueQuery) {
+    return noValuePart;
+  }
+  return `(${valueQuery} OR ${noValuePart})`;
+}