diff --git a/.changeset/rules-of-hooks-hoc-callback-binding-name.md b/.changeset/rules-of-hooks-hoc-callback-binding-name.md
new file mode 100644
index 000000000..6affa222f
--- /dev/null
+++ b/.changeset/rules-of-hooks-hoc-callback-binding-name.md
@@ -0,0 +1,5 @@
+---
+"oxlint-plugin-react-doctor": patch
+---
+
+`rules-of-hooks` and `exhaustive-deps` no longer report false positives for hooks called inside a `forwardRef(...)` / `memo(...)` render callback whose binding name is not PascalCase (e.g. `const _Wrapped = forwardRef((props, ref) => { useHook(); ... })`). The render callback passed as the first argument to React's HoCs is a component by construction, so both rules now treat it as one regardless of the variable name it lands on. Only the first argument is promoted — hooks inside `memo`'s second argument (the props comparator) still report, as do genuinely non-component functions like `const _helper = () => { useState(); }`.
diff --git a/packages/oxlint-plugin-react-doctor/src/plugin/rules/react-builtins/exhaustive-deps.regressions.test.ts b/packages/oxlint-plugin-react-doctor/src/plugin/rules/react-builtins/exhaustive-deps.regressions.test.ts
index 3c237a11d..6dd4c085b 100644
--- a/packages/oxlint-plugin-react-doctor/src/plugin/rules/react-builtins/exhaustive-deps.regressions.test.ts
+++ b/packages/oxlint-plugin-react-doctor/src/plugin/rules/react-builtins/exhaustive-deps.regressions.test.ts
@@ -35,4 +35,30 @@ describe("react-builtins/exhaustive-deps — regressions", () => {
     const messages = result.diagnostics.map((diagnostic) => diagnostic.message).join("\n");
     expect(messages).toContain("value");
   });
+
+  // The render callback passed directly to forwardRef/memo is a
+  // component by construction, even under a non-PascalCase binding
+  // (`const _Wrapped = forwardRef(...)`). Without that promotion the
+  // component-scope boundary resolves to null and captures from an
+  // enclosing factory scope are wrongly reported as missing deps —
+  // they live outside the component, so they can't change between
+  // renders.
+  it("does not flag factory-scope captures inside a forwardRef callback under an underscore-prefixed binding", () => {
+    const code = `
+      import { forwardRef, useEffect } from "react";
+      const buildComponent = (logger) => {
+        const _Wrapped = forwardRef((props, ref) => {
+          useEffect(() => {
+            logger(props.value);
+          }, [props.value]);
+          return <div ref={ref} />;
+        });
+        return _Wrapped;
+      };
+    `;
+    const result = runRule(exhaustiveDeps, code, { filename: "fixture.tsx" });
+    expect(result.parseErrors).toEqual([]);
+    const messages = result.diagnostics.map((diagnostic) => diagnostic.message).join("\n");
+    expect(messages).not.toContain("logger");
+  });
 });
diff --git a/packages/oxlint-plugin-react-doctor/src/plugin/rules/react-builtins/exhaustive-deps.ts b/packages/oxlint-plugin-react-doctor/src/plugin/rules/react-builtins/exhaustive-deps.ts
index fd2b3142f..25447c19e 100644
--- a/packages/oxlint-plugin-react-doctor/src/plugin/rules/react-builtins/exhaustive-deps.ts
+++ b/packages/oxlint-plugin-react-doctor/src/plugin/rules/react-builtins/exhaustive-deps.ts
@@ -11,6 +11,7 @@ import type { EsTreeNodeOfType } from "../../utils/es-tree-node-of-type.js";
 import { getStaticTemplateLiteralValue } from "../../utils/get-static-template-literal-value.js";
 import { isAstNode } from "../../utils/is-ast-node.js";
 import { isReactComponentOrHookName } from "../../utils/is-react-component-or-hook-name.js";
+import { isReactHocCallbackArgument } from "../../utils/is-react-hoc-callback-argument.js";
 import { isNodeOfType } from "../../utils/is-node-of-type.js";
 import type { Rule } from "../../utils/rule.js";
 import { REACT_HOC_NAMES } from "../../constants/react.js";
@@ -133,6 +134,7 @@ const findEnclosingComponentOrHookFunction = (node: EsTreeNode): EsTreeNode | nu
       isNodeOfType(current, "FunctionExpression") ||
       isNodeOfType(current, "ArrowFunctionExpression")
     ) {
+      if (isReactHocCallbackArgument(current)) return current;
       const functionName = inferFunctionName(current);
       if (functionName && isReactComponentOrHookName(functionName)) return current;
     }
diff --git a/packages/oxlint-plugin-react-doctor/src/plugin/rules/react-builtins/rules-of-hooks.regressions.test.ts b/packages/oxlint-plugin-react-doctor/src/plugin/rules/react-builtins/rules-of-hooks.regressions.test.ts
new file mode 100644
index 000000000..613199479
--- /dev/null
+++ b/packages/oxlint-plugin-react-doctor/src/plugin/rules/react-builtins/rules-of-hooks.regressions.test.ts
@@ -0,0 +1,103 @@
+import { describe, expect, it } from "vite-plus/test";
+import { runRule } from "../../../test-utils/run-rule.js";
+import { rulesOfHooks } from "./rules-of-hooks.js";
+
+const runTsx = (code: string) => runRule(rulesOfHooks, code, { filename: "fixture.tsx" });
+
+describe("react-builtins/rules-of-hooks — regressions: HoC callbacks under non-PascalCase bindings", () => {
+  it("does not flag hooks in a forwardRef callback bound to an underscore-prefixed name", () => {
+    const result = runTsx(`
+      import { forwardRef, useState } from "react";
+      const _Wrapped = forwardRef((props, ref) => {
+        const [value] = useState(0);
+        return <div ref={ref}>{value}</div>;
+      });
+      export const Wrapped = _Wrapped;
+    `);
+    expect(result.diagnostics).toEqual([]);
+  });
+
+  it("does not flag hooks in a memo callback bound to an underscore-prefixed name", () => {
+    const result = runTsx(`
+      import { memo, useState } from "react";
+      const _Memoized = memo(function (props) {
+        const [value] = useState(0);
+        return <span>{value}</span>;
+      });
+      export const Memoized = _Memoized;
+    `);
+    expect(result.diagnostics).toEqual([]);
+  });
+
+  it("does not flag hooks in a React.forwardRef callback assigned to a lowercase binding", () => {
+    const result = runTsx(`
+      import * as React from "react";
+      const _wrapped = React.forwardRef((props, ref) => {
+        React.useEffect(() => {}, []);
+        return <div ref={ref} />;
+      });
+      export default _wrapped;
+    `);
+    expect(result.diagnostics).toEqual([]);
+  });
+
+  it("does not flag hooks in a forwardRef callback inside memo(forwardRef(...))", () => {
+    const result = runTsx(`
+      import { memo, forwardRef, useState } from "react";
+      const _Wrapped = memo(
+        forwardRef((props, ref) => {
+          const [value] = useState(0);
+          return <div ref={ref}>{value}</div>;
+        }),
+      );
+      export const Wrapped = _Wrapped;
+    `);
+    expect(result.diagnostics).toEqual([]);
+  });
+
+  it("still flags hooks in a non-component underscore-prefixed function", () => {
+    const result = runTsx(`
+      import { useState } from "react";
+      const _helper = () => {
+        const [value] = useState(0);
+        return value;
+      };
+    `);
+    expect(result.diagnostics).toHaveLength(1);
+    expect(result.diagnostics[0]?.message).toBe(
+      "`useState` runs inside `_helper`, which is not a component or Hook, so React cannot attach Hook state to a render.",
+    );
+  });
+
+  it("still flags hooks in a named callback passed to an arbitrary non-React HoC", () => {
+    const result = runTsx(`
+      import { useState } from "react";
+      const _wrapped = trackEvents(function _process() {
+        const [value] = useState(0);
+        return value;
+      });
+    `);
+    expect(result.diagnostics).toHaveLength(1);
+    expect(result.diagnostics[0]?.message).toBe(
+      "`useState` runs inside `_process`, which is not a component or Hook, so React cannot attach Hook state to a render.",
+    );
+  });
+
+  it("still flags hooks in a memo props comparator (second argument is not a render callback)", () => {
+    const result = runTsx(`
+      import { memo, useState } from "react";
+      const _Memoized = memo(
+        (props) => <span>{props.value}</span>,
+        (previousProps, nextProps) => {
+          const [shouldSkip] = useState(false);
+          return shouldSkip;
+        },
+      );
+      export const Memoized = _Memoized;
+    `);
+    expect(result.diagnostics).toHaveLength(1);
+    expect(result.diagnostics[0]?.message).toBe(
+      "`useState` runs inside `_Memoized`, which is not a component or Hook, so React cannot attach Hook state to a render.",
+    );
+  });
+});
diff --git a/packages/oxlint-plugin-react-doctor/src/plugin/rules/react-builtins/rules-of-hooks.ts b/packages/oxlint-plugin-react-doctor/src/plugin/rules/react-builtins/rules-of-hooks.ts
index d88249e48..ca50a620f 100644
--- a/packages/oxlint-plugin-react-doctor/src/plugin/rules/react-builtins/rules-of-hooks.ts
+++ b/packages/oxlint-plugin-react-doctor/src/plugin/rules/react-builtins/rules-of-hooks.ts
@@ -7,6 +7,7 @@ import { isReactComponentOrHookName } from "../../utils/is-react-component-or-ho
 import { isReactHookName } from "../../utils/is-react-hook-name.js";
 import { REACT_HOC_NAMES } from "../../constants/react.js";
 import { isFunctionLike } from "../../utils/is-function-like.js";
+import { isReactHocCallbackArgument } from "../../utils/is-react-hoc-callback-argument.js";
 import type { Rule } from "../../utils/rule.js";
 
 // Port of `oxc_linter::rules::react::rules_of_hooks`. Enforces React's
@@ -437,7 +438,9 @@ const findEnclosingFunctionInfo = (node: EsTreeNode): FunctionInfo | null => {
         name: displayName,
         hasResolvedName: resolvedName !== null,
         isAsync: Boolean(current.async),
-        isComponentOrHook: resolvedName === null ? false : isReactComponentOrHookName(displayName),
+        isComponentOrHook:
+          isReactHocCallbackArgument(current) ||
+          (resolvedName === null ? false : isReactComponentOrHookName(displayName)),
       };
     }
     current = current.parent ?? null;
@@ -553,6 +556,7 @@ const findEnclosingComponentOrHookFunction = (node: EsTreeNode): EsTreeNode | nu
   let current: EsTreeNode | null | undefined = node.parent;
   while (current) {
     if (isFunctionLike(current)) {
+      if (isReactHocCallbackArgument(current)) return current;
       const resolvedName = inferFunctionName(current);
       if (resolvedName !== null && isReactComponentOrHookName(resolvedName)) return current;
     }
@@ -690,32 +694,32 @@ export const rulesOfHooks = defineRule<Rule>({
           return;
         }
 
-        // For anonymous callbacks, look outward: if any enclosing
-        // function IS a component / custom hook, this nested anonymous
-        // callback can't legally call a hook (Rule of Hooks forbids
-        // hooks in nested callbacks even when the outer function is a
-        // component). When NO outer function is a component / hook, the
-        // callback's runtime context is unknown — skip to avoid false
-        // positives on generic callbacks (utility / event-handler
-        // factories).
-        if (!enclosing.hasResolvedName) {
-          let outerWalker: EsTreeNode | null = enclosing.node;
-          let outerIsComponentOrHook = false;
-          while (outerWalker) {
-            const outerInfo = findEnclosingFunctionInfo(outerWalker);
-            if (!outerInfo) break;
-            if (outerInfo.isComponentOrHook) {
-              outerIsComponentOrHook = true;
-              break;
+        if (!enclosing.isComponentOrHook) {
+          // For anonymous callbacks, look outward: if any enclosing
+          // function IS a component / custom hook, this nested anonymous
+          // callback can't legally call a hook (Rule of Hooks forbids
+          // hooks in nested callbacks even when the outer function is a
+          // component). When NO outer function is a component / hook, the
+          // callback's runtime context is unknown — skip to avoid false
+          // positives on generic callbacks (utility / event-handler
+          // factories).
+          if (!enclosing.hasResolvedName) {
+            let outerWalker: EsTreeNode | null = enclosing.node;
+            let outerIsComponentOrHook = false;
+            while (outerWalker) {
+              const outerInfo = findEnclosingFunctionInfo(outerWalker);
+              if (!outerInfo) break;
+              if (outerInfo.isComponentOrHook) {
+                outerIsComponentOrHook = true;
+                break;
+              }
+              outerWalker = outerInfo.node;
             }
-            outerWalker = outerInfo.node;
+            if (!outerIsComponentOrHook) return;
+            context.report({ node: node.callee, message: buildConditionalMessage(hookName) });
+            return;
           }
-          if (!outerIsComponentOrHook) return;
-          context.report({ node: node.callee, message: buildConditionalMessage(hookName) });
-          return;
-        }
 
-        if (!enclosing.isComponentOrHook) {
           context.report({
             node: node.callee,
             message: buildNonComponentMessage(hookName, enclosing.name),
diff --git a/packages/oxlint-plugin-react-doctor/src/plugin/utils/is-react-hoc-callback-argument.ts b/packages/oxlint-plugin-react-doctor/src/plugin/utils/is-react-hoc-callback-argument.ts
new file mode 100644
index 000000000..911f6a9c0
--- /dev/null
+++ b/packages/oxlint-plugin-react-doctor/src/plugin/utils/is-react-hoc-callback-argument.ts
@@ -0,0 +1,31 @@
+import { REACT_HOC_NAMES } from "../constants/react.js";
+import type { EsTreeNode } from "./es-tree-node.js";
+import { isNodeOfType } from "./is-node-of-type.js";
+
+const reactHocCalleeName = (callee: EsTreeNode): string | null => {
+  if (isNodeOfType(callee, "Identifier")) return callee.name;
+  if (
+    isNodeOfType(callee, "MemberExpression") &&
+    !callee.computed &&
+    isNodeOfType(callee.object, "Identifier") &&
+    callee.object.name === "React" &&
+    isNodeOfType(callee.property, "Identifier")
+  ) {
+    return `React.${callee.property.name}`;
+  }
+  return null;
+};
+
+// Mirrors upstream eslint-plugin-react-hooks: the render callback
+// passed as the FIRST argument to `memo(...)` / `forwardRef(...)` IS
+// a component by construction, regardless of what binding name it
+// ends up under (`const _Wrapped = forwardRef((props, ref) => …)`).
+// Later arguments are not render callbacks (`memo`'s second argument
+// is the props comparator), so they are never promoted.
+export const isReactHocCallbackArgument = (functionNode: EsTreeNode): boolean => {
+  const parent = functionNode.parent;
+  if (!parent || !isNodeOfType(parent, "CallExpression")) return false;
+  if (parent.arguments[0] !== functionNode) return false;
+  const calleeName = reactHocCalleeName(parent.callee);
+  return calleeName !== null && REACT_HOC_NAMES.has(calleeName);
+};