diff --git a/lib/diagnostics_channel.js b/lib/diagnostics_channel.js
index 8d2d374dc8e6ae..d0911148bcabf9 100644
--- a/lib/diagnostics_channel.js
+++ b/lib/diagnostics_channel.js
@@ -2,7 +2,6 @@
 
 const {
   ArrayPrototypeAt,
-  ArrayPrototypeIndexOf,
   ArrayPrototypePush,
   ArrayPrototypePushApply,
   ArrayPrototypeSlice,
@@ -15,6 +14,7 @@ const {
   ReflectApply,
   SafeFinalizationRegistry,
   SafeMap,
+  SafeSet,
   SymbolDispose,
   SymbolHasInstance,
 } = primordials;
@@ -36,6 +36,33 @@ const { subscribers: subscriberCounts } = dc_binding;
 const { WeakReference } = require('internal/util');
 const { isPromise } = require('internal/util/types');
 
+let suppressionStorage;
+
+function getSuppressionsStorage() {
+  if (suppressionStorage === undefined) {
+    const { AsyncLocalStorage } = require('async_hooks');
+    suppressionStorage = new AsyncLocalStorage();
+  }
+  return suppressionStorage;
+}
+
+function withSuppressionsContext(set, fn, thisArg, args) {
+  return getSuppressionsStorage().run(
+    set,
+    () => ReflectApply(fn, thisArg, args),
+  );
+}
+
+function validateBypassKey(value, name) {
+  if (value == null) {
+    throw new ERR_INVALID_ARG_TYPE(name, ['object', 'symbol'], value);
+  }
+  const type = typeof value;
+  if (type !== 'object' && type !== 'symbol') {
+    throw new ERR_INVALID_ARG_TYPE(name, ['object', 'symbol'], value);
+  }
+}
+
 // Can't delete when weakref count reaches 0 as it could increment again.
 // Only GC can be used as a valid time to clean up the channels map.
 class WeakRefMap extends SafeMap {
@@ -71,16 +98,23 @@ function markActive(channel) {
   // eslint-disable-next-line no-use-before-define
   ObjectSetPrototypeOf(channel, ActiveChannel.prototype);
   channel._subscribers = [];
+  channel._bypassSubscribers = null;
   channel._stores = new SafeMap();
+  channel._bypassStores = null;
 }
 
 function maybeMarkInactive(channel) {
   // When there are no more active subscribers or bound, restore to fast prototype.
-  if (!channel._subscribers.length && !channel._stores.size) {
+  if (!channel._subscribers.length &&
+      !channel._stores.size &&
+      !channel._bypassSubscribers?.length &&
+      !channel._bypassStores?.size) {
     // eslint-disable-next-line no-use-before-define
     ObjectSetPrototypeOf(channel, Channel.prototype);
     channel._subscribers = undefined;
     channel._stores = undefined;
+    channel._bypassSubscribers = undefined;
+    channel._bypassStores = undefined;
   }
 }
 
@@ -91,12 +125,11 @@ class RunStoresScope {
     // eslint-disable-next-line no-restricted-globals
     using stack = new DisposableStack();
 
-    // Enter stores using withScope
+    // Normal stores - exactly as before, zero extra cost
     if (activeChannel._stores) {
       for (const entry of activeChannel._stores.entries()) {
         const store = entry[0];
         const transform = entry[1];
-
         let newContext = data;
         if (transform) {
           try {
@@ -108,7 +141,28 @@ class RunStoresScope {
             continue;
           }
         }
+        stack.use(store.withScope(newContext));
+      }
+    }
 
+    // Bypass stores - only entered if bypass stores exist
+    if (activeChannel._bypassStores) {
+      const activeKeys = getSuppressionsStorage().getStore();
+      for (const entry of activeChannel._bypassStores.entries()) {
+        const store = entry[0];
+        const { transform, subscriberId } = entry[1];
+        if (activeKeys?.has(subscriberId)) continue;
+        let newContext = data;
+        if (transform) {
+          try {
+            newContext = transform(data);
+          } catch (err) {
+            process.nextTick(() => {
+              triggerUncaughtException(err, false);
+            });
+            continue;
+          }
+        }
         stack.use(store.withScope(newContext));
       }
     }
@@ -127,51 +181,123 @@ class RunStoresScope {
 
 // TODO(qard): should there be a C++ channel interface?
 class ActiveChannel {
-  subscribe(subscription) {
+  subscribe(subscription, options = {}) {
     validateFunction(subscription, 'subscription');
-    this._subscribers = ArrayPrototypeSlice(this._subscribers);
-    ArrayPrototypePush(this._subscribers, subscription);
+    const subscriberId = options?.subscriberId;
+
+    if (subscriberId !== undefined) {
+      validateBypassKey(subscriberId, 'subscriberId');
+      // Bypass path - lazy separate array
+      if (this._bypassSubscribers === null) {
+        this._bypassSubscribers = [];
+      }
+      this._bypassSubscribers = ArrayPrototypeSlice(this._bypassSubscribers);
+      ArrayPrototypePush(this._bypassSubscribers, { handler: subscription, subscriberId });
+    } else {
+      // Normal path - plain function, zero extra cost
+      this._subscribers = ArrayPrototypeSlice(this._subscribers);
+      ArrayPrototypePush(this._subscribers, subscription);
+    }
+
     channels.incRef(this.name);
     if (this._index !== undefined) subscriberCounts[this._index]++;
   }
 
   unsubscribe(subscription) {
-    const index = ArrayPrototypeIndexOf(this._subscribers, subscription);
-    if (index === -1) return false;
+    // Check normal subscribers first
+    let index = -1;
+    for (let i = 0; i < this._subscribers.length; i++) {
+      if (this._subscribers[i] === subscription) {
+        index = i;
+        break;
+      }
+    }
 
-    const before = ArrayPrototypeSlice(this._subscribers, 0, index);
-    const after = ArrayPrototypeSlice(this._subscribers, index + 1);
-    this._subscribers = before;
-    ArrayPrototypePushApply(this._subscribers, after);
+    if (index !== -1) {
+      const before = ArrayPrototypeSlice(this._subscribers, 0, index);
+      const after = ArrayPrototypeSlice(this._subscribers, index + 1);
+      this._subscribers = before;
+      ArrayPrototypePushApply(this._subscribers, after);
+      channels.decRef(this.name);
+      if (this._index !== undefined) subscriberCounts[this._index]--;
+      maybeMarkInactive(this);
+      return true;
+    }
 
-    channels.decRef(this.name);
-    if (this._index !== undefined) subscriberCounts[this._index]--;
-    maybeMarkInactive(this);
+    // Check bypass subscribers
+    if (this._bypassSubscribers !== null) {
+      let bypassIndex = -1;
+      for (let i = 0; i < this._bypassSubscribers.length; i++) {
+        if (this._bypassSubscribers[i].handler === subscription) {
+          bypassIndex = i;
+          break;
+        }
+      }
+      if (bypassIndex !== -1) {
+        const before = ArrayPrototypeSlice(this._bypassSubscribers, 0, bypassIndex);
+        const after = ArrayPrototypeSlice(this._bypassSubscribers, bypassIndex + 1);
+        this._bypassSubscribers = before;
+        ArrayPrototypePushApply(this._bypassSubscribers, after);
+        if (this._bypassSubscribers.length === 0) {
+          this._bypassSubscribers = null;
+        }
+        channels.decRef(this.name);
+        if (this._index !== undefined) subscriberCounts[this._index]--;
+        maybeMarkInactive(this);
+        return true;
+      }
+    }
 
-    return true;
+    return false;
   }
 
-  bindStore(store, transform) {
-    const replacing = this._stores.has(store);
-    if (!replacing) {
-      channels.incRef(this.name);
-      if (this._index !== undefined) subscriberCounts[this._index]++;
+  bindStore(store, transform, options = {}) {
+    const subscriberId = options?.subscriberId;
+
+    if (subscriberId !== undefined) {
+      validateBypassKey(subscriberId, 'subscriberId');
+      // Bypass path - lazy separate SafeMap
+      if (this._bypassStores === null) {
+        this._bypassStores = new SafeMap();
+      }
+      const replacing = this._bypassStores.has(store);
+      if (!replacing) {
+        channels.incRef(this.name);
+        if (this._index !== undefined) subscriberCounts[this._index]++;
+      }
+      this._bypassStores.set(store, { transform, subscriberId });
+    } else {
+      // Normal path - plain transform, zero extra cost
+      const replacing = this._stores.has(store);
+      if (!replacing) {
+        channels.incRef(this.name);
+        if (this._index !== undefined) subscriberCounts[this._index]++;
+      }
+      this._stores.set(store, transform);
     }
-    this._stores.set(store, transform);
   }
 
   unbindStore(store) {
-    if (!this._stores.has(store)) {
-      return false;
+    if (this._stores.has(store)) {
+      this._stores.delete(store);
+      channels.decRef(this.name);
+      if (this._index !== undefined) subscriberCounts[this._index]--;
+      maybeMarkInactive(this);
+      return true;
     }
 
-    this._stores.delete(store);
-
-    channels.decRef(this.name);
-    if (this._index !== undefined) subscriberCounts[this._index]--;
-    maybeMarkInactive(this);
+    if (this._bypassStores?.has(store)) {
+      this._bypassStores.delete(store);
+      if (this._bypassStores.size === 0) {
+        this._bypassStores = null;
+      }
+      channels.decRef(this.name);
+      if (this._index !== undefined) subscriberCounts[this._index]--;
+      maybeMarkInactive(this);
+      return true;
+    }
 
-    return true;
+    return false;
   }
 
   get hasSubscribers() {
@@ -179,17 +305,34 @@ class ActiveChannel {
   }
 
   publish(data) {
+    // Normal path - no ALS lookup, plain function call, zero overhead
     const subscribers = this._subscribers;
-    for (let i = 0; i < (subscribers?.length || 0); i++) {
+    for (let i = 0; i < subscribers.length; i++) {
       try {
-        const onMessage = subscribers[i];
-        onMessage(data, this.name);
+        subscribers[i](data, this.name);
       } catch (err) {
         process.nextTick(() => {
           triggerUncaughtException(err, false);
         });
       }
     }
+
+    // Bypass path - only entered if bypass subscribers exist
+    if (this._bypassSubscribers !== null) {
+      const activeKeys = getSuppressionsStorage().getStore();
+      const bypassSubscribers = this._bypassSubscribers;
+      for (let i = 0; i < bypassSubscribers.length; i++) {
+        try {
+          const { handler, subscriberId } = bypassSubscribers[i];
+          if (activeKeys?.has(subscriberId)) continue;
+          handler(data, this.name);
+        } catch (err) {
+          process.nextTick(() => {
+            triggerUncaughtException(err, false);
+          });
+        }
+      }
+    }
   }
 
   withStoreScope(data) {
@@ -221,18 +364,18 @@ class Channel {
            prototype === ActiveChannel.prototype;
   }
 
-  subscribe(subscription) {
+  subscribe(subscription, options) {
     markActive(this);
-    this.subscribe(subscription);
+    this.subscribe(subscription, options);
   }
 
   unsubscribe() {
     return false;
   }
 
-  bindStore(store, transform) {
+  bindStore(store, transform, options) {
     markActive(this);
-    this.bindStore(store, transform);
+    this.bindStore(store, transform, options);
   }
 
   unbindStore() {
@@ -366,12 +509,12 @@ class BoundedChannel {
       this.end?.hasSubscribers;
   }
 
-  subscribe(handlers) {
+  subscribe(handlers, options) {
     for (let i = 0; i < boundedEvents.length; ++i) {
       const name = boundedEvents[i];
       if (!handlers[name]) continue;
 
-      this[name]?.subscribe(handlers[name]);
+      this[name]?.subscribe(handlers[name], options);
     }
   }
 
@@ -458,13 +601,13 @@ class TracingChannel {
       this.error?.hasSubscribers;
   }
 
-  subscribe(handlers) {
+  subscribe(handlers, options) {
     // Subscribe to call window (start/end)
     if (handlers.start || handlers.end) {
       this.#callWindow.subscribe({
         start: handlers.start,
         end: handlers.end,
-      });
+      }, options);
     }
 
     // Subscribe to continuation window (asyncStart/asyncEnd)
@@ -472,12 +615,12 @@ class TracingChannel {
       this.#continuationWindow.subscribe({
         start: handlers.asyncStart,
         end: handlers.asyncEnd,
-      });
+      }, options);
     }
 
     // Subscribe to error channel
     if (handlers.error) {
-      this.error.subscribe(handlers.error);
+      this.error.subscribe(handlers.error, options);
     }
   }
 
@@ -633,10 +776,22 @@ function tracingChannel(nameOrChannels) {
 
 dc_binding.linkNativeChannel((name) => channel(name));
 
+function suppressed(key, fn, thisArg, ...args) {
+  validateFunction(fn, 'fn');
+
+  validateBypassKey(key, 'key');
+
+  const currentSet = getSuppressionsStorage().getStore();
+  const next = currentSet ? new SafeSet(currentSet) : new SafeSet();
+  next.add(key);
+  return withSuppressionsContext(next, fn, thisArg, args);
+}
+
 module.exports = {
   channel,
   hasSubscribers,
   subscribe,
+  suppressed,
   tracingChannel,
   unsubscribe,
   boundedChannel,
diff --git a/test/parallel/test-diagnostics-channel-suppression.js b/test/parallel/test-diagnostics-channel-suppression.js
new file mode 100644
index 00000000000000..04cfc42e3e43e9
--- /dev/null
+++ b/test/parallel/test-diagnostics-channel-suppression.js
@@ -0,0 +1,210 @@
+'use strict';
+
+const common = require('../common');
+const assert = require('assert');
+const { channel, suppressed } = require('node:diagnostics_channel');
+const { AsyncLocalStorage } = require('async_hooks');
+
+// Test 1: Basic suppression - subscriber with subscriberId is skipped inside suppressed()
+{
+  const key = Symbol('tracer');
+  const ch = channel('test-suppression-basic');
+  const handler = common.mustNotCall();
+  ch.subscribe(handler, { subscriberId: key });
+
+  suppressed(key, common.mustCall(() => {
+    ch.publish({});
+  }));
+
+  ch.unsubscribe(handler);
+}
+
+// Test 2: Non-opted subscriber fires even inside suppressed() scope
+{
+  const key = Symbol('tracer2');
+  const ch = channel('test-suppression-nonopted');
+  const optedHandler = common.mustNotCall();
+  const regularHandler = common.mustCall();
+  ch.subscribe(optedHandler, { subscriberId: key });
+  ch.subscribe(regularHandler); // no suppression
+
+  suppressed(key, common.mustCall(() => {
+    ch.publish({});
+  }));
+
+  ch.unsubscribe(optedHandler);
+  ch.unsubscribe(regularHandler);
+}
+
+// Test 3: Two APMs with different keys don't suppress each other
+{
+  const k1 = Symbol('k1');
+  const k2 = Symbol('k2');
+  const ch = channel('test-suppression-two-keys');
+  let h1Calls = 0;
+  let h2Calls = 0;
+  const h1 = common.mustCall(() => { h1Calls++; }, 1);
+  const h2 = common.mustCall(() => { h2Calls++; }, 1);
+  ch.subscribe(h1, { subscriberId: k1 });
+  ch.subscribe(h2, { subscriberId: k2 });
+
+  suppressed(k1, common.mustCall(() => {
+    ch.publish({});
+  }));
+
+  assert.strictEqual(h1Calls, 0);
+  assert.strictEqual(h2Calls, 1);
+
+  suppressed(k2, common.mustCall(() => {
+    ch.publish({});
+  }));
+
+  assert.strictEqual(h1Calls, 1);
+  assert.strictEqual(h2Calls, 1);
+
+  ch.unsubscribe(h1);
+  ch.unsubscribe(h2);
+}
+
+// Test 4: Nested suppressed() calls (same key, different keys)
+{
+  const k1 = Symbol('nested1');
+  const k2 = Symbol('nested2');
+  const ch = channel('test-suppression-nested');
+  const h1 = common.mustNotCall();
+  let h2Calls = 0;
+  const h2 = common.mustCall(() => { h2Calls++; }, 2);
+  ch.subscribe(h1, { subscriberId: k1 });
+  ch.subscribe(h2, { subscriberId: k2 });
+
+  suppressed(k1, common.mustCall(() => {
+    // Inside k1, h1 skipped, h2 runs
+    ch.publish({});
+    assert.strictEqual(h2Calls, 1);
+
+    suppressed(k2, common.mustCall(() => {
+      // Inside both, both skipped
+      ch.publish({});
+      assert.strictEqual(h2Calls, 1);
+    }));
+
+    // Back to only k1
+    ch.publish({});
+    assert.strictEqual(h2Calls, 2);
+  }));
+
+  ch.unsubscribe(h1);
+  ch.unsubscribe(h2);
+}
+
+// Test 5: suppressed() across a Promise boundary
+{
+  const key = Symbol('promise');
+  const ch = channel('test-suppression-promise');
+  const handler = common.mustNotCall();
+  ch.subscribe(handler, { subscriberId: key });
+  const done = common.mustCall();
+
+  suppressed(key, common.mustCall(async () => {
+    await Promise.resolve();
+    ch.publish({});
+  })).then(common.mustCall(() => {
+    ch.unsubscribe(handler);
+    done();
+  }));
+}
+
+// Test 6: suppressed() across setImmediate and queueMicrotask
+{
+  const key = Symbol('timers');
+  const ch = channel('test-suppression-timers');
+  const handler = common.mustNotCall();
+  ch.subscribe(handler, { subscriberId: key });
+  const done = common.mustCall();
+
+  suppressed(key, common.mustCall(async () => {
+    await new Promise((resolve) => {
+      setImmediate(common.mustCall(() => {
+        ch.publish({});
+
+        queueMicrotask(common.mustCall(() => {
+          ch.publish({});
+          resolve();
+        }));
+      }));
+    });
+  })).then(common.mustCall(() => {
+    ch.unsubscribe(handler);
+    done();
+  }));
+}
+
+// Test 7: unsubscribe() works correctly after using subscriberId
+{
+  const key = Symbol('unsub');
+  const ch = channel('test-suppression-unsubscribe');
+  const handler = common.mustNotCall();
+  ch.subscribe(handler, { subscriberId: key });
+  ch.unsubscribe(handler);
+
+  // Should not throw and should not be called
+  suppressed(key, common.mustCall(() => {
+    ch.publish({});
+  }));
+
+}
+
+// Test 8: bindStore with subscriberId is skipped inside suppressed()
+{
+  const key = Symbol('store');
+  const ch = channel('test-suppression-store');
+  const als = new AsyncLocalStorage();
+
+  // Bypass store transform - must NOT be called inside suppressed()
+  ch.bindStore(als, common.mustNotCall(), { subscriberId: key });
+
+  // Handler counts how many times it's called
+  let handlerCalls = 0;
+  const handler = common.mustCall(() => {
+    handlerCalls++;
+    assert.strictEqual(als.getStore(), undefined);
+  });
+  ch.subscribe(handler);
+
+  // Use runStores so stores are actually entered
+  suppressed(key, common.mustCall(() => {
+    ch.runStores({}, () => {
+      // runStores already calls ch.publish() internally
+    }, null);
+  }));
+
+  assert.strictEqual(handlerCalls, 1);
+  ch.unsubscribe(handler);
+  ch.unbindStore(als);
+}
+
+// Test 9: Wrong type for subscriberId throws ERR_INVALID_ARG_TYPE
+{
+  const ch = channel('test-suppression-wrong-type');
+  const bad = 'not-allowed';
+  assert.throws(() => ch.subscribe(() => {}, { subscriberId: bad }), {
+    name: 'TypeError'
+  });
+  const als = new AsyncLocalStorage();
+  assert.throws(() => ch.bindStore(als, (d) => d, { subscriberId: bad }), {
+    name: 'TypeError'
+  });
+}
+
+// Test 10: suppressed() return value passes through fn's return value
+{
+  const key = Symbol('return');
+  const receiver = { value: 41 };
+  const result = suppressed(key, common.mustCall(function(a, b) {
+    assert.strictEqual(this, receiver);
+    assert.strictEqual(a, 'a');
+    assert.strictEqual(b, 'b');
+    return this.value + 1;
+  }), receiver, 'a', 'b');
+  assert.strictEqual(result, 42);
+}