diff --git a/.changeset/async-default-untouched-fields.md b/.changeset/async-default-untouched-fields.md
new file mode 100644
index 000000000..23955b7db
--- /dev/null
+++ b/.changeset/async-default-untouched-fields.md
@@ -0,0 +1,5 @@
+---
+'@tanstack/form-core': patch
+---
+
+fix(form-core): apply updated async `defaultValues` to untouched fields even after another field has been edited, instead of skipping the whole update once any field is touched (#2229)
diff --git a/packages/form-core/src/FormApi.ts b/packages/form-core/src/FormApi.ts
index d710cd105..bad9ab8ef 100644
--- a/packages/form-core/src/FormApi.ts
+++ b/packages/form-core/src/FormApi.ts
@@ -1754,8 +1754,7 @@ export class FormApi<
 
     const shouldUpdateValues =
       options.defaultValues &&
-      !evaluate(options.defaultValues, oldOptions.defaultValues) &&
-      !this.state.isTouched
+      !evaluate(options.defaultValues, oldOptions.defaultValues)
 
     const shouldUpdateState =
       !evaluate(options.defaultState, oldOptions.defaultState) &&
@@ -1763,6 +1762,25 @@ export class FormApi<
 
     if (!shouldUpdateValues && !shouldUpdateState) return
 
+    // Fields the user has already edited must keep their edited values, but
+    // untouched fields (including ones that have not mounted yet) should still
+    // receive their newly-arrived default values — even when a *different*
+    // field has already been touched. See #2229.
+    let nextValues = options.defaultValues
+    if (shouldUpdateValues && this.state.isTouched) {
+      for (const [fieldName, fieldMeta] of Object.entries(
+        this.state.fieldMeta,
+      )) {
+        if ((fieldMeta as AnyFieldLikeMeta | undefined)?.isTouched) {
+          nextValues = setBy(
+            nextValues,
+            fieldName,
+            getBy(this.state.values, fieldName),
+          )
+        }
+      }
+    }
+
     batch(() => {
       this.baseStore.setState(() =>
         getDefaultFormState(
@@ -1774,7 +1792,7 @@ export class FormApi<
 
             shouldUpdateValues
               ? {
-                  values: options.defaultValues,
+                  values: nextValues,
                 }
               : {},
           ),
diff --git a/packages/form-core/tests/FormApi.spec.ts b/packages/form-core/tests/FormApi.spec.ts
index 024b319f0..cbcd080a7 100644
--- a/packages/form-core/tests/FormApi.spec.ts
+++ b/packages/form-core/tests/FormApi.spec.ts
@@ -1232,6 +1232,54 @@ describe('form api', () => {
     expect(form.getFieldValue('name')).toEqual('two')
   })
 
+  it('should apply new default values to untouched fields after another field is edited', () => {
+    const form = new FormApi({
+      defaultValues: {
+        name: '',
+        asyncField: '',
+      },
+    })
+    form.mount()
+
+    // The user edits one field while async data for another is still loading.
+    form.setFieldValue('name', 'edited')
+
+    // The async default for `asyncField` resolves and is passed in via update().
+    form.update({
+      defaultValues: {
+        name: '',
+        asyncField: 'loaded default',
+      },
+    })
+
+    // The untouched field receives its newly-arrived default...
+    expect(form.getFieldValue('asyncField')).toEqual('loaded default')
+    // ...while the edited field keeps the user's value.
+    expect(form.getFieldValue('name')).toEqual('edited')
+  })
+
+  it('should apply new default values to untouched array fields after another field is edited', () => {
+    const form = new FormApi({
+      defaultValues: {
+        name: '',
+        asyncItems: [] as string[],
+      },
+    })
+    form.mount()
+
+    form.setFieldValue('name', 'edited')
+
+    form.update({
+      defaultValues: {
+        name: '',
+        asyncItems: ['a', 'b'],
+      },
+    })
+
+    expect(form.getFieldValue('asyncItems')).toEqual(['a', 'b'])
+    expect(form.getFieldValue('name')).toEqual('edited')
+  })
+
   it('should delete field from the form', () => {
     const form = new FormApi({
       defaultValues: {