diff --git a/.changeset/six-rats-fetch.md b/.changeset/six-rats-fetch.md
new file mode 100644
index 000000000000..899d4bf8daa2
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@@ -0,0 +1,6 @@
+---
+swc_core: patch
+swc_ecma_minifier: patch
+---
+
+perf(es/minifier): Cache `var_or_default` calls