diff --git a/packages/plugin-dts/src/apiExtractor.ts b/packages/plugin-dts/src/apiExtractor.ts
index 07c814806..92dba286a 100644
--- a/packages/plugin-dts/src/apiExtractor.ts
+++ b/packages/plugin-dts/src/apiExtractor.ts
@@ -17,6 +17,7 @@ export type BundleOptions = {
   dtsEntry: DtsEntry[];
   tsconfigPath?: string;
   bundledPackages?: string[];
+  resolveWatchCallback?: () => void;
 };
 
 export async function bundleDts(options: BundleOptions): Promise<void> {
@@ -40,6 +41,7 @@ export async function bundleDts(options: BundleOptions): Promise<void> {
     dtsEntry,
     tsconfigPath = 'tsconfig.json',
     bundledPackages = [],
+    resolveWatchCallback,
   } = options;
   try {
     await Promise.all(
@@ -102,6 +104,8 @@ export async function bundleDts(options: BundleOptions): Promise<void> {
         );
       }),
     );
+
+    resolveWatchCallback?.();
   } catch (e) {
     throw new Error(`${logPrefixApiExtractor} ${e}`);
   }
diff --git a/packages/plugin-dts/src/dts.ts b/packages/plugin-dts/src/dts.ts
index 41818d836..d8031e842 100644
--- a/packages/plugin-dts/src/dts.ts
+++ b/packages/plugin-dts/src/dts.ts
@@ -200,33 +200,44 @@ export async function generateDts(data: DtsGenOptions): Promise<void> {
       .filter(Boolean) as Required<DtsEntry>[];
   }
 
-  const bundleDtsIfNeeded = async () => {
-    if (bundle === true) {
-      const { bundleDts } = await import('./apiExtractor');
-      await bundleDts({
-        name,
+  const bundleDtsFiles = async (resolveWatchCallback?: () => void) => {
+    const { bundleDts } = await import('./apiExtractor');
+    await bundleDts({
+      name,
+      cwd,
+      distPath: dtsEmitPath,
+      dtsEntry: dtsEntries,
+      tsconfigPath,
+      dtsExtension,
+      banner,
+      footer,
+      bundledPackages: calcBundledPackages({
+        autoExternal,
         cwd,
-        distPath: dtsEmitPath,
-        dtsEntry: dtsEntries,
-        tsconfigPath,
-        dtsExtension,
-        banner,
-        footer,
-        bundledPackages: calcBundledPackages({
-          autoExternal,
-          cwd,
-          userExternals,
-        }),
-      });
-    }
+        userExternals,
+      }),
+      resolveWatchCallback,
+    });
   };
 
-  const onComplete = async (isSuccess: boolean) => {
-    if (isSuccess) {
-      await bundleDtsIfNeeded();
-    }
+  let resolveWatchCallback: () => void;
+
+  const bundleDtsFunc = async () => {
+    await bundleDtsFiles(resolveWatchCallback);
+  };
+
+  const resolveWatch = () => {
+    resolveWatchCallback();
   };
 
+  const dtsCompletion = new Promise<void>((resolve) => {
+    if (isWatch) {
+      resolveWatchCallback = resolve;
+    } else {
+      resolve();
+    }
+  });
+
   await emitDts(
     {
       name,
@@ -240,15 +251,18 @@ export async function generateDts(data: DtsGenOptions): Promise<void> {
       banner,
       footer,
     },
-    onComplete,
+    bundleDtsFunc,
+    resolveWatch,
     bundle,
     isWatch,
     build,
   );
 
-  if (!isWatch) {
-    await bundleDtsIfNeeded();
+  if (!isWatch && bundle) {
+    await bundleDtsFiles();
   }
+
+  await dtsCompletion;
 }
 
 process.on('message', async (data: DtsGenOptions) => {
diff --git a/packages/plugin-dts/src/tsc.ts b/packages/plugin-dts/src/tsc.ts
index c4fa46dac..6d5ff3c8b 100644
--- a/packages/plugin-dts/src/tsc.ts
+++ b/packages/plugin-dts/src/tsc.ts
@@ -2,7 +2,7 @@ import { logger } from '@rsbuild/core';
 import color from 'picocolors';
 import ts from 'typescript';
 import type { DtsRedirect } from './index';
-import { getTimeCost, processDtsFiles } from './utils';
+import { getTimeCost, processBundlelessDtsFiles } from './utils';
 
 const logPrefixTsc = color.dim('[tsc]');
 
@@ -47,16 +47,17 @@ async function handleDiagnosticsAndProcessFiles(
     diagnosticMessages.push(message);
   }
 
-  await processDtsFiles(
-    bundle,
-    declarationDir,
-    dtsExtension,
-    redirect,
-    configPath,
-    rootDir,
-    banner,
-    footer,
-  );
+  if (!bundle) {
+    await processBundlelessDtsFiles(
+      declarationDir,
+      dtsExtension,
+      redirect,
+      configPath,
+      rootDir,
+      banner,
+      footer,
+    );
+  }
 
   if (diagnosticMessages.length) {
     for (const message of diagnosticMessages) {
@@ -71,7 +72,8 @@ async function handleDiagnosticsAndProcessFiles(
 
 export async function emitDts(
   options: EmitDtsOptions,
-  onComplete: (isSuccess: boolean) => void,
+  bundleDtsFunc: () => Promise<void>,
+  resolveWatch: () => void,
   bundle = false,
   isWatch = false,
   build = false,
@@ -112,7 +114,7 @@ export async function emitDts(
     );
   };
 
-  const reportWatchStatusChanged: ts.WatchStatusReporter = async (
+  const reportWatchStatusChanged: ts.WatchStatusReporter = (
     diagnostic: ts.Diagnostic,
     _newLine: string,
     _options: ts.CompilerOptions,
@@ -129,39 +131,53 @@ export async function emitDts(
       logger.info(logPrefixTsc, message);
     }
 
+    const hasError = errorCount && errorCount > 0;
+
     // 6194: 0 errors or 2+ errors!
     if (diagnostic.code === 6194) {
-      if (errorCount === 0 || !errorCount) {
+      if (!hasError) {
         logger.info(logPrefixTsc, message);
-        onComplete(true);
       } else {
         logger.error(logPrefixTsc, message);
       }
-      await processDtsFiles(
-        bundle,
-        declarationDir,
-        dtsExtension,
-        redirect,
-        configPath,
-        rootDir,
-        banner,
-        footer,
-      );
+
+      if (bundle) {
+        if (hasError) {
+          resolveWatch();
+        } else {
+          bundleDtsFunc();
+        }
+      } else {
+        processBundlelessDtsFiles(
+          declarationDir,
+          dtsExtension,
+          redirect,
+          configPath,
+          rootDir,
+          banner,
+          footer,
+          resolveWatch,
+        );
+      }
     }
 
     // 6193: 1 error
     if (diagnostic.code === 6193) {
       logger.error(logPrefixTsc, message);
-      await processDtsFiles(
-        bundle,
-        declarationDir,
-        dtsExtension,
-        redirect,
-        configPath,
-        rootDir,
-        banner,
-        footer,
-      );
+      if (bundle) {
+        bundleDtsFunc();
+      } else {
+        processBundlelessDtsFiles(
+          declarationDir,
+          dtsExtension,
+          redirect,
+          configPath,
+          rootDir,
+          banner,
+          footer,
+          resolveWatch,
+        );
+      }
     }
   };
 
@@ -306,16 +322,17 @@ export async function emitDts(
 
       solutionBuilder.build();
 
-      await processDtsFiles(
-        bundle,
-        declarationDir,
-        dtsExtension,
-        redirect,
-        configPath,
-        rootDir,
-        banner,
-        footer,
-      );
+      if (!bundle) {
+        await processBundlelessDtsFiles(
+          declarationDir,
+          dtsExtension,
+          redirect,
+          configPath,
+          rootDir,
+          banner,
+          footer,
+        );
+      }
 
       if (errorNumber > 0) {
         throw new Error(
diff --git a/packages/plugin-dts/src/utils.ts b/packages/plugin-dts/src/utils.ts
index 6ba178d84..1696a337a 100644
--- a/packages/plugin-dts/src/utils.ts
+++ b/packages/plugin-dts/src/utils.ts
@@ -371,8 +371,7 @@ export async function redirectDtsImports(
   }
 }
 
-export async function processDtsFiles(
-  bundle: boolean,
+export async function processBundlelessDtsFiles(
   dir: string,
   dtsExtension: string,
   redirect: DtsRedirect,
@@ -380,11 +379,8 @@ export async function processDtsFiles(
   rootDir: string,
   banner?: string,
   footer?: string,
+  resolveWatch?: () => void,
 ): Promise<void> {
-  if (bundle) {
-    return;
-  }
-
   let matchPath: MatchPath | undefined;
 
   if (redirect.path || redirect.extension) {
@@ -428,6 +424,8 @@ export async function processDtsFiles(
       }
     }),
   );
+
+  resolveWatch?.();
 }
 
 export function processSourceEntry(