diff --git a/src/platform/backends/hyperv/hyperv_virtual_machine.cpp b/src/platform/backends/hyperv/hyperv_virtual_machine.cpp
index d8370ba0ff..2439d1b13d 100644
--- a/src/platform/backends/hyperv/hyperv_virtual_machine.cpp
+++ b/src/platform/backends/hyperv/hyperv_virtual_machine.cpp
@@ -387,7 +387,6 @@ void mp::HyperVVirtualMachine::shutdown(ShutdownPolicy shutdown_policy)
         state_wait.wait(lock, [this] { return shutdown_while_starting; });
     }
 
-    ip = std::nullopt;
     update_state();
 }
 
@@ -440,6 +439,16 @@ void mp::HyperVVirtualMachine::ensure_vm_is_running()
 
 void mp::HyperVVirtualMachine::update_state()
 {
+    // Invalidate the management IP address on state update.
+    if (current_state() == VirtualMachine::State::running)
+    {
+        // Cached IPs become stale when the guest is restarted from within. By resetting them here
+        // we at least cover multipass's restart initiatives, which include state updates.
+        mpl::log(mpl::Level::debug,
+                 vm_name,
+                 "Invalidating cached mgmt IP address upon state update");
+        management_ip = std::nullopt;
+    }
     monitor->persist_state_for(vm_name, state);
 }
 
@@ -455,7 +464,7 @@ std::string mp::HyperVVirtualMachine::ssh_username()
 
 std::string mp::HyperVVirtualMachine::management_ipv4()
 {
-    if (!ip)
+    if (!management_ip)
     {
         // Not using cached SSH session for this because a) the underlying functions do not
         // guarantee constness; b) we endure the penalty of creating a new session only when we
@@ -463,9 +472,9 @@ std::string mp::HyperVVirtualMachine::management_ipv4()
         auto result =
             remote_ip(VirtualMachine::ssh_hostname(), ssh_port(), ssh_username(), key_provider);
         if (result)
-            ip.emplace(result.value());
+            management_ip.emplace(result.value());
     }
-    return ip ? ip.value().as_string() : "UNKNOWN";
+    return management_ip ? management_ip.value().as_string() : "UNKNOWN";
 }
 
 std::string mp::HyperVVirtualMachine::ipv6()
diff --git a/src/platform/backends/hyperv/hyperv_virtual_machine.h b/src/platform/backends/hyperv/hyperv_virtual_machine.h
index 450575aec4..c28f8dc727 100644
--- a/src/platform/backends/hyperv/hyperv_virtual_machine.h
+++ b/src/platform/backends/hyperv/hyperv_virtual_machine.h
@@ -95,7 +95,6 @@ class HyperVVirtualMachine final : public BaseVirtualMachine
 
     VirtualMachineDescription desc; // TODO we should probably keep this in the base class instead
     const QString name;
-    std::optional<multipass::IPAddress> ip;
     std::unique_ptr<PowerShell> power_shell;
     VMStatusMonitor* monitor;
     bool update_suspend_status{true};