diff --git a/esphome/analyze_memory/cli.py b/esphome/analyze_memory/cli.py
index 334427abeef..106bb30b110 100644
--- a/esphome/analyze_memory/cli.py
+++ b/esphome/analyze_memory/cli.py
@@ -191,11 +191,13 @@ class MemoryAnalyzerCLI(MemoryAnalyzer):
         for i, (_, demangled, size, section, component) in enumerate(top_symbols):
             # Format section label
             section_label = f"[{section[1:]}]" if section else ""
-            # Truncate demangled name if too long
+            # Format storage symbols readably
+            display_name = _format_pstorage_name(demangled)
+            # Truncate if too long
             demangled_display = (
-                f"{demangled[:truncate_limit]}..."
-                if len(demangled) > self.COL_TOP_SYMBOL_NAME
-                else demangled
+                f"{display_name[:truncate_limit]}..."
+                if len(display_name) > self.COL_TOP_SYMBOL_NAME
+                else display_name
             )
             lines.append(
                 f"{i + 1:>2}. {size:>7,} B {section_label:<8} {demangled_display:<{self.COL_TOP_SYMBOL_NAME}} {component}"
diff --git a/esphome/cpp_generator.py b/esphome/cpp_generator.py
index d64e2ff2ce7..e97bd71a48d 100644
--- a/esphome/cpp_generator.py
+++ b/esphome/cpp_generator.py
@@ -586,8 +586,11 @@ def Pvariable(id_: ID, rhs: SafeExpType, type_: "MockObj" = None) -> "MockObj":
         the_type = id_.type
         # Extract component namespace from type for memory analysis attribution
         type_str = str(the_type)
-        if "::" in type_str:
-            component_ns = type_str.split("::", maxsplit=1)[0].rstrip("_")
+        # Strip leading esphome:: to get the component namespace
+        # e.g. esphome::dsmr::Dsmr -> dsmr, logger::Logger -> logger
+        bare = type_str.removeprefix("esphome::")
+        if "::" in bare:
+            component_ns = bare.split("::", maxsplit=1)[0].rstrip("_")
         else:
             component_ns = "esphome"
         storage_name = f"{component_ns}__{id_.id}__pstorage"