diff --git a/esphome/components/globals/__init__.py b/esphome/components/globals/__init__.py
index c069409360..fe83b1ea7c 100644
--- a/esphome/components/globals/__init__.py
+++ b/esphome/components/globals/__init__.py
@@ -9,7 +9,6 @@ from esphome.const import (
     CONF_VALUE,
 )
 from esphome.core import CoroPriority, coroutine_with_priority
-from esphome.cpp_generator import LambdaExpression
 from esphome.types import ConfigType
 
 CODEOWNERS = ["@esphome/core"]
@@ -109,16 +108,8 @@ async def globals_set_to_code(config, action_id, template_arg, args):
     full_id, paren = await cg.get_variable_with_full_id(config[CONF_ID])
     template_arg = cg.TemplateArguments(full_id.type, *template_arg)
     var = cg.new_Pvariable(action_id, template_arg, paren)
-    value = config[CONF_VALUE]
-    if cg.is_template(value):
-        templ = await cg.templatable(value, args, None, to_exp=cg.RawExpression)
-    else:
-        # Wrap raw constant in a stateless lambda for TemplatableFn storage.
-        # Use RawExpression for the value since T is a template parameter
-        # (the C++ compiler handles the type deduction).
-        raw_value = cg.RawExpression(value)
-        templ = LambdaExpression(
-            f"return {cg.safe_exp(raw_value)};", args, capture="", return_type=None
-        )
+    templ = await cg.templatable(
+        config[CONF_VALUE], args, None, to_exp=cg.RawExpression
+    )
     cg.add(var.set_value(templ))
     return var
diff --git a/esphome/cpp_generator.py b/esphome/cpp_generator.py
index c41171257b..814e37e02c 100644
--- a/esphome/cpp_generator.py
+++ b/esphome/cpp_generator.py
@@ -848,9 +848,11 @@ async def templatable(
         # Automatically wrap static strings in ESPHOME_F() for PROGMEM storage on ESP8266.
         # On other platforms ESPHOME_F() is a no-op returning const char*.
         return FlashStringLiteral(value)
-    # For non-string types, wrap constants in stateless lambdas so that
-    # TemplatableFn (used by TEMPLATABLE_VALUE macro) stores them as function pointers.
-    if output_type is not None and output_type is not std_string:
+    # Wrap non-string constants in stateless lambdas so that TemplatableFn
+    # (used by TEMPLATABLE_VALUE macro) stores them as function pointers.
+    # When output_type is None, the lambda omits the return type annotation
+    # and the C++ compiler deduces it (used by globals where T is unknown).
+    if output_type is not std_string:
         return LambdaExpression(
             f"return {safe_exp(value)};",
             args,
diff --git a/tests/unit_tests/test_cpp_generator.py b/tests/unit_tests/test_cpp_generator.py
index 81ae586e23..c75851df0c 100644
--- a/tests/unit_tests/test_cpp_generator.py
+++ b/tests/unit_tests/test_cpp_generator.py
@@ -652,11 +652,11 @@ async def test_templatable__empty_string_with_std_string() -> None:
 
 @pytest.mark.asyncio
 async def test_templatable__string_with_none_output_type() -> None:
-    """Static string with output_type=None returns raw string (no wrapping)."""
+    """Static string with output_type=None returns stateless lambda (no return type)."""
     result = await cg.templatable("hello", [], None)
 
-    assert isinstance(result, str)
-    assert result == "hello"
+    assert isinstance(result, cg.LambdaExpression)
+    assert result.capture == ""
 
 
 @pytest.mark.asyncio
@@ -678,10 +678,11 @@ async def test_templatable__string_with_non_string_output_type() -> None:
 
 @pytest.mark.asyncio
 async def test_templatable__with_to_exp_callable() -> None:
-    """When to_exp is provided, it is applied to non-template values."""
+    """When to_exp is provided with output_type=None, result is lambda-wrapped."""
     result = await cg.templatable(42, [], None, to_exp=lambda x: x * 2)
 
-    assert result == 84
+    assert isinstance(result, cg.LambdaExpression)
+    assert result.capture == ""
 
 
 @pytest.mark.asyncio
@@ -695,11 +696,12 @@ async def test_templatable__with_to_exp_callable_and_output_type() -> None:
 
 @pytest.mark.asyncio
 async def test_templatable__with_to_exp_dict() -> None:
-    """When to_exp is a dict, value is looked up."""
+    """When to_exp is a dict, value is looked up and lambda-wrapped."""
     mapping: dict[str, int] = {"on": 1, "off": 0}
     result = await cg.templatable("on", [], None, to_exp=mapping)
 
-    assert result == 1
+    assert isinstance(result, cg.LambdaExpression)
+    assert result.capture == ""
 
 
 @pytest.mark.asyncio