diff --git a/CHANGELOG.md b/CHANGELOG.md
index 302ce8c365..db0e24516a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -85,6 +85,10 @@
 
 - Fixed a panic that could occur during deletion. (https://github.com/pulumi/pulumi-kubernetes/issues/3157)
 
+- Fixed an error that could occur when previewing `yaml/v2` resources which
+  depend on CRDs created in the same update.
+  (https://github.com/pulumi/pulumi-kubernetes/issues/3176)
+
 ## 4.17.1 (August 16, 2024)
 
 ### Fixed
diff --git a/provider/pkg/provider/yaml/v2/yaml.go b/provider/pkg/provider/yaml/v2/yaml.go
index 1275f42b07..2903fa568a 100644
--- a/provider/pkg/provider/yaml/v2/yaml.go
+++ b/provider/pkg/provider/yaml/v2/yaml.go
@@ -167,7 +167,14 @@ func Normalize(objs []unstructured.Unstructured, defaultNamespace string, client
 		// determine whether the kind is namespaced, which may involve a call to the API server.
 		// note that the object list is searched for a matching CRD before resorting to a discovery call.
 		isNamespaced, err := clients.IsNamespacedKind(gvk, clientSet, objs...)
-		if err != nil {
+		if clients.IsNoNamespaceInfoErr(err) {
+			// This can happen during previews, or when running concurrent with
+			// a Release which doesn't give us visibility into the CRDs it will
+			// be creating. Since we can't tell for sure at this point, assume
+			// it is namespaced, and correct if required during the Create
+			// step.
+			isNamespaced = true
+		} else if err != nil {
 			return nil, err
 		}
 		if isNamespaced && obj.GetNamespace() == "" {
diff --git a/provider/pkg/provider/yaml/v2/yaml_test.go b/provider/pkg/provider/yaml/v2/yaml_test.go
index 362352a1c4..8dd1d42969 100644
--- a/provider/pkg/provider/yaml/v2/yaml_test.go
+++ b/provider/pkg/provider/yaml/v2/yaml_test.go
@@ -553,6 +553,28 @@ var _ = Describe("Normalize", func() {
 				))
 			})
 		})
+
+		Context("when the object is an unrecognized custom resource", func() {
+			BeforeEach(func() {
+				objs = []unstructured.Unstructured{{
+					Object: map[string]any{
+						"apiVersion": "test.pulumi.com/v1",
+						"kind":       "Unknown",
+						"metadata": map[string]any{
+							"name": "foo",
+						},
+					},
+				}}
+			})
+
+			It("should assume it is namespaced", func(ctx context.Context) {
+				objs, err := Normalize(objs, defaultNamespace, clientSet)
+				Expect(err).ShouldNot(HaveOccurred())
+				Expect(objs).To(HaveExactElements(
+					matchUnstructured(Keys{"metadata": MatchKeys(IgnoreExtras, Keys{"namespace": Equal("default")})}),
+				))
+			})
+		})
 	})
 
 	Describe("special-case kinds", func() {