diff --git a/sqlmesh/core/dialect.py b/sqlmesh/core/dialect.py
index 88e09f4916..1a42480c13 100644
--- a/sqlmesh/core/dialect.py
+++ b/sqlmesh/core/dialect.py
@@ -419,6 +419,20 @@ def _parse_limit(
     return macro
 
 
+def _parse_value(self: Parser, values: bool = True) -> t.Optional[exp.Expression]:
+    wrapped = self._match(TokenType.L_PAREN, advance=False)
+
+    # The base _parse_value method always constructs a Tuple instance. This is problematic when
+    # generating values with a macro function, because it's impossible to tell whether the user's
+    # intention was to construct a row or a column with the VALUES expression. To avoid this, we
+    # amend the AST such that the Tuple is replaced by the macro function call itself.
+    expr = self.__parse_value()  # type: ignore
+    if expr and not wrapped and isinstance(seq_get(expr.expressions, 0), MacroFunc):
+        return expr.expressions[0]
+
+    return expr
+
+
 def _parse_macro_or_clause(self: Parser, parser: t.Callable) -> t.Optional[exp.Expression]:
     return _parse_macro(self) if self._match(TokenType.PARAMETER) else parser()
 
@@ -1063,6 +1077,7 @@ def extend_sqlglot() -> None:
     _override(Parser, _parse_with)
     _override(Parser, _parse_having)
     _override(Parser, _parse_limit)
+    _override(Parser, _parse_value)
     _override(Parser, _parse_lambda)
     _override(Parser, _parse_types)
     _override(Parser, _parse_if)
diff --git a/tests/core/test_macros.py b/tests/core/test_macros.py
index c235430a69..f1beeeb3b5 100644
--- a/tests/core/test_macros.py
+++ b/tests/core/test_macros.py
@@ -575,6 +575,26 @@ def test_ast_correctness(macro_evaluator):
             "SELECT 3",
             {},
         ),
+        (
+            "SELECT * FROM (VALUES @EACH([1, 2, 3], v -> (v)) ) AS v",
+            "SELECT * FROM (VALUES (1), (2), (3)) AS v",
+            {},
+        ),
+        (
+            "SELECT * FROM (VALUES (@EACH([1, 2, 3], v -> (v))) ) AS v",
+            "SELECT * FROM (VALUES ((1), (2), (3))) AS v",
+            {},
+        ),
+        (
+            "SELECT * FROM (VALUES @EACH([1, 2, 3], v -> (v, @EVAL(@v + 1))) ) AS v",
+            "SELECT * FROM (VALUES (1, 2), (2, 3), (3, 4)) AS v",
+            {},
+        ),
+        (
+            "SELECT * FROM (VALUES (@EACH([1, 2, 3], v -> (v, @EVAL(@v + 1)))) ) AS v",
+            "SELECT * FROM (VALUES ((1, 2), (2, 3), (3, 4))) AS v",
+            {},
+        ),
     ],
 )
 def test_macro_functions(macro_evaluator: MacroEvaluator, assert_exp_eq, sql, expected, args):