diff --git a/src/agents/result.py b/src/agents/result.py
index 5e27634f7..5ee072eac 100644
--- a/src/agents/result.py
+++ b/src/agents/result.py
@@ -480,7 +480,10 @@ async def stream_events(self) -> AsyncIterator[StreamEvent]:
         try:
             while True:
                 self._check_errors()
-                if self._stored_exception:
+                should_drain_queued_events = isinstance(self._stored_exception, MaxTurnsExceeded)
+                if self._stored_exception and (
+                    not should_drain_queued_events or self._event_queue.empty()
+                ):
                     logger.debug("Breaking due to stored exception")
                     self.is_complete = True
                     break
diff --git a/tests/test_agent_runner_streamed.py b/tests/test_agent_runner_streamed.py
index 10004e88f..ae234a706 100644
--- a/tests/test_agent_runner_streamed.py
+++ b/tests/test_agent_runner_streamed.py
@@ -1325,6 +1325,56 @@ async def test_tool() -> str:
             pass
 
 
+@pytest.mark.asyncio
+async def test_streaming_max_turns_emits_pending_tool_output_events() -> None:
+    async def test_tool() -> str:
+        return "tool_result"
+
+    tool = function_tool(test_tool, name_override="test_tool")
+    model, agent = make_model_and_agent(name="test", tools=[tool])
+
+    queue_function_call_and_text(
+        model,
+        get_function_tool_call("test_tool", json.dumps({})),
+        followup=[get_text_message("done")],
+    )
+
+    result = Runner.run_streamed(agent, input="Use test_tool", max_turns=1)
+    streamed_item_types: list[str] = []
+
+    with pytest.raises(MaxTurnsExceeded):
+        async for event in result.stream_events():
+            if event.type == "run_item_stream_event":
+                streamed_item_types.append(event.item.type)
+
+    assert "tool_call_item" in streamed_item_types
+    assert "tool_call_output_item" in streamed_item_types
+
+
+@pytest.mark.asyncio
+async def test_streaming_non_max_turns_exception_does_not_emit_queued_events() -> None:
+    model, agent = make_model_and_agent(name="test")
+    model.set_next_output([get_text_message("done")])
+
+    result = Runner.run_streamed(agent, input="hello")
+    result.cancel()
+    await asyncio.sleep(0)
+
+    while not result._event_queue.empty():
+        result._event_queue.get_nowait()
+        result._event_queue.task_done()
+
+    result._stored_exception = RuntimeError("guardrail-triggered")
+    result._event_queue.put_nowait(AgentUpdatedStreamEvent(new_agent=agent))
+
+    streamed_events: list[StreamEvent] = []
+    with pytest.raises(RuntimeError, match="guardrail-triggered"):
+        async for event in result.stream_events():
+            streamed_events.append(event)
+
+    assert streamed_events == []
+
+
 @pytest.mark.asyncio
 async def test_streaming_hitl_server_conversation_tracker_priming():
     """Test that resuming streaming run from RunState primes server conversation tracker."""