diff --git a/CHANGELOG.md b/CHANGELOG.md
index 73bb2ef396..750422b38c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -18,6 +18,7 @@
 - Probe class availability without initializing the class during SDK init ([#5635](https://github.com/getsentry/sentry-java/pull/5635))
 - Avoid constructing an exception per view when resolving view ids during view-hierarchy and gesture capture ([#5631](https://github.com/getsentry/sentry-java/pull/5631))
 - Start the frame metrics thread lazily on first collection instead of during SDK init ([#5641](https://github.com/getsentry/sentry-java/pull/5641))
+- Reduce `SentryId` and `SpanId` allocation overhead by replacing their per-instance `LazyEvaluator` (and its lock) with a lightweight lazily-generated `String`. ([#5645](https://github.com/getsentry/sentry-java/pull/5645))
 
 ## 8.46.0
 
diff --git a/sentry/src/main/java/io/sentry/SpanId.java b/sentry/src/main/java/io/sentry/SpanId.java
index fcc7f3a4f3..2048647f9f 100644
--- a/sentry/src/main/java/io/sentry/SpanId.java
+++ b/sentry/src/main/java/io/sentry/SpanId.java
@@ -2,24 +2,35 @@
 
 import static io.sentry.util.StringUtils.PROPER_NIL_UUID;
 
-import io.sentry.util.LazyEvaluator;
 import java.io.IOException;
 import java.util.Objects;
 import org.jetbrains.annotations.NotNull;
+import org.jetbrains.annotations.Nullable;
 
 public final class SpanId implements JsonSerializable {
   public static final SpanId EMPTY_ID =
       new SpanId(PROPER_NIL_UUID.replace("-", "").substring(0, 16));
 
-  private final @NotNull LazyEvaluator<String> lazyValue;
+  private volatile @Nullable String value;
 
   public SpanId(final @NotNull String value) {
-    Objects.requireNonNull(value, "value is required");
-    this.lazyValue = new LazyEvaluator<>(() -> value);
+    this.value = Objects.requireNonNull(value, "value is required");
   }
 
-  public SpanId() {
-    this.lazyValue = new LazyEvaluator<>(SentryUUID::generateSpanId);
+  public SpanId() {}
+
+  private @NotNull String getValue() {
+    String result = value;
+    if (result == null) {
+      synchronized (this) {
+        result = value;
+        if (result == null) {
+          result = SentryUUID.generateSpanId();
+          value = result;
+        }
+      }
+    }
+    return result;
   }
 
   @Override
@@ -27,17 +38,17 @@ public boolean equals(Object o) {
     if (this == o) return true;
     if (o == null || getClass() != o.getClass()) return false;
     SpanId spanId = (SpanId) o;
-    return lazyValue.getValue().equals(spanId.lazyValue.getValue());
+    return getValue().equals(spanId.getValue());
   }
 
   @Override
   public int hashCode() {
-    return lazyValue.getValue().hashCode();
+    return getValue().hashCode();
   }
 
   @Override
   public String toString() {
-    return lazyValue.getValue();
+    return getValue();
   }
 
   // JsonElementSerializer
@@ -45,7 +56,7 @@ public String toString() {
   @Override
   public void serialize(final @NotNull ObjectWriter writer, final @NotNull ILogger logger)
       throws IOException {
-    writer.value(lazyValue.getValue());
+    writer.value(getValue());
   }
 
   // JsonElementDeserializer
diff --git a/sentry/src/main/java/io/sentry/protocol/SentryId.java b/sentry/src/main/java/io/sentry/protocol/SentryId.java
index a5bd7980c3..8d85afe463 100644
--- a/sentry/src/main/java/io/sentry/protocol/SentryId.java
+++ b/sentry/src/main/java/io/sentry/protocol/SentryId.java
@@ -6,7 +6,6 @@
 import io.sentry.ObjectReader;
 import io.sentry.ObjectWriter;
 import io.sentry.SentryUUID;
-import io.sentry.util.LazyEvaluator;
 import io.sentry.util.StringUtils;
 import io.sentry.util.UUIDStringUtils;
 import java.io.IOException;
@@ -19,19 +18,15 @@ public final class SentryId implements JsonSerializable {
   public static final SentryId EMPTY_ID =
       new SentryId(StringUtils.PROPER_NIL_UUID.replace("-", ""));
 
-  private final @NotNull LazyEvaluator<String> lazyStringValue;
+  private volatile @Nullable String value;
+  private final @Nullable UUID uuid;
 
   public SentryId() {
     this((UUID) null);
   }
 
   public SentryId(@Nullable UUID uuid) {
-    if (uuid != null) {
-      this.lazyStringValue =
-          new LazyEvaluator<>(() -> normalize(UUIDStringUtils.toSentryIdString(uuid)));
-    } else {
-      this.lazyStringValue = new LazyEvaluator<>(SentryUUID::generateSentryId);
-    }
+    this.uuid = uuid;
   }
 
   public SentryId(final @NotNull String sentryIdString) {
@@ -42,16 +37,30 @@ public SentryId(final @NotNull String sentryIdString) {
               + "or 36 characters long (completed UUID). Received: "
               + sentryIdString);
     }
-    if (normalized.length() == 36) {
-      this.lazyStringValue = new LazyEvaluator<>(() -> normalize(normalized));
-    } else {
-      this.lazyStringValue = new LazyEvaluator<>(() -> normalized);
+    this.uuid = null;
+    this.value = normalized.length() == 36 ? normalized.replace("-", "") : normalized;
+  }
+
+  private @NotNull String getValue() {
+    String result = value;
+    if (result == null) {
+      synchronized (this) {
+        result = value;
+        if (result == null) {
+          result =
+              uuid != null
+                  ? normalize(UUIDStringUtils.toSentryIdString(uuid))
+                  : SentryUUID.generateSentryId();
+          value = result;
+        }
+      }
     }
+    return result;
   }
 
   @Override
   public String toString() {
-    return lazyStringValue.getValue();
+    return getValue();
   }
 
   @Override
@@ -59,12 +68,12 @@ public boolean equals(final @Nullable Object o) {
     if (this == o) return true;
     if (o == null || getClass() != o.getClass()) return false;
     SentryId sentryId = (SentryId) o;
-    return lazyStringValue.getValue().equals(sentryId.lazyStringValue.getValue());
+    return getValue().equals(sentryId.getValue());
   }
 
   @Override
   public int hashCode() {
-    return lazyStringValue.getValue().hashCode();
+    return getValue().hashCode();
   }
 
   private @NotNull String normalize(@NotNull String uuidString) {