diff --git a/homeassistant/components/esphome/dashboard.py b/homeassistant/components/esphome/dashboard.py
index b618e012d986..f7788d014074 100644
--- a/homeassistant/components/esphome/dashboard.py
+++ b/homeassistant/components/esphome/dashboard.py
@@ -61,21 +61,25 @@ class ESPHomeDashboardManager:
         if not (data := self._data) or not (info := data.get("info")):
             return
         if is_hassio(self._hass):
-            from homeassistant.components.hassio import get_addons_info  # noqa: PLC0415
+            from homeassistant.components.hassio import (  # noqa: PLC0415
+                HassioNotReadyError,
+                get_addons_info,
+            )
 
-            # This may raise HassioNotReadyError if Supervisor was unreachable
-            # during setup of the Supervisor integration. That will fail setup
-            # of this integration. However there is no better option at this time
-            # since we need to know if the addon is installed from Supervisor to
-            # correctly setup this integration and we can't raise ConfigEntryNotReady
-            # to trigger a retry from async_setup.
-            addons = get_addons_info(self._hass)
-            if info["addon_slug"] not in addons:
-                # The addon is not installed anymore, but it make come back
-                # so we don't want to remove the dashboard, but for now
-                # we don't want to use it.
-                _LOGGER.debug("Addon %s is no longer installed", info["addon_slug"])
-                return
+            try:
+                addons = get_addons_info(self._hass)
+            except HassioNotReadyError:
+                # Supervisor was unreachable during its own setup, so we cannot
+                # tell if the addon is installed. Restore the dashboard anyway,
+                # a stale one only fails to refresh.
+                _LOGGER.debug("Supervisor is not ready, skipping addon check")
+            else:
+                if info["addon_slug"] not in addons:
+                    # The addon is not installed anymore, but it make come back
+                    # so we don't want to remove the dashboard, but for now
+                    # we don't want to use it.
+                    _LOGGER.debug("Addon %s is no longer installed", info["addon_slug"])
+                    return
 
         await self.async_set_dashboard_info(
             info["addon_slug"], info["host"], info["port"]
diff --git a/tests/components/esphome/test_dashboard.py b/tests/components/esphome/test_dashboard.py
index 9887dfd2783b..e98e65fa71f1 100644
--- a/tests/components/esphome/test_dashboard.py
+++ b/tests/components/esphome/test_dashboard.py
@@ -7,6 +7,7 @@ from aioesphomeapi import APIClient, DeviceInfo, InvalidEncryptionKeyAPIError
 import pytest
 
 from homeassistant.components.esphome import CONF_NOISE_PSK, DOMAIN, dashboard
+from homeassistant.components.hassio import HassioNotReadyError
 from homeassistant.config_entries import ConfigEntryState
 from homeassistant.core import HomeAssistant
 from homeassistant.data_entry_flow import FlowResultType
@@ -110,6 +111,35 @@ async def test_restore_dashboard_storage_skipped_if_addon_uninstalled(
         assert not mock_dashboard_api.called
 
 
+@pytest.mark.usefixtures("hassio_stubs")
+async def test_restore_dashboard_storage_if_supervisor_not_ready(
+    hass: HomeAssistant,
+    hass_storage: dict[str, Any],
+) -> None:
+    """Restore the dashboard, without failing setup, if Supervisor is not ready."""
+    hass_storage[dashboard.STORAGE_KEY] = {
+        "version": dashboard.STORAGE_VERSION,
+        "minor_version": dashboard.STORAGE_VERSION,
+        "key": dashboard.STORAGE_KEY,
+        "data": {"info": {"addon_slug": "test-slug", "host": "new-host", "port": 6052}},
+    }
+    with (
+        patch(
+            "homeassistant.components.esphome.coordinator.ESPHomeDashboardAPI"
+        ) as mock_dashboard_api,
+        patch(
+            "homeassistant.components.esphome.dashboard.is_hassio", return_value=True
+        ),
+        patch(
+            "homeassistant.components.hassio.get_addons_info",
+            side_effect=HassioNotReadyError,
+        ),
+    ):
+        assert await async_setup_component(hass, DOMAIN, {})
+        await hass.async_block_till_done()
+        assert mock_dashboard_api.mock_calls[0][1][0] == "http://new-host:6052"
+
+
 async def test_setup_dashboard_fails(
     hass: HomeAssistant,
     hass_storage: dict[str, Any],