diff --git a/packages/react-dom/src/__tests__/ReactDOMServerIntegrationHooks-test.js b/packages/react-dom/src/__tests__/ReactDOMServerIntegrationHooks-test.js
index afd366aaa203..65e4188dc9c4 100644
--- a/packages/react-dom/src/__tests__/ReactDOMServerIntegrationHooks-test.js
+++ b/packages/react-dom/src/__tests__/ReactDOMServerIntegrationHooks-test.js
@@ -564,7 +564,7 @@ describe('ReactDOMServerHooks', () => {
   });
 
   describe('useCallback', () => {
-    itRenders('should ignore callbacks on the server', async render => {
+    itRenders('should not invoke the passed callbacks', async render => {
       function Counter(props) {
         useCallback(() => {
           yieldValue('should not be invoked');
@@ -589,6 +589,34 @@ describe('ReactDOMServerHooks', () => {
       expect(domNode.tagName).toEqual('SPAN');
       expect(domNode.textContent).toEqual('Count: 5');
     });
+
+    itRenders(
+      'should only change the returned reference when the inputs change',
+      async render => {
+        function CapitalizedText(props) {
+          const [text, setText] = useState(props.text);
+          const [count, setCount] = useState(0);
+          const capitalizeText = useCallback(() => text.toUpperCase(), [text]);
+          yieldValue(capitalizeText);
+          if (count < 3) {
+            setCount(count + 1);
+          }
+          if (text === 'hello' && count === 2) {
+            setText('hello, world.');
+          }
+          return <Text text={capitalizeText()} />;
+        }
+
+        const domNode = await render(<CapitalizedText text="hello" />);
+        const [first, second, third, fourth, result] = clearYields();
+        expect(first).toBe(second);
+        expect(second).toBe(third);
+        expect(third).not.toBe(fourth);
+        expect(result).toEqual('HELLO, WORLD.');
+        expect(domNode.tagName).toEqual('SPAN');
+        expect(domNode.textContent).toEqual('HELLO, WORLD.');
+      },
+    );
   });
 
   describe('useImperativeHandle', () => {
diff --git a/packages/react-dom/src/server/ReactPartialRendererHooks.js b/packages/react-dom/src/server/ReactPartialRendererHooks.js
index 23e5af5b0c7d..ba69b1f37582 100644
--- a/packages/react-dom/src/server/ReactPartialRendererHooks.js
+++ b/packages/react-dom/src/server/ReactPartialRendererHooks.js
@@ -456,8 +456,7 @@ export function useCallback<T>(
   callback: T,
   deps: Array<mixed> | void | null,
 ): T {
-  // Callbacks are passed as they are in the server environment.
-  return callback;
+  return useMemo(() => callback, deps);
 }
 
 function useResponder(responder, props): ReactEventResponderListener<any, any> {