diff --git a/CHANGELOG.md b/CHANGELOG.md
index 951c09c72854..245196b27fb8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -18,6 +18,8 @@
 
 ### Performance
 
+- `[jest-runner]` Do not instrument v8 coverage data if coverage should not be collected [#13282](https://github.com/facebook/jest/pull/13282)
+
 ## 29.1.2
 
 ### Fixes
diff --git a/packages/jest-runner/src/runTest.ts b/packages/jest-runner/src/runTest.ts
index 8a1d045f27e2..cd5d613864ba 100644
--- a/packages/jest-runner/src/runTest.ts
+++ b/packages/jest-runner/src/runTest.ts
@@ -280,6 +280,7 @@ async function runTestInternal(
 
   // if we don't have `getVmContext` on the env skip coverage
   const collectV8Coverage =
+    globalConfig.collectCoverage &&
     globalConfig.coverageProvider === 'v8' &&
     typeof environment.getVmContext === 'function';