diff --git a/packages/lexical-markdown/src/MarkdownExport.ts b/packages/lexical-markdown/src/MarkdownExport.ts
index 9423f839f1c0..1f4c559e3529 100644
--- a/packages/lexical-markdown/src/MarkdownExport.ts
+++ b/packages/lexical-markdown/src/MarkdownExport.ts
@@ -14,6 +14,7 @@ import type {
 } from '@lexical/markdown';
 import type {ElementNode, LexicalNode, TextFormatType, TextNode} from 'lexical';
 
+import {$isLinkNode} from '@lexical/link';
 import {
   $getRoot,
   $isDecoratorNode,
@@ -176,7 +177,7 @@ function getTextSibling(node: TextNode, backward: boolean): TextNode | null {
   if (!sibling) {
     const parent = node.getParentOrThrow();
 
-    if (parent.isInline()) {
+    if (parent.isInline() && !$isLinkNode(parent)) {
       sibling = backward
         ? parent.getPreviousSibling()
         : parent.getNextSibling();
@@ -185,7 +186,7 @@ function getTextSibling(node: TextNode, backward: boolean): TextNode | null {
 
   while (sibling) {
     if ($isElementNode(sibling)) {
-      if (!sibling.isInline()) {
+      if (!sibling.isInline() || $isLinkNode(sibling)) {
         break;
       }
 
diff --git a/packages/lexical-markdown/src/__tests__/unit/LexicalMarkdown.test.ts b/packages/lexical-markdown/src/__tests__/unit/LexicalMarkdown.test.ts
index a4aeb7ba7d5e..4623b6cec6d2 100644
--- a/packages/lexical-markdown/src/__tests__/unit/LexicalMarkdown.test.ts
+++ b/packages/lexical-markdown/src/__tests__/unit/LexicalMarkdown.test.ts
@@ -117,6 +117,10 @@ describe('Markdown', () => {
       html: '<p><span style="white-space: pre-wrap;">Hello </span><a href="https://lexical.dev"><code spellcheck="false" style="white-space: pre-wrap;"><span>XXX</span></code></a><span style="white-space: pre-wrap;"> world</span></p>',
       md: 'Hello [`XXX`](https://lexical.dev) world',
     },
+    {
+      html: '<p><code spellcheck="false" style="white-space: pre-wrap;"><span>Hello</span></code><span style="white-space: pre-wrap;"> </span><a href="https://lexical.dev"><code spellcheck="false" style="white-space: pre-wrap;"><span>XXY</span></code></a></p>',
+      md: '`Hello` [`XXY`](https://lexical.dev)',
+    },
     {
       html: '<p><s><span style="white-space: pre-wrap;">Hello</span></s><span style="white-space: pre-wrap;"> world</span></p>',
       md: '~~Hello~~ world',