diff --git a/Include/cpython/pyatomic.h b/Include/cpython/pyatomic.h
index 55a139bb915..4ecef4f56ed 100644
--- a/Include/cpython/pyatomic.h
+++ b/Include/cpython/pyatomic.h
@@ -510,6 +510,9 @@ _Py_atomic_load_ssize_acquire(const Py_ssize_t *obj);
 // See https://en.cppreference.com/w/cpp/atomic/atomic_thread_fence
 static inline void _Py_atomic_fence_seq_cst(void);
 
+// Acquire fence
+static inline void _Py_atomic_fence_acquire(void);
+
 // Release fence
 static inline void _Py_atomic_fence_release(void);
 
diff --git a/Include/cpython/pyatomic_gcc.h b/Include/cpython/pyatomic_gcc.h
index f2ebdeeb552..ef09954d53a 100644
--- a/Include/cpython/pyatomic_gcc.h
+++ b/Include/cpython/pyatomic_gcc.h
@@ -542,6 +542,10 @@ static inline void
 _Py_atomic_fence_seq_cst(void)
 { __atomic_thread_fence(__ATOMIC_SEQ_CST); }
 
+ static inline void
+_Py_atomic_fence_acquire(void)
+{ __atomic_thread_fence(__ATOMIC_ACQUIRE); }
+
  static inline void
 _Py_atomic_fence_release(void)
 { __atomic_thread_fence(__ATOMIC_RELEASE); }
diff --git a/Include/cpython/pyatomic_msc.h b/Include/cpython/pyatomic_msc.h
index f32995c1f57..84da21bdcbf 100644
--- a/Include/cpython/pyatomic_msc.h
+++ b/Include/cpython/pyatomic_msc.h
@@ -1066,6 +1066,18 @@ _Py_atomic_fence_seq_cst(void)
 #else
 #  error "no implementation of _Py_atomic_fence_seq_cst"
 #endif
+}
+
+ static inline void
+_Py_atomic_fence_acquire(void)
+{
+#if defined(_M_ARM64)
+    __dmb(_ARM64_BARRIER_ISHLD);
+#elif defined(_M_X64) || defined(_M_IX86)
+    _ReadBarrier();
+#else
+#  error "no implementation of _Py_atomic_fence_acquire"
+#endif
 }
 
  static inline void
diff --git a/Include/cpython/pyatomic_std.h b/Include/cpython/pyatomic_std.h
index 0cdce4e6dd3..7c71e94c68f 100644
--- a/Include/cpython/pyatomic_std.h
+++ b/Include/cpython/pyatomic_std.h
@@ -961,6 +961,13 @@ _Py_atomic_fence_seq_cst(void)
     atomic_thread_fence(memory_order_seq_cst);
 }
 
+ static inline void
+_Py_atomic_fence_acquire(void)
+{
+    _Py_USING_STD;
+    atomic_thread_fence(memory_order_acquire);
+}
+
  static inline void
 _Py_atomic_fence_release(void)
 {
diff --git a/Include/internal/pycore_lock.h b/Include/internal/pycore_lock.h
index e6930cc8eec..2a18bb76447 100644
--- a/Include/internal/pycore_lock.h
+++ b/Include/internal/pycore_lock.h
@@ -228,12 +228,12 @@ PyAPI_FUNC(void) _PySeqLock_AbandonWrite(_PySeqLock *seqlock);
 PyAPI_FUNC(uint32_t) _PySeqLock_BeginRead(_PySeqLock *seqlock);
 
 // End the read operation and confirm that the sequence number has not changed.
-// Returns 1 if the read was successful or 0 if the read should be re-tried.
-PyAPI_FUNC(uint32_t) _PySeqLock_EndRead(_PySeqLock *seqlock, uint32_t previous);
+// Returns 1 if the read was successful or 0 if the read should be retried.
+PyAPI_FUNC(int) _PySeqLock_EndRead(_PySeqLock *seqlock, uint32_t previous);
 
 // Check if the lock was held during a fork and clear the lock.  Returns 1
-// if the lock was held and any associated datat should be cleared.
-PyAPI_FUNC(uint32_t) _PySeqLock_AfterFork(_PySeqLock *seqlock);
+// if the lock was held and any associated data should be cleared.
+PyAPI_FUNC(int) _PySeqLock_AfterFork(_PySeqLock *seqlock);
 
 #ifdef __cplusplus
 }
diff --git a/Misc/NEWS.d/next/Core and Builtins/2024-07-04-23-38-30.gh-issue-121368.m3EF9E.rst b/Misc/NEWS.d/next/Core and Builtins/2024-07-04-23-38-30.gh-issue-121368.m3EF9E.rst
new file mode 100644
index 00000000000..3df5b216cbc
--- /dev/null
+++ b/Misc/NEWS.d/next/Core and Builtins/2024-07-04-23-38-30.gh-issue-121368.m3EF9E.rst	
@@ -0,0 +1,3 @@
+Fix race condition in ``_PyType_Lookup`` in the free-threaded build due to
+a missing memory fence.  This could lead to ``_PyType_Lookup`` returning
+incorrect results on arm64.
diff --git a/Modules/_testcapi/pyatomic.c b/Modules/_testcapi/pyatomic.c
index 4f72844535e..850de6f9c33 100644
--- a/Modules/_testcapi/pyatomic.c
+++ b/Modules/_testcapi/pyatomic.c
@@ -125,6 +125,7 @@ test_atomic_fences(PyObject *self, PyObject *obj) {
     // Just make sure that the fences compile. We are not
     // testing any synchronizing ordering.
     _Py_atomic_fence_seq_cst();
+    _Py_atomic_fence_acquire();
     _Py_atomic_fence_release();
     Py_RETURN_NONE;
 }
diff --git a/Objects/typeobject.c b/Objects/typeobject.c
index 13eac2efb98..4fc241e1190 100644
--- a/Objects/typeobject.c
+++ b/Objects/typeobject.c
@@ -5205,7 +5205,7 @@ _PyType_LookupRef(PyTypeObject *type, PyObject *name)
 #ifdef Py_GIL_DISABLED
     // synchronize-with other writing threads by doing an acquire load on the sequence
     while (1) {
-        int sequence = _PySeqLock_BeginRead(&entry->sequence);
+        uint32_t sequence = _PySeqLock_BeginRead(&entry->sequence);
         uint32_t entry_version = _Py_atomic_load_uint32_relaxed(&entry->version);
         uint32_t type_version = _Py_atomic_load_uint32_acquire(&type->tp_version_tag);
         if (entry_version == type_version &&
diff --git a/Python/lock.c b/Python/lock.c
index 7c6a5175e88..57675fe1873 100644
--- a/Python/lock.c
+++ b/Python/lock.c
@@ -514,6 +514,7 @@ void _PySeqLock_LockWrite(_PySeqLock *seqlock)
         }
         else if (_Py_atomic_compare_exchange_uint32(&seqlock->sequence, &prev, prev + 1)) {
             // We've locked the cache
+            _Py_atomic_fence_release();
             break;
         }
         else {
@@ -547,28 +548,31 @@ uint32_t _PySeqLock_BeginRead(_PySeqLock *seqlock)
     return sequence;
 }
 
-uint32_t _PySeqLock_EndRead(_PySeqLock *seqlock, uint32_t previous)
+int _PySeqLock_EndRead(_PySeqLock *seqlock, uint32_t previous)
 {
-    // Synchronize again and validate that the entry hasn't been updated
-    // while we were readying the values.
-     if (_Py_atomic_load_uint32_acquire(&seqlock->sequence) == previous) {
-        return 1;
-     }
+    // gh-121368: We need an explicit acquire fence here to ensure that
+    // this load of the sequence number is not reordered before any loads
+    // within the read lock.
+    _Py_atomic_fence_acquire();
 
-     _Py_yield();
-     return 0;
+    if (_Py_atomic_load_uint32_relaxed(&seqlock->sequence) == previous) {
+        return 1;
+    }
+
+    _Py_yield();
+    return 0;
 }
 
-uint32_t _PySeqLock_AfterFork(_PySeqLock *seqlock)
+int _PySeqLock_AfterFork(_PySeqLock *seqlock)
 {
     // Synchronize again and validate that the entry hasn't been updated
     // while we were readying the values.
-     if (SEQLOCK_IS_UPDATING(seqlock->sequence)) {
+    if (SEQLOCK_IS_UPDATING(seqlock->sequence)) {
         seqlock->sequence = 0;
         return 1;
-     }
+    }
 
-     return 0;
+    return 0;
 }
 
 #undef PyMutex_Lock