diff --git a/meta/classes-recipe/rust-common.bbclass b/meta/classes-recipe/rust-common.bbclass
index 057aeda67a..6bc42016d1 100644
--- a/meta/classes-recipe/rust-common.bbclass
+++ b/meta/classes-recipe/rust-common.bbclass
@@ -14,7 +14,9 @@ FILES:${PN}-dev += "${rustlibdir}/*.rlib ${rustlibdir}/*.rmeta"
 FILES:${PN}-dbg += "${rustlibdir}/.debug"
 
 RUSTLIB ?= "-L ${STAGING_DIR_HOST}${rustlibdir}"
-RUST_DEBUG_REMAP = "--remap-path-prefix=${WORKDIR}=${TARGET_DBGSRC_DIR}"
+RUST_DEBUG_REMAP = "--remap-path-prefix=${WORKDIR}=${TARGET_DBGSRC_DIR} \
+                    --remap-path-prefix=${TMPDIR}/work-shared=${TARGET_DBGSRC_DIR} \
+"
 RUSTFLAGS += "${RUSTLIB} ${RUST_DEBUG_REMAP}"
 RUSTLIB_DEP ??= "libstd-rs"
 RUST_PANIC_STRATEGY ??= "unwind"
diff --git a/meta/conf/distro/include/maintainers.inc b/meta/conf/distro/include/maintainers.inc
index 4c6307086c..bfff5082c2 100644
--- a/meta/conf/distro/include/maintainers.inc
+++ b/meta/conf/distro/include/maintainers.inc
@@ -784,6 +784,7 @@ RECIPE_MAINTAINER:pn-ruby = "Ross Burton <ross.burton@arm.com>"
 RECIPE_MAINTAINER:pn-run-postinsts = "Ross Burton <ross.burton@arm.com>"
 RECIPE_MAINTAINER:pn-rust = "Randy MacLeod <Randy.MacLeod@windriver.com>"
 RECIPE_MAINTAINER:pn-rust-cross-canadian-${TRANSLATED_TARGET_ARCH} = "Randy MacLeod <Randy.MacLeod@windriver.com>"
+RECIPE_MAINTAINER:pn-rust-source-1.96.1 = "Deepesh Varatharajan <Deepesh.Varatharajan@windriver.com>"
 RECIPE_MAINTAINER:pn-rxvt-unicode = "Unassigned <unassigned@yoctoproject.org>"
 RECIPE_MAINTAINER:pn-sassc = "Simone Weiß <simone.p.weiss@posteo.com>"
 RECIPE_MAINTAINER:pn-sato-icon-theme = "Richard Purdie <richard.purdie@linuxfoundation.org>"
diff --git a/meta/lib/oeqa/selftest/cases/rust.py b/meta/lib/oeqa/selftest/cases/rust.py
index c961a8f652..4111d72044 100644
--- a/meta/lib/oeqa/selftest/cases/rust.py
+++ b/meta/lib/oeqa/selftest/cases/rust.py
@@ -46,7 +46,8 @@ class RustSelfTestSystemEmulated(OESelftestTestCase, OEPTestResultTestCase):
         recipe = "rust"
         start_time = time.time()
         bitbake("{} -c test_compile".format(recipe))
-        builddir = get_bb_var("RUSTSRC", "rust")
+        builddir = get_bb_var("B", "rust")
+        sourcedir = get_bb_var("RUSTSRC", "rust")
         # build core-image-minimal with required packages
         default_installed_packages = ["libgcc", "libstdc++", "libatomic", "libgomp", "libzstd", "llvm", "openssl"]
         features = []
@@ -111,7 +112,7 @@ class RustSelfTestSystemEmulated(OESelftestTestCase, OEPTestResultTestCase):
             # Copy remote-test-server to image through scp
             host_sys = get_bb_var("RUST_BUILD_SYS", "rust")
             ssh = SSHControl(ip=qemu.ip, logfile=qemu.sshlog, user="root")
-            ssh.copy_to(builddir + "/build/" + host_sys + "/stage2-tools-bin/remote-test-server","~/")
+            ssh.copy_to(builddir + "/rust-build/" + host_sys + "/stage2-tools-bin/remote-test-server","~/")
             # Execute remote-test-server on image through background ssh
             command = '~/remote-test-server --bind 0.0.0.0:12345 -v'
             sshrun=subprocess.Popen(("ssh", '-o',  'UserKnownHostsFile=/dev/null', '-o',  'StrictHostKeyChecking=no', '-f', "root@%s" % qemu.ip, command), shell=False, stdout=subprocess.PIPE, stderr=subprocess.PIPE)
@@ -131,8 +132,10 @@ class RustSelfTestSystemEmulated(OESelftestTestCase, OEPTestResultTestCase):
             # PowerPC mac99 QEMU has 768MB RAM limit, so we need to minimize test binary sizes
             cmd = cmd + " export RUSTFLAGS='-C strip=debuginfo -Clink-arg=-lz -Clink-arg=-lzstd';"
             # Trigger testing.
+            # Run bootstrap from sourcedir with explicit --build-dir and --config
+            # pointing to the separate build directory.
             cmd = cmd + " export TEST_DEVICE_ADDR=\"%s:12345\";" % qemu.ip
-            cmd = cmd + " cd %s; python3 src/bootstrap/bootstrap.py test %s --target %s" % (builddir, testargs, targetsys)
+            cmd = cmd + " cd %s; python3 src/bootstrap/bootstrap.py --build-dir %s/rust-build --config %s/config.toml test %s --target %s" % (sourcedir, builddir, builddir, testargs, targetsys)
             retval = runCmd(cmd)
             end_time = time.time()
 
diff --git a/meta/recipes-devtools/rust/cargo_1.96.1.bb b/meta/recipes-devtools/rust/cargo_git.bb
similarity index 91%
rename from meta/recipes-devtools/rust/cargo_1.96.1.bb
rename to meta/recipes-devtools/rust/cargo_git.bb
index f16688fc76..8047a2b255 100644
--- a/meta/recipes-devtools/rust/cargo_1.96.1.bb
+++ b/meta/recipes-devtools/rust/cargo_git.bb
@@ -13,6 +13,8 @@ LIC_FILES_CHKSUM = " \
 
 require rust-source.inc
 require rust-snapshot.inc
+# Use shared source tree from rust-source.bb; disables local fetch/unpack/patch
+require common-source.inc
 
 S = "${RUSTSRC}/src/tools/cargo"
 CARGO_VENDORING_DIRECTORY = "${RUSTSRC}/vendor"
@@ -21,6 +23,9 @@ CVE_PRODUCT = "rust-lang:cargo"
 
 inherit cargo pkgconfig
 
+# Explicit CARGO_HOME avoids cargo caching in the shared source tree
+CARGO_HOME = "${WORKDIR}/cargo_home"
+
 DEBUG_PREFIX_MAP += "-ffile-prefix-map=${RUSTSRC}/vendor=${TARGET_DBGSRC_DIR}"
 
 do_cargo_setup_snapshot () {
@@ -32,9 +37,10 @@ do_cargo_setup_snapshot () {
 	fi
 }
 
-addtask cargo_setup_snapshot after do_unpack before do_configure
+addtask cargo_setup_snapshot before do_configure
 do_cargo_setup_snapshot[dirs] += "${WORKDIR}/${CARGO_SNAPSHOT}"
 do_cargo_setup_snapshot[vardepsexclude] += "UNINATIVE_LOADER"
+do_cargo_setup_snapshot[depends] += "rust-source-${PV}:do_unpack"
 
 do_compile:prepend () {
 	export RUSTC_BOOTSTRAP="1"
diff --git a/meta/recipes-devtools/rust/common-source.inc b/meta/recipes-devtools/rust/common-source.inc
new file mode 100644
index 0000000000..a0d4dc542c
--- /dev/null
+++ b/meta/recipes-devtools/rust/common-source.inc
@@ -0,0 +1,28 @@
+# common-source.inc - Disable source tasks for recipes using shared rust-source
+#
+# Recipes that include this file rely on rust-source-${PV} for fetching,
+# unpacking, and patching the Rust source tree. This avoids duplicating the
+# ~4.2 GB rustc-src tree per recipe variant (rust, cargo, libstd-rs and their
+# native/nativesdk counterparts).
+
+# Disable local fetch/unpack/patch since rust-source-${PV} handles them
+do_fetch() {
+        :
+}
+do_fetch[noexec] = "1"
+deltask do_unpack
+deltask do_patch
+
+# Clear SRC_URI to prevent fetcher warnings from stale URIs inherited via .inc
+SRC_URI = ""
+
+# Ensure the shared source is fully ready before dependent tasks run
+do_configure[depends] += "rust-source-${PV}:do_patch"
+do_populate_lic[depends] += "rust-source-${PV}:do_unpack"
+do_create_spdx[depends] += "rust-source-${PV}:do_patch"
+
+# The SPDX class uses is_work_shared_spdx() to detect shared workdirs.
+# Since we redirect S rather than WORKDIR, the default detection fails.
+# Override to always return True so SPDX processing works correctly.
+def is_work_shared_spdx(d):
+    return True
diff --git a/meta/recipes-devtools/rust/libstd-rs_1.96.1.bb b/meta/recipes-devtools/rust/libstd-rs_git.bb
similarity index 92%
rename from meta/recipes-devtools/rust/libstd-rs_1.96.1.bb
rename to meta/recipes-devtools/rust/libstd-rs_git.bb
index 2a5e977a5e..31d42a8525 100644
--- a/meta/recipes-devtools/rust/libstd-rs_1.96.1.bb
+++ b/meta/recipes-devtools/rust/libstd-rs_git.bb
@@ -5,6 +5,7 @@ LICENSE = "(MIT | Apache-2.0) & Unicode-3.0"
 LIC_FILES_CHKSUM = "file://../../COPYRIGHT;md5=11a3899825f4376896e438c8c753f8dc"
 
 require rust-source.inc
+require common-source.inc
 
 # The dummy crate named `sysroot` represents the standard library target.
 #
@@ -30,6 +31,9 @@ CARGO_FEATURES ?= "panic-unwind backtrace"
 CARGO_BUILD_FLAGS += "--features '${CARGO_FEATURES}'"
 CARGO_VENDORING_DIRECTORY = "${RUSTSRC}/vendor"
 
+# Explicit CARGO_HOME avoids cargo caching in the shared source tree
+CARGO_HOME = "${WORKDIR}/cargo_home"
+
 do_compile:prepend () {
     # For Rust 1.13.0 and newer
     export RUSTC_BOOTSTRAP="1"
diff --git a/meta/recipes-devtools/rust/rust-cross-canadian_1.96.1.bb b/meta/recipes-devtools/rust/rust-cross-canadian_git.bb
similarity index 100%
rename from meta/recipes-devtools/rust/rust-cross-canadian_1.96.1.bb
rename to meta/recipes-devtools/rust/rust-cross-canadian_git.bb
diff --git a/meta/recipes-devtools/rust/rust-source.bb b/meta/recipes-devtools/rust/rust-source.bb
new file mode 100644
index 0000000000..ba696984b3
--- /dev/null
+++ b/meta/recipes-devtools/rust/rust-source.bb
@@ -0,0 +1,56 @@
+# rust-source.bb - Shared source recipe for the Rust toolchain
+#
+# This recipe fetches, unpacks, and patches the rustc source tree into a
+# work-shared location so that rust, cargo, libstd-rs, and their native/nativesdk
+# variants all share a single copy of the source. This eliminates duplication
+# (up to 11 copies of the ~4.2 GB source tree in multilib + nativesdk builds)
+# and significantly reduces disk usage (~46.2 GB -> ~4.2 GB for rustc-src).
+#
+# Only do_fetch, do_unpack, and do_patch are meaningful here. All other
+# tasks are disabled since this recipe exists solely to provide sources.
+
+SUMMARY = "Rust compiler and runtime libaries"
+HOMEPAGE = "http://www.rust-lang.org"
+SECTION = "devel"
+LICENSE = "(MIT | Apache-2.0) & Unicode-3.0"
+LIC_FILES_CHKSUM = "file://COPYRIGHT;md5=11a3899825f4376896e438c8c753f8dc"
+
+# This recipe only provides source; disable build/install/packaging tasks
+deltask do_configure
+deltask do_compile
+deltask do_install
+deltask do_populate_sysroot
+deltask do_populate_lic
+
+# Prevent rm_work from removing the shared source tree
+RM_WORK_EXCLUDE += "${PN}"
+
+require rust-source.inc
+require rust-snapshot.inc
+
+inherit allarch nopackages
+
+PN = "rust-source-${PV}"
+BPN = "rust-source"
+
+# Place WORKDIR under work-shared so all consumers reference the same location
+WORKDIR = "${TMPDIR}/work-shared/rust-source-${PV}-${PR}"
+SSTATE_SWSPEC = "sstate:rust-source::${PV}:${PR}::${SSTATE_VERSION}:"
+
+# Use work-shared stamp directory so sstate is shared across all architectures
+STAMP = "${STAMPS_DIR}/work-shared/rust-source-${PV}-${PR}"
+STAMPCLEAN = "${STAMPS_DIR}/work-shared/rust-source-${PV}-*"
+
+DEPENDS = ""
+PACKAGES = ""
+baselib = "lib"
+PACKAGE_ARCH = "all"
+
+B = "${WORKDIR}/build"
+
+# rust-source.bb does not inherit rust-common.bbclass (it is allarch/nopackages
+# and has no toolchain dependencies), so we define RUST_BUILD_ARCH locally for
+# snapshot URL resolution in rust-snapshot.inc.
+RUST_BUILD_ARCH = "${@{'ppc': 'powerpc', 'ppc64': 'powerpc64', 'ppc64le': 'powerpc64le', 'riscv64': 'riscv64gc'}.get(d.getVar('BUILD_ARCH'), d.getVar('BUILD_ARCH'))}"
+
+EXCLUDE_FROM_WORLD = "1"
diff --git a/meta/recipes-devtools/rust/rust-source.inc b/meta/recipes-devtools/rust/rust-source.inc
index 5678e00671..49207a3947 100644
--- a/meta/recipes-devtools/rust/rust-source.inc
+++ b/meta/recipes-devtools/rust/rust-source.inc
@@ -1,6 +1,12 @@
-RUST_VERSION ?= "${@d.getVar('PV').split('-')[0]}"
+# Version is split into MAJOR_VER and MINOR_VER for easy bumping and
+# to allow consistent use of PV across all consuming recipes.
+MAJOR_VER = "1"
+MINOR_VER = "96"
+PATCH_VER = "1"
 
-SRC_URI += "https://static.rust-lang.org/dist/rustc-${RUST_VERSION}-src.tar.xz;name=rust \
+PV = "${MAJOR_VER}.${MINOR_VER}.${PATCH_VER}"
+
+SRC_URI += "https://static.rust-lang.org/dist/rustc-${PV}-src.tar.xz;name=rust \
             file://0001-Define-more-ioctl-codes-on-riscv32gc-unknown-linux-g.patch;patchdir=${RUSTSRC} \
             file://rust-oe-selftest.patch;patchdir=${RUSTSRC} \
             file://repro-issue-fix-with-cc-crate-hashmap.patch;patchdir=${RUSTSRC} \
@@ -13,7 +19,11 @@ SRC_URI += "https://static.rust-lang.org/dist/rustc-${RUST_VERSION}-src.tar.xz;n
 "
 SRC_URI[rust.sha256sum] = "77a6ff3003a4ad0cb00697b043c879e3e1a15d945b1a1f63818903bfc3fa8b98"
 
-RUSTSRC = "${UNPACKDIR}/rustc-${RUST_VERSION}-src"
+# Point UNPACKDIR into the work-shared location so rust-source.bb and all
+# consumers (via S/RUSTSRC) reference a single shared source tree.
+UNPACKDIR = "${TMPDIR}/work-shared/rust-source-${PV}-${PR}/sources"
+RUSTSRC = "${UNPACKDIR}/rustc-${PV}-src"
+S = "${RUSTSRC}"
 
 UPSTREAM_CHECK_URI = "https://forge.rust-lang.org/infra/other-installation-methods.html"
 UPSTREAM_CHECK_REGEX = "rustc-(?P<pver>\d+(\.\d+)+)-src"
diff --git a/meta/recipes-devtools/rust/rust_1.96.1.bb b/meta/recipes-devtools/rust/rust_git.bb
similarity index 93%
rename from meta/recipes-devtools/rust/rust_1.96.1.bb
rename to meta/recipes-devtools/rust/rust_git.bb
index 8b0f1d1459..da042ffaae 100644
--- a/meta/recipes-devtools/rust/rust_1.96.1.bb
+++ b/meta/recipes-devtools/rust/rust_git.bb
@@ -4,6 +4,10 @@ SECTION = "devel"
 LICENSE = "(MIT | Apache-2.0) & Unicode-3.0"
 LIC_FILES_CHKSUM = "file://COPYRIGHT;md5=11a3899825f4376896e438c8c753f8dc"
 
+require rust-source.inc
+require rust-snapshot.inc
+require common-source.inc
+
 inherit rust
 inherit cargo_common
 
@@ -24,6 +28,9 @@ INHIBIT_DEFAULT_RUST_DEPS:class-native = "1"
 PROVIDES:class-native = "virtual/${TARGET_PREFIX}rust"
 
 S = "${RUSTSRC}"
+# Separate build directory from the shared source tree so that multiple
+# variants (target, native, nativesdk) don't conflict in the source dir.
+B = "${WORKDIR}/build"
 
 # Use at your own risk, accepted values are stable, beta and nightly
 RUST_CHANNEL ?= "stable"
@@ -38,6 +45,9 @@ RUST_ALTERNATE_EXE_PATH_NATIVE = "${STAGING_BINDIR_NATIVE}/llvm-config"
 # own vendoring.
 CARGO_DISABLE_BITBAKE_VENDORING = "1"
 
+# Explicit CARGO_HOME avoids cargo caching in the shared source tree
+CARGO_HOME = "${WORKDIR}/cargo_home"
+
 setup_cargo_environment () {
     # The first step is to build bootstrap and some early stage tools,
     # these are build for the same target as the snapshot, e.g.
@@ -66,11 +76,11 @@ do_rust_setup_snapshot () {
         done
     fi
 }
-addtask rust_setup_snapshot after do_unpack before do_configure
+addtask rust_setup_snapshot before do_configure
 addtask do_test_compile after do_configure do_rust_gen_targets
 do_rust_setup_snapshot[dirs] += "${WORKDIR}/rust-snapshot"
 do_rust_setup_snapshot[vardepsexclude] += "UNINATIVE_LOADER"
-do_rust_setup_snapshot[depends] += "patchelf-native:do_populate_sysroot"
+do_rust_setup_snapshot[depends] += "patchelf-native:do_populate_sysroot rust-source-${PV}:do_unpack"
 
 RUSTC_BOOTSTRAP = "${STAGING_BINDIR_NATIVE}/rustc"
 CARGO_BOOTSTRAP = "${STAGING_BINDIR_NATIVE}/cargo"
@@ -173,6 +183,12 @@ python do_configure() {
     # nothing about when trying to build some stage0 tools (like fabricate)
     config.set("build", "build", e(d.getVar("RUST_BUILD_SYS")))
 
+    # Yocto's B (${WORKDIR}/build) is where config.toml lives. Rust's
+    # bootstrap creates its own build output directory inside B; name it
+    # "rust-build" to avoid ambiguity with Yocto's build directory and
+    # prevent a confusing build/build/ nesting.
+    config.set("build", "build-dir", e("rust-build"))
+
     # [install]
     config.add_section("install")
     # ./x.py install doesn't have any notion of "destdir"
@@ -223,13 +239,10 @@ rust_runx () {
 
     oe_cargo_fix_env
 
-    python3 src/bootstrap/bootstrap.py ${@oe.utils.parallel_make_argument(d, '-j %d')} "$@" --verbose
+    python3 ${S}/src/bootstrap/bootstrap.py ${@oe.utils.parallel_make_argument(d, '-j %d')} "$@" --verbose
 }
 rust_runx[vardepsexclude] += "PARALLEL_MAKE"
 
-require rust-source.inc
-require rust-snapshot.inc
-
 INSANE_SKIP:${PN}:class-native = "already-stripped"
 FILES:${PN} += "${libdir}/rustlib"
 FILES:${PN} += "${libdir}/*.so"
@@ -241,7 +254,7 @@ do_compile () {
 do_test_compile[dirs] = "${B}"
 do_test_compile () {
     replace_llvm_config_path
-    rust_runx build src/tools/remote-test-server --target "${RUST_TARGET_SYS}"
+    rust_runx build ${S}/src/tools/remote-test-server --target "${RUST_TARGET_SYS}"
 }
 
 ALLOW_EMPTY:${PN} = "1"
@@ -282,7 +295,7 @@ rust_do_install:class-nativesdk() {
 
     install -d ${D}${bindir}
     for i in cargo-clippy clippy-driver rustfmt; do
-        cp build/${RUST_BUILD_SYS}/stage2-tools/${RUST_HOST_SYS}/release/$i ${D}${bindir}
+        cp rust-build/${RUST_BUILD_SYS}/stage2-tools/${RUST_HOST_SYS}/release/$i ${D}${bindir}
         patchelf --set-rpath "\$ORIGIN/../lib" ${D}${bindir}/$i
     done
 
@@ -322,7 +335,7 @@ rust_do_install:class-target() {
 
     install -d ${D}${bindir}
     for i in ${EXTRA_TOOLS}; do
-        cp build/${RUST_BUILD_SYS}/stage2-tools/${RUST_HOST_SYS}/release/$i ${D}${bindir}
+        cp rust-build/${RUST_BUILD_SYS}/stage2-tools/${RUST_HOST_SYS}/release/$i ${D}${bindir}
         patchelf --set-rpath "\$ORIGIN/../lib" ${D}${bindir}/$i
     done