diff --git a/src/mongo/db/sorter/container_based_spiller.h b/src/mongo/db/sorter/container_based_spiller.h
index 8c1f02a58e5..b0645f55679 100644
--- a/src/mongo/db/sorter/container_based_spiller.h
+++ b/src/mongo/db/sorter/container_based_spiller.h
@@ -128,7 +128,9 @@ public:
         _compareChecksums();
 
         auto key = Key::deserializeForSorter(reader, _settings.first);
-        _deferredValue.emplace(result.data() + reader.offset(), result.size() - reader.offset());
+        // Eagerly deserialize the value so it owns its own memory. Otherwise, it could become
+        // invalidated by a cursor reset.
+        _deferredValue = Value::deserializeForSorter(reader, _settings.second);
 
         return std::move(key);
     }
@@ -137,11 +139,10 @@ public:
         uassert(
             10896303, "Must precede getDeferredValue with nextWithDeferredValue", _deferredValue);
 
-        BufReader reader{_deferredValue->data(), static_cast<unsigned>(_deferredValue->size())};
-        _deferredValue = boost::none;
         _consume();
-
-        return Value::deserializeForSorter(reader, _settings.second);
+        auto value = std::move(*_deferredValue);
+        _deferredValue = boost::none;
+        return value;
     }
 
     const Key& peek() override {
@@ -214,7 +215,7 @@ private:
     int64_t _end;
     bool _positioned = false;
     Iterator<Key, Value>::Settings _settings;
-    boost::optional<std::span<const char>> _deferredValue;
+    boost::optional<Value> _deferredValue;
 
     // Checksum value that is updated with each read of a data object from a container. We can
     // compare this value with _originalChecksum to check for data corruption if and only if the
diff --git a/src/mongo/db/sorter/container_based_spiller_test.cpp b/src/mongo/db/sorter/container_based_spiller_test.cpp
index c073074844c..09d50414fe2 100644
--- a/src/mongo/db/sorter/container_based_spiller_test.cpp
+++ b/src/mongo/db/sorter/container_based_spiller_test.cpp
@@ -38,12 +38,16 @@
 #include "mongo/db/sorter/sorter_test_utils.h"
 #include "mongo/db/storage/container.h"
 #include "mongo/db/storage/ident.h"
+#include "mongo/db/storage/key_format.h"
 #include "mongo/db/storage/record_store.h"
 #include "mongo/db/storage/record_store_test_harness.h"
 #include "mongo/db/storage/recovery_unit_noop.h"
+#include "mongo/db/storage/storage_engine.h"
 #include "mongo/db/storage/storage_options.h"
+#include "mongo/db/storage/write_unit_of_work.h"
 #include "mongo/unittest/death_test.h"
 #include "mongo/unittest/unittest.h"
+#include "mongo/util/fail_point.h"
 
 #include <limits>
 #include <memory>
@@ -1376,6 +1380,87 @@ TEST(ContainerIteratorTest, RecoverCursorAfterAbandoningSnapshot) {
     EXPECT_FALSE(iter.more());
 }
 
+class ContainerBasedSpillerWriteConflictTest : public ServiceContextMongoDTest {
+public:
+    // TODO (SERVER-116165): Remove.
+    RAIIServerParameterControllerForTest ffContainerWrites{"featureFlagContainerWrites", true};
+};
+
+// Calls mergeSpills() with a deterministic WCE on the first merged write. Exercises SERVER-126155
+// and SERVER-124271.
+TEST_F(ContainerBasedSpillerWriteConflictTest, MergeSpillsSurvivesCursorResetUnderWCE) {
+    auto opCtx = makeOperationContext();
+    auto replCoord = dynamic_cast<repl::ReplicationCoordinatorMock*>(
+        repl::ReplicationCoordinator::get(opCtx.get()));
+    ASSERT(replCoord);
+    replCoord->alwaysAllowWrites(true);
+
+    auto* storageEngine = getServiceContext()->getStorageEngine();
+    auto tempRS = [&] {
+        WriteUnitOfWork wuow(opCtx.get());
+        auto rs = storageEngine->makeInternalRecordStore(
+            opCtx.get(), storageEngine->generateNewInternalIdent(), KeyFormat::Long);
+        wuow.commit();
+        return rs;
+    }();
+    auto& container =
+        std::get<std::reference_wrapper<IntegerKeyedContainer>>(tempRS->getContainer()).get();
+
+    SorterContainerStats stats{nullptr};
+    auto& ru = *shard_role_details::getRecoveryUnit(opCtx.get());
+
+    ContainerBasedSpiller<IntWrapper, IntWrapper, IWComparator> spiller{
+        *opCtx,
+        ru,
+        container,
+        stats,
+        boost::none,
+        sorter::kLatestChecksumVersion,
+        ContainerBasedSpiller<IntWrapper, IntWrapper, IWComparator>::SpillCallbacks{},
+        /*batchSize=*/1,
+        /*batchBytes=*/std::numeric_limits<int64_t>::max(),
+        testSpillingMinAvailableDiskSpaceBytes};
+
+    std::vector<std::pair<IntWrapper, IntWrapper>> data{
+        {10, 100},
+        {40, 400},  // range 0
+        {20, 200},
+        {50, 500},  // range 1
+        {30, 300},
+        {60, 600},  // range 2
+    };
+    std::span<std::pair<IntWrapper, IntWrapper>> span{data};
+    using SpillerSettings = Spiller<IntWrapper, IntWrapper, IWComparator>::Settings;
+    spiller.spill(SortOptions{}, SpillerSettings{}, span.subspan(0, 2));
+    spiller.spill(SortOptions{}, SpillerSettings{}, span.subspan(2, 2));
+    spiller.spill(SortOptions{}, SpillerSettings{}, span.subspan(4, 2));
+    ASSERT_EQ(spiller.iterators().size(), 3);
+
+    // Fires WCE on the first merged write.
+    auto writeConflict = enableWriteConflictForWrites(
+        FailPoint::ModeOptions{.mode = FailPoint::Mode::nTimes, .val = 1});
+
+    SorterStats sorterStats{nullptr};
+    spiller.mergeSpills(SortOptions{},
+                        SpillerSettings{},
+                        sorterStats,
+                        IWComparator(ASC),
+                        /*numTargetedSpills=*/1,
+                        /*maxSpillsPerMerge=*/3);
+
+    ASSERT_EQ(spiller.iterators().size(), 1);
+    const std::vector<std::pair<int, int>> expected{
+        {10, 100}, {20, 200}, {30, 300}, {40, 400}, {50, 500}, {60, 600}};
+    auto it = spiller.iterators()[0];
+    for (const auto& [k, v] : expected) {
+        ASSERT_TRUE(it->more());
+        auto next = it->next();
+        EXPECT_EQ(static_cast<int>(next.first), k);
+        EXPECT_EQ(static_cast<int>(next.second), v);
+    }
+    EXPECT_FALSE(it->more());
+}
+
 class ContainerBasedSpillerCallbackTest : public ServiceContextMongoDTest {
 public:
     // TODO (SERVER-116165): Remove.