diff --git a/ext/node/polyfills/internal/timers.mjs b/ext/node/polyfills/internal/timers.mjs
index 382c9e9b8ac8e8..0bfc57da0d1b05 100644
--- a/ext/node/polyfills/internal/timers.mjs
+++ b/ext/node/polyfills/internal/timers.mjs
@@ -341,11 +341,14 @@ export const runImmediates = core.runImmediates;
 export class Immediate {
   constructor(unboundCallback, ...args) {
     const asyncContext = getAsyncContext();
+    // Match Node's `immediate._onImmediate(...argv)` invocation: the callback's
+    // `this` is the Immediate instance, not the global.
+    const self = this;
     const callback = (...argv) => {
       const oldContext = getAsyncContext();
       try {
         setAsyncContext(asyncContext);
-        return ReflectApply(unboundCallback, globalThis, argv);
+        return ReflectApply(unboundCallback, self, argv);
       } finally {
         setAsyncContext(oldContext);
       }
diff --git a/tests/node_compat/config.jsonc b/tests/node_compat/config.jsonc
index be8d242b787157..18a4117c69eb44 100644
--- a/tests/node_compat/config.jsonc
+++ b/tests/node_compat/config.jsonc
@@ -3114,6 +3114,7 @@
     "parallel/test-timers-same-timeout-wrong-list-deleted.js": {},
     "parallel/test-timers-setimmediate-infinite-loop.js": {},
     "parallel/test-timers-socket-timeout-removes-other-socket-unref-timer.js": {},
+    "parallel/test-timers-this.js": {},
     "parallel/test-timers-throw-when-cb-not-function.js": {},
     "parallel/test-timers-timeout-promisified.js": {},
     "parallel/test-timers-timeout-to-interval.js": {},