diff --git a/esphome/components/ms8607/ms8607.cpp b/esphome/components/ms8607/ms8607.cpp
index 215131eb8e..88a3e6d7dc 100644
--- a/esphome/components/ms8607/ms8607.cpp
+++ b/esphome/components/ms8607/ms8607.cpp
@@ -72,53 +72,55 @@ void MS8607Component::setup() {
 
   // I do not know why the device sometimes NACKs the reset command, but
   // try 3 times in case it's a transitory issue on this boot
-  this->set_retry(
-      "reset", 5, 3,
-      [this](const uint8_t remaining_setup_attempts) {
-        ESP_LOGD(TAG, "Resetting both I2C addresses: 0x%02X, 0x%02X", this->address_,
-                 this->humidity_device_->get_address());
-        // I believe sending the reset command to both addresses is preferable to
-        // skipping humidity if PT fails for some reason.
-        // However, only consider the reset successful if they both ACK
-        bool const pt_successful = this->write_bytes(MS8607_PT_CMD_RESET, nullptr, 0);
-        bool const h_successful = this->humidity_device_->write_bytes(MS8607_CMD_H_RESET, nullptr, 0);
+  // Backoff: executes at now, +5ms, +30ms
+  this->reset_attempts_remaining_ = 3;
+  this->reset_interval_ = 5;
+  this->try_reset_();
+}
 
-        if (!(pt_successful && h_successful)) {
-          ESP_LOGE(TAG, "Resetting I2C devices failed");
-          if (!pt_successful && !h_successful) {
-            this->error_code_ = ErrorCode::PTH_RESET_FAILED;
-          } else if (!pt_successful) {
-            this->error_code_ = ErrorCode::PT_RESET_FAILED;
-          } else {
-            this->error_code_ = ErrorCode::H_RESET_FAILED;
-          }
+void MS8607Component::try_reset_() {
+  ESP_LOGD(TAG, "Resetting both I2C addresses: 0x%02X, 0x%02X", this->address_, this->humidity_device_->get_address());
+  // I believe sending the reset command to both addresses is preferable to
+  // skipping humidity if PT fails for some reason.
+  // However, only consider the reset successful if they both ACK
+  bool const pt_successful = this->write_bytes(MS8607_PT_CMD_RESET, nullptr, 0);
+  bool const h_successful = this->humidity_device_->write_bytes(MS8607_CMD_H_RESET, nullptr, 0);
 
-          if (remaining_setup_attempts > 0) {
-            this->status_set_error();
-          } else {
-            this->mark_failed();
-          }
-          return RetryResult::RETRY;
-        }
+  if (!(pt_successful && h_successful)) {
+    ESP_LOGE(TAG, "Resetting I2C devices failed");
+    if (!pt_successful && !h_successful) {
+      this->error_code_ = ErrorCode::PTH_RESET_FAILED;
+    } else if (!pt_successful) {
+      this->error_code_ = ErrorCode::PT_RESET_FAILED;
+    } else {
+      this->error_code_ = ErrorCode::H_RESET_FAILED;
+    }
 
-        this->setup_status_ = SetupStatus::NEEDS_PROM_READ;
-        this->error_code_ = ErrorCode::NONE;
-        this->status_clear_error();
+    if (--this->reset_attempts_remaining_ > 0) {
+      uint32_t delay = this->reset_interval_;
+      this->reset_interval_ *= 5;
+      this->set_timeout("reset", delay, [this]() { this->try_reset_(); });
+      this->status_set_error();
+    } else {
+      this->mark_failed();
+    }
+    return;
+  }
 
-        // 15ms delay matches datasheet, Adafruit_MS8607 & SparkFun_PHT_MS8607_Arduino_Library
-        this->set_timeout("prom-read", 15, [this]() {
-          if (this->read_calibration_values_from_prom_()) {
-            this->setup_status_ = SetupStatus::SUCCESSFUL;
-            this->status_clear_error();
-          } else {
-            this->mark_failed();
-            return;
-          }
-        });
+  this->setup_status_ = SetupStatus::NEEDS_PROM_READ;
+  this->error_code_ = ErrorCode::NONE;
+  this->status_clear_error();
 
-        return RetryResult::DONE;
-      },
-      5.0f);  // executes at now, +5ms, +25ms
+  // 15ms delay matches datasheet, Adafruit_MS8607 & SparkFun_PHT_MS8607_Arduino_Library
+  this->set_timeout("prom-read", 15, [this]() {
+    if (this->read_calibration_values_from_prom_()) {
+      this->setup_status_ = SetupStatus::SUCCESSFUL;
+      this->status_clear_error();
+    } else {
+      this->mark_failed();
+      return;
+    }
+  });
 }
 
 void MS8607Component::update() {
diff --git a/esphome/components/ms8607/ms8607.h b/esphome/components/ms8607/ms8607.h
index 67ce2817fa..ceb3dd22c8 100644
--- a/esphome/components/ms8607/ms8607.h
+++ b/esphome/components/ms8607/ms8607.h
@@ -44,6 +44,8 @@ class MS8607Component : public PollingComponent, public i2c::I2CDevice {
   void set_humidity_device(MS8607HumidityDevice *humidity_device) { humidity_device_ = humidity_device; }
 
  protected:
+  /// Attempt to reset both I2C devices, retrying with backoff on failure
+  void try_reset_();
   /**
    Read and store the Pressure & Temperature calibration settings from the PROM.
    Intended to be called during setup(), this will set the `failure_reason_`
@@ -102,6 +104,8 @@ class MS8607Component : public PollingComponent, public i2c::I2CDevice {
   enum class SetupStatus;
   /// Current step in the multi-step & possibly delayed setup() process
   SetupStatus setup_status_;
+  uint32_t reset_interval_{5};
+  uint8_t reset_attempts_remaining_{0};
 };
 
 }  // namespace ms8607