diff --git a/esphome/components/ethernet/__init__.py b/esphome/components/ethernet/__init__.py
index 8d4a1aaf8e..23436cc5be 100644
--- a/esphome/components/ethernet/__init__.py
+++ b/esphome/components/ethernet/__init__.py
@@ -1,6 +1,6 @@
 import logging
 
-from esphome import pins
+from esphome import automation, pins
 import esphome.codegen as cg
 from esphome.components.esp32 import (
     VARIANT_ESP32,
@@ -35,6 +35,8 @@ from esphome.const import (
     CONF_MODE,
     CONF_MOSI_PIN,
     CONF_NUMBER,
+    CONF_ON_CONNECT,
+    CONF_ON_DISCONNECT,
     CONF_PAGE_ID,
     CONF_PIN,
     CONF_POLLING_INTERVAL,
@@ -237,6 +239,8 @@ BASE_SCHEMA = cv.Schema(
         cv.Optional(CONF_DOMAIN, default=".local"): cv.domain_name,
         cv.Optional(CONF_USE_ADDRESS): cv.string_strict,
         cv.Optional(CONF_MAC_ADDRESS): cv.mac_address,
+        cv.Optional(CONF_ON_CONNECT): automation.validate_automation(single=True),
+        cv.Optional(CONF_ON_DISCONNECT): automation.validate_automation(single=True),
     }
 ).extend(cv.COMPONENT_SCHEMA)
 
@@ -430,6 +434,18 @@ async def to_code(config):
     if CORE.using_arduino:
         cg.add_library("WiFi", None)
 
+    if on_connect_config := config.get(CONF_ON_CONNECT):
+        cg.add_define("USE_ETHERNET_CONNECT_TRIGGER")
+        await automation.build_automation(
+            var.get_connect_trigger(), [], on_connect_config
+        )
+
+    if on_disconnect_config := config.get(CONF_ON_DISCONNECT):
+        cg.add_define("USE_ETHERNET_DISCONNECT_TRIGGER")
+        await automation.build_automation(
+            var.get_disconnect_trigger(), [], on_disconnect_config
+        )
+
     CORE.add_job(final_step)
 
 
diff --git a/esphome/components/ethernet/ethernet_component.cpp b/esphome/components/ethernet/ethernet_component.cpp
index 70f8ce1204..af7fed608b 100644
--- a/esphome/components/ethernet/ethernet_component.cpp
+++ b/esphome/components/ethernet/ethernet_component.cpp
@@ -309,6 +309,9 @@ void EthernetComponent::loop() {
 
         this->dump_connect_params_();
         this->status_clear_warning();
+#ifdef USE_ETHERNET_CONNECT_TRIGGER
+        this->connect_trigger_.trigger();
+#endif
       } else if (now - this->connect_begin_ > 15000) {
         ESP_LOGW(TAG, "Connecting failed; reconnecting");
         this->start_connect_();
@@ -318,10 +321,16 @@ void EthernetComponent::loop() {
       if (!this->started_) {
         ESP_LOGI(TAG, "Stopped connection");
         this->state_ = EthernetComponentState::STOPPED;
+#ifdef USE_ETHERNET_DISCONNECT_TRIGGER
+        this->disconnect_trigger_.trigger();
+#endif
       } else if (!this->connected_) {
         ESP_LOGW(TAG, "Connection lost; reconnecting");
         this->state_ = EthernetComponentState::CONNECTING;
         this->start_connect_();
+#ifdef USE_ETHERNET_DISCONNECT_TRIGGER
+        this->disconnect_trigger_.trigger();
+#endif
       } else {
         this->finish_connect_();
         // When connected and stable, disable the loop to save CPU cycles
diff --git a/esphome/components/ethernet/ethernet_component.h b/esphome/components/ethernet/ethernet_component.h
index 34380047d1..5a2869c5a7 100644
--- a/esphome/components/ethernet/ethernet_component.h
+++ b/esphome/components/ethernet/ethernet_component.h
@@ -4,6 +4,7 @@
 #include "esphome/core/defines.h"
 #include "esphome/core/hal.h"
 #include "esphome/core/helpers.h"
+#include "esphome/core/automation.h"
 #include "esphome/components/network/ip_address.h"
 
 #ifdef USE_ESP32
@@ -119,6 +120,12 @@ class EthernetComponent : public Component {
   void add_ip_state_listener(EthernetIPStateListener *listener) { this->ip_state_listeners_.push_back(listener); }
 #endif
 
+#ifdef USE_ETHERNET_CONNECT_TRIGGER
+  Trigger<> *get_connect_trigger() { return &this->connect_trigger_; }
+#endif
+#ifdef USE_ETHERNET_DISCONNECT_TRIGGER
+  Trigger<> *get_disconnect_trigger() { return &this->disconnect_trigger_; }
+#endif
  protected:
   static void eth_event_handler(void *arg, esp_event_base_t event_base, int32_t event_id, void *event_data);
   static void got_ip_event_handler(void *arg, esp_event_base_t event_base, int32_t event_id, void *event_data);
@@ -190,6 +197,12 @@ class EthernetComponent : public Component {
   StaticVector<EthernetIPStateListener *, ESPHOME_ETHERNET_IP_STATE_LISTENERS> ip_state_listeners_;
 #endif
 
+#ifdef USE_ETHERNET_CONNECT_TRIGGER
+  Trigger<> connect_trigger_;
+#endif
+#ifdef USE_ETHERNET_DISCONNECT_TRIGGER
+  Trigger<> disconnect_trigger_;
+#endif
  private:
   // Stores a pointer to a string literal (static storage duration).
   // ONLY set from Python-generated code with string literals - never dynamic strings.
diff --git a/esphome/core/defines.h b/esphome/core/defines.h
index e98cdd0ba0..1edc648084 100644
--- a/esphome/core/defines.h
+++ b/esphome/core/defines.h
@@ -240,6 +240,8 @@
 #define USE_ETHERNET_KSZ8081
 #define USE_ETHERNET_MANUAL_IP
 #define USE_ETHERNET_IP_STATE_LISTENERS
+#define USE_ETHERNET_CONNECT_TRIGGER
+#define USE_ETHERNET_DISCONNECT_TRIGGER
 #define ESPHOME_ETHERNET_IP_STATE_LISTENERS 2
 #endif
 
diff --git a/tests/components/ethernet/common-dm9051.yaml b/tests/components/ethernet/common-dm9051.yaml
index 4526e7732d..bb8c74b820 100644
--- a/tests/components/ethernet/common-dm9051.yaml
+++ b/tests/components/ethernet/common-dm9051.yaml
@@ -13,3 +13,7 @@ ethernet:
     subnet: 255.255.255.0
   domain: .local
   mac_address: "02:AA:BB:CC:DD:01"
+  on_connect:
+    - logger.log: "Ethernet connected!"
+  on_disconnect:
+    - logger.log: "Ethernet disconnected!"
diff --git a/tests/components/ethernet/common-dp83848.yaml b/tests/components/ethernet/common-dp83848.yaml
index f9069c5fb9..809613c79d 100644
--- a/tests/components/ethernet/common-dp83848.yaml
+++ b/tests/components/ethernet/common-dp83848.yaml
@@ -13,3 +13,7 @@ ethernet:
     subnet: 255.255.255.0
   domain: .local
   mac_address: "02:AA:BB:CC:DD:01"
+  on_connect:
+    - logger.log: "Ethernet connected!"
+  on_disconnect:
+    - logger.log: "Ethernet disconnected!"
diff --git a/tests/components/ethernet/common-ip101.yaml b/tests/components/ethernet/common-ip101.yaml
index cea7a5cc35..41716a7850 100644
--- a/tests/components/ethernet/common-ip101.yaml
+++ b/tests/components/ethernet/common-ip101.yaml
@@ -13,3 +13,7 @@ ethernet:
     subnet: 255.255.255.0
   domain: .local
   mac_address: "02:AA:BB:CC:DD:01"
+  on_connect:
+    - logger.log: "Ethernet connected!"
+  on_disconnect:
+    - logger.log: "Ethernet disconnected!"
diff --git a/tests/components/ethernet/common-jl1101.yaml b/tests/components/ethernet/common-jl1101.yaml
index 7b0a2dfdc4..d70a576c81 100644
--- a/tests/components/ethernet/common-jl1101.yaml
+++ b/tests/components/ethernet/common-jl1101.yaml
@@ -13,3 +13,7 @@ ethernet:
     subnet: 255.255.255.0
   domain: .local
   mac_address: "02:AA:BB:CC:DD:01"
+  on_connect:
+    - logger.log: "Ethernet connected!"
+  on_disconnect:
+    - logger.log: "Ethernet disconnected!"
diff --git a/tests/components/ethernet/common-ksz8081.yaml b/tests/components/ethernet/common-ksz8081.yaml
index 65541832c2..e2add8d370 100644
--- a/tests/components/ethernet/common-ksz8081.yaml
+++ b/tests/components/ethernet/common-ksz8081.yaml
@@ -13,3 +13,7 @@ ethernet:
     subnet: 255.255.255.0
   domain: .local
   mac_address: "02:AA:BB:CC:DD:01"
+  on_connect:
+    - logger.log: "Ethernet connected!"
+  on_disconnect:
+    - logger.log: "Ethernet disconnected!"
diff --git a/tests/components/ethernet/common-ksz8081rna.yaml b/tests/components/ethernet/common-ksz8081rna.yaml
index f04cba15b2..1bb404f720 100644
--- a/tests/components/ethernet/common-ksz8081rna.yaml
+++ b/tests/components/ethernet/common-ksz8081rna.yaml
@@ -13,3 +13,7 @@ ethernet:
     subnet: 255.255.255.0
   domain: .local
   mac_address: "02:AA:BB:CC:DD:01"
+  on_connect:
+    - logger.log: "Ethernet connected!"
+  on_disconnect:
+    - logger.log: "Ethernet disconnected!"
diff --git a/tests/components/ethernet/common-lan8670.yaml b/tests/components/ethernet/common-lan8670.yaml
index fb751ebd23..ae4953974c 100644
--- a/tests/components/ethernet/common-lan8670.yaml
+++ b/tests/components/ethernet/common-lan8670.yaml
@@ -12,3 +12,7 @@ ethernet:
     gateway: 192.168.178.1
     subnet: 255.255.255.0
   domain: .local
+  on_connect:
+    - logger.log: "Ethernet connected!"
+  on_disconnect:
+    - logger.log: "Ethernet disconnected!"
diff --git a/tests/components/ethernet/common-lan8720.yaml b/tests/components/ethernet/common-lan8720.yaml
index 838d57df28..742800fdf4 100644
--- a/tests/components/ethernet/common-lan8720.yaml
+++ b/tests/components/ethernet/common-lan8720.yaml
@@ -13,3 +13,7 @@ ethernet:
     subnet: 255.255.255.0
   domain: .local
   mac_address: "02:AA:BB:CC:DD:01"
+  on_connect:
+    - logger.log: "Ethernet connected!"
+  on_disconnect:
+    - logger.log: "Ethernet disconnected!"
diff --git a/tests/components/ethernet/common-openeth.yaml b/tests/components/ethernet/common-openeth.yaml
index fbb7579598..26595dbc52 100644
--- a/tests/components/ethernet/common-openeth.yaml
+++ b/tests/components/ethernet/common-openeth.yaml
@@ -1,2 +1,6 @@
 ethernet:
   type: OPENETH
+  on_connect:
+    - logger.log: "Ethernet connected!"
+  on_disconnect:
+    - logger.log: "Ethernet disconnected!"
diff --git a/tests/components/ethernet/common-rtl8201.yaml b/tests/components/ethernet/common-rtl8201.yaml
index 0e7cbe73c6..d5a60f6e98 100644
--- a/tests/components/ethernet/common-rtl8201.yaml
+++ b/tests/components/ethernet/common-rtl8201.yaml
@@ -13,3 +13,7 @@ ethernet:
     subnet: 255.255.255.0
   domain: .local
   mac_address: "02:AA:BB:CC:DD:01"
+  on_connect:
+    - logger.log: "Ethernet connected!"
+  on_disconnect:
+    - logger.log: "Ethernet disconnected!"
diff --git a/tests/components/ethernet/common-w5500.yaml b/tests/components/ethernet/common-w5500.yaml
index b3e96f000d..1f8b8650dd 100644
--- a/tests/components/ethernet/common-w5500.yaml
+++ b/tests/components/ethernet/common-w5500.yaml
@@ -13,3 +13,7 @@ ethernet:
     subnet: 255.255.255.0
   domain: .local
   mac_address: "02:AA:BB:CC:DD:01"
+  on_connect:
+    - logger.log: "Ethernet connected!"
+  on_disconnect:
+    - logger.log: "Ethernet disconnected!"