diff --git a/instructor/v2/dsl/partial.py b/instructor/v2/dsl/partial.py
index 464d32ca8..c18c5cbf6 100644
--- a/instructor/v2/dsl/partial.py
+++ b/instructor/v2/dsl/partial.py
@@ -439,13 +439,18 @@ def model_from_chunks(
             yield obj
 
         # Final validation: only validate if the JSON is structurally complete
-        # If JSON is incomplete (stream ended mid-object), skip validation
+        # If JSON is incomplete (stream ended mid-object), skip validation.
+        # Validate the accumulated JSON itself rather than a
+        # model_dump(exclude_none=True) round-trip, which would strip fields
+        # the model legitimately returned as null and make required-but-nullable
+        # fields fail re-validation as "missing".
         if final_obj is not None:
             original_model = getattr(cls, "_original_model", None)
             if original_model is not None:
-                if is_json_complete(potential_object.strip() or "{}"):
+                json_str = potential_object.strip() or "{}"
+                if is_json_complete(json_str):
                     original_model.model_validate(
-                        final_obj.model_dump(exclude_none=True), **kwargs
+                        from_json(json_str.encode()), **kwargs
                     )
 
     @classmethod
@@ -474,13 +479,18 @@ async def model_from_chunks_async(
             yield obj
 
         # Final validation: only validate if the JSON is structurally complete
-        # If JSON is incomplete (stream ended mid-object), skip validation
+        # If JSON is incomplete (stream ended mid-object), skip validation.
+        # Validate the accumulated JSON itself rather than a
+        # model_dump(exclude_none=True) round-trip, which would strip fields
+        # the model legitimately returned as null and make required-but-nullable
+        # fields fail re-validation as "missing".
         if final_obj is not None:
             original_model = getattr(cls, "_original_model", None)
             if original_model is not None:
-                if is_json_complete(potential_object.strip() or "{}"):
+                json_str = potential_object.strip() or "{}"
+                if is_json_complete(json_str):
                     original_model.model_validate(
-                        final_obj.model_dump(exclude_none=True), **kwargs
+                        from_json(json_str.encode()), **kwargs
                     )
 
     @staticmethod
diff --git a/tests/dsl/test_partial.py b/tests/dsl/test_partial.py
index 2d242bd0e..760bc8a55 100644
--- a/tests/dsl/test_partial.py
+++ b/tests/dsl/test_partial.py
@@ -960,6 +960,71 @@ async def async_chunks():
 
         assert "age" in str(exc_info.value)
 
+    def test_final_validation_accepts_explicit_null_for_required_nullable_field(self):
+        """Explicit JSON null for a required-but-nullable field should validate.
+
+        The final validation must not confuse a field the model explicitly
+        returned as null with a field that was never streamed at all.
+        """
+
+        class ModelWithNullable(BaseModel):
+            name: str
+            email: Optional[str]  # Required, but nullable
+
+        PartialModel = Partial[ModelWithNullable]
+
+        chunks = ['{"name": "Al', 'ice", "email"', ": null}"]
+
+        results = list(_partial_api(PartialModel).model_from_chunks(iter(chunks)))
+        assert len(results) > 0
+        final = results[-1]
+        assert final.name == "Alice"
+        assert final.email is None
+
+    def test_final_validation_still_rejects_absent_required_nullable_field(self):
+        """A required nullable field genuinely absent from complete JSON still fails."""
+
+        class ModelWithNullable(BaseModel):
+            name: str
+            email: Optional[str]  # Required, but nullable
+
+        PartialModel = Partial[ModelWithNullable]
+
+        chunks = ['{"name": "Alice"}']  # 'email' truly missing
+
+        with pytest.raises(ValidationError) as exc_info:
+            list(_partial_api(PartialModel).model_from_chunks(iter(chunks)))
+
+        assert "email" in str(exc_info.value)
+
+    @pytest.mark.asyncio
+    async def test_async_final_validation_accepts_explicit_null_for_required_nullable_field(
+        self,
+    ):
+        """Async streaming should also accept explicit nulls for nullable fields."""
+
+        class ModelWithNullable(BaseModel):
+            name: str
+            email: Optional[str]  # Required, but nullable
+
+        PartialModel = Partial[ModelWithNullable]
+
+        async def async_chunks():
+            yield '{"name": "Al'
+            yield 'ice", "email"'
+            yield ": null}"
+
+        results = []
+        async for obj in _partial_api(PartialModel).model_from_chunks_async(
+            async_chunks()
+        ):
+            results.append(obj)
+
+        assert len(results) > 0
+        final = results[-1]
+        assert final.name == "Alice"
+        assert final.email is None
+
 
 class TestRecursiveModels:
     """Test that Partial handles self-referential models without infinite recursion."""