diff --git a/common.gypi b/common.gypi
index 576d5057d988fc..c103b94bb1116a 100644
--- a/common.gypi
+++ b/common.gypi
@@ -38,7 +38,7 @@
 
     # Reset this number to 0 on major V8 upgrades.
     # Increment by one for each non-official patch applied to deps/v8.
-    'v8_embedder_string': '-node.48',
+    'v8_embedder_string': '-node.49',
 
     ##### V8 defaults for Node.js #####
 
diff --git a/deps/v8/src/maglev/maglev-graph-builder.h b/deps/v8/src/maglev/maglev-graph-builder.h
index 8da2b8e86671ce..f55261ae6f395c 100644
--- a/deps/v8/src/maglev/maglev-graph-builder.h
+++ b/deps/v8/src/maglev/maglev-graph-builder.h
@@ -178,6 +178,7 @@ NodeType StaticTypeForNode(compiler::JSHeapBroker* broker,
 struct CatchBlockDetails {
   BasicBlockRef* ref = nullptr;
   bool exception_handler_was_used = false;
+  bool block_already_exists = false;
   int deopt_frame_distance = 0;
 };
 
@@ -1220,7 +1221,8 @@ class MaglevGraphBuilder {
         }
 
         DCHECK_IMPLIES(!IsInsideTryBlock(), is_inline());
-        if (!IsInsideTryBlock() && !is_eager_inline()) {
+        if (catch_block.block_already_exists) {
+          DCHECK(!IsInsideTryBlock());
           // If we are inlining a function non-eagerly and we are not inside a
           // try block, then the catch block already exists.
           new (node->exception_handler_info()) ExceptionHandlerInfo(
@@ -1276,7 +1278,7 @@ class MaglevGraphBuilder {
       // Inside a try-block.
       int offset = catch_block_stack_.top().handler;
       return {&jump_targets_[offset],
-              merge_states_[offset]->exception_handler_was_used(), 0};
+              merge_states_[offset]->exception_handler_was_used(), false, 0};
     }
     if (!is_inline()) {
       return CatchBlockDetails{};
@@ -1286,7 +1288,8 @@ class MaglevGraphBuilder {
 
   CatchBlockDetails GetTryCatchBlockFromInfo(ExceptionHandlerInfo* info) {
     if (IsInsideTryBlock()) {
-      return {info->catch_block_ref_address(), !info->ShouldLazyDeopt(), 0};
+      return {info->catch_block_ref_address(), !info->ShouldLazyDeopt(), true,
+              0};
     }
     if (!is_inline()) {
       return CatchBlockDetails{};
diff --git a/deps/v8/test/mjsunit/regress-417768368.js b/deps/v8/test/mjsunit/regress-417768368.js
new file mode 100644
index 00000000000000..5abb69497c7145
--- /dev/null
+++ b/deps/v8/test/mjsunit/regress-417768368.js
@@ -0,0 +1,36 @@
+// Copyright 2025 the V8 project authors. All rights reserved.
+// Use of this source code is governed by a BSD-style license that can be
+// found in the LICENSE file.
+
+// Flags: --allow-natives-syntax
+
+function bar(a) {
+  function in_bar(a, b) {
+    a % b; // This emit a generic mod that can throw.
+    return a;
+  }
+  %PrepareFunctionForOptimization(in_bar);
+  in_bar({});
+  if (a) {
+    throw_before_this_function_is_not_defined();
+  }
+}
+
+function foo() {
+  try {
+    function const_42() {
+      return 42;
+    }
+    %PrepareFunctionForOptimization(const_42);
+    const_42();
+    bar(true);
+  } catch {
+  }
+}
+
+%PrepareFunctionForOptimization(bar);
+%PrepareFunctionForOptimization(foo);
+foo();
+
+%OptimizeMaglevOnNextCall(foo);
+foo();