diff --git a/crates/egui/src/widgets/label.rs b/crates/egui/src/widgets/label.rs
index e0f21fd1..86259ab2 100644
--- a/crates/egui/src/widgets/label.rs
+++ b/crates/egui/src/widgets/label.rs
@@ -281,8 +281,14 @@ impl Widget for Label {
 
         if ui.is_rect_visible(response.rect) {
             if show_tooltip_when_elided && galley.elided {
+                // Keep the sections and text, but reset everything else (especially wrapping):
+                let job = crate::text::LayoutJob {
+                    sections: galley.job.sections.clone(),
+                    text: galley.job.text.clone(),
+                    ..crate::text::LayoutJob::default()
+                };
                 // Show the full (non-elided) text on hover:
-                response = response.on_hover_text(galley.job.clone());
+                response = response.on_hover_text(job);
             }
 
             let response_color = if interactive {
diff --git a/tests/egui_tests/tests/regression_tests.rs b/tests/egui_tests/tests/regression_tests.rs
index babfb232..d02d04aa 100644
--- a/tests/egui_tests/tests/regression_tests.rs
+++ b/tests/egui_tests/tests/regression_tests.rs
@@ -18,7 +18,7 @@ fn hovering_should_preserve_text_format() {
     let mut harness = Harness::builder().with_size((200.0, 70.0)).build_ui(|ui| {
         ui.add(
             Label::new(
-                RichText::new("Long text that should be elided and has lots of styling")
+                RichText::new("Long text that should be elided and has lots of styling and is long enough to have multiple lines.")
                     .italics()
                     .underline()
                     .color(Color32::LIGHT_BLUE),
diff --git a/tests/egui_tests/tests/snapshots/hovering_should_preserve_text_format.png b/tests/egui_tests/tests/snapshots/hovering_should_preserve_text_format.png
index 7db5ec76..2b3ac7a5 100644
--- a/tests/egui_tests/tests/snapshots/hovering_should_preserve_text_format.png
+++ b/tests/egui_tests/tests/snapshots/hovering_should_preserve_text_format.png
@@ -1,3 +1,3 @@
 version https://git-lfs.github.com/spec/v1
-oid sha256:0fdc04ac6f24c20688c846af8759f91db2b3f8a93abcd0c5669c9050b98451ea
-size 10152
+oid sha256:cac533a01c65c8eef093efcd4c9036da50f898ea2436612990f4c2365c98ad83
+size 12126