diff --git a/crates/typst/src/text/smartquote.rs b/crates/typst/src/text/smartquote.rs
index 9b48c03ac..467165b6a 100644
--- a/crates/typst/src/text/smartquote.rs
+++ b/crates/typst/src/text/smartquote.rs
@@ -131,9 +131,12 @@ impl SmartQuoter {
         }
 
         // If we have a single smart quote, didn't recently open a single
-        // quotation, and are after an alphabetic char, interpret this as an
-        // apostrophe.
-        if !double && opened != Some(false) && before.is_alphabetic() {
+        // quotation, and are after an alphabetic char or an object (e.g. a
+        // math equation), interpret this as an apostrophe.
+        if !double
+            && opened != Some(false)
+            && (before.is_alphabetic() || before == '\u{FFFC}')
+        {
             return "’";
         }
 
diff --git a/tests/ref/issue-5146-smartquotes-after-equations.png b/tests/ref/issue-5146-smartquotes-after-equations.png
new file mode 100644
index 000000000..96be7204a
Binary files /dev/null and b/tests/ref/issue-5146-smartquotes-after-equations.png differ
diff --git a/tests/suite/text/smartquote.typ b/tests/suite/text/smartquote.typ
index fe4e8c85c..fe398b7ad 100644
--- a/tests/suite/text/smartquote.typ
+++ b/tests/suite/text/smartquote.typ
@@ -165,3 +165,6 @@ Some people's thought on this would be #[#set smartquote(enabled: false); "stran
 
 "test"\
 "test"
+
+--- issue-5146-smartquotes-after-equations ---
+$i$'s $i$ 's