diff --git a/aws_lambda_powertools/event_handler/openapi/params.py b/aws_lambda_powertools/event_handler/openapi/params.py
index 1ade081959f..468e2253b39 100644
--- a/aws_lambda_powertools/event_handler/openapi/params.py
+++ b/aws_lambda_powertools/event_handler/openapi/params.py
@@ -901,7 +901,7 @@ def analyze_param(
     if is_response_param:
         field_info.default = Required
 
-    field = _create_model_field(field_info, type_annotation, param_name, is_path_param)
+    field = _create_model_field(field_info, type_annotation, param_name, is_path_param, is_response_param)
     return field
 
 
@@ -1138,6 +1138,7 @@ def _create_model_field(
     type_annotation: Any,
     param_name: str,
     is_path_param: bool,
+    is_response_param: bool = False,
 ) -> ModelField | None:
     """
     Create a new ModelField from a FieldInfo and type annotation.
@@ -1164,4 +1165,5 @@ def _create_model_field(
         alias=field_info.alias,
         required=field_info.default in (Required, Undefined),
         field_info=field_info,
+        mode="serialization" if is_response_param else "validation",
     )
diff --git a/tests/functional/event_handler/_pydantic/test_openapi_schema_pydantic_v2.py b/tests/functional/event_handler/_pydantic/test_openapi_schema_pydantic_v2.py
index 0df8f6a22c5..d25811d24ae 100644
--- a/tests/functional/event_handler/_pydantic/test_openapi_schema_pydantic_v2.py
+++ b/tests/functional/event_handler/_pydantic/test_openapi_schema_pydantic_v2.py
@@ -3,7 +3,7 @@
 from typing import Literal, Optional
 
 import pytest
-from pydantic import BaseModel, Field
+from pydantic import BaseModel, Field, computed_field
 from typing_extensions import Annotated
 
 from aws_lambda_powertools.event_handler import APIGatewayRestResolver
@@ -110,3 +110,79 @@ def create_todo(todo: TodoEnvelope): ...
 
     # THEN the schema should be valid
     assert openapi31_schema(schema)
+
+
+@pytest.mark.usefixtures("pydanticv2_only")
+def test_openapi_schema_includes_computed_field():
+    # GIVEN a model with a computed_field
+    class User(BaseModel):
+        first_name: str
+        last_name: str
+
+        @computed_field
+        @property
+        def full_name(self) -> str:
+            return f"{self.first_name} {self.last_name}"
+
+    # GIVEN APIGatewayRestResolver with a handler returning that model
+    app = APIGatewayRestResolver(enable_validation=True)
+
+    @app.get("/user")
+    def get_user() -> User:
+        return User(first_name="John", last_name="Doe")
+
+    # WHEN we get the schema
+    schema = json.loads(app.get_openapi_json_schema())
+
+    # THEN the computed_field should appear in the response schema
+    user_schema = schema["components"]["schemas"]["User"]
+    assert "full_name" in user_schema["properties"]
+    assert user_schema["properties"]["full_name"]["type"] == "string"
+    assert user_schema["properties"]["full_name"].get("readOnly") is True
+
+
+@pytest.mark.usefixtures("pydanticv2_only")
+def test_openapi_schema_computed_field_not_in_request_body():
+    # GIVEN a model with a computed_field used as both request and response
+    class Item(BaseModel):
+        price: float
+        quantity: int
+
+        @computed_field
+        @property
+        def total(self) -> float:
+            return self.price * self.quantity
+
+    # GIVEN APIGatewayRestResolver with handlers using the model
+    app = APIGatewayRestResolver(enable_validation=True)
+
+    @app.post("/items")
+    def create_item(item: Item) -> Item:
+        return item
+
+    # WHEN we get the schema
+    schema = json.loads(app.get_openapi_json_schema())
+
+    # THEN the request body schema should NOT include computed_field
+    request_body = schema["paths"]["/items"]["post"]["requestBody"]
+    request_ref = request_body["content"]["application/json"]["schema"]["$ref"]
+    request_schema_name = request_ref.split("/")[-1]
+
+    # THEN the response schema SHOULD include computed_field
+    response_ref = schema["paths"]["/items"]["post"]["responses"]["200"]["content"]["application/json"]["schema"][
+        "$ref"
+    ]
+    response_schema_name = response_ref.split("/")[-1]
+
+    # When input/output schemas are separate, we expect different schema names
+    # When they share a schema, computed_field should be present
+    if request_schema_name == response_schema_name:
+        # Shared schema - computed_field should be present (serialization mode wins)
+        item_schema = schema["components"]["schemas"][response_schema_name]
+        assert "total" in item_schema["properties"]
+    else:
+        # Separate schemas
+        input_schema = schema["components"]["schemas"][request_schema_name]
+        output_schema = schema["components"]["schemas"][response_schema_name]
+        assert "total" not in input_schema["properties"]
+        assert "total" in output_schema["properties"]