diff --git a/clang/docs/ReleaseNotes.rst b/clang/docs/ReleaseNotes.rst
index 36b528d9e20f8..3938b898b7838 100644
--- a/clang/docs/ReleaseNotes.rst
+++ b/clang/docs/ReleaseNotes.rst
@@ -405,6 +405,7 @@ Improvements to Clang's diagnostics
   they're only triggered if the authors are already making the choice to use
   ``preferred_type`` attribute.
 
+- The ``-Wloop-analysis`` warning now handles variable modifications inside lambda expressions (#GH132038).
 
 Improvements to Clang's time-trace
 ----------------------------------
diff --git a/clang/lib/Sema/SemaStmt.cpp b/clang/lib/Sema/SemaStmt.cpp
index 87a400e8a6291..54d8e487a8ae4 100644
--- a/clang/lib/Sema/SemaStmt.cpp
+++ b/clang/lib/Sema/SemaStmt.cpp
@@ -2000,9 +2000,24 @@ namespace {
     }
 
     void VisitDeclRefExpr(DeclRefExpr *E) {
-      if (VarDecl *VD = dyn_cast<VarDecl>(E->getDecl()))
+      if (VarDecl *VD = dyn_cast<VarDecl>(E->getDecl())) {
         if (Decls.count(VD))
           FoundDecl = true;
+      } else if (CXXMethodDecl *MD = dyn_cast<CXXMethodDecl>(E->getDecl());
+                 MD && isLambdaCallOperator(MD)) {
+        for (const auto &Capture : MD->getParent()->captures()) {
+          if (!Capture.capturesVariable())
+            continue;
+
+          LambdaCaptureKind CK = Capture.getCaptureKind();
+          if (CK != LCK_ByRef)
+            continue;
+
+          VarDecl *VD = dyn_cast<VarDecl>(Capture.getCapturedVar());
+          if (VD && Decls.count(VD))
+            FoundDecl = true;
+        }
+      }
     }
 
     void VisitPseudoObjectExpr(PseudoObjectExpr *POE) {
@@ -2019,7 +2034,7 @@ namespace {
 
     bool FoundDeclInUse() { return FoundDecl; }
 
-  };  // end class DeclMatcher
+  }; // end class DeclMatcher
 
   void CheckForLoopConditionalStatement(Sema &S, Expr *Second,
                                         Expr *Third, Stmt *Body) {
diff --git a/clang/test/SemaCXX/warn-loop-analysis.cpp b/clang/test/SemaCXX/warn-loop-analysis.cpp
index 324dd386292ac..7773bef0cd238 100644
--- a/clang/test/SemaCXX/warn-loop-analysis.cpp
+++ b/clang/test/SemaCXX/warn-loop-analysis.cpp
@@ -299,3 +299,45 @@ void test10() {
   for (auto[i, j, k] = arr; i < a; ++i) { }
   for (auto[i, j, k] = arr; i < a; ++arr[0]) { }
 };
+
+namespace GH132038 {
+extern void foo(int);
+void test1() {
+  int a = 0;
+  auto incr_a = [&a]() { ++a; };
+
+  for (int b = 10; a <= b; incr_a())
+    foo(a);
+
+  for (int b = 10; a <= b;)
+    incr_a();
+
+  for (int b = 10; a <= b; [&a]() { ++a; }()) { }
+  for (int b = 10; a <= b; [&a]() { }()) { }
+}
+
+void test2() {
+  int a = 0;
+  int *c = &a;
+
+  auto incr_a = [a]() {  };
+  auto incr_b = [](int b) { };
+  auto incr_c = [c]() { ++*c; };
+
+  for (int b = 10; a <= b; incr_a()) // expected-warning {{variables 'a' and 'b' used in loop condition not modified in loop body}}
+    foo(a);
+
+  for (int b = 10; a <= b;) // expected-warning {{variables 'a' and 'b' used in loop condition not modified in loop body}}
+    incr_a();
+
+  for (int b = 10; a <= b; incr_b(b)) // expected-warning {{variables 'a' and 'b' used in loop condition not modified in loop body}}
+    foo(a);
+
+  for (int b = 10; a <= b;) // expected-warning {{variables 'a' and 'b' used in loop condition not modified in loop body}}
+    incr_b(b);
+
+  // FIXME: handle modification of loop control variable inside lambda body
+  for (a = 10; a <= 20; incr_c()) // expected-warning {{variable 'a' used in loop condition not modified in loop body}}
+    foo(a);
+}
+}