diff --git a/CODEOWNERS b/CODEOWNERS
index 2658aebdc7ca..8e0911f2a9b3 100644
--- a/CODEOWNERS
+++ b/CODEOWNERS
@@ -272,6 +272,7 @@ esphome/components/sonoff_d1/* @anatoly-savchenkov
 esphome/components/speaker/* @jesserockz
 esphome/components/spi/* @esphome/core
 esphome/components/spi_device/* @clydebarrow
+esphome/components/spi_led_strip/* @clydebarrow
 esphome/components/sprinkler/* @kbx81
 esphome/components/sps30/* @martgras
 esphome/components/ssd1322_base/* @kbx81
diff --git a/esphome/components/spi_led_strip/__init__.py b/esphome/components/spi_led_strip/__init__.py
new file mode 100644
index 000000000000..850a1f6e0276
--- /dev/null
+++ b/esphome/components/spi_led_strip/__init__.py
@@ -0,0 +1,2 @@
+CODEOWNERS = ["@clydebarrow"]
+DEPENDENCIES = ["spi"]
diff --git a/esphome/components/spi_led_strip/light.py b/esphome/components/spi_led_strip/light.py
new file mode 100644
index 000000000000..7420b0c9295a
--- /dev/null
+++ b/esphome/components/spi_led_strip/light.py
@@ -0,0 +1,27 @@
+import esphome.codegen as cg
+import esphome.config_validation as cv
+from esphome.components import light
+from esphome.components import spi
+from esphome.const import CONF_OUTPUT_ID, CONF_NUM_LEDS, CONF_DATA_RATE
+
+spi_led_strip_ns = cg.esphome_ns.namespace("spi_led_strip")
+SpiLedStrip = spi_led_strip_ns.class_(
+    "SpiLedStrip", light.AddressableLight, spi.SPIDevice
+)
+
+CONFIG_SCHEMA = light.ADDRESSABLE_LIGHT_SCHEMA.extend(
+    {
+        cv.GenerateID(CONF_OUTPUT_ID): cv.declare_id(SpiLedStrip),
+        cv.Optional(CONF_NUM_LEDS, default=1): cv.positive_not_null_int,
+        cv.Optional(CONF_DATA_RATE, default="1MHz"): spi.SPI_DATA_RATE_SCHEMA,
+    }
+).extend(spi.spi_device_schema(False))
+
+
+async def to_code(config):
+    var = cg.new_Pvariable(config[CONF_OUTPUT_ID])
+    cg.add(var.set_data_rate(spi.SPI_DATA_RATE_OPTIONS[config[CONF_DATA_RATE]]))
+    cg.add(var.set_num_leds(config[CONF_NUM_LEDS]))
+    await light.register_light(var, config)
+    await spi.register_spi_device(var, config)
+    await cg.register_component(var, config)
diff --git a/esphome/components/spi_led_strip/spi_led_strip.h b/esphome/components/spi_led_strip/spi_led_strip.h
new file mode 100644
index 000000000000..0d8c1c1e1cff
--- /dev/null
+++ b/esphome/components/spi_led_strip/spi_led_strip.h
@@ -0,0 +1,91 @@
+#pragma once
+
+#include "esphome/core/component.h"
+#include "esphome/core/log.h"
+#include "esphome/components/light/addressable_light.h"
+#include "esphome/components/spi/spi.h"
+
+namespace esphome {
+namespace spi_led_strip {
+
+static const char *const TAG = "spi_led_strip";
+class SpiLedStrip : public light::AddressableLight,
+                    public spi::SPIDevice<spi::BIT_ORDER_MSB_FIRST, spi::CLOCK_POLARITY_HIGH, spi::CLOCK_PHASE_TRAILING,
+                                          spi::DATA_RATE_1MHZ> {
+ public:
+  void setup() { this->spi_setup(); }
+
+  int32_t size() const override { return this->num_leds_; }
+
+  light::LightTraits get_traits() override {
+    auto traits = light::LightTraits();
+    traits.set_supported_color_modes({light::ColorMode::RGB});
+    return traits;
+  }
+  void set_num_leds(uint16_t num_leds) {
+    this->num_leds_ = num_leds;
+    ExternalRAMAllocator<uint8_t> allocator(ExternalRAMAllocator<uint8_t>::ALLOW_FAILURE);
+    this->buffer_size_ = num_leds * 4 + 8;
+    this->buf_ = allocator.allocate(this->buffer_size_);
+    if (this->buf_ == nullptr) {
+      esph_log_e(TAG, "Failed to allocate buffer of size %u", this->buffer_size_);
+      this->mark_failed();
+      return;
+    }
+
+    this->effect_data_ = allocator.allocate(num_leds);
+    if (this->effect_data_ == nullptr) {
+      esph_log_e(TAG, "Failed to allocate effect data of size %u", num_leds);
+      this->mark_failed();
+      return;
+    }
+    memset(this->buf_, 0xFF, this->buffer_size_);
+    memset(this->buf_, 0, 4);
+  }
+
+  void dump_config() {
+    esph_log_config(TAG, "SPI LED Strip:");
+    esph_log_config(TAG, "  LEDs: %d", this->num_leds_);
+    if (this->data_rate_ >= spi::DATA_RATE_1MHZ)
+      esph_log_config(TAG, "  Data rate: %uMHz", (unsigned) (this->data_rate_ / 1000000));
+    else
+      esph_log_config(TAG, "  Data rate: %ukHz", (unsigned) (this->data_rate_ / 1000));
+  }
+
+  void write_state(light::LightState *state) override {
+    if (this->is_failed())
+      return;
+    if (ESPHOME_LOG_LEVEL >= ESPHOME_LOG_LEVEL_VERBOSE) {
+      char strbuf[49];
+      size_t len = std::min(this->buffer_size_, (size_t) (sizeof(strbuf) - 1) / 3);
+      memset(strbuf, 0, sizeof(strbuf));
+      for (size_t i = 0; i != len; i++) {
+        sprintf(strbuf + i * 3, "%02X ", this->buf_[i]);
+      }
+      esph_log_v(TAG, "write_state: buf = %s", strbuf);
+    }
+    this->enable();
+    this->write_array(this->buf_, this->buffer_size_);
+    this->disable();
+  }
+
+  void clear_effect_data() override {
+    for (int i = 0; i < this->size(); i++)
+      this->effect_data_[i] = 0;
+  }
+
+ protected:
+  light::ESPColorView get_view_internal(int32_t index) const override {
+    size_t pos = index * 4 + 5;
+    return {this->buf_ + pos + 2,       this->buf_ + pos + 1, this->buf_ + pos + 0, nullptr,
+            this->effect_data_ + index, &this->correction_};
+  }
+
+  size_t buffer_size_{};
+  uint8_t *effect_data_{nullptr};
+  uint8_t *buf_{nullptr};
+  uint16_t num_leds_;
+};
+
+}  // namespace spi_led_strip
+}  // namespace esphome
diff --git a/tests/test8.yaml b/tests/test8.yaml
index 498da9448309..01d12ea330d1 100644
--- a/tests/test8.yaml
+++ b/tests/test8.yaml
@@ -29,6 +29,12 @@ light:
     name: neopixel-enable
     internal: false
     restore_mode: ALWAYS_OFF
+  - platform: spi_led_strip
+    num_leds: 4
+    color_correct: [80%, 60%, 100%]
+    id: rgb_led
+    name: "RGB LED"
+    data_rate: 8MHz
 
 spi:
   id: spi_id_1