diff --git a/subsys/shell/shell_utils.c b/subsys/shell/shell_utils.c
index 16490575835..8939ee4aa2b 100644
--- a/subsys/shell/shell_utils.c
+++ b/subsys/shell/shell_utils.c
@@ -290,8 +290,20 @@ const struct shell_static_entry *z_shell_find_cmd(
 					struct shell_static_entry *dloc)
 {
 	const struct shell_static_entry *entry;
+	struct shell_static_entry parent_cpy;
 	size_t idx = 0;
 
+	/* Dynamic command operates on shared memory. If we are processing two
+	 * dynamic commands at the same time (current and subcommand) they
+	 * will operate on the same memory region what can cause undefined
+	 * behaviour.
+	 * Hence we need a separate memory for each of them.
+	 */
+	if (parent) {
+		memcpy(&parent_cpy, parent, sizeof(struct shell_static_entry));
+		parent = &parent_cpy;
+	}
+
 	while ((entry = z_shell_cmd_get(parent, idx++, dloc)) != NULL) {
 		if (strcmp(cmd_str, entry->syntax) == 0) {
 			return entry;