diff --git a/core/script_language.cpp b/core/script_language.cpp
index 5b65da9ef1d..496521486e7 100644
--- a/core/script_language.cpp
+++ b/core/script_language.cpp
@@ -563,7 +563,8 @@ Variant PlaceHolderScriptInstance::property_get_fallback(const StringName &p_nam
 PlaceHolderScriptInstance::PlaceHolderScriptInstance(ScriptLanguage *p_language, Ref<Script> p_script, Object *p_owner) :
 		owner(p_owner),
 		language(p_language),
-		script(p_script) {
+		script(p_script),
+		build_failed(false) {
 }
 
 PlaceHolderScriptInstance::~PlaceHolderScriptInstance() {
diff --git a/modules/gdscript/gdscript.cpp b/modules/gdscript/gdscript.cpp
index ef86ccae14e..159085df344 100644
--- a/modules/gdscript/gdscript.cpp
+++ b/modules/gdscript/gdscript.cpp
@@ -469,8 +469,15 @@ bool GDScript::_update_exports() {
 			for (Set<PlaceHolderScriptInstance *>::Element *E = placeholders.front(); E; E = E->next()) {
 				E->get()->set_build_failed(true);
 			}
+			return false;
 		}
 	} else {
+		if (!valid) {
+			for (Set<PlaceHolderScriptInstance *>::Element *E = placeholders.front(); E; E = E->next()) {
+				E->get()->set_build_failed(true);
+			}
+			return false;
+		}
 	}
 
 	if (base_cache.is_valid()) {