diff --git a/docs/release/notes-dev.md b/docs/release/notes-dev.md
index e5fda1ca7..dc15bfe08 100644
--- a/docs/release/notes-dev.md
+++ b/docs/release/notes-dev.md
@@ -6,3 +6,9 @@
 - Update :attr:`squidpy.pl.var_by_distance` to show multiple variables on same plot.
   [@LLehner](https://github.com/LLehner)
   [#929](https://github.com/scverse/squidpy/pull/929)
+
+## Bugfixes
+
+- Use the correct normality variance for Geary's C in {func}`squidpy.gr.spatial_autocorr`,
+  fixing a miscalibrated analytic p-value (`pval_norm`) for `mode="geary"`.
+  [#1183](https://github.com/scverse/squidpy/issues/1183)
diff --git a/src/squidpy/gr/_ppatterns.py b/src/squidpy/gr/_ppatterns.py
index c77085228..b5db41f60 100644
--- a/src/squidpy/gr/_ppatterns.py
+++ b/src/squidpy/gr/_ppatterns.py
@@ -493,11 +493,20 @@ def _analytic_pval(score: NDArrayA, g: spmatrix | NDArrayA, params: dict[str, An
     s0, s1, s2 = _g_moments(g)
     n = g.shape[0]
     s02 = s0 * s0
-    n2 = n * n
-    v_num = n2 * s1 - n * s2 + 3 * s02
-    v_den = (n - 1) * (n + 1) * s02
 
-    Vscore_norm = v_num / v_den - (1.0 / (n - 1)) ** 2
+    if params["mode"] == SpatialAutocorr.GEARY.s:
+        # Geary's C and Moran's I have different sampling variances under the
+        # normality assumption (Cliff & Ord 1981). Use the Geary's C variance
+        # (matching pysal/esda ``Geary``); reusing Moran's variance here gives a
+        # miscalibrated analytic p-value (see #1183).
+        Vscore_norm = ((2 * s1 + s2) * (n - 1) - 4 * s02) / (2 * (n + 1) * s02)
+    else:
+        # Moran's I normality variance (Cliff & Ord 1981; pysal/esda ``Moran``).
+        n2 = n * n
+        v_num = n2 * s1 - n * s2 + 3 * s02
+        v_den = (n - 1) * (n + 1) * s02
+        Vscore_norm = v_num / v_den - (1.0 / (n - 1)) ** 2
+
     seScore_norm = Vscore_norm ** (1 / 2.0)
 
     z_norm = (score - params["expected"]) / seScore_norm
diff --git a/tests/graph/test_ppatterns.py b/tests/graph/test_ppatterns.py
index 01c2e3033..158ae6f5a 100644
--- a/tests/graph/test_ppatterns.py
+++ b/tests/graph/test_ppatterns.py
@@ -90,6 +90,38 @@ def test_spatial_autocorr_reproducibility(dummy_adata: AnnData, n_jobs: int, mod
     assert_frame_equal(df_1, df_2)
 
 
+@pytest.mark.parametrize("mode", ["moran", "geary"])
+def test_spatial_autocorr_var_norm_formula(dummy_adata: AnnData, mode: str):
+    """Analytic ``var_norm`` must use the variance matching the chosen statistic.
+
+    Regression test for #1183: Geary's C and Moran's I have different sampling
+    variances under the normality assumption (Cliff & Ord 1981). Reusing Moran's
+    variance for Geary's C produced a miscalibrated analytic p-value.
+    """
+    from sklearn.preprocessing import normalize
+
+    from squidpy.gr._ppatterns import _g_moments
+
+    uns_key = MORAN_K if mode == "moran" else GEARY_C
+    spatial_autocorr(dummy_adata, mode=mode, transformation=True, n_perms=None, seed=0)
+    var_norm = float(dummy_adata.uns[uns_key]["var_norm"].iloc[0])
+
+    # Reconstruct the exact (row-standardised) weight matrix the routine used.
+    g = dummy_adata.obsp["spatial_connectivities"].copy()
+    normalize(g, norm="l1", axis=1, copy=False)
+    s0, s1, s2 = _g_moments(g)
+    n = g.shape[0]
+    s02 = s0 * s0
+    moran_var = (n * n * s1 - n * s2 + 3 * s02) / ((n - 1) * (n + 1) * s02) - (1.0 / (n - 1)) ** 2
+    geary_var = ((2 * s1 + s2) * (n - 1) - 4 * s02) / (2 * (n + 1) * s02)
+
+    expected = moran_var if mode == "moran" else geary_var
+    np.testing.assert_allclose(var_norm, expected, rtol=1e-10)
+    if mode == "geary":
+        # the two formulas differ here, so the test would fail if Moran's were reused
+        assert not np.isclose(geary_var, moran_var, rtol=1e-3)
+
+
 @pytest.mark.parametrize(
     "attr,layer,genes",
     [