diff --git a/packages/angular/src/generators/component/component.ts b/packages/angular/src/generators/component/component.ts
index 3a41f3be37..b6ee1dc0de 100644
--- a/packages/angular/src/generators/component/component.ts
+++ b/packages/angular/src/generators/component/component.ts
@@ -12,7 +12,7 @@ import { normalizeOptions } from './lib/normalize-options';
 import type { NormalizedSchema, Schema } from './schema';
 
 export async function componentGenerator(tree: Tree, rawOptions: Schema) {
-  const options = normalizeOptions(tree, rawOptions);
+  const options = await normalizeOptions(tree, rawOptions);
   const { projectSourceRoot, ...schematicOptions } = options;
 
   checkPathUnderProjectRoot(tree, options);
diff --git a/packages/angular/src/generators/component/lib/normalize-options.ts b/packages/angular/src/generators/component/lib/normalize-options.ts
index 587e68b182..5aa0ced4cd 100644
--- a/packages/angular/src/generators/component/lib/normalize-options.ts
+++ b/packages/angular/src/generators/component/lib/normalize-options.ts
@@ -1,5 +1,6 @@
 import type { Tree } from '@nrwl/devkit';
 import {
+  createProjectGraphAsync,
   joinPathFragments,
   readCachedProjectGraph,
   readProjectConfiguration,
@@ -11,15 +12,19 @@ import {
   findProjectForPath,
 } from 'nx/src/project-graph/utils/find-project-for-path';
 
-export function normalizeOptions(
+async function findProjectFromOptions(options: Schema) {
+  const projectGraph = await createProjectGraphAsync();
+  const projectRootMappings = createProjectRootMappings(projectGraph.nodes);
+  return findProjectForPath(options.path, projectRootMappings);
+}
+
+export async function normalizeOptions(
   tree: Tree,
   options: Schema
-): NormalizedSchema {
-  const projectGraph = readCachedProjectGraph();
-  const projectRootMappings = createProjectRootMappings(projectGraph.nodes);
+): Promise<NormalizedSchema> {
   const project =
     options.project ??
-    findProjectForPath(options.path, projectRootMappings) ??
+    (await findProjectFromOptions(options)) ??
     readWorkspaceConfiguration(tree).defaultProject;
   const { projectType, root, sourceRoot } = readProjectConfiguration(
     tree,
diff --git a/packages/angular/src/generators/library/library.spec.ts b/packages/angular/src/generators/library/library.spec.ts
index e89ffc1bb7..ea0241d0cb 100644
--- a/packages/angular/src/generators/library/library.spec.ts
+++ b/packages/angular/src/generators/library/library.spec.ts
@@ -2,6 +2,7 @@ import {
   getProjects,
   NxJsonConfiguration,
   parseJson,
+  ProjectGraph,
   readJson,
   readProjectConfiguration,
   Tree,
@@ -24,6 +25,14 @@ import libraryGenerator from './library';
 import { Schema } from './schema';
 import applicationGenerator from '../application/application';
 
+let projectGraph: ProjectGraph;
+jest.mock('@nrwl/devkit', () => {
+  return {
+    ...jest.requireActual('@nrwl/devkit'),
+    createProjectGraphAsync: jest.fn().mockImplementation(() => projectGraph),
+  };
+});
+
 describe('lib', () => {
   let tree: Tree;
 
@@ -1441,6 +1450,21 @@ describe('lib', () => {
   });
 
   describe('--standalone', () => {
+    beforeEach(() => {
+      projectGraph = {
+        nodes: {
+          'my-lib': {
+            name: 'my-lib',
+            type: 'lib',
+            data: {
+              root: 'libs/my-lib',
+            },
+          },
+        },
+        dependencies: {},
+      };
+    });
+
     it('should generate a library with a standalone component as entry point', async () => {
       await runLibraryGeneratorWithOpts({ standalone: true });