diff --git a/lib/zeitwerk/gem_inflector.rb b/lib/zeitwerk/gem_inflector.rb
index 4cf359b..3d24fa4 100644
--- a/lib/zeitwerk/gem_inflector.rb
+++ b/lib/zeitwerk/gem_inflector.rb
@@ -9,8 +9,11 @@ def initialize(root_file)
       @version_file = File.join(root_dir, namespace, "version.rb")
     end
 
-    # @sig (String, String) -> String
-    def camelize(basename, abspath)
+    # See the rationale for the third optional argument in
+    # Zeitwerk::Inflector#camelize.
+    #
+    # @sig (String, String, String?) -> String
+    def camelize(basename, abspath, _namespace_name = nil)
       abspath == @version_file ? "VERSION" : super
     end
   end
diff --git a/lib/zeitwerk/gem_loader.rb b/lib/zeitwerk/gem_loader.rb
index 0067f1a..4b51d22 100644
--- a/lib/zeitwerk/gem_loader.rb
+++ b/lib/zeitwerk/gem_loader.rb
@@ -19,6 +19,8 @@ def self.__new(root_file, namespace:, warn_on_extra_files:)
     def initialize(root_file, namespace:, warn_on_extra_files:)
       super()
 
+      @namespace = namespace
+
       @tag = File.basename(root_file, ".rb")
       @tag = real_mod_name(namespace) + "-" + @tag unless namespace.equal?(Object)
 
@@ -47,7 +49,7 @@ def warn_on_extra_files
         next if abspath == expected_namespace_dir
 
         basename_without_ext = basename.delete_suffix(".rb")
-        cname = inflector.camelize(basename_without_ext, abspath).to_sym
+        cname = cname_for(basename_without_ext, abspath, real_mod_name(@namespace))
         ftype = dir?(abspath) ? "directory" : "file"
 
         warn(<<~EOS)
diff --git a/lib/zeitwerk/inflector.rb b/lib/zeitwerk/inflector.rb
index 8cac2df..393dbf4 100644
--- a/lib/zeitwerk/inflector.rb
+++ b/lib/zeitwerk/inflector.rb
@@ -5,14 +5,20 @@ class Inflector
     # Very basic snake case -> camel case conversion.
     #
     #   inflector = Zeitwerk::Inflector.new
-    #   inflector.camelize("post", ...)             # => "Post"
-    #   inflector.camelize("users_controller", ...) # => "UsersController"
-    #   inflector.camelize("api", ...)              # => "Api"
+    #   inflector.camelize("post", abspath, "Object")            # => "Post"
+    #   inflector.camelize("users_controller", abspath, "Admin") # => "UsersController"
+    #   inflector.camelize("api", abspath, "Object")             # => "Api"
     #
     # Takes into account hard-coded mappings configured with `inflect`.
     #
-    # @sig (String, String) -> String
-    def camelize(basename, _abspath)
+    # The third argument was added in 2.6.14. It is optional because existing
+    # subclasses using the previous signature with two arguments may be calling
+    # super(basename, abspath) or just super. We need these to work as they are.
+    # At the same time, super for new subclasses defining the new signature is
+    # going to work as well.
+    #
+    # @sig (String, String, String?) -> String
+    def camelize(basename, _abspath, _namespace_name = nil)
       overrides[basename] || basename.split('_').each(&:capitalize!).join
     end
 
@@ -24,9 +30,9 @@ def camelize(basename, _abspath)
     #     "mysql_adapter" => "MySQLAdapter"
     #   )
     #
-    #   inflector.camelize("html_parser", abspath)      # => "HTMLParser"
-    #   inflector.camelize("mysql_adapter", abspath)    # => "MySQLAdapter"
-    #   inflector.camelize("users_controller", abspath) # => "UsersController"
+    #   inflector.camelize("html_parser", abspath, "MyGem")      # => "HTMLParser"
+    #   inflector.camelize("users_controller", abspath, "Admin") # => "UsersController"
+    #   inflector.camelize("mysql_adapter", abspath, "Object")   # => "MySQLAdapter"
     #
     # @sig (Hash[String, String]) -> void
     def inflect(inflections)
diff --git a/lib/zeitwerk/loader.rb b/lib/zeitwerk/loader.rb
index 330bf6a..d64cdbb 100644
--- a/lib/zeitwerk/loader.rb
+++ b/lib/zeitwerk/loader.rb
@@ -265,17 +265,18 @@ def cpath_expected_at(path)
 
       return unless root_namespace
 
-      if paths.empty?
-        real_mod_name(root_namespace)
-      else
-        cnames = paths.reverse_each.map { |b, a| cname_for(b, a) }
+      root_namespace_name = real_mod_name(root_namespace)
+      return root_namespace_name if paths.empty?
 
-        if root_namespace == Object
-          cnames.join("::")
-        else
-          "#{real_mod_name(root_namespace)}::#{cnames.join("::")}"
-        end
+      basename, abspath = paths.pop
+      cpath = cpath(root_namespace, cname_for(basename, abspath, root_namespace_name))
+      cpath = cpath.dup if cpath.frozen? # Symbol#name returns a frozen string.
+
+      paths.reverse_each do |b, a|
+        cpath << "::#{cname_for(b, a, cpath)}"
       end
+
+      cpath
     end
 
     # Says if the given constant path would be unloaded on reload. This
@@ -411,12 +412,12 @@ def all_dirs
       ls(dir) do |basename, abspath|
         if ruby?(basename)
           basename.delete_suffix!(".rb")
-          autoload_file(parent, cname_for(basename, abspath), abspath)
+          autoload_file(parent, cname_for(basename, abspath, real_mod_name(parent)), abspath)
         else
           if collapse?(abspath)
             define_autoloads_for_dir(abspath, parent)
           else
-            autoload_subdir(parent, cname_for(basename, abspath), abspath)
+            autoload_subdir(parent, cname_for(basename, abspath, real_mod_name(parent)), abspath)
           end
         end
       end
diff --git a/lib/zeitwerk/loader/eager_load.rb b/lib/zeitwerk/loader/eager_load.rb
index 6f864f4..a814d81 100644
--- a/lib/zeitwerk/loader/eager_load.rb
+++ b/lib/zeitwerk/loader/eager_load.rb
@@ -36,7 +36,7 @@ def eager_load_dir(path)
 
     raise Zeitwerk::Error.new("#{abspath} is not a directory") unless dir?(abspath)
 
-    cnames = []
+    paths = []
 
     root_namespace = nil
     walk_up(abspath) do |dir|
@@ -49,7 +49,7 @@ def eager_load_dir(path)
       return if hidden?(basename)
 
       unless collapse?(dir)
-        cnames << inflector.camelize(basename, dir).to_sym
+        paths << [basename, dir]
       end
     end
 
@@ -58,9 +58,10 @@ def eager_load_dir(path)
     return if @eager_loaded
 
     namespace = root_namespace
-    cnames.reverse_each do |cname|
+    paths.reverse_each do |basename, abspath|
       # Can happen if there are no Ruby files. This is not an error condition,
       # the directory is actually managed. Could have Ruby files later.
+      cname = cname_for(basename, abspath, real_mod_name(namespace))
       return unless cdef?(namespace, cname)
       namespace = cget(namespace, cname)
     end
diff --git a/lib/zeitwerk/loader/helpers.rb b/lib/zeitwerk/loader/helpers.rb
index 52c0cf5..c2167fa 100644
--- a/lib/zeitwerk/loader/helpers.rb
+++ b/lib/zeitwerk/loader/helpers.rb
@@ -146,8 +146,12 @@ module Zeitwerk::Loader::Helpers
 
   # @raise [Zeitwerk::NameError]
   # @sig (String, String) -> Symbol
-  private def cname_for(basename, abspath)
-    cname = inflector.camelize(basename, abspath)
+  private def cname_for(basename, abspath, namespace)
+    cname = if inflector.method(:camelize).arity == 3
+      inflector.camelize(basename, abspath, namespace)
+    else
+      inflector.camelize(basename, abspath)
+    end
 
     unless cname.is_a?(String)
       raise TypeError, "#{inflector.class}#camelize must return a String, received #{cname.inspect}"
diff --git a/lib/zeitwerk/null_inflector.rb b/lib/zeitwerk/null_inflector.rb
index 195223b..1c7b22d 100644
--- a/lib/zeitwerk/null_inflector.rb
+++ b/lib/zeitwerk/null_inflector.rb
@@ -1,5 +1,9 @@
 class Zeitwerk::NullInflector
-  def camelize(basename, _abspath)
+  # See the rationale for the third optional argument in
+  # Zeitwerk::Inflector#camelize.
+  #
+  # @sig (String, String, String?) -> String
+  def camelize(basename, _abspath, _namespace = nil)
     basename
   end
 end