diff --git a/packages/jest-config/src/__tests__/normalize.test.js b/packages/jest-config/src/__tests__/normalize.test.js
index 89ee1bdb2daa..4287519acc5d 100644
--- a/packages/jest-config/src/__tests__/normalize.test.js
+++ b/packages/jest-config/src/__tests__/normalize.test.js
@@ -954,7 +954,7 @@ describe('preset', () => {
         return '/node_modules/react-native-js-preset/jest-preset.js';
       }
 
-      if (name === 'doesnt-exist') {
+      if (/doesnt-exist/.test(name)) {
         return null;
       }
 
diff --git a/packages/jest-config/src/normalize.ts b/packages/jest-config/src/normalize.ts
index 5d60d45c2053..8e23db998984 100644
--- a/packages/jest-config/src/normalize.ts
+++ b/packages/jest-config/src/normalize.ts
@@ -133,14 +133,15 @@ const setupPreset = (
   );
 
   try {
+    if (!presetModule) {
+      throw new Error(`Cannot find module '${presetPath}'`);
+    }
+
     // Force re-evaluation to support multiple projects
     try {
-      if (presetModule) {
-        delete require.cache[require.resolve(presetModule)];
-      }
+      delete require.cache[require.resolve(presetModule)];
     } catch {}
 
-    // @ts-expect-error: `presetModule` can be null?
     preset = require(presetModule);
   } catch (error) {
     if (error instanceof SyntaxError || error instanceof TypeError) {