This article analyzes the phenomenon of homonymy in the Uzbek language from a linguistic perspective. The study elucidates the essence of homonymy and, with illustrative examples, identifies its manifestations in Uzbek, including lexical homonymy, contextual (speech) homonymy, affixal homonymy, phraseological homonymy, homonymy between fixed expressions and word combinations, as well as homonymy between fixed expressions and sentences. Furthermore, the types of homonymy – namely absolute (proper) homonyms and conditional homonyms, including homographs, homoforms, and homophones – are systematically described. Particular attention is paid to a comparative analysis of the phonetic, semantic, and functional differences between homophones and paronyms. The article also discusses the role of homonymic units in discourse, their impact on the communicative process, and issues related to linguistic norms. The findings of the study are of significant scholarly value for further in-depth research on homonymy in Uzbek linguistics and for practical application in lexicography and language education