diff --git a/packages/markitdown/src/markitdown/converters/_ipynb_converter.py b/packages/markitdown/src/markitdown/converters/_ipynb_converter.py
index b15e77aa2..3ec423080 100644
--- a/packages/markitdown/src/markitdown/converters/_ipynb_converter.py
+++ b/packages/markitdown/src/markitdown/converters/_ipynb_converter.py
@@ -1,10 +1,24 @@
 from typing import BinaryIO, Any
 import json
+import re
 
 from .._base_converter import DocumentConverter, DocumentConverterResult
 from .._exceptions import FileConversionException
 from .._stream_info import StreamInfo
 
+
+def _fenced_code_block(content: str, info_string: str = "") -> str:
+    """Wrap content in a Markdown code fence that is guaranteed not to be
+    closed prematurely by backticks inside the content. Per CommonMark, the
+    fence must be longer than the longest run of backticks it contains, so a
+    cell that itself prints ``` (common in notebooks demoing Markdown) does not
+    leak out as prose."""
+    longest_backtick_run = max(
+        (len(m) for m in re.findall(r"`+", content)), default=0
+    )
+    fence = "`" * max(3, longest_backtick_run + 1)
+    return f"{fence}{info_string}\n{content}\n{fence}"
+
 CANDIDATE_MIME_TYPE_PREFIXES = [
     "application/json",
 ]
@@ -76,9 +90,11 @@ def _convert(self, notebook_content: dict) -> DocumentConverterResult:
 
                 elif cell_type == "code":
                     # Code cells are wrapped in Markdown code blocks
-                    md_output.append(f"```python\n{''.join(source_lines)}\n```")
+                    md_output.append(
+                        _fenced_code_block("".join(source_lines), "python")
+                    )
                 elif cell_type == "raw":
-                    md_output.append(f"```\n{''.join(source_lines)}\n```")
+                    md_output.append(_fenced_code_block("".join(source_lines)))
 
             md_text = "\n\n".join(md_output)
 
diff --git a/packages/markitdown/tests/test_module_misc.py b/packages/markitdown/tests/test_module_misc.py
index 4d62e4919..ffacdffce 100644
--- a/packages/markitdown/tests/test_module_misc.py
+++ b/packages/markitdown/tests/test_module_misc.py
@@ -532,9 +532,46 @@ def test_markitdown_llm() -> None:
     validate_strings(result, PPTX_TEST_STRINGS)
 
 
+def test_ipynb_code_cell_with_backtick_fence() -> None:
+    """A notebook code/raw cell whose source itself contains a ``` fence must
+    be wrapped in a longer fence, otherwise the inner backticks close the code
+    block early and the cell's content leaks out as prose. The cell source must
+    survive verbatim as a single fenced block."""
+    import json
+
+    inner = 'print("""\n```\nnot python\n```\n""")'
+    notebook = {
+        "nbformat": 4,
+        "nbformat_minor": 5,
+        "metadata": {},
+        "cells": [
+            {
+                "cell_type": "code",
+                "source": [inner],
+                "metadata": {},
+                "outputs": [],
+                "execution_count": None,
+            }
+        ],
+    }
+    result = MarkItDown().convert_stream(
+        io.BytesIO(json.dumps(notebook).encode("utf-8")), file_extension=".ipynb"
+    )
+
+    # The opening fence must be longer than the 3-backtick run inside the cell.
+    fence_match = re.match(r"(`{4,})python\n", result.markdown)
+    assert fence_match, (
+        f"code cell was not wrapped in a long-enough fence: {result.markdown!r}"
+    )
+    fence = fence_match.group(1)
+    # The cell's source must appear intact, enclosed by the longer fence.
+    assert f"{fence}python\n{inner}\n{fence}" in result.markdown
+
+
 if __name__ == "__main__":
     """Runs this file's tests from the command line."""
     for test in [
+        test_ipynb_code_cell_with_backtick_fence,
         test_stream_info_operations,
         test_data_uris,
         test_file_uris,