diff --git a/packages/ui/src/components/message-list.tsx b/packages/ui/src/components/message-list.tsx
index 2afc246a..95082fb6 100644
--- a/packages/ui/src/components/message-list.tsx
+++ b/packages/ui/src/components/message-list.tsx
@@ -4,15 +4,24 @@ import { memo, useMemo } from "react";
 import { MemoizedMarkdown } from "@multica/ui/components/markdown";
 import { StreamingMarkdown } from "@multica/ui/components/markdown/StreamingMarkdown";
 import { ToolCallItem } from "@multica/ui/components/tool-call-item";
+import { ThinkingItem } from "@multica/ui/components/thinking-item";
 import { cn, getTextContent } from "@multica/ui/lib/utils";
 import type { Message } from "@multica/store";
-import type { ContentBlock, ToolCall } from "@multica/sdk";
+import type { ContentBlock, ToolCall, ThinkingContent } from "@multica/sdk";
 
 /** Extract toolCall blocks from content */
 function getToolCalls(blocks: ContentBlock[]): ToolCall[] {
   return blocks.filter((b): b is ToolCall => b.type === "toolCall")
 }
 
+/** Extract concatenated thinking text from content blocks */
+function getThinkingText(blocks: ContentBlock[]): string {
+  return blocks
+    .filter((b): b is ThinkingContent => b.type === "thinking")
+    .map((b) => b.thinking ?? "")
+    .join("")
+}
+
 /** Build a synthetic "running" toolResult Message from a ToolCall block */
 function toRunningMessage(tc: ToolCall, agentId: string): Message {
   return {
@@ -55,17 +64,24 @@ export const MessageList = memo(function MessageList({ messages, streamingIds }:
 
         const text = getTextContent(msg.content)
         const toolCalls = msg.role === "assistant" ? getToolCalls(msg.content) : []
+        const thinking = msg.role === "assistant" ? getThinkingText(msg.content) : ""
+        const hasThinkingBlocks = msg.role === "assistant" && msg.content.some((b) => b.type === "thinking")
         const isStreaming = streamingIds.has(msg.id)
 
         // Find toolCall blocks that don't have a toolResult message yet —
         // these are tools the LLM decided to call but haven't started executing
         const unresolvedToolCalls = toolCalls.filter((tc) => !resolvedToolCallIds.has(tc.id))
 
-        // Skip completely empty messages (no text, no unresolved tools, not streaming)
-        if (!text && unresolvedToolCalls.length === 0 && !isStreaming) return null
+        // Skip completely empty messages (no text, no unresolved tools, no thinking, not streaming)
+        if (!text && unresolvedToolCalls.length === 0 && !hasThinkingBlocks && !isStreaming) return null
 
         return (
           <div key={msg.id}>
+            {/* Render thinking content (before text, matching LLM output order) */}
+            {hasThinkingBlocks && (
+              <ThinkingItem thinking={thinking} isStreaming={isStreaming} />
+            )}
+
             {/* Render text content (if any) */}
             {(text || isStreaming) && (
               <div
diff --git a/packages/ui/src/components/thinking-item.tsx b/packages/ui/src/components/thinking-item.tsx
new file mode 100644
index 00000000..417fa362
--- /dev/null
+++ b/packages/ui/src/components/thinking-item.tsx
@@ -0,0 +1,98 @@
+"use client"
+
+import { memo, useState } from "react"
+import { HugeiconsIcon } from "@hugeicons/react"
+import {
+  AiBrain01Icon,
+  ArrowRight01Icon,
+} from "@hugeicons/core-free-icons"
+import { cn } from "@multica/ui/lib/utils"
+
+interface ThinkingItemProps {
+  thinking: string
+  isStreaming?: boolean
+}
+
+export const ThinkingItem = memo(function ThinkingItem({ thinking, isStreaming }: ThinkingItemProps) {
+  const [expanded, setExpanded] = useState(false)
+
+  const hasContent = !!thinking
+  const isThinking = isStreaming && !hasContent
+
+  return (
+    <div className="py-0.5 px-2.5 text-sm text-muted-foreground">
+      <div className={cn("rounded transition-colors", expanded && "bg-muted/30")}>
+      <button
+        type="button"
+        aria-label={isThinking ? "Thinking" : "Thought"}
+        aria-expanded={hasContent ? expanded : undefined}
+        onClick={() => hasContent && setExpanded(!expanded)}
+        className={cn(
+          "group flex w-full items-center gap-1.5 rounded px-2.5 py-1",
+          "text-left transition-[color,background-color]",
+          "focus-visible:ring-2 focus-visible:ring-ring focus-visible:ring-offset-1 outline-none",
+          hasContent && !expanded && "hover:bg-muted/30 cursor-pointer",
+          hasContent && expanded && "cursor-pointer",
+          !hasContent && "cursor-default",
+        )}
+      >
+        {/* Status dot */}
+        <span
+          className={cn(
+            "size-1.5 rounded-full shrink-0",
+            isThinking
+              ? "bg-[var(--tool-running)] motion-safe:animate-[glow-pulse_2s_ease-in-out_infinite]"
+              : "bg-[var(--tool-success)]",
+          )}
+        />
+
+        {/* Icon */}
+        <HugeiconsIcon
+          icon={AiBrain01Icon}
+          strokeWidth={2}
+          className="size-3.5 shrink-0"
+        />
+
+        {/* Label */}
+        <span className="font-medium shrink-0">
+          {isThinking ? "Thinking" : "Thought"}
+        </span>
+
+        {/* Running indicator */}
+        {isThinking && (
+          <span className="ml-auto text-xs text-muted-foreground/60 shrink-0 font-[tabular-nums] motion-safe:animate-pulse">
+            thinking…
+          </span>
+        )}
+
+        {/* Chevron — visible on hover when expandable */}
+        {hasContent && (
+          <HugeiconsIcon
+            icon={ArrowRight01Icon}
+            strokeWidth={2}
+            className={cn(
+              "size-3 text-muted-foreground/40 shrink-0",
+              "transition-[transform,opacity] duration-150",
+              !isThinking && "ml-auto",
+              "opacity-0 group-hover:opacity-100",
+              expanded && "rotate-90 opacity-100",
+            )}
+          />
+        )}
+      </button>
+
+      {/* Expanded thinking content */}
+      {expanded && thinking && (
+        <div
+          role="region"
+          aria-label="Thinking content"
+          tabIndex={0}
+          className="px-2.5 pt-1 pb-2 text-xs max-h-48 overflow-y-auto whitespace-pre-wrap break-words"
+        >
+          {thinking}
+        </div>
+      )}
+      </div>
+    </div>
+  )
+})