diff --git a/packages/playwright-core/src/server/frames.ts b/packages/playwright-core/src/server/frames.ts
index bf28adb99ffbb..865518ce4ca01 100644
--- a/packages/playwright-core/src/server/frames.ts
+++ b/packages/playwright-core/src/server/frames.ts
@@ -1382,8 +1382,6 @@ export class Frame extends SdkObject {
     // Library mode special case for the expect errors which are return values, not exceptions.
     if (result.matches === options.isNot)
       metadata.error = { error: { name: 'Expect', message: 'Expect failed' } };
-    if (result.log?.[result.log.length - 1].startsWith('waiting for '))
-      result.received = '<element(s) not found>';
     return result;
   }
 
@@ -1422,7 +1420,7 @@ export class Frame extends SdkObject {
         const injected = await context.injectedScript();
         progress.throwIfAborted();
 
-        const { log, matches, received, missingRecevied } = await injected.evaluate(async (injected, { info, options, callId }) => {
+        const { log, matches, received, missingReceived } = await injected.evaluate(async (injected, { info, options, callId }) => {
           const elements = info ? injected.querySelectorAll(info.parsed, document) : [];
           const isArray = options.expression === 'to.have.count' || options.expression.endsWith('.array');
           let log = '';
@@ -1434,16 +1432,16 @@ export class Frame extends SdkObject {
             log = `  locator resolved to ${injected.previewNode(elements[0])}`;
           if (callId)
             injected.markTargetElements(new Set(elements), callId);
-          return { log, ...(await injected.expect(elements[0], options, elements)) };
+          return { log, ...await injected.expect(elements[0], options, elements) };
         }, { info, options, callId: metadata.id });
 
         if (log)
           progress.log(log);
         // Note: missingReceived avoids `unexpected value "undefined"` when element was not found.
-        if (matches === options.isNot && !missingRecevied) {
-          lastIntermediateResult.received = received;
+        if (matches === options.isNot) {
+          lastIntermediateResult.received = missingReceived ? '<element(s) not found>' : received;
           lastIntermediateResult.isSet = true;
-          if (!Array.isArray(received))
+          if (!missingReceived && !Array.isArray(received))
             progress.log(`  unexpected value "${renderUnexpectedValue(options.expression, received)}"`);
         }
         if (!oneShot && matches === options.isNot) {
diff --git a/packages/playwright-core/src/server/injected/injectedScript.ts b/packages/playwright-core/src/server/injected/injectedScript.ts
index de3c13c1b2661..37ed8cbc94336 100644
--- a/packages/playwright-core/src/server/injected/injectedScript.ts
+++ b/packages/playwright-core/src/server/injected/injectedScript.ts
@@ -1098,7 +1098,7 @@ export class InjectedScript {
     this.onGlobalListenersRemoved.add(addHitTargetInterceptorListeners);
   }
 
-  async expect(element: Element | undefined, options: FrameExpectParams, elements: Element[]): Promise<{ matches: boolean, received?: any, missingRecevied?: boolean }> {
+  async expect(element: Element | undefined, options: FrameExpectParams, elements: Element[]): Promise<{ matches: boolean, received?: any, missingReceived?: boolean }> {
     const isArray = options.expression === 'to.have.count' || options.expression.endsWith('.array');
     if (isArray)
       return this.expectArray(elements, options);
@@ -1119,7 +1119,7 @@ export class InjectedScript {
       if (options.isNot && options.expression === 'to.be.in.viewport')
         return { matches: false };
       // When none of the above applies, expect does not match.
-      return { matches: options.isNot, missingRecevied: true };
+      return { matches: options.isNot, missingReceived: true };
     }
     return await this.expectSingleElement(element, options);
   }
@@ -1166,7 +1166,7 @@ export class InjectedScript {
           throw this.createStacklessError('Element is not a checkbox');
         if (elementState === 'error:notconnected')
           throw this.createStacklessError('Element is not connected');
-        return { matches: elementState };
+        return { received: elementState, matches: elementState };
       }
     }
 
diff --git a/packages/playwright/src/matchers/matcherHint.ts b/packages/playwright/src/matchers/matcherHint.ts
index 17d893431c659..2db79cbf6fa31 100644
--- a/packages/playwright/src/matchers/matcherHint.ts
+++ b/packages/playwright/src/matchers/matcherHint.ts
@@ -20,6 +20,8 @@ import type { Locator } from 'playwright-core';
 import type { StackFrame } from '@protocol/channels';
 import { stringifyStackFrames } from 'playwright-core/lib/utils';
 
+export const kNoElementsFoundError = '<element(s) not found>';
+
 export function matcherHint(state: ExpectMatcherContext, locator: Locator | undefined, matcherName: string, expression: any, actual: any, matcherOptions: any, timeout?: number) {
   let header = state.utils.matcherHint(matcherName, expression, actual, matcherOptions).replace(/ \/\/ deep equality/, '') + '\n\n';
   if (timeout)
diff --git a/packages/playwright/src/matchers/toBeTruthy.ts b/packages/playwright/src/matchers/toBeTruthy.ts
index d22995ad979f3..1da531a6fb153 100644
--- a/packages/playwright/src/matchers/toBeTruthy.ts
+++ b/packages/playwright/src/matchers/toBeTruthy.ts
@@ -15,7 +15,7 @@
  */
 
 import { expectTypes, callLogText } from '../util';
-import { matcherHint } from './matcherHint';
+import { kNoElementsFoundError, matcherHint } from './matcherHint';
 import type { MatcherResult } from './matcherHint';
 import { currentExpectTimeout } from '../common/globals';
 import type { ExpectMatcherContext } from './expect';
@@ -41,12 +41,13 @@ export async function toBeTruthy(
 
   const timeout = currentExpectTimeout(options);
   const { matches, log, timedOut, received } = await query(!!this.isNot, timeout);
+  const notFound = received === kNoElementsFoundError ? received : undefined;
   const actual = matches ? expected : unexpected;
   const message = () => {
     const header = matcherHint(this, receiver, matcherName, 'locator', arg, matcherOptions, timedOut ? timeout : undefined);
     const logText = callLogText(log);
-    return matches ? `${header}Expected: not ${expected}\nReceived: ${received ?? expected}${logText}` :
-      `${header}Expected: ${expected}\nReceived: ${received ?? unexpected}${logText}`;
+    return matches ? `${header}Expected: not ${expected}\nReceived: ${notFound ? kNoElementsFoundError : expected}${logText}` :
+      `${header}Expected: ${expected}\nReceived: ${notFound ? kNoElementsFoundError : unexpected}${logText}`;
   };
   return {
     message,
diff --git a/packages/playwright/src/matchers/toMatchText.ts b/packages/playwright/src/matchers/toMatchText.ts
index df95727250739..64759f01b8b2b 100644
--- a/packages/playwright/src/matchers/toMatchText.ts
+++ b/packages/playwright/src/matchers/toMatchText.ts
@@ -23,7 +23,7 @@ import {
   printReceivedStringContainExpectedResult,
   printReceivedStringContainExpectedSubstring
 } from './expect';
-import { matcherHint } from './matcherHint';
+import { kNoElementsFoundError, matcherHint } from './matcherHint';
 import type { MatcherResult } from './matcherHint';
 import { currentExpectTimeout } from '../common/globals';
 import type { Locator } from 'playwright-core';
@@ -64,39 +64,28 @@ export async function toMatchText(
   const { matches: pass, received, log, timedOut } = await query(!!this.isNot, timeout);
   const stringSubstring = options.matchSubstring ? 'substring' : 'string';
   const receivedString = received || '';
-  const message = pass
-    ? () =>
-      typeof expected === 'string'
-        ? matcherHint(this, receiver, matcherName, 'locator', undefined, matcherOptions, timedOut ? timeout : undefined) +
-        `Expected ${stringSubstring}: not ${this.utils.printExpected(expected)}\n` +
-        `Received string: ${receivedString.indexOf(expected) !== -1 ? printReceivedStringContainExpectedSubstring(
-            receivedString,
-            receivedString.indexOf(expected),
-            expected.length,
-        ) : '"' + receivedString + '"'}` + callLogText(log)
-        : matcherHint(this, receiver, matcherName, 'locator', undefined, matcherOptions, timedOut ? timeout : undefined) +
-        `Expected pattern: not ${this.utils.printExpected(expected)}\n` +
-        `Received string: ${printReceivedStringContainExpectedResult(
-            receivedString,
-            typeof expected.exec === 'function'
-              ? expected.exec(receivedString)
-              : null,
-        )}` + callLogText(log)
-    : () => {
-      const labelExpected = `Expected ${typeof expected === 'string' ? stringSubstring : 'pattern'
-      }`;
-      const labelReceived = 'Received string';
-
-      return (
-        matcherHint(this, receiver, matcherName, 'locator', undefined, matcherOptions, timedOut ? timeout : undefined) +
-        this.utils.printDiffOrStringify(
-            expected,
-            receivedString,
-            labelExpected,
-            labelReceived,
-            this.expand !== false,
-        )) + callLogText(log);
-    };
+  const messagePrefix = matcherHint(this, receiver, matcherName, 'locator', undefined, matcherOptions, timedOut ? timeout : undefined);
+  const notFound = received === kNoElementsFoundError;
+  const message = () => {
+    if (pass) {
+      if (typeof expected === 'string') {
+        if (notFound)
+          return messagePrefix + `Expected ${stringSubstring}: not ${this.utils.printExpected(expected)}\nReceived: ${received}` + callLogText(log);
+        const printedReceived = printReceivedStringContainExpectedSubstring(receivedString, receivedString.indexOf(expected), expected.length);
+        return messagePrefix + `Expected ${stringSubstring}: not ${this.utils.printExpected(expected)}\nReceived string: ${printedReceived}` + callLogText(log);
+      } else {
+        if (notFound)
+          return messagePrefix + `Expected pattern: not ${this.utils.printExpected(expected)}\nReceived: ${received}` + callLogText(log);
+        const printedReceived = printReceivedStringContainExpectedResult(receivedString, typeof expected.exec === 'function' ? expected.exec(receivedString) : null);
+        return messagePrefix + `Expected pattern: not ${this.utils.printExpected(expected)}\nReceived string: ${printedReceived}` + callLogText(log);
+      }
+    } else {
+      const labelExpected = `Expected ${typeof expected === 'string' ? stringSubstring : 'pattern'}`;
+      if (notFound)
+        return messagePrefix + `${labelExpected}: ${this.utils.printExpected(expected)}\nReceived: ${received}` + callLogText(log);
+      return messagePrefix + this.utils.printDiffOrStringify(expected, receivedString, labelExpected, 'Received string', this.expand !== false) + callLogText(log);
+    }
+  };
 
   return {
     name: matcherName,
diff --git a/tests/page/expect-to-have-text.spec.ts b/tests/page/expect-to-have-text.spec.ts
index 0018cfca0d3c0..d10700e98b94d 100644
--- a/tests/page/expect-to-have-text.spec.ts
+++ b/tests/page/expect-to-have-text.spec.ts
@@ -158,7 +158,7 @@ test.describe('not.toHaveText', () => {
     await page.setContent('<div>hello</div>');
     const error = await expect(page.locator('span')).not.toHaveText('hello', { timeout: 1000 }).catch(e => e);
     expect(stripAnsi(error.message)).toContain('Expected string: not "hello"');
-    expect(stripAnsi(error.message)).toContain('Received string: "<element(s) not found>"');
+    expect(stripAnsi(error.message)).toContain('Received: <element(s) not found>');
     expect(stripAnsi(error.message)).toContain('waiting for locator(\'span\')');
   });
 });
diff --git a/tests/page/matchers.misc.spec.ts b/tests/page/matchers.misc.spec.ts
index f2693ecc5ce67..1cf7ba56cc07b 100644
--- a/tests/page/matchers.misc.spec.ts
+++ b/tests/page/matchers.misc.spec.ts
@@ -29,31 +29,18 @@ it('should print no-locator-resolved error when locator matcher did not resolve
   const myLocator = page.locator('.nonexisting');
   const expectWithShortLivingTimeout = expect.configure({ timeout: 10 });
   const locatorMatchers = [
-    () => expectWithShortLivingTimeout(myLocator).toBeAttached(),
-    () => expectWithShortLivingTimeout(myLocator).toBeChecked(),
-    () => expectWithShortLivingTimeout(myLocator).toBeDisabled(),
-    () => expectWithShortLivingTimeout(myLocator).toBeEditable(),
-    () => expectWithShortLivingTimeout(myLocator).toBeEmpty(),
-    () => expectWithShortLivingTimeout(myLocator).toBeEnabled(),
-    () => expectWithShortLivingTimeout(myLocator).toBeFocused(),
-    () => expectWithShortLivingTimeout(myLocator).toBeInViewport(),
-    () => expectWithShortLivingTimeout(myLocator).toBeVisible(),
-    () => expectWithShortLivingTimeout(myLocator).toContainText('abc'),
-    () => expectWithShortLivingTimeout(myLocator).toHaveAttribute('abc'),
-    () => expectWithShortLivingTimeout(myLocator).toHaveClass('abc'),
-    () => expectWithShortLivingTimeout(myLocator).toHaveCSS('abc', 'abc'),
-    () => expectWithShortLivingTimeout(myLocator).toHaveId('abc'),
-    () => expectWithShortLivingTimeout(myLocator).toHaveJSProperty('abc', 'abc'),
-    () => expectWithShortLivingTimeout(myLocator).toHaveText('abc'),
-    () => expectWithShortLivingTimeout(myLocator).toHaveValue('abc'),
-    () => expectWithShortLivingTimeout(myLocator).toHaveValues(['abc']),
+    () => expectWithShortLivingTimeout(myLocator).toBeAttached(),                 // Boolean matcher
+    () => expectWithShortLivingTimeout(myLocator).toHaveJSProperty('abc', 'abc'), // Equal matcher
+    () => expectWithShortLivingTimeout(myLocator).not.toHaveText('abc'),          // Text matcher - pass / string
+    () => expectWithShortLivingTimeout(myLocator).not.toHaveText(/abc/),          // Text matcher - pass / RegExp
+    () => expectWithShortLivingTimeout(myLocator).toContainText('abc'),           // Text matcher - fail
   ];
   for (const matcher of locatorMatchers) {
     await it.step(matcher.toString(), async () => {
       const error = await matcher().catch(e => e);
       expect(error).toBeInstanceOf(Error);
       expect(error.message).toContain(`waiting for locator('.nonexisting')`);
-      expect(stripAnsi(error.message)).toMatch(/Received( string)?: "?<element\(s\) not found>/);
+      expect(stripAnsi(error.message)).toMatch(/Received:  ?"?<element\(s\) not found>/);
     });
   }
 });
diff --git a/tests/playwright-test/expect.spec.ts b/tests/playwright-test/expect.spec.ts
index d0ca255eed16c..6c9955096535a 100644
--- a/tests/playwright-test/expect.spec.ts
+++ b/tests/playwright-test/expect.spec.ts
@@ -647,7 +647,7 @@ test('should print pending operations for toHaveText', async ({ runInlineTest })
   const output = result.output;
   expect(output).toContain(`expect(locator).toHaveText(expected)`);
   expect(output).toContain('Expected string: "Text"');
-  expect(output).toContain('Received string: "<element(s) not found>"');
+  expect(output).toContain('Received: <element(s) not found>');
   expect(output).toContain('waiting for locator(\'no-such-thing\')');
 });