diff --git a/vllm/v1/worker/gpu/cudagraph_utils.py b/vllm/v1/worker/gpu/cudagraph_utils.py
index 95369005d..6e43043bc 100644
--- a/vllm/v1/worker/gpu/cudagraph_utils.py
+++ b/vllm/v1/worker/gpu/cudagraph_utils.py
@@ -89,7 +89,6 @@ class CudaGraphManager:
         model: nn.Module,
         model_state: ModelState,
         input_buffers: InputBuffers,
-        inputs_embeds: torch.Tensor | None,
         block_tables: BlockTables,
         attn_groups: list[list[AttentionGroup]],
         kv_cache_config: KVCacheConfig,
@@ -116,9 +115,6 @@ class CudaGraphManager:
         model_inputs = {
             "input_ids": input_buffers.input_ids[:num_tokens],
             "positions": input_buffers.positions[:num_tokens],
-            "inputs_embeds": (
-                inputs_embeds[:num_tokens] if inputs_embeds is not None else None
-            ),
             # NOTE: Values returned by `prepare_dummy_inputs` will override the
             # default values above.
             **model_state.prepare_dummy_inputs(num_reqs, num_tokens),
@@ -255,7 +251,6 @@ class CudaGraphManager:
         model: nn.Module,
         model_state: ModelState,
         input_buffers: InputBuffers,
-        inputs_embeds: torch.Tensor | None,
         block_tables: BlockTables,
         attn_groups: list[list[AttentionGroup]],
         kv_cache_config: KVCacheConfig,
@@ -267,7 +262,6 @@ class CudaGraphManager:
             model=model,
             model_state=model_state,
             input_buffers=input_buffers,
-            inputs_embeds=inputs_embeds,
             block_tables=block_tables,
             attn_groups=attn_groups,
             kv_cache_config=kv_cache_config,
diff --git a/vllm/v1/worker/gpu/input_batch.py b/vllm/v1/worker/gpu/input_batch.py
index 5918cc374..974f117d2 100644
--- a/vllm/v1/worker/gpu/input_batch.py
+++ b/vllm/v1/worker/gpu/input_batch.py
@@ -66,8 +66,6 @@ class InputBatch:
     input_ids: torch.Tensor
     # [num_tokens_after_padding]
     positions: torch.Tensor
-    # [num_tokens_after_padding, hidden_size]
-    inputs_embeds: torch.Tensor | None
 
     # [total_num_logits]
     logits_indices: torch.Tensor
@@ -138,7 +136,6 @@ class InputBatch:
             dcp_local_seq_lens=None,
             input_ids=input_ids,
             positions=positions,
-            inputs_embeds=None,
             logits_indices=logits_indices,
             cu_num_logits=cu_num_logits,
             cu_num_logits_np=cu_num_logits_np,
diff --git a/vllm/v1/worker/gpu/mm/encoder_cache.py b/vllm/v1/worker/gpu/mm/encoder_cache.py
new file mode 100644
index 000000000..1fcbe6429
--- /dev/null
+++ b/vllm/v1/worker/gpu/mm/encoder_cache.py
@@ -0,0 +1,40 @@
+# SPDX-License-Identifier: Apache-2.0
+# SPDX-FileCopyrightText: Copyright contributors to the vLLM project
+import torch
+
+from vllm.multimodal.inputs import MultiModalFeatureSpec
+
+
+class EncoderCache:
+    def __init__(self):
+        # req_id -> MM features
+        self.mm_features: dict[str, list[MultiModalFeatureSpec]] = {}
+        # MM hash -> encoder outputs
+        self.encoder_outputs: dict[str, torch.Tensor] = {}
+
+    def add_request(
+        self, req_id: str, mm_features: list[MultiModalFeatureSpec]
+    ) -> None:
+        self.mm_features[req_id] = mm_features
+
+    def remove_request(self, req_id: str) -> None:
+        self.mm_features.pop(req_id, None)
+
+    def reset_mm_cache(self) -> None:
+        """
+        Clear the multi-modal cache that was used during profiling,
+        but no longer needed during inference.
+        """
+        # TODO: Implement MM budget for encoder dummy run
+        pass
+
+    def reset_encoder_cache(self) -> None:
+        """Clear the GPU-side encoder cache storing vision embeddings.
+
+        This should be called when model weights are updated to ensure
+        stale embeddings computed with old weights are not reused.
+        """
+        self.encoder_outputs.clear()
+
+    def free_encoder_cache(self, mm_hash: str) -> None:
+        self.encoder_outputs.pop(mm_hash, None)
diff --git a/vllm/v1/worker/gpu/mm/encoder_runner.py b/vllm/v1/worker/gpu/mm/encoder_runner.py
index 941e77e39..c0676d05d 100644
--- a/vllm/v1/worker/gpu/mm/encoder_runner.py
+++ b/vllm/v1/worker/gpu/mm/encoder_runner.py
@@ -4,8 +4,9 @@ import numpy as np
 import torch
 
 from vllm.model_executor.models.interfaces import SupportsMultiModal
-from vllm.multimodal.inputs import MultiModalFeatureSpec, MultiModalKwargsItem
+from vllm.multimodal.inputs import MultiModalKwargsItem
 from vllm.multimodal.utils import group_mm_kwargs_by_modality
+from vllm.v1.worker.gpu.mm.encoder_cache import EncoderCache
 from vllm.v1.worker.utils import sanity_check_mm_encoder_outputs
 
 
@@ -14,44 +15,19 @@ class EncoderRunner:
         self,
         max_num_tokens: int,
         hidden_size: int,
+        encoder_cache: EncoderCache,
         dtype: torch.dtype,
         device: torch.device,
     ):
         self.max_num_tokens = max_num_tokens
         self.hidden_size = hidden_size
+        self.encoder_cache = encoder_cache
         self.dtype = dtype
         self.device = device
 
         self.inputs_embeds = torch.zeros(
             max_num_tokens, hidden_size, dtype=dtype, device=device
         )
-        self.req_id_to_mm_features: dict[str, list[MultiModalFeatureSpec]] = {}
-        self.encoder_cache: dict[str, torch.Tensor] = {}
-
-    def reset_mm_cache(self) -> None:
-        """
-        Clear the multi-modal cache that was used during profiling,
-        but no longer needed during inference.
-        """
-        # TODO: Implement MM budget for encoder dummy run
-        pass
-
-    def reset_encoder_cache(self) -> None:
-        """Clear the GPU-side encoder cache storing vision embeddings.
-
-        This should be called when model weights are updated to ensure
-        stale embeddings computed with old weights are not reused.
-        """
-        self.encoder_cache.clear()
-
-    def add_request(self, req_id: str, mm_features: list[MultiModalFeatureSpec]):
-        self.req_id_to_mm_features[req_id] = mm_features
-
-    def free_encoder_cache(self, mm_hash: str) -> None:
-        self.encoder_cache.pop(mm_hash, None)
-
-    def remove_request(self, req_id: str) -> None:
-        self.req_id_to_mm_features.pop(req_id, None)
 
     def prepare_mm_inputs(
         self, scheduled_encoder_inputs: dict[str, list[int]]
@@ -59,7 +35,7 @@ class EncoderRunner:
         mm_hashes: list[str] = []
         mm_kwargs: list[tuple[str, MultiModalKwargsItem]] = []
         for req_id, encoder_input_ids in scheduled_encoder_inputs.items():
-            mm_features = self.req_id_to_mm_features[req_id]
+            mm_features = self.encoder_cache.mm_features[req_id]
             for mm_input_id in encoder_input_ids:
                 mm_feature = mm_features[mm_input_id]
                 if mm_feature.data is None:
@@ -90,7 +66,7 @@ class EncoderRunner:
             encoder_outputs.extend(curr_group_outputs)
 
         # Cache the encoder outputs by mm_hash
-        self.encoder_cache.update(zip(mm_hashes, encoder_outputs))
+        self.encoder_cache.encoder_outputs.update(zip(mm_hashes, encoder_outputs))
         return encoder_outputs
 
     def gather_mm_embeddings(
@@ -122,7 +98,7 @@ class EncoderRunner:
                 # OPTIMIZATION: Skip decode requests.
                 continue
 
-            mm_features = self.req_id_to_mm_features[req_id]
+            mm_features = self.encoder_cache.mm_features[req_id]
             for mm_feature in mm_features:
                 pos_info = mm_feature.mm_position
                 start_pos = pos_info.offset
@@ -148,7 +124,7 @@ class EncoderRunner:
                     continue
 
                 mm_hash = mm_feature.identifier
-                encoder_output = self.encoder_cache.get(mm_hash, None)
+                encoder_output = self.encoder_cache.encoder_outputs.get(mm_hash, None)
                 assert encoder_output is not None, f"Encoder cache miss for {mm_hash}."
 
                 if (is_embed := pos_info.is_embed) is not None:
diff --git a/vllm/v1/worker/gpu/model_runner.py b/vllm/v1/worker/gpu/model_runner.py
index 8bca1a17f..188a2694e 100644
--- a/vllm/v1/worker/gpu/model_runner.py
+++ b/vllm/v1/worker/gpu/model_runner.py
@@ -77,7 +77,7 @@ from vllm.v1.worker.gpu.kv_connector import (
     get_kv_connector,
 )
 from vllm.v1.worker.gpu.lora_utils import LoraState
-from vllm.v1.worker.gpu.mm.encoder_runner import EncoderRunner
+from vllm.v1.worker.gpu.mm.encoder_cache import EncoderCache
 from vllm.v1.worker.gpu.model_states import ModelState
 from vllm.v1.worker.gpu.pool.pooling_runner import PoolingRunner
 from vllm.v1.worker.gpu.pp_utils import pp_broadcast, pp_receive
@@ -127,20 +127,6 @@ class GPUModelRunner(LoRAModelRunnerMixin):
         self.max_model_len = self.model_config.max_model_len
         self.max_num_tokens = self.scheduler_config.max_num_batched_tokens
         self.max_num_reqs = self.scheduler_config.max_num_seqs
-        self.inputs_embeds_size = self.model_config.get_inputs_embeds_size()
-
-        # Multimodal
-        self.mm_registry = MULTIMODAL_REGISTRY
-        self.supports_mm_inputs = self.mm_registry.supports_multimodal_inputs(
-            self.model_config
-        )
-        if self.supports_mm_inputs:
-            self.encoder_runner = EncoderRunner(
-                max_num_tokens=self.max_num_tokens,
-                hidden_size=self.inputs_embeds_size,
-                dtype=self.dtype,
-                device=self.device,
-            )
 
         self.use_async_scheduling = self.scheduler_config.async_scheduling
         self.output_copy_stream = torch.cuda.Stream(self.device)
@@ -162,6 +148,15 @@ class GPUModelRunner(LoRAModelRunnerMixin):
         self.dcp_rank = get_dcp_group().rank_in_group if self.use_dcp else 0
         self.cp_interleave = self.parallel_config.cp_kv_cache_interleave_size
 
+        # Multimodal
+        self.mm_registry = MULTIMODAL_REGISTRY
+        self.supports_mm_inputs = self.mm_registry.supports_multimodal_inputs(
+            self.model_config
+        )
+        self.encoder_cache = None
+        if self.supports_mm_inputs and self.is_first_pp_rank:
+            self.encoder_cache = EncoderCache()
+
         self.speculator = None
         self.num_speculative_steps = 0
         self.use_aux_hidden_state_outputs = False
@@ -272,7 +267,9 @@ class GPUModelRunner(LoRAModelRunnerMixin):
             prepare_communication_buffer_for_model(self.speculator)
 
         # Initialize the components that require the model.
-        self.model_state = ModelState(self.vllm_config, self.model, self.device)
+        self.model_state = ModelState(
+            self.vllm_config, self.model, self.encoder_cache, self.device
+        )
         if self.is_pooling_model:
             self.pooling_runner = PoolingRunner(self.model)
 
@@ -435,12 +432,12 @@ class GPUModelRunner(LoRAModelRunnerMixin):
         gc.collect()
 
     def reset_mm_cache(self) -> None:
-        if self.supports_mm_inputs:
-            self.encoder_runner.reset_mm_cache()
+        if self.encoder_cache is not None:
+            self.encoder_cache.reset_mm_cache()
 
     def reset_encoder_cache(self) -> None:
-        if self.supports_mm_inputs:
-            self.encoder_runner.reset_encoder_cache()
+        if self.encoder_cache is not None:
+            self.encoder_cache.reset_encoder_cache()
 
     def _get_num_input_tokens(self, num_scheduled_tokens: int) -> int:
         # SP is not supported yet.
@@ -469,14 +466,10 @@ class GPUModelRunner(LoRAModelRunnerMixin):
         start_free_gpu_memory = torch.cuda.mem_get_info()[0]
 
         with self.maybe_setup_dummy_loras(self.lora_config):
-            inputs_embeds = None
-            if self.supports_mm_inputs:
-                inputs_embeds = self.encoder_runner.inputs_embeds
             self.cudagraph_manager.capture(
                 model=self.model,
                 model_state=self.model_state,
                 input_buffers=self.input_buffers,
-                inputs_embeds=inputs_embeds,
                 block_tables=self.block_tables,
                 attn_groups=self.attn_groups,
                 kv_cache_config=self.kv_cache_config,
@@ -511,15 +504,15 @@ class GPUModelRunner(LoRAModelRunnerMixin):
             finished_req_ids = finished_req_ids.union(preempted_req_ids)
         for req_id in finished_req_ids:
             self.req_states.remove_request(req_id)
-            if self.supports_mm_inputs:
-                self.encoder_runner.remove_request(req_id)
+            if self.encoder_cache is not None:
+                self.encoder_cache.remove_request(req_id)
             self.prompt_logprobs_worker.remove_request(req_id)
             self.lora_state.remove_request(req_id)
 
     def free_states(self, scheduler_output: SchedulerOutput) -> None:
-        if self.supports_mm_inputs:
+        if self.encoder_cache is not None:
             for mm_hash in scheduler_output.free_encoder_mm_hashes:
-                self.encoder_runner.free_encoder_cache(mm_hash)
+                self.encoder_cache.free_encoder_cache(mm_hash)
 
     def add_requests(self, scheduler_output: SchedulerOutput) -> None:
         for new_req_data in scheduler_output.scheduled_new_reqs:
@@ -535,8 +528,8 @@ class GPUModelRunner(LoRAModelRunnerMixin):
             )
             req_index = self.req_states.req_id_to_index[req_id]
 
-            if self.supports_mm_inputs:
-                self.encoder_runner.add_request(req_id, new_req_data.mm_features)
+            if self.encoder_cache is not None:
+                self.encoder_cache.add_request(req_id, new_req_data.mm_features)
 
             self.model_state.add_request(req_index, new_req_data)
             self.block_tables.append_block_ids(
@@ -695,7 +688,6 @@ class GPUModelRunner(LoRAModelRunnerMixin):
             dcp_local_seq_lens=dcp_local_seq_lens,
             input_ids=self.input_buffers.input_ids[:num_tokens_after_padding],
             positions=self.input_buffers.positions[:num_tokens_after_padding],
-            inputs_embeds=None,
             logits_indices=logits_indices,
             cu_num_logits=cu_num_logits,
             cu_num_logits_np=cu_num_logits_np,
@@ -724,26 +716,6 @@ class GPUModelRunner(LoRAModelRunnerMixin):
         )
         return block_tables, slot_mappings
 
-    @torch.inference_mode()
-    def get_mm_embeddings(
-        self,
-        scheduled_encoder_inputs: dict[str, list[int]],
-        input_batch: InputBatch,
-    ) -> tuple[list[torch.Tensor], torch.Tensor]:
-        mm_hashes, mm_kwargs = self.encoder_runner.prepare_mm_inputs(
-            scheduled_encoder_inputs
-        )
-        self.encoder_runner.execute_mm_encoder(self.model, mm_hashes, mm_kwargs)
-        mm_embeds, is_mm_embed = self.encoder_runner.gather_mm_embeddings(
-            input_batch.req_ids,
-            input_batch.num_tokens,
-            input_batch.num_scheduled_tokens,
-            input_batch.query_start_loc_np,
-            self.req_states.prefill_len.np[input_batch.idx_mapping_np],
-            self.req_states.num_computed_prefill_tokens[input_batch.idx_mapping_np],
-        )
-        return mm_embeds, is_mm_embed
-
     def sample(
         self,
         hidden_states: torch.Tensor,
@@ -890,18 +862,6 @@ class GPUModelRunner(LoRAModelRunnerMixin):
                     input_batch.num_scheduled_tokens,
                 )
                 self._set_active_loras(*lora_inputs)
-
-            # Only first PP rank prepares multimodal embeddings.
-            if self.supports_mm_inputs and self.is_first_pp_rank:
-                mm_embeds, is_mm_embed = self.get_mm_embeddings(
-                    scheduler_output.scheduled_encoder_inputs, input_batch
-                )
-                inputs_embeds = self.encoder_runner.get_inputs_embeds(
-                    self.model, input_batch.input_ids, mm_embeds, is_mm_embed
-                )
-                input_batch.inputs_embeds = inputs_embeds[
-                    : input_batch.num_tokens_after_padding
-                ]
         else:
             # No actual tokens to run. A dummy run for DP or memory profiling.
             num_reqs = min(num_tokens_after_padding, self.max_num_reqs)
@@ -934,10 +894,20 @@ class GPUModelRunner(LoRAModelRunnerMixin):
                 self.kv_cache_config,
             )
 
+        inputs_embeds = None
+        if self.supports_mm_inputs and self.is_first_pp_rank and not dummy_run:
+            # Run MM encoder (if needed) and get multimodal embeddings.
+            # Only first PP rank prepares multimodal embeddings.
+            inputs_embeds = self.model_state.get_mm_embeddings(
+                scheduler_output.scheduled_encoder_inputs,
+                input_batch,
+                self.req_states,
+            )
+
         model_inputs = {
             "input_ids": input_batch.input_ids,
             "positions": input_batch.positions,
-            "inputs_embeds": input_batch.inputs_embeds,
+            "inputs_embeds": inputs_embeds,
             # NOTE: Values returned by `prepare_inputs` will override the default
             # values above.
             **self.model_state.prepare_inputs(input_batch, self.req_states),
diff --git a/vllm/v1/worker/gpu/model_states.py b/vllm/v1/worker/gpu/model_states.py
index 838f177b3..ca4d63e6b 100644
--- a/vllm/v1/worker/gpu/model_states.py
+++ b/vllm/v1/worker/gpu/model_states.py
@@ -10,22 +10,43 @@ from vllm.v1.core.sched.output import NewRequestData
 from vllm.v1.kv_cache_interface import KVCacheConfig
 from vllm.v1.worker.gpu.attn_utils import build_attn_metadata
 from vllm.v1.worker.gpu.input_batch import InputBatch
+from vllm.v1.worker.gpu.mm.encoder_cache import EncoderCache
+from vllm.v1.worker.gpu.mm.encoder_runner import EncoderRunner
 from vllm.v1.worker.gpu.mm.mrope_utils import MRopeState
 from vllm.v1.worker.gpu.states import RequestState
 from vllm.v1.worker.utils import AttentionGroup
 
 
 class ModelState:
-    def __init__(self, vllm_config: VllmConfig, model: nn.Module, device: torch.device):
+    def __init__(
+        self,
+        vllm_config: VllmConfig,
+        model: nn.Module,
+        encoder_cache: EncoderCache | None,
+        device: torch.device,
+    ):
         self.vllm_config = vllm_config
         self.model_config = vllm_config.model_config
         self.scheduler_config = vllm_config.scheduler_config
         self.model = model
         self.device = device
 
+        self.supports_mm_inputs = encoder_cache is not None
         self.max_model_len = self.model_config.max_model_len
         self.max_num_reqs = self.scheduler_config.max_num_seqs
         self.max_num_tokens = self.scheduler_config.max_num_batched_tokens
+        self.inputs_embeds_size = self.model_config.get_inputs_embeds_size()
+        self.dtype = self.model_config.dtype
+
+        if self.supports_mm_inputs:
+            assert encoder_cache is not None
+            self.encoder_runner = EncoderRunner(
+                max_num_tokens=self.max_num_tokens,
+                hidden_size=self.inputs_embeds_size,
+                encoder_cache=encoder_cache,
+                dtype=self.dtype,
+                device=self.device,
+            )
 
         self.uses_mrope = self.model_config.uses_mrope
         if self.uses_mrope:
@@ -51,6 +72,29 @@ class ModelState:
         if self.uses_mrope:
             self.mrope_state.apply_staged_writes()
 
+    def get_mm_embeddings(
+        self,
+        scheduled_encoder_inputs: dict[str, list[int]],
+        input_batch: InputBatch,
+        req_states: RequestState,
+    ) -> torch.Tensor:
+        mm_hashes, mm_kwargs = self.encoder_runner.prepare_mm_inputs(
+            scheduled_encoder_inputs
+        )
+        self.encoder_runner.execute_mm_encoder(self.model, mm_hashes, mm_kwargs)
+        mm_embeds, is_mm_embed = self.encoder_runner.gather_mm_embeddings(
+            input_batch.req_ids,
+            input_batch.num_tokens,
+            input_batch.num_scheduled_tokens,
+            input_batch.query_start_loc_np,
+            req_states.prefill_len.np[input_batch.idx_mapping_np],
+            req_states.num_computed_prefill_tokens[input_batch.idx_mapping_np],
+        )
+        inputs_embeds = self.encoder_runner.get_inputs_embeds(
+            self.model, input_batch.input_ids, mm_embeds, is_mm_embed
+        )
+        return inputs_embeds[: input_batch.num_tokens_after_padding]
+
     def prepare_inputs(
         self, input_batch: InputBatch, req_states: RequestState
     ) -> dict[str, torch.Tensor | None]:
@@ -73,10 +117,14 @@ class ModelState:
     def prepare_dummy_inputs(
         self, num_reqs: int, num_tokens: int
     ) -> dict[str, torch.Tensor | None]:
-        if not self.uses_mrope:
-            return {}
-        mrope_positions = self.mrope_state.mrope_positions[:, :num_tokens]
-        return {"positions": mrope_positions}
+        model_inputs = {}
+        if self.supports_mm_inputs:
+            inputs_embeds = self.encoder_runner.inputs_embeds[:num_tokens]
+            model_inputs["inputs_embeds"] = inputs_embeds
+        if self.uses_mrope:
+            mrope_positions = self.mrope_state.mrope_positions[:, :num_tokens]
+            model_inputs["positions"] = mrope_positions
+        return model_inputs
 
     def prepare_attn(
         self,
diff --git a/vllm/v1/worker/gpu/spec_decode/eagle/speculator.py b/vllm/v1/worker/gpu/spec_decode/eagle/speculator.py
index 0c85bf65e..74172ea18 100644
--- a/vllm/v1/worker/gpu/spec_decode/eagle/speculator.py
+++ b/vllm/v1/worker/gpu/spec_decode/eagle/speculator.py
@@ -44,7 +44,6 @@ class EagleSpeculator:
         # the draft model's hidden size can be different from the target model's
         # hidden size (e.g., Llama 3.3 70B).
         self.hidden_size = self.draft_model_config.get_hidden_size()
-        self.inputs_embeds_size = self.draft_model_config.get_inputs_embeds_size()
         self.vocab_size = self.draft_model_config.get_vocab_size()
         self.dtype = vllm_config.model_config.dtype