diff --git a/mlx/transforms.cpp b/mlx/transforms.cpp
index bb39492a8b..a19bb8c30e 100644
--- a/mlx/transforms.cpp
+++ b/mlx/transforms.cpp
@@ -4,6 +4,7 @@
 #include <numeric>
 #include <set>
 #include <sstream>
+#include <stack>
 #include <unordered_map>
 #include <unordered_set>
 
@@ -17,9 +18,6 @@
 
 namespace mlx::core {
 
-// Maximum allowed graph depth for eval
-constexpr uint32_t max_graph_depth = 100'000;
-
 /* This class is only meant to be used in eval
  * for synchronizing with the main thread. */
 class Synchronizer : public Primitive {
@@ -44,8 +42,6 @@ std::shared_future<void> async_eval(std::vector<array> outputs) {
   if (global_synchronizer.valid()) {
     global_synchronizer.wait();
   }
-
-  std::function<void(const array&)> recurse;
   std::queue<array> tape;
   std::unordered_set<std::uintptr_t> cache;
   std::unordered_map<std::uintptr_t, std::shared_future<void>> deps;
@@ -62,47 +58,45 @@ std::shared_future<void> async_eval(std::vector<array> outputs) {
   auto synchronizer = array(
       {}, bool_, std::make_shared<Synchronizer>(stream), std::move(outputs));
 
-  size_t depth_counter = 0;
-  recurse = [&](const array& a) {
-    if (depth_counter > max_graph_depth) {
-      throw std::runtime_error(
-          "[eval] Graph depth exceeded maximum allowed limit."
-          " Try evaluating the graph more frequently.");
-    }
+  {
+    std::stack<std::pair<std::reference_wrapper<array>, int>> dfs;
+    dfs.emplace(synchronizer, 0);
+    while (!dfs.empty()) {
+      auto& [a_ref, idx] = dfs.top();
+      auto& a = a_ref.get();
+      if (idx < a.inputs().size()) {
+        // Add an input, and continue
+        auto& in = a.inputs()[idx++];
+        if (!in.is_evaled()) {
+          if (!in.has_primitive()) {
+            throw std::invalid_argument(
+                "[eval] Attempting to eval an array without a primitive.");
+          }
 
-    auto id = a.id();
-    if (cache.find(id) != cache.end()) {
-      return;
-    }
-
-    // Recurse to the largest or smallest branch first.
-    depth_counter++;
-    for (auto& in : a.inputs()) {
-      recurse(in);
-      if (!in.is_evaled()) {
-        // If the input is being computed on a different stream, we need to
-        // manage the dependency.
-        if (a.primitive().stream() != in.primitive().stream()) {
-          deps.insert({in.output(0).id(), std::shared_future<void>{}});
+          // If the input is being computed on a different stream, we need to
+          // manage the dependency.
+          if (a.primitive().stream() != in.primitive().stream()) {
+            deps.insert({in.output(0).id(), std::shared_future<void>{}});
+          }
         }
-      }
-    }
-    depth_counter--;
 
-    cache.insert(id);
-    for (auto& s : a.siblings()) {
-      cache.insert(s.id());
-    }
-    if (!a.is_evaled() || (!a.is_tracer() && a.has_primitive())) {
-      if (!a.has_primitive()) {
-        throw std::invalid_argument(
-            "[eval] Attempting to eval an array without a primitive.");
+        if (cache.find(in.id()) == cache.end()) {
+          dfs.emplace(in, 0);
+          cache.insert(in.id());
+          for (auto& s : in.siblings()) {
+            cache.insert(s.id());
+          }
+        }
+        continue;
       }
-      tape.push(a);
-    }
-  };
 
-  recurse(synchronizer);
+      // All inputs are done being processed, process this array
+      if (!a.is_evaled() || (!a.is_tracer() && a.has_primitive())) {
+        tape.push(a);
+      }
+      dfs.pop();
+    }
+  }
   deps.insert({synchronizer.id(), std::shared_future<void>{}});
 
   std::vector<std::shared_ptr<std::promise<void>>> ps;