diff --git a/Gems/AtomLyIntegration/CommonFeatures/Code/Source/Material/EditorMaterialComponentSlot.cpp b/Gems/AtomLyIntegration/CommonFeatures/Code/Source/Material/EditorMaterialComponentSlot.cpp
index 9d63f4a4a9..7ebf25454d 100644
--- a/Gems/AtomLyIntegration/CommonFeatures/Code/Source/Material/EditorMaterialComponentSlot.cpp
+++ b/Gems/AtomLyIntegration/CommonFeatures/Code/Source/Material/EditorMaterialComponentSlot.cpp
@@ -269,7 +269,8 @@ namespace AZ
 
             QAction* action = nullptr;
 
-            menu.addAction("Open Material Editor", [this]() { EditorMaterialSystemComponentRequestBus::Broadcast(&EditorMaterialSystemComponentRequestBus::Events::OpenInMaterialEditor, ""); });
+            action = menu.addAction("Open Material Editor...", [this]() { EditorMaterialSystemComponentRequestBus::Broadcast(&EditorMaterialSystemComponentRequestBus::Events::OpenInMaterialEditor, ""); });
+            action->setVisible(!m_materialAsset.GetId().IsValid());
 
             action = menu.addAction("Clear", [this]() { Clear(); });
             action->setEnabled(m_materialAsset.GetId().IsValid() || !m_propertyOverrides.empty() || !m_matModUvOverrides.empty());