diff --git a/app/components/ExternalIps.tsx b/app/components/ExternalIps.tsx
index eb9e03693..918d77706 100644
--- a/app/components/ExternalIps.tsx
+++ b/app/components/ExternalIps.tsx
@@ -6,11 +6,15 @@
  * Copyright Oxide Computer Company
  */
 
+import { Link } from 'react-router-dom'
+
 import { useApiQuery } from '@oxide/api'
 
 import { EmptyCell, SkeletonCell } from '~/table/cells/EmptyCell'
 import { CopyableIp } from '~/ui/lib/CopyableIp'
+import { Slash } from '~/ui/lib/Slash'
 import { intersperse } from '~/util/array'
+import { pb } from '~/util/path-builder'
 import type * as PP from '~/util/path-params'
 
 export function ExternalIps({ project, instance }: PP.Instance) {
@@ -22,12 +26,29 @@ export function ExternalIps({ project, instance }: PP.Instance) {
 
   const ips = data?.items
   if (!ips || ips.length === 0) return <EmptyCell />
+  // create a copy of ips so we don't mutate the original; move ephemeral ip to the end
+  const orderedIps = [...ips].sort((a) => (a.kind === 'ephemeral' ? 1 : -1))
+  const ipsToShow = orderedIps.slice(0, 2)
+  const overflowCount = orderedIps.length - ipsToShow.length
+
+  // create a list of CopyableIp components
+  const links = ipsToShow.map((eip) => <CopyableIp ip={eip.ip} key={eip.ip} />)
+
+  // if there are more than 2 ips, add a link to the instance networking page
+  if (overflowCount > 0) {
+    links.push(
+      <Link
+        to={pb.instanceNetworking({ project, instance })}
+        className="link-with-underline text-sans-md"
+      >
+        +{overflowCount}
+      </Link>
+    )
+  }
+
   return (
-    <div className="flex items-center gap-1">
-      {intersperse(
-        ips.map((eip) => <CopyableIp ip={eip.ip} key={eip.ip} />),
-        <span className="text-quaternary"> / </span>
-      )}
+    <div className="flex max-w-full items-center gap-1">
+      {intersperse(links, <Slash />)}
     </div>
   )
 }
diff --git a/test/e2e/instance-networking.e2e.ts b/test/e2e/instance-networking.e2e.ts
index f74b1b91b..53f840d4e 100644
--- a/test/e2e/instance-networking.e2e.ts
+++ b/test/e2e/instance-networking.e2e.ts
@@ -122,6 +122,8 @@ test('Instance networking tab — floating IPs', async ({ page }) => {
   await expectRowVisible(externalIpTable, { ip: '123.4.56.0', Kind: 'ephemeral' })
   await expectRowVisible(externalIpTable, { ip: '123.4.56.5', Kind: 'floating' })
 
+  await expect(page.getByText('external IPs123.4.56.5/123.4.56.0')).toBeVisible()
+
   // Attach a new external IP
   await attachFloatingIpButton.click()
   await expectVisible(page, ['role=heading[name="Attach floating IP"]'])
@@ -143,9 +145,14 @@ test('Instance networking tab — floating IPs', async ({ page }) => {
   // Verify that the "Attach floating IP" button is disabled, since there shouldn't be any more IPs to attach
   await expect(attachFloatingIpButton).toBeDisabled()
 
+  // Verify that the External IPs table row has a +1 in it
+  await expect(page.getByText('external IPs123.4.56.5/123.4.56.4/+1')).toBeVisible()
+
   // Detach one of the external IPs
   await clickRowAction(page, 'cola-float', 'Detach')
   await page.getByRole('button', { name: 'Confirm' }).click()
+  await expect(page.getByText('external IPs123.4.56.5/123.4.56.4/+1')).toBeHidden()
+  await expect(page.getByText('external IPs123.4.56.4/123.4.56.0')).toBeVisible()
 
   // Since we detached it, we don't expect to see the row any longer
   await expect(externalIpTable.getByRole('cell', { name: 'cola-float' })).toBeHidden()