ABSTRACT The occurrence of water with high concentrations of salts hinders the expansion of irrigated agriculture in the semi-arid region of the Brazilian Northeast, making it necessary to adopt strategies capable of minimizing the effects of salt stress on plants. In this context, the objective of present study was to evaluate the effects of hydrogen peroxide application on water relations, gas exchange, photosynthetic pigments, and growth of guava cv. Paluma under irrigation with saline waters in the seedling formation stage. A randomized block design was used, in a 5 × 4 factorial scheme, with three replicates, with five levels of electrical conductivity of water - ECw (0.3, 1.3, 2.3, 3.3, and 4.3 dS m-1) and four concentrations of hydrogen peroxide - H2O2 (0, 25, 50, and 75 µM). Irrigation water salinity above 0.3 dS m-1 increased electrolyte leakage in the leaf blade and reduced the relative water content, synthesis of photosynthetic pigments, gas exchange, and growth of seedlings of guava cv. Paluma, at 80 days after sowing. Foliar application of hydrogen peroxide at concentrations of up to 75 µM reduces the relative water content in the leaf blade of guava seedlings and did not mitigate the effects of salt stress on guava plants in the seedling formation stage.