diff --git a/arch/powerpc/kvm/book3s_hv.c b/arch/powerpc/kvm/book3s_hv.c
index 40bee0d61482..c14467cf23d3 100644
--- a/arch/powerpc/kvm/book3s_hv.c
+++ b/arch/powerpc/kvm/book3s_hv.c
@@ -3833,8 +3833,6 @@ static int kvmhv_vcpu_entry_p9_nested(struct kvm_vcpu *vcpu, u64 time_limit, uns
 	s64 dec;
 	int trap;
 
-	switch_pmu_to_guest(vcpu, &host_os_sprs);
-
 	save_p9_host_os_sprs(&host_os_sprs);
 
 	/*
@@ -3897,9 +3895,11 @@ static int kvmhv_vcpu_entry_p9_nested(struct kvm_vcpu *vcpu, u64 time_limit, uns
 
 	mtspr(SPRN_DAR, vcpu->arch.shregs.dar);
 	mtspr(SPRN_DSISR, vcpu->arch.shregs.dsisr);
+	switch_pmu_to_guest(vcpu, &host_os_sprs);
 	trap = plpar_hcall_norets(H_ENTER_NESTED, __pa(&hvregs),
 				  __pa(&vcpu->arch.regs));
 	kvmhv_restore_hv_return_state(vcpu, &hvregs);
+	switch_pmu_to_host(vcpu, &host_os_sprs);
 	vcpu->arch.shregs.msr = vcpu->arch.regs.msr;
 	vcpu->arch.shregs.dar = mfspr(SPRN_DAR);
 	vcpu->arch.shregs.dsisr = mfspr(SPRN_DSISR);
@@ -3918,8 +3918,6 @@ static int kvmhv_vcpu_entry_p9_nested(struct kvm_vcpu *vcpu, u64 time_limit, uns
 
 	restore_p9_host_os_sprs(vcpu, &host_os_sprs);
 
-	switch_pmu_to_host(vcpu, &host_os_sprs);
-
 	return trap;
 }
 
diff --git a/arch/powerpc/kvm/book3s_hv_p9_entry.c b/arch/powerpc/kvm/book3s_hv_p9_entry.c
index 6bef509bccb8..619bbcd47b92 100644
--- a/arch/powerpc/kvm/book3s_hv_p9_entry.c
+++ b/arch/powerpc/kvm/book3s_hv_p9_entry.c
@@ -601,8 +601,6 @@ int kvmhv_vcpu_entry_p9(struct kvm_vcpu *vcpu, u64 time_limit, unsigned long lpc
 	local_paca->kvm_hstate.host_purr = mfspr(SPRN_PURR);
 	local_paca->kvm_hstate.host_spurr = mfspr(SPRN_SPURR);
 
-	switch_pmu_to_guest(vcpu, &host_os_sprs);
-
 	save_p9_host_os_sprs(&host_os_sprs);
 
 	/*
@@ -744,7 +742,9 @@ tm_return_to_guest:
 
 	accumulate_time(vcpu, &vcpu->arch.guest_time);
 
+	switch_pmu_to_guest(vcpu, &host_os_sprs);
 	kvmppc_p9_enter_guest(vcpu);
+	switch_pmu_to_host(vcpu, &host_os_sprs);
 
 	accumulate_time(vcpu, &vcpu->arch.rm_intr);
 
@@ -955,8 +955,6 @@ tm_return_to_guest:
 		asm volatile(PPC_CP_ABORT);
 
 out:
-	switch_pmu_to_host(vcpu, &host_os_sprs);
-
 	end_timing(vcpu);
 
 	return trap;