diff --git a/arch/x86/kvm/mmu.c b/arch/x86/kvm/mmu.c
index f551962ac29488431b80d56aaabcec7a576a791f..763bb3bade63f38df3f3f92cc2727499a3ed160f 100644
--- a/arch/x86/kvm/mmu.c
+++ b/arch/x86/kvm/mmu.c
@@ -2770,8 +2770,10 @@ static int set_spte(struct kvm_vcpu *vcpu, u64 *sptep,
 	else
 		pte_access &= ~ACC_WRITE_MASK;
 
+	if (!kvm_is_mmio_pfn(pfn))
+		spte |= shadow_me_mask;
+
 	spte |= (u64)pfn << PAGE_SHIFT;
-	spte |= shadow_me_mask;
 
 	if (pte_access & ACC_WRITE_MASK) {