diff --git a/arch/x86/kvm/vmx.c b/arch/x86/kvm/vmx.c
index 5a5ab2062cb5..2577183b40d9 100644
--- a/arch/x86/kvm/vmx.c
+++ b/arch/x86/kvm/vmx.c
@@ -5313,29 +5313,30 @@ static void vmx_inject_nmi(struct kvm_vcpu *vcpu)
 {
 	struct vcpu_vmx *vmx = to_vmx(vcpu);
 
-	if (is_guest_mode(vcpu))
-		return;
+	if (!is_guest_mode(vcpu)) {
+		if (!cpu_has_virtual_nmis()) {
+			/*
+			 * Tracking the NMI-blocked state in software is built upon
+			 * finding the next open IRQ window. This, in turn, depends on
+			 * well-behaving guests: They have to keep IRQs disabled at
+			 * least as long as the NMI handler runs. Otherwise we may
+			 * cause NMI nesting, maybe breaking the guest. But as this is
+			 * highly unlikely, we can live with the residual risk.
+			 */
+			vmx->soft_vnmi_blocked = 1;
+			vmx->vnmi_blocked_time = 0;
+		}
 
-	if (!cpu_has_virtual_nmis()) {
-		/*
-		 * Tracking the NMI-blocked state in software is built upon
-		 * finding the next open IRQ window. This, in turn, depends on
-		 * well-behaving guests: They have to keep IRQs disabled at
-		 * least as long as the NMI handler runs. Otherwise we may
-		 * cause NMI nesting, maybe breaking the guest. But as this is
-		 * highly unlikely, we can live with the residual risk.
-		 */
-		vmx->soft_vnmi_blocked = 1;
-		vmx->vnmi_blocked_time = 0;
+		++vcpu->stat.nmi_injections;
+		vmx->nmi_known_unmasked = false;
 	}
 
-	++vcpu->stat.nmi_injections;
-	vmx->nmi_known_unmasked = false;
 	if (vmx->rmode.vm86_active) {
 		if (kvm_inject_realmode_interrupt(vcpu, NMI_VECTOR, 0) != EMULATE_DONE)
 			kvm_make_request(KVM_REQ_TRIPLE_FAULT, vcpu);
 		return;
 	}
+
 	vmcs_write32(VM_ENTRY_INTR_INFO_FIELD,
 			INTR_TYPE_NMI_INTR | INTR_INFO_VALID_MASK | NMI_VECTOR);
 }