diff --git a/arch/x86/kvm/x86.c b/arch/x86/kvm/x86.c
index cf37a61729972..f5e9590a8f311 100644
--- a/arch/x86/kvm/x86.c
+++ b/arch/x86/kvm/x86.c
@@ -6787,7 +6787,9 @@ int x86_emulate_instruction(struct kvm_vcpu *vcpu, gpa_t cr2_or_gpa,
 						  write_fault_to_spt,
 						  emulation_type))
 				return 1;
-			if (ctxt->have_exception) {
+
+			if (ctxt->have_exception &&
+			    !(emulation_type & EMULTYPE_SKIP)) {
 				/*
 				 * #UD should result in just EMULATION_FAILED, and trap-like
 				 * exception should not be encountered during decode.