diff --git a/arch/x86/kvm/vmx/posted_intr.c b/arch/x86/kvm/vmx/posted_intr.c
index 41f946e2123e..ee4ddc6e268b 100644
--- a/arch/x86/kvm/vmx/posted_intr.c
+++ b/arch/x86/kvm/vmx/posted_intr.c
@@ -29,11 +29,14 @@ void vmx_vcpu_pi_load(struct kvm_vcpu *vcpu, int cpu)
 	unsigned int dest;
 
 	/*
-	 * In case of hot-plug or hot-unplug, we may have to undo
-	 * vmx_vcpu_pi_put even if there is no assigned device.  And we
-	 * always keep PI.NDST up to date for simplicity: it makes the
-	 * code easier, and CPU migration is not a fast path.
+	 * To simplify hot-plug and dynamic toggling of APICv, keep PI.NDST and
+	 * PI.SN up-to-date even if there is no assigned device or if APICv is
+	 * deactivated due to a dynamic inhibit bit, e.g. for Hyper-V's SyncIC.
 	 */
+	if (!enable_apicv || !lapic_in_kernel(vcpu))
+		return;
+
+	/* Nothing to do if PI.SN and PI.NDST both have the desired value. */
 	if (!pi_test_sn(pi_desc) && vcpu->cpu == cpu)
 		return;