diff --git a/mm/mempolicy.c b/mm/mempolicy.c
index a92bd29cf032..501e0b80d7da 100644
--- a/mm/mempolicy.c
+++ b/mm/mempolicy.c
@@ -654,12 +654,14 @@ static void queue_folios_pmd(pmd_t *pmd, struct mm_walk *walk)
 {
 	struct folio *folio;
 	struct queue_pages *qp = walk->private;
+	pmd_t pmdval = pmdp_get(pmd);
 
-	if (unlikely(pmd_is_migration_entry(*pmd))) {
-		qp->nr_failed++;
+	if (unlikely(!pmd_present(pmdval))) {
+		if (pmd_is_migration_entry(pmdval))
+			qp->nr_failed++;
 		return;
 	}
-	folio = pmd_folio(*pmd);
+	folio = pmd_folio(pmdval);
 	if (is_huge_zero_folio(folio)) {
 		walk->action = ACTION_CONTINUE;
 		return;