diff --git a/arch/x86/kvm/smm.c b/arch/x86/kvm/smm.c
index b42111a24cc28de2b680b9b495d6f3cb256541ef..8e38c51359d05a75e4207a3c18208a1246d38b40 100644
--- a/arch/x86/kvm/smm.c
+++ b/arch/x86/kvm/smm.c
@@ -131,6 +131,7 @@ void kvm_smm_changed(struct kvm_vcpu *vcpu, bool entering_smm)
 
 	kvm_mmu_reset_context(vcpu);
 }
+EXPORT_SYMBOL_GPL(kvm_smm_changed);
 
 void process_smi(struct kvm_vcpu *vcpu)
 {
diff --git a/arch/x86/kvm/svm/svm.c b/arch/x86/kvm/svm/svm.c
index 1f9490aa840971aad035f455116e5a9c7fb45624..32ae8bff528e991b88aba08fe0bac383e1415c7e 100644
--- a/arch/x86/kvm/svm/svm.c
+++ b/arch/x86/kvm/svm/svm.c
@@ -2244,12 +2244,6 @@ static int shutdown_interception(struct kvm_vcpu *vcpu)
 	struct kvm_run *kvm_run = vcpu->run;
 	struct vcpu_svm *svm = to_svm(vcpu);
 
-	/*
-	 * The VM save area has already been encrypted so it
-	 * cannot be reinitialized - just terminate.
-	 */
-	if (sev_es_guest(vcpu->kvm))
-		return -EINVAL;
 
 	/*
 	 * VMCB is undefined after a SHUTDOWN intercept.  INIT the vCPU to put
@@ -2258,9 +2252,18 @@ static int shutdown_interception(struct kvm_vcpu *vcpu)
 	 * userspace.  At a platform view, INIT is acceptable behavior as
 	 * there exist bare metal platforms that automatically INIT the CPU
 	 * in response to shutdown.
+	 *
+	 * The VM save area for SEV-ES guests has already been encrypted so it
+	 * cannot be reinitialized, i.e. synthesizing INIT is futile.
 	 */
-	clear_page(svm->vmcb);
-	kvm_vcpu_reset(vcpu, true);
+	if (!sev_es_guest(vcpu->kvm)) {
+		clear_page(svm->vmcb);
+#ifdef CONFIG_KVM_SMM
+		if (is_smm(vcpu))
+			kvm_smm_changed(vcpu, false);
+#endif
+		kvm_vcpu_reset(vcpu, true);
+	}
 
 	kvm_run->exit_reason = KVM_EXIT_SHUTDOWN;
 	return 0;