diff --git a/target/avr/cpu.c b/target/avr/cpu.c
index 0cfc5f2e4b..5d9c4ad5bf 100644
--- a/target/avr/cpu.c
+++ b/target/avr/cpu.c
@@ -151,7 +151,7 @@ static void avr_cpu_dump_state(CPUState *cs, FILE *f, int flags)
     int i;
 
     qemu_fprintf(f, "\n");
-    qemu_fprintf(f, "PC:    %06x\n", env->pc_w);
+    qemu_fprintf(f, "PC:    %06x\n", env->pc_w * 2); /* PC points to words */
     qemu_fprintf(f, "SP:      %04x\n", env->sp);
     qemu_fprintf(f, "rampD:     %02x\n", env->rampD >> 16);
     qemu_fprintf(f, "rampX:     %02x\n", env->rampX >> 16);