diff --git a/hw/arm_timer.c b/hw/arm_timer.c
index 5b6947a166..9073ffc007 100644
--- a/hw/arm_timer.c
+++ b/hw/arm_timer.c
@@ -71,7 +71,7 @@ static void arm_timer_recalibrate(arm_timer_state *s, int reload)
 {
     uint32_t limit;
 
-    if ((s->control & TIMER_CTRL_PERIODIC) == 0) {
+    if ((s->control & (TIMER_CTRL_PERIODIC | TIMER_CTRL_ONESHOT)) == 0) {
         /* Free running.  */
         if (s->control & TIMER_CTRL_32BIT)
             limit = 0xffffffff;