diff --git a/target/arm/translate.c b/target/arm/translate.c
index 98f5925928..c721b2ce42 100644
--- a/target/arm/translate.c
+++ b/target/arm/translate.c
@@ -9548,17 +9548,18 @@ static void arm_tr_translate_insn(DisasContextBase *dcbase, CPUState *cpu)
 {
     DisasContext *dc = container_of(dcbase, DisasContext, base);
     CPUARMState *env = cpu->env_ptr;
+    uint32_t pc = dc->base.pc_next;
     unsigned int insn;
 
     if (arm_pre_translate_insn(dc)) {
-        dc->base.pc_next += 4;
+        dc->base.pc_next = pc + 4;
         return;
     }
 
-    dc->pc_curr = dc->base.pc_next;
-    insn = arm_ldl_code(env, &dc->base, dc->base.pc_next, dc->sctlr_b);
+    dc->pc_curr = pc;
+    insn = arm_ldl_code(env, &dc->base, pc, dc->sctlr_b);
     dc->insn = insn;
-    dc->base.pc_next += 4;
+    dc->base.pc_next = pc + 4;
     disas_arm_insn(dc, insn);
 
     arm_post_translate_insn(dc);