diff --git a/target/arm/tcg/tlb_helper.c b/target/arm/tcg/tlb_helper.c
index d5a89bc514..8df36c2cbf 100644
--- a/target/arm/tcg/tlb_helper.c
+++ b/target/arm/tcg/tlb_helper.c
@@ -75,8 +75,17 @@ static uint32_t compute_fsr_fsc(CPUARMState *env, ARMMMUFaultInfo *fi,
     ARMMMUIdx arm_mmu_idx = core_to_arm_mmu_idx(env, mmu_idx);
     uint32_t fsr, fsc;
 
-    if (target_el == 2 || arm_el_is_aa64(env, target_el) ||
-        arm_s1_regime_using_lpae_format(env, arm_mmu_idx)) {
+    /*
+     * For M-profile there is no guest-facing FSR. We compute a
+     * short-form value for env->exception.fsr which we will then
+     * examine in arm_v7m_cpu_do_interrupt(). In theory we could
+     * use the LPAE format instead as long as both bits of code agree
+     * (and arm_fi_to_lfsc() handled the M-profile specific
+     * ARMFault_QEMU_NSCExec and ARMFault_QEMU_SFault cases).
+     */
+    if (!arm_feature(env, ARM_FEATURE_M) &&
+        (target_el == 2 || arm_el_is_aa64(env, target_el) ||
+         arm_s1_regime_using_lpae_format(env, arm_mmu_idx))) {
         /*
          * LPAE format fault status register : bottom 6 bits are
          * status code in the same form as needed for syndrome