diff --git a/tools/perf/util/intel-pt-decoder/intel-pt-decoder.c b/tools/perf/util/intel-pt-decoder/intel-pt-decoder.c
index aaae2ef36f5da..e4c485f92c028 100644
--- a/tools/perf/util/intel-pt-decoder/intel-pt-decoder.c
+++ b/tools/perf/util/intel-pt-decoder/intel-pt-decoder.c
@@ -1954,6 +1954,8 @@ static int intel_pt_scan_for_psb(struct intel_pt_decoder *decoder);
 /* Hop mode: Ignore TNT, do not walk code, but get ip from FUPs and TIPs */
 static int intel_pt_hop_trace(struct intel_pt_decoder *decoder, bool *no_tip, int *err)
 {
+	*err = 0;
+
 	/* Leap from PSB to PSB, getting ip from FUP within PSB+ */
 	if (decoder->leap && !decoder->in_psb && decoder->packet.type != INTEL_PT_PSB) {
 		*err = intel_pt_scan_for_psb(decoder);
@@ -1988,18 +1990,21 @@ static int intel_pt_hop_trace(struct intel_pt_decoder *decoder, bool *no_tip, in
 		if (!decoder->packet.count)
 			return HOP_IGNORE;
 		intel_pt_set_ip(decoder);
-		if (intel_pt_fup_event(decoder))
-			return HOP_RETURN;
+		if (decoder->set_fup_mwait || decoder->set_fup_pwre)
+			*no_tip = true;
 		if (!decoder->branch_enable || !decoder->pge)
 			*no_tip = true;
 		if (*no_tip) {
 			decoder->state.type = INTEL_PT_INSTRUCTION;
 			decoder->state.from_ip = decoder->ip;
 			decoder->state.to_ip = 0;
+			intel_pt_fup_event(decoder);
 			return HOP_RETURN;
 		}
+		intel_pt_fup_event(decoder);
+		decoder->state.type |= INTEL_PT_INSTRUCTION | INTEL_PT_BRANCH;
 		*err = intel_pt_walk_fup_tip(decoder);
-		if (!*err)
+		if (!*err && decoder->state.to_ip)
 			decoder->pkt_state = INTEL_PT_STATE_RESAMPLE;
 		return HOP_RETURN;