diff --git a/virt/kvm/eventfd.c b/virt/kvm/eventfd.c
index decefe944b0f..fe6eb0fe07f6 100644
--- a/virt/kvm/eventfd.c
+++ b/virt/kvm/eventfd.c
@@ -405,11 +405,6 @@ kvm_irqfd_assign(struct kvm *kvm, struct kvm_irqfd *args)
 	if (events & EPOLLIN)
 		schedule_work(&irqfd->inject);
 
-	/*
-	 * do not drop the file until the irqfd is fully initialized, otherwise
-	 * we might race against the EPOLLHUP
-	 */
-	fdput(f);
 #ifdef CONFIG_HAVE_KVM_IRQ_BYPASS
 	if (kvm_arch_has_irq_bypass()) {
 		irqfd->consumer.token = (void *)irqfd->eventfd;
@@ -425,6 +420,12 @@ kvm_irqfd_assign(struct kvm *kvm, struct kvm_irqfd *args)
 #endif
 
 	srcu_read_unlock(&kvm->irq_srcu, idx);
+
+	/*
+	 * do not drop the file until the irqfd is fully initialized, otherwise
+	 * we might race against the EPOLLHUP
+	 */
+	fdput(f);
 	return 0;
 
 fail: