diff --git a/Makefile b/Makefile
index faa4880f25f7e..f8e325709bf37 100644
--- a/Makefile
+++ b/Makefile
@@ -755,8 +755,6 @@ KBUILD_CFLAGS	+= $(call cc-disable-warning, address-of-packed-member)
 
 ifdef CONFIG_CC_OPTIMIZE_FOR_PERFORMANCE
 KBUILD_CFLAGS += -O2
-else ifdef CONFIG_CC_OPTIMIZE_FOR_PERFORMANCE_O3
-KBUILD_CFLAGS += -O3
 else ifdef CONFIG_CC_OPTIMIZE_FOR_SIZE
 KBUILD_CFLAGS += -Os
 endif
diff --git a/arch/arc/configs/axs101_defconfig b/arch/arc/configs/axs101_defconfig
index 0016149f95830..e31a8ebc3eccb 100644
--- a/arch/arc/configs/axs101_defconfig
+++ b/arch/arc/configs/axs101_defconfig
@@ -9,7 +9,6 @@ CONFIG_NAMESPACES=y
 # CONFIG_UTS_NS is not set
 # CONFIG_PID_NS is not set
 CONFIG_BLK_DEV_INITRD=y
-CONFIG_CC_OPTIMIZE_FOR_PERFORMANCE_O3=y
 CONFIG_EMBEDDED=y
 CONFIG_PERF_EVENTS=y
 # CONFIG_VM_EVENT_COUNTERS is not set
diff --git a/arch/arc/configs/axs103_defconfig b/arch/arc/configs/axs103_defconfig
index 5b031582a1cf8..e0e8567f0d758 100644
--- a/arch/arc/configs/axs103_defconfig
+++ b/arch/arc/configs/axs103_defconfig
@@ -9,7 +9,6 @@ CONFIG_NAMESPACES=y
 # CONFIG_UTS_NS is not set
 # CONFIG_PID_NS is not set
 CONFIG_BLK_DEV_INITRD=y
-CONFIG_CC_OPTIMIZE_FOR_PERFORMANCE_O3=y
 CONFIG_EMBEDDED=y
 CONFIG_PERF_EVENTS=y
 # CONFIG_VM_EVENT_COUNTERS is not set
diff --git a/arch/arc/configs/axs103_smp_defconfig b/arch/arc/configs/axs103_smp_defconfig
index d4eec39e0112c..fcbc952bc75bb 100644
--- a/arch/arc/configs/axs103_smp_defconfig
+++ b/arch/arc/configs/axs103_smp_defconfig
@@ -9,7 +9,6 @@ CONFIG_NAMESPACES=y
 # CONFIG_UTS_NS is not set
 # CONFIG_PID_NS is not set
 CONFIG_BLK_DEV_INITRD=y
-CONFIG_CC_OPTIMIZE_FOR_PERFORMANCE_O3=y
 CONFIG_EMBEDDED=y
 CONFIG_PERF_EVENTS=y
 # CONFIG_VM_EVENT_COUNTERS is not set
diff --git a/arch/arc/configs/haps_hs_defconfig b/arch/arc/configs/haps_hs_defconfig
index 7337cdf4ffdda..d87ad7e88d624 100644
--- a/arch/arc/configs/haps_hs_defconfig
+++ b/arch/arc/configs/haps_hs_defconfig
@@ -11,7 +11,6 @@ CONFIG_NAMESPACES=y
 # CONFIG_UTS_NS is not set
 # CONFIG_PID_NS is not set
 CONFIG_BLK_DEV_INITRD=y
-CONFIG_CC_OPTIMIZE_FOR_PERFORMANCE_O3=y
 CONFIG_EXPERT=y
 CONFIG_PERF_EVENTS=y
 # CONFIG_COMPAT_BRK is not set
diff --git a/arch/arc/configs/haps_hs_smp_defconfig b/arch/arc/configs/haps_hs_smp_defconfig
index bc927221afc0e..8d82cdb7f86a6 100644
--- a/arch/arc/configs/haps_hs_smp_defconfig
+++ b/arch/arc/configs/haps_hs_smp_defconfig
@@ -11,7 +11,6 @@ CONFIG_NAMESPACES=y
 # CONFIG_UTS_NS is not set
 # CONFIG_PID_NS is not set
 CONFIG_BLK_DEV_INITRD=y
-CONFIG_CC_OPTIMIZE_FOR_PERFORMANCE_O3=y
 CONFIG_EMBEDDED=y
 CONFIG_PERF_EVENTS=y
 # CONFIG_VM_EVENT_COUNTERS is not set
diff --git a/arch/arc/configs/hsdk_defconfig b/arch/arc/configs/hsdk_defconfig
index aa000075a5757..f856b03e0fb5c 100644
--- a/arch/arc/configs/hsdk_defconfig
+++ b/arch/arc/configs/hsdk_defconfig
@@ -9,7 +9,6 @@ CONFIG_NAMESPACES=y
 # CONFIG_PID_NS is not set
 CONFIG_BLK_DEV_INITRD=y
 CONFIG_BLK_DEV_RAM=y
-CONFIG_CC_OPTIMIZE_FOR_PERFORMANCE_O3=y
 CONFIG_EMBEDDED=y
 CONFIG_PERF_EVENTS=y
 # CONFIG_VM_EVENT_COUNTERS is not set
diff --git a/arch/arc/configs/nsim_700_defconfig b/arch/arc/configs/nsim_700_defconfig
index 326f6cde78268..a1ce12bf5b165 100644
--- a/arch/arc/configs/nsim_700_defconfig
+++ b/arch/arc/configs/nsim_700_defconfig
@@ -11,7 +11,6 @@ CONFIG_NAMESPACES=y
 # CONFIG_UTS_NS is not set
 # CONFIG_PID_NS is not set
 CONFIG_BLK_DEV_INITRD=y
-CONFIG_CC_OPTIMIZE_FOR_PERFORMANCE_O3=y
 CONFIG_KALLSYMS_ALL=y
 CONFIG_EMBEDDED=y
 CONFIG_PERF_EVENTS=y
diff --git a/arch/arc/configs/nsimosci_defconfig b/arch/arc/configs/nsimosci_defconfig
index bf39a0091679c..ca10f4a2c823f 100644
--- a/arch/arc/configs/nsimosci_defconfig
+++ b/arch/arc/configs/nsimosci_defconfig
@@ -10,7 +10,6 @@ CONFIG_NAMESPACES=y
 # CONFIG_UTS_NS is not set
 # CONFIG_PID_NS is not set
 CONFIG_BLK_DEV_INITRD=y
-CONFIG_CC_OPTIMIZE_FOR_PERFORMANCE_O3=y
 CONFIG_KALLSYMS_ALL=y
 CONFIG_EMBEDDED=y
 CONFIG_PERF_EVENTS=y
diff --git a/arch/arc/configs/nsimosci_hs_defconfig b/arch/arc/configs/nsimosci_hs_defconfig
index 7121bd71c543a..31b6ec3683c65 100644
--- a/arch/arc/configs/nsimosci_hs_defconfig
+++ b/arch/arc/configs/nsimosci_hs_defconfig
@@ -10,7 +10,6 @@ CONFIG_NAMESPACES=y
 # CONFIG_UTS_NS is not set
 # CONFIG_PID_NS is not set
 CONFIG_BLK_DEV_INITRD=y
-CONFIG_CC_OPTIMIZE_FOR_PERFORMANCE_O3=y
 CONFIG_KALLSYMS_ALL=y
 CONFIG_EMBEDDED=y
 CONFIG_PERF_EVENTS=y
diff --git a/arch/arc/configs/nsimosci_hs_smp_defconfig b/arch/arc/configs/nsimosci_hs_smp_defconfig
index f9863b294a707..41a0037f48a58 100644
--- a/arch/arc/configs/nsimosci_hs_smp_defconfig
+++ b/arch/arc/configs/nsimosci_hs_smp_defconfig
@@ -8,7 +8,6 @@ CONFIG_IKCONFIG_PROC=y
 # CONFIG_UTS_NS is not set
 # CONFIG_PID_NS is not set
 CONFIG_BLK_DEV_INITRD=y
-CONFIG_CC_OPTIMIZE_FOR_PERFORMANCE_O3=y
 CONFIG_PERF_EVENTS=y
 # CONFIG_COMPAT_BRK is not set
 CONFIG_KPROBES=y
diff --git a/arch/arc/configs/tb10x_defconfig b/arch/arc/configs/tb10x_defconfig
index a12656ec00720..d93b65008d4af 100644
--- a/arch/arc/configs/tb10x_defconfig
+++ b/arch/arc/configs/tb10x_defconfig
@@ -14,7 +14,6 @@ CONFIG_INITRAMFS_SOURCE="../tb10x-rootfs.cpio"
 CONFIG_INITRAMFS_ROOT_UID=2100
 CONFIG_INITRAMFS_ROOT_GID=501
 # CONFIG_RD_GZIP is not set
-CONFIG_CC_OPTIMIZE_FOR_PERFORMANCE_O3=y
 CONFIG_KALLSYMS_ALL=y
 # CONFIG_AIO is not set
 CONFIG_EMBEDDED=y
diff --git a/arch/arc/configs/vdk_hs38_defconfig b/arch/arc/configs/vdk_hs38_defconfig
index d7c858df520cc..0c3b214168197 100644
--- a/arch/arc/configs/vdk_hs38_defconfig
+++ b/arch/arc/configs/vdk_hs38_defconfig
@@ -4,7 +4,6 @@ CONFIG_HIGH_RES_TIMERS=y
 CONFIG_IKCONFIG=y
 CONFIG_IKCONFIG_PROC=y
 CONFIG_BLK_DEV_INITRD=y
-CONFIG_CC_OPTIMIZE_FOR_PERFORMANCE_O3=y
 CONFIG_EMBEDDED=y
 CONFIG_PERF_EVENTS=y
 # CONFIG_VM_EVENT_COUNTERS is not set
diff --git a/arch/arc/configs/vdk_hs38_smp_defconfig b/arch/arc/configs/vdk_hs38_smp_defconfig
index 015c1d43889e6..f9ad9d3ee702d 100644
--- a/arch/arc/configs/vdk_hs38_smp_defconfig
+++ b/arch/arc/configs/vdk_hs38_smp_defconfig
@@ -4,7 +4,6 @@ CONFIG_HIGH_RES_TIMERS=y
 CONFIG_IKCONFIG=y
 CONFIG_IKCONFIG_PROC=y
 CONFIG_BLK_DEV_INITRD=y
-CONFIG_CC_OPTIMIZE_FOR_PERFORMANCE_O3=y
 CONFIG_EMBEDDED=y
 CONFIG_PERF_EVENTS=y
 # CONFIG_VM_EVENT_COUNTERS is not set
diff --git a/init/Kconfig b/init/Kconfig
index c7900e8975f18..1b4d8acc3def0 100644
--- a/init/Kconfig
+++ b/init/Kconfig
@@ -1401,13 +1401,6 @@ config CC_OPTIMIZE_FOR_PERFORMANCE
 	  with the "-O2" compiler flag for best performance and most
 	  helpful compile-time warnings.
 
-config CC_OPTIMIZE_FOR_PERFORMANCE_O3
-	bool "Optimize more for performance (-O3)"
-	depends on ARC
-	help
-	  Choosing this option will pass "-O3" to your compiler to optimize
-	  the kernel yet more for performance.
-
 config CC_OPTIMIZE_FOR_SIZE
 	bool "Optimize for size (-Os)"
 	help