diff --git a/drivers/net/ethernet/cadence/macb_main.c b/drivers/net/ethernet/cadence/macb_main.c
index 66c7d08d376a7e..a2897549f9c4d3 100644
--- a/drivers/net/ethernet/cadence/macb_main.c
+++ b/drivers/net/ethernet/cadence/macb_main.c
@@ -5109,6 +5109,7 @@ static int __maybe_unused macb_suspend(struct device *dev)
 	if (!(bp->wol & MACB_WOL_ENABLED)) {
 		rtnl_lock();
 		phylink_stop(bp->phylink);
+		phy_exit(bp->sgmii_phy);
 		rtnl_unlock();
 		spin_lock_irqsave(&bp->lock, flags);
 		macb_reset_hw(bp);
@@ -5198,6 +5199,9 @@ static int __maybe_unused macb_resume(struct device *dev)
 	macb_set_rx_mode(netdev);
 	macb_restore_features(bp);
 	rtnl_lock();
+	if (!device_may_wakeup(&bp->dev->dev))
+		phy_init(bp->sgmii_phy);
+
 	phylink_start(bp->phylink);
 	rtnl_unlock();