diff --git a/target/ppc/machine.c b/target/ppc/machine.c
index 283db1d28a..87d7bffb86 100644
--- a/target/ppc/machine.c
+++ b/target/ppc/machine.c
@@ -21,6 +21,7 @@ static int cpu_load_old(QEMUFile *f, void *opaque, int version_id)
     int32_t slb_nr;
 #endif
     target_ulong xer;
+    target_ulong msr;
 
     for (i = 0; i < 32; i++) {
         qemu_get_betls(f, &env->gpr[i]);
@@ -111,11 +112,19 @@ static int cpu_load_old(QEMUFile *f, void *opaque, int version_id)
     qemu_get_betls(f, &env->ivpr_mask);
     qemu_get_betls(f, &env->hreset_vector);
     qemu_get_betls(f, &env->nip);
-    qemu_get_betls(f, &env->hflags);
-    qemu_get_betls(f, &env->hflags_nmsr);
+    qemu_get_sbetl(f); /* Discard unused hflags */
+    qemu_get_sbetl(f); /* Discard unused hflags_nmsr */
     qemu_get_sbe32(f); /* Discard unused mmu_idx */
     qemu_get_sbe32(f); /* Discard unused power_mode */
 
+    /*
+     * Invalidate all supported msr bits except MSR_TGPR/MSR_HVB
+     * before restoring.  Note that this recomputes hflags and mem_idx.
+     */
+    msr = env->msr;
+    env->msr ^= env->msr_mask & ~((1ULL << MSR_TGPR) | MSR_HVB);
+    ppc_store_msr(env, msr);
+
     /* Recompute mmu indices */
     hreg_compute_mem_idx(env);