diff --git a/hw/ppc/ppc.c b/hw/ppc/ppc.c
index 51f2bec0a1..e87a65fa23 100644
--- a/hw/ppc/ppc.c
+++ b/hw/ppc/ppc.c
@@ -839,6 +839,16 @@ static void __cpu_ppc_store_decr(PowerPCCPU *cpu, uint64_t *nextp,
         return;
     }
 
+    /*
+     * Calculate the next decrementer event and set a timer.
+     * decr_next is in timebase units to keep rounding simple. Note it is
+     * not adjusted by tb_offset because if TB changes via tb_offset changing,
+     * decrementer does not change, so not directly comparable with TB.
+     */
+    now = qemu_clock_get_ns(QEMU_CLOCK_VIRTUAL);
+    next = ns_to_tb(tb_env->decr_freq, now) + value;
+    *nextp = next; /* nextp is in timebase units */
+
     /*
      * Going from 1 -> 0 or 0 -> -1 is the event to generate a DEC interrupt.
      *
@@ -860,16 +870,6 @@ static void __cpu_ppc_store_decr(PowerPCCPU *cpu, uint64_t *nextp,
         (*lower_excp)(cpu);
     }
 
-    /*
-     * Calculate the next decrementer event and set a timer.
-     * decr_next is in timebase units to keep rounding simple. Note it is
-     * not adjusted by tb_offset because if TB changes via tb_offset changing,
-     * decrementer does not change, so not directly comparable with TB.
-     */
-    now = qemu_clock_get_ns(QEMU_CLOCK_VIRTUAL);
-    next = ns_to_tb(tb_env->decr_freq, now) + value;
-    *nextp = next;
-
     /* Adjust timer */
     timer_mod(timer, tb_to_ns_round_up(tb_env->decr_freq, next));
 }