diff --git a/arch/x86/include/asm/cpufeatures.h b/arch/x86/include/asm/cpufeatures.h
index 23126290185d..0181091abf49 100644
--- a/arch/x86/include/asm/cpufeatures.h
+++ b/arch/x86/include/asm/cpufeatures.h
@@ -203,7 +203,7 @@
 #define X86_FEATURE_SME			( 7*32+10) /* AMD Secure Memory Encryption */
 #define X86_FEATURE_PTI			( 7*32+11) /* Kernel Page Table Isolation enabled */
 #define X86_FEATURE_KERNEL_IBRS		( 7*32+12) /* "" Set/clear IBRS on kernel entry/exit */
-/* FREE!				( 7*32+13) */
+#define X86_FEATURE_RSB_VMEXIT		( 7*32+13) /* "" Fill RSB on VM-Exit */
 #define X86_FEATURE_INTEL_PPIN		( 7*32+14) /* Intel Processor Inventory Number */
 #define X86_FEATURE_CDP_L2		( 7*32+15) /* Code and Data Prioritization L2 */
 #define X86_FEATURE_MSR_SPEC_CTRL	( 7*32+16) /* "" MSR SPEC_CTRL is implemented */
diff --git a/arch/x86/include/asm/nospec-branch.h b/arch/x86/include/asm/nospec-branch.h
index 3e1d2389c00d..8bce4004aab2 100644
--- a/arch/x86/include/asm/nospec-branch.h
+++ b/arch/x86/include/asm/nospec-branch.h
@@ -279,7 +279,7 @@ static __always_inline void vmexit_fill_RSB(void)
 	asm volatile (ANNOTATE_NOSPEC_ALTERNATIVE
 		      ALTERNATIVE("jmp 910f",
 				  __stringify(__FILL_RETURN_BUFFER(%0, RSB_CLEAR_LOOPS, %1)),
-				  X86_FEATURE_RETPOLINE)
+				  X86_FEATURE_RSB_VMEXIT)
 		      "910:"
 		      : "=r" (loops), ASM_CALL_CONSTRAINT
 		      : : "memory" );
diff --git a/arch/x86/kernel/cpu/bugs.c b/arch/x86/kernel/cpu/bugs.c
index 022b9f31333f..525623aa2dcb 100644
--- a/arch/x86/kernel/cpu/bugs.c
+++ b/arch/x86/kernel/cpu/bugs.c
@@ -1278,16 +1278,69 @@ static void __init spectre_v2_select_mitigation(void)
 	pr_info("%s\n", spectre_v2_strings[mode]);
 
 	/*
-	 * If spectre v2 protection has been enabled, unconditionally fill
-	 * RSB during a context switch; this protects against two independent
-	 * issues:
+	 * If Spectre v2 protection has been enabled, fill the RSB during a
+	 * context switch.  In general there are two types of RSB attacks
+	 * across context switches, for which the CALLs/RETs may be unbalanced.
 	 *
-	 *	- RSB underflow (and switch to BTB) on Skylake+
-	 *	- SpectreRSB variant of spectre v2 on X86_BUG_SPECTRE_V2 CPUs
+	 * 1) RSB underflow
+	 *
+	 *    Some Intel parts have "bottomless RSB".  When the RSB is empty,
+	 *    speculated return targets may come from the branch predictor,
+	 *    which could have a user-poisoned BTB or BHB entry.
+	 *
+	 *    AMD has it even worse: *all* returns are speculated from the BTB,
+	 *    regardless of the state of the RSB.
+	 *
+	 *    When IBRS or eIBRS is enabled, the "user -> kernel" attack
+	 *    scenario is mitigated by the IBRS branch prediction isolation
+	 *    properties, so the RSB buffer filling wouldn't be necessary to
+	 *    protect against this type of attack.
+	 *
+	 *    The "user -> user" attack scenario is mitigated by RSB filling.
+	 *
+	 * 2) Poisoned RSB entry
+	 *
+	 *    If the 'next' in-kernel return stack is shorter than 'prev',
+	 *    'next' could be tricked into speculating with a user-poisoned RSB
+	 *    entry.
+	 *
+	 *    The "user -> kernel" attack scenario is mitigated by SMEP and
+	 *    eIBRS.
+	 *
+	 *    The "user -> user" scenario, also known as SpectreBHB, requires
+	 *    RSB clearing.
+	 *
+	 * So to mitigate all cases, unconditionally fill RSB on context
+	 * switches.
+	 *
+	 * FIXME: Is this pointless for retbleed-affected AMD?
 	 */
 	setup_force_cpu_cap(X86_FEATURE_RSB_CTXSW);
 	pr_info("Spectre v2 / SpectreRSB mitigation: Filling RSB on context switch\n");
 
+	/*
+	 * Similar to context switches, there are two types of RSB attacks
+	 * after vmexit:
+	 *
+	 * 1) RSB underflow
+	 *
+	 * 2) Poisoned RSB entry
+	 *
+	 * When retpoline is enabled, both are mitigated by filling/clearing
+	 * the RSB.
+	 *
+	 * When IBRS is enabled, while #1 would be mitigated by the IBRS branch
+	 * prediction isolation protections, RSB still needs to be cleared
+	 * because of #2.  Note that SMEP provides no protection here, unlike
+	 * user-space-poisoned RSB entries.
+	 *
+	 * eIBRS, on the other hand, has RSB-poisoning protections, so it
+	 * doesn't need RSB clearing after vmexit.
+	 */
+	if (boot_cpu_has(X86_FEATURE_RETPOLINE) ||
+	    boot_cpu_has(X86_FEATURE_KERNEL_IBRS))
+		setup_force_cpu_cap(X86_FEATURE_RSB_VMEXIT);
+
 	/*
 	 * Retpoline protects the kernel, but doesn't protect firmware.  IBRS
 	 * and Enhanced IBRS protect firmware too, so enable IBRS around
diff --git a/arch/x86/kvm/vmx.c b/arch/x86/kvm/vmx.c
index babb1e5a4dfa..30f0d55c8b2d 100644
--- a/arch/x86/kvm/vmx.c
+++ b/arch/x86/kvm/vmx.c
@@ -11018,8 +11018,8 @@ static void __noclone vmx_vcpu_run(struct kvm_vcpu *vcpu)
 	 * IMPORTANT: RSB filling and SPEC_CTRL handling must be done before
 	 * the first unbalanced RET after vmexit!
 	 *
-	 * For retpoline, RSB filling is needed to prevent poisoned RSB entries
-	 * and (in some cases) RSB underflow.
+	 * For retpoline or IBRS, RSB filling is needed to prevent poisoned RSB
+	 * entries and (in some cases) RSB underflow.
 	 *
 	 * eIBRS has its own protection against poisoned RSB, so it doesn't
 	 * need the RSB filling sequence.  But it does need to be enabled