diff --git a/drivers/net/ethernet/sfc/falcon/rx.c b/drivers/net/ethernet/sfc/falcon/rx.c
index 966f13e7475ddb7e650b8c05516e90810862d02e..11a6aee852e92ec4e6a6556e4213837c6531736c 100644
--- a/drivers/net/ethernet/sfc/falcon/rx.c
+++ b/drivers/net/ethernet/sfc/falcon/rx.c
@@ -728,7 +728,10 @@ static void ef4_init_rx_recycle_ring(struct ef4_nic *efx,
 					    efx->rx_bufs_per_page);
 	rx_queue->page_ring = kcalloc(page_ring_size,
 				      sizeof(*rx_queue->page_ring), GFP_KERNEL);
-	rx_queue->page_ptr_mask = page_ring_size - 1;
+	if (!rx_queue->page_ring)
+		rx_queue->page_ptr_mask = 0;
+	else
+		rx_queue->page_ptr_mask = page_ring_size - 1;
 }
 
 void ef4_init_rx_queue(struct ef4_rx_queue *rx_queue)