if (!kvm_vcpu_has_lapic(vcpu) || !apic->pending_events)
                return;
 
-       pe = xchg(&apic->pending_events, 0);
+       /*
+        * INITs are latched while in SMM.  Because an SMM CPU cannot
+        * be in KVM_MP_STATE_INIT_RECEIVED state, just eat SIPIs
+        * and delay processing of INIT until the next RSM.
+        */
+       if (is_smm(vcpu)) {
+               WARN_ON_ONCE(vcpu->arch.mp_state == KVM_MP_STATE_INIT_RECEIVED);
+               if (test_bit(KVM_APIC_SIPI, &apic->pending_events))
+                       clear_bit(KVM_APIC_SIPI, &apic->pending_events);
+               return;
+       }
 
+       pe = xchg(&apic->pending_events, 0);
        if (test_bit(KVM_APIC_INIT, &pe)) {
                kvm_lapic_reset(vcpu, true);
                kvm_vcpu_reset(vcpu, true);
 
                if (unlikely(vcpu->arch.smi_pending)) {
                        kvm_make_request(KVM_REQ_SMI, vcpu);
                        vcpu->arch.smi_pending = 0;
+               } else {
+                       /* Process a latched INIT, if any.  */
+                       kvm_make_request(KVM_REQ_EVENT, vcpu);
                }
        }
 }