diff --git a/drivers/net/ethernet/intel/ice/ice_ptp.c b/drivers/net/ethernet/intel/ice/ice_ptp.c
index 4d6555fadd83a1..9fef240bf68ddb 100644
--- a/drivers/net/ethernet/intel/ice/ice_ptp.c
+++ b/drivers/net/ethernet/intel/ice/ice_ptp.c
@@ -1559,6 +1559,10 @@ void ice_ptp_extts_event(struct ice_pf *pf)
 	u8 chan, tmr_idx;
 	u32 hi, lo;
 
+	/* Don't process timestamp events if PTP is not ready */
+	if (pf->ptp.state != ICE_PTP_READY)
+		return;
+
 	tmr_idx = hw->func_caps.ts_func_info.tmr_index_owned;
 	/* Event time is captured by one of the two matched registers
 	 *      GLTSYN_EVNT_L: 32 LSB of sampled time event