diff --git a/src/amd/compiler/aco_live_var_analysis.cpp b/src/amd/compiler/aco_live_var_analysis.cpp
index 25933bfe8d6..6dd81398b9d 100644
--- a/src/amd/compiler/aco_live_var_analysis.cpp
+++ b/src/amd/compiler/aco_live_var_analysis.cpp
@@ -226,11 +226,13 @@ void process_live_temps_per_block(Program *program, live& lives, Block* block,
          /* check if we changed an already processed block */
          const bool inserted = lives.live_out[preds[i]].insert(operand.tempId()).second;
          if (inserted) {
-            operand.setKill(true);
             worklist.insert(preds[i]);
             if (insn->opcode == aco_opcode::p_phi && operand.getTemp().type() == RegType::sgpr)
                phi_sgpr_ops[preds[i]] += operand.size();
          }
+
+         /* set if the operand is killed by this (or another) phi instruction */
+         operand.setKill(!live.count(operand.tempId()));
       }
       phi_idx--;
    }