diff --git a/drivers/net/ethernet/broadcom/bnxt/bnxt.c b/drivers/net/ethernet/broadcom/bnxt/bnxt.c
index d0a255bd71da..82833326a852 100644
--- a/drivers/net/ethernet/broadcom/bnxt/bnxt.c
+++ b/drivers/net/ethernet/broadcom/bnxt/bnxt.c
@@ -12215,6 +12215,20 @@ static void bnxt_init_dflt_coal(struct bnxt *bp)
 	bp->stats_coal_ticks = BNXT_DEF_STATS_COAL_TICKS;
 }
 
+/* FW that pre-reserves 1 VNIC per function */
+static bool bnxt_fw_pre_resv_vnics(struct bnxt *bp)
+{
+	u16 fw_maj = BNXT_FW_MAJ(bp), fw_bld = BNXT_FW_BLD(bp);
+
+	if (!(bp->flags & BNXT_FLAG_CHIP_P5) &&
+	    (fw_maj > 218 || (fw_maj == 218 && fw_bld >= 18)))
+		return true;
+	if ((bp->flags & BNXT_FLAG_CHIP_P5) &&
+	    (fw_maj > 216 || (fw_maj == 216 && fw_bld >= 172)))
+		return true;
+	return false;
+}
+
 static int bnxt_fw_init_one_p1(struct bnxt *bp)
 {
 	int rc;
@@ -12271,6 +12285,9 @@ static int bnxt_fw_init_one_p2(struct bnxt *bp)
 	if (rc)
 		return -ENODEV;
 
+	if (bnxt_fw_pre_resv_vnics(bp))
+		bp->fw_cap |= BNXT_FW_CAP_PRE_RESV_VNICS;
+
 	bnxt_hwrm_func_qcfg(bp);
 	bnxt_hwrm_vnic_qcaps(bp);
 	bnxt_hwrm_port_led_qcaps(bp);
diff --git a/drivers/net/ethernet/broadcom/bnxt/bnxt.h b/drivers/net/ethernet/broadcom/bnxt/bnxt.h
index ae03c5ba83ad..5d8252272cc9 100644
--- a/drivers/net/ethernet/broadcom/bnxt/bnxt.h
+++ b/drivers/net/ethernet/broadcom/bnxt/bnxt.h
@@ -2014,6 +2014,7 @@ struct bnxt {
 	#define BNXT_FW_CAP_PTP				BIT_ULL(32)
 	#define BNXT_FW_CAP_THRESHOLD_TEMP_SUPPORTED	BIT_ULL(33)
 	#define BNXT_FW_CAP_DFLT_VLAN_TPID_PCP		BIT_ULL(34)
+	#define BNXT_FW_CAP_PRE_RESV_VNICS		BIT_ULL(35)
 
 	u32			fw_dbg_cap;
 
@@ -2054,6 +2055,7 @@ struct bnxt {
 #define BNXT_FW_VER_CODE(maj, min, bld, rsv)			\
 	((u64)(maj) << 48 | (u64)(min) << 32 | (u64)(bld) << 16 | (rsv))
 #define BNXT_FW_MAJ(bp)		((bp)->fw_ver_code >> 48)
+#define BNXT_FW_BLD(bp)		(((bp)->fw_ver_code >> 16) & 0xffff)
 
 	u16			vxlan_fw_dst_port_id;
 	u16			nge_fw_dst_port_id;
diff --git a/drivers/net/ethernet/broadcom/bnxt/bnxt_sriov.c b/drivers/net/ethernet/broadcom/bnxt/bnxt_sriov.c
index 98c167ff0ffb..38fe44838639 100644
--- a/drivers/net/ethernet/broadcom/bnxt/bnxt_sriov.c
+++ b/drivers/net/ethernet/broadcom/bnxt/bnxt_sriov.c
@@ -552,7 +552,6 @@ static int bnxt_hwrm_func_vf_resc_cfg(struct bnxt *bp, int num_vfs, bool reset)
 		vf_rx_rings = hw_resc->max_rx_rings - bp->rx_nr_rings;
 	vf_tx_rings = hw_resc->max_tx_rings - bp->tx_nr_rings;
 	vf_vnics = hw_resc->max_vnics - bp->nr_vnics;
-	vf_vnics = min_t(u16, vf_vnics, vf_rx_rings);
 	vf_rss = hw_resc->max_rsscos_ctxs - bp->rsscos_nr_ctxs;
 
 	req->min_rsscos_ctx = cpu_to_le16(BNXT_VF_MIN_RSS_CTX);
@@ -574,11 +573,20 @@ static int bnxt_hwrm_func_vf_resc_cfg(struct bnxt *bp, int num_vfs, bool reset)
 		vf_cp_rings /= num_vfs;
 		vf_tx_rings /= num_vfs;
 		vf_rx_rings /= num_vfs;
-		vf_vnics /= num_vfs;
+		if ((bp->fw_cap & BNXT_FW_CAP_PRE_RESV_VNICS) &&
+		    vf_vnics >= pf->max_vfs) {
+			/* Take into account that FW has pre-reserved 1 VNIC for
+			 * each pf->max_vfs.
+			 */
+			vf_vnics = (vf_vnics - pf->max_vfs + num_vfs) / num_vfs;
+		} else {
+			vf_vnics /= num_vfs;
+		}
 		vf_stat_ctx /= num_vfs;
 		vf_ring_grps /= num_vfs;
 		vf_rss /= num_vfs;
 
+		vf_vnics = min_t(u16, vf_vnics, vf_rx_rings);
 		req->min_cmpl_rings = cpu_to_le16(vf_cp_rings);
 		req->min_tx_rings = cpu_to_le16(vf_tx_rings);
 		req->min_rx_rings = cpu_to_le16(vf_rx_rings);