diff --git a/kernel/panic.c b/kernel/panic.c
index b6215b7ce99d..d2a5f4ecc6dd 100644
--- a/kernel/panic.c
+++ b/kernel/panic.c
@@ -108,8 +108,6 @@ void panic(const char *fmt, ...)
 	 */
 	crash_kexec(NULL);
 
-	kmsg_dump(KMSG_DUMP_PANIC);
-
 	/*
 	 * Note smp_send_stop is the usual smp shutdown function, which
 	 * unfortunately means it may not be hardened to work in a panic
@@ -117,6 +115,8 @@ void panic(const char *fmt, ...)
 	 */
 	smp_send_stop();
 
+	kmsg_dump(KMSG_DUMP_PANIC);
+
 	atomic_notifier_call_chain(&panic_notifier_list, 0, buf);
 
 	bust_spinlocks(0);