diff --git a/drivers/of/of_mdio.c b/drivers/of/of_mdio.c
index 3481e69738b5..a327be1d264b 100644
--- a/drivers/of/of_mdio.c
+++ b/drivers/of/of_mdio.c
@@ -231,7 +231,12 @@ int of_mdiobus_register(struct mii_bus *mdio, struct device_node *np)
 			rc = of_mdiobus_register_phy(mdio, child, addr);
 		else
 			rc = of_mdiobus_register_device(mdio, child, addr);
-		if (rc)
+
+		if (rc == -ENODEV)
+			dev_err(&mdio->dev,
+				"MDIO device at address %d is missing.\n",
+				addr);
+		else if (rc)
 			goto unregister;
 	}
 
@@ -255,7 +260,7 @@ int of_mdiobus_register(struct mii_bus *mdio, struct device_node *np)
 
 			if (of_mdiobus_child_is_phy(child)) {
 				rc = of_mdiobus_register_phy(mdio, child, addr);
-				if (rc)
+				if (rc && rc != -ENODEV)
 					goto unregister;
 			}
 		}