diff --git a/arch/x86/kernel/cpu/microcode/core.c b/arch/x86/kernel/cpu/microcode/core.c
index cb0fdcaf1415..7019d4b2df0c 100644
--- a/arch/x86/kernel/cpu/microcode/core.c
+++ b/arch/x86/kernel/cpu/microcode/core.c
@@ -63,11 +63,6 @@ LIST_HEAD(microcode_cache);
  */
 static DEFINE_MUTEX(microcode_mutex);
 
-/*
- * Serialize late loading so that CPUs get updated one-by-one.
- */
-static DEFINE_RAW_SPINLOCK(update_lock);
-
 struct ucode_cpu_info		ucode_cpu_info[NR_CPUS];
 
 struct cpu_info_ctx {
@@ -566,11 +561,18 @@ static int __reload_late(void *info)
 	if (__wait_for_cpus(&late_cpus_in, NSEC_PER_SEC))
 		return -1;
 
-	raw_spin_lock(&update_lock);
-	apply_microcode_local(&err);
-	raw_spin_unlock(&update_lock);
+	/*
+	 * On an SMT system, it suffices to load the microcode on one sibling of
+	 * the core because the microcode engine is shared between the threads.
+	 * Synchronization still needs to take place so that no concurrent
+	 * loading attempts happen on multiple threads of an SMT core. See
+	 * below.
+	 */
+	if (cpumask_first(topology_sibling_cpumask(cpu)) == cpu)
+		apply_microcode_local(&err);
+	else
+		goto wait_for_siblings;
 
-	/* siblings return UCODE_OK because their engine got updated already */
 	if (err > UCODE_NFOUND) {
 		pr_warn("Error reloading microcode on CPU %d\n", cpu);
 		ret = -1;
@@ -578,15 +580,19 @@ static int __reload_late(void *info)
 		ret = 1;
 	}
 
-	/*
-	 * Increase the wait timeout to a safe value here since we're
-	 * serializing the microcode update and that could take a while on a
-	 * large number of CPUs. And that is fine as the *actual* timeout will
-	 * be determined by the last CPU finished updating and thus cut short.
-	 */
-	if (__wait_for_cpus(&late_cpus_out, NSEC_PER_SEC * num_online_cpus()))
+wait_for_siblings:
+	if (__wait_for_cpus(&late_cpus_out, NSEC_PER_SEC))
 		panic("Timeout during microcode update!\n");
 
+	/*
+	 * At least one thread has completed update on each core.
+	 * For others, simply call the update to make sure the
+	 * per-cpu cpuinfo can be updated with right microcode
+	 * revision.
+	 */
+	if (cpumask_first(topology_sibling_cpumask(cpu)) != cpu)
+		apply_microcode_local(&err);
+
 	return ret;
 }