diff --git a/drivers/net/ethernet/intel/ice/ice_ethtool.c b/drivers/net/ethernet/intel/ice/ice_ethtool.c
index bbf6a300078e..3a18762cc38f 100644
--- a/drivers/net/ethernet/intel/ice/ice_ethtool.c
+++ b/drivers/net/ethernet/intel/ice/ice_ethtool.c
@@ -2885,6 +2885,7 @@ process_rx:
 		/* clone ring and setup updated count */
 		rx_rings[i] = *vsi->rx_rings[i];
 		rx_rings[i].count = new_rx_cnt;
+		rx_rings[i].cached_phctime = pf->ptp.cached_phc_time;
 		rx_rings[i].desc = NULL;
 		rx_rings[i].rx_buf = NULL;
 		/* this is to allow wr32 to have something to write to
diff --git a/drivers/net/ethernet/intel/ice/ice_lib.c b/drivers/net/ethernet/intel/ice/ice_lib.c
index a830f7f9aed0..679529040edd 100644
--- a/drivers/net/ethernet/intel/ice/ice_lib.c
+++ b/drivers/net/ethernet/intel/ice/ice_lib.c
@@ -1522,6 +1522,7 @@ static int ice_vsi_alloc_rings(struct ice_vsi *vsi)
 		ring->netdev = vsi->netdev;
 		ring->dev = dev;
 		ring->count = vsi->num_rx_desc;
+		ring->cached_phctime = pf->ptp.cached_phc_time;
 		WRITE_ONCE(vsi->rx_rings[i], ring);
 	}