diff --git a/hw/arm/smmu-common.c b/hw/arm/smmu-common.c
index dd74c2e558..8c1b407b82 100644
--- a/hw/arm/smmu-common.c
+++ b/hw/arm/smmu-common.c
@@ -924,7 +924,12 @@ static void smmu_base_realize(DeviceState *dev, Error **errp)
     }
 }
 
-static void smmu_base_reset_hold(Object *obj, ResetType type)
+/*
+ * Make sure the IOMMU is reset in 'exit' phase after
+ * all outstanding DMA requests have been quiesced during
+ * the 'enter' or 'hold' reset phases
+ */
+static void smmu_base_reset_exit(Object *obj, ResetType type)
 {
     SMMUState *s = ARM_SMMU(obj);
 
@@ -949,7 +954,7 @@ static void smmu_base_class_init(ObjectClass *klass, void *data)
     device_class_set_props(dc, smmu_dev_properties);
     device_class_set_parent_realize(dc, smmu_base_realize,
                                     &sbc->parent_realize);
-    rc->phases.hold = smmu_base_reset_hold;
+    rc->phases.exit = smmu_base_reset_exit;
 }
 
 static const TypeInfo smmu_base_info = {
diff --git a/hw/arm/smmuv3.c b/hw/arm/smmuv3.c
index c0cf5df0f6..b49a59b64c 100644
--- a/hw/arm/smmuv3.c
+++ b/hw/arm/smmuv3.c
@@ -1870,13 +1870,19 @@ static void smmu_init_irq(SMMUv3State *s, SysBusDevice *dev)
     }
 }
 
-static void smmu_reset_hold(Object *obj, ResetType type)
+/*
+ * Make sure the IOMMU is reset in 'exit' phase after
+ * all outstanding DMA requests have been quiesced during
+ * the 'enter' or 'hold' reset phases
+ */
+static void smmu_reset_exit(Object *obj, ResetType type)
 {
     SMMUv3State *s = ARM_SMMUV3(obj);
     SMMUv3Class *c = ARM_SMMUV3_GET_CLASS(s);
 
-    if (c->parent_phases.hold) {
-        c->parent_phases.hold(obj, type);
+    trace_smmu_reset_exit();
+    if (c->parent_phases.exit) {
+        c->parent_phases.exit(obj, type);
     }
 
     smmuv3_init_regs(s);
@@ -1999,7 +2005,7 @@ static void smmuv3_class_init(ObjectClass *klass, void *data)
     SMMUv3Class *c = ARM_SMMUV3_CLASS(klass);
 
     dc->vmsd = &vmstate_smmuv3;
-    resettable_class_set_parent_phases(rc, NULL, smmu_reset_hold, NULL,
+    resettable_class_set_parent_phases(rc, NULL, NULL, smmu_reset_exit,
                                        &c->parent_phases);
     device_class_set_parent_realize(dc, smmu_realize,
                                     &c->parent_realize);
diff --git a/hw/arm/trace-events b/hw/arm/trace-events
index c64ad344bd..7790db780e 100644
--- a/hw/arm/trace-events
+++ b/hw/arm/trace-events
@@ -56,6 +56,7 @@ smmuv3_config_cache_inv(uint32_t sid) "Config cache INV for sid=0x%x"
 smmuv3_notify_flag_add(const char *iommu) "ADD SMMUNotifier node for iommu mr=%s"
 smmuv3_notify_flag_del(const char *iommu) "DEL SMMUNotifier node for iommu mr=%s"
 smmuv3_inv_notifiers_iova(const char *name, int asid, int vmid, uint64_t iova, uint8_t tg, uint64_t num_pages, int stage) "iommu mr=%s asid=%d vmid=%d iova=0x%"PRIx64" tg=%d num_pages=0x%"PRIx64" stage=%d"
+smmu_reset_exit(void) ""
 
 # strongarm.c
 strongarm_uart_update_parameters(const char *label, int speed, char parity, int data_bits, int stop_bits) "%s speed=%d parity=%c data=%d stop=%d"