diff --git a/sys/dev/extres/regulator/regulator.c b/sys/dev/extres/regulator/regulator.c
index fa294867b57..37817235348 100644
--- a/sys/dev/extres/regulator/regulator.c
+++ b/sys/dev/extres/regulator/regulator.c
@@ -507,6 +507,20 @@ struct regnode_std_param *regnode_get_stdparam(struct regnode *regnode)
 	return (&regnode->std_param);
 }
 
+void
+regnode_enable_cnt_inc(struct regnode *regnode)
+{
+
+	regnode->enable_cnt++;
+}
+
+void
+regnode_enable_cnt_dec(struct regnode *regnode)
+{
+
+	regnode->enable_cnt--;
+}
+
 void regnode_topo_unlock(void)
 {
 
diff --git a/sys/dev/extres/regulator/regulator.h b/sys/dev/extres/regulator/regulator.h
index 7ef6524df35..2f35edca455 100644
--- a/sys/dev/extres/regulator/regulator.h
+++ b/sys/dev/extres/regulator/regulator.h
@@ -106,6 +106,8 @@ int regnode_get_flags(struct regnode *regnode);
 void *regnode_get_softc(struct regnode *regnode);
 device_t regnode_get_device(struct regnode *regnode);
 struct regnode_std_param *regnode_get_stdparam(struct regnode *regnode);
+void regnode_enable_cnt_inc(struct regnode *regnode);
+void regnode_enable_cnt_dec(struct regnode *regnode);
 void regnode_topo_unlock(void);
 void regnode_topo_xlock(void);
 void regnode_topo_slock(void);
diff --git a/sys/dev/extres/regulator/regulator_fixed.c b/sys/dev/extres/regulator/regulator_fixed.c
index 1438181eafe..bb98bb6a463 100644
--- a/sys/dev/extres/regulator/regulator_fixed.c
+++ b/sys/dev/extres/regulator/regulator_fixed.c
@@ -156,6 +156,8 @@ regnode_fixed_init(struct regnode *regnode)
 	if (sc->gpio_open_drain)
 		flags |= GPIO_PIN_OPENDRAIN;
 	enable = sc->param->boot_on || sc->param->always_on;
+	if (enable)
+		regnode_enable_cnt_inc(regnode);
 	if (!sc->param->enable_active_high)
 		enable = !enable;
 	rv = GPIO_PIN_SET(pin->dev, pin->pin, enable);
@@ -194,12 +196,14 @@ regnode_fixed_enable(struct regnode *regnode, bool enable, int *udelay)
 		return (0);
 	pin = &sc->gpio_entry->gpio_pin;
 	if (enable) {
+		regnode_enable_cnt_inc(regnode);
 		sc->gpio_entry->enable_cnt++;
 		if (sc->gpio_entry->enable_cnt > 1)
 			return (0);
 	} else {
 		KASSERT(sc->gpio_entry->enable_cnt > 0,
 		    ("Invalid enable count"));
+		regnode_enable_cnt_dec(regnode);
 		sc->gpio_entry->enable_cnt--;
 		if (sc->gpio_entry->enable_cnt >= 1)
 			return (0);