diff --git a/llvm/lib/Target/AMDGPU/SOPInstructions.td b/llvm/lib/Target/AMDGPU/SOPInstructions.td
index 0b7d45ee8c027..93b7e86b5f297 100644
--- a/llvm/lib/Target/AMDGPU/SOPInstructions.td
+++ b/llvm/lib/Target/AMDGPU/SOPInstructions.td
@@ -1803,7 +1803,7 @@ def : GCNPat<
 let SubtargetPredicate = isNotGFX12Plus in
   def : GCNPat <(int_amdgcn_s_wait_event_export_ready), (S_WAIT_EVENT (i16 0))>;
 let SubtargetPredicate = isGFX12Plus in
-  def : GCNPat <(int_amdgcn_s_wait_event_export_ready), (S_WAIT_EVENT (i16 1))>;
+  def : GCNPat <(int_amdgcn_s_wait_event_export_ready), (S_WAIT_EVENT (i16 2))>;
 
 // The first 10 bits of the mode register are the core FP mode on all
 // subtargets.
diff --git a/llvm/test/CodeGen/AMDGPU/llvm.amdgcn.s.wait.event.ll b/llvm/test/CodeGen/AMDGPU/llvm.amdgcn.s.wait.event.ll
index 08c77148f6ae1..433fefa434988 100644
--- a/llvm/test/CodeGen/AMDGPU/llvm.amdgcn.s.wait.event.ll
+++ b/llvm/test/CodeGen/AMDGPU/llvm.amdgcn.s.wait.event.ll
@@ -5,14 +5,10 @@
 
 ; GCN-LABEL: {{^}}test_wait_event:
 ; GFX11: s_wait_event 0x0
-; GFX12: s_wait_event 0x1
+; GFX12: s_wait_event 0x2
 
-define amdgpu_ps void @test_wait_event() #0 {
+define amdgpu_ps void @test_wait_event() {
 entry:
-  call void @llvm.amdgcn.s.wait.event.export.ready() #0
+  call void @llvm.amdgcn.s.wait.event.export.ready()
   ret void
 }
-
-declare void @llvm.amdgcn.s.wait.event.export.ready() #0
-
-attributes #0 = { nounwind }