diff --git a/arch/s390/kernel/perf_cpum_sf.c b/arch/s390/kernel/perf_cpum_sf.c
index 02476d2333df..3b8e5a3d2d64 100644
--- a/arch/s390/kernel/perf_cpum_sf.c
+++ b/arch/s390/kernel/perf_cpum_sf.c
@@ -1307,6 +1307,22 @@ static void hw_perf_event_update(struct perf_event *event, int flush_all)
 	if (sampl_overflow)
 		OVERFLOW_REG(hwc) = DIV_ROUND_UP(OVERFLOW_REG(hwc) +
 						 sampl_overflow, 1 + num_sdb);
+
+	/* Perf_event_overflow() and perf_event_account_interrupt() limit
+	 * the interrupt rate to an upper limit. Roughly 1000 samples per
+	 * task tick.
+	 * Hitting this limit results in a large number
+	 * of throttled REF_REPORT_THROTTLE entries and the samples
+	 * are dropped.
+	 * Slightly increase the interval to avoid hitting this limit.
+	 */
+	if (event_overflow) {
+		SAMPL_RATE(hwc) += DIV_ROUND_UP(SAMPL_RATE(hwc), 10);
+		debug_sprintf_event(sfdbg, 1, "%s: rate adjustment %ld\n",
+				    __func__,
+				    DIV_ROUND_UP(SAMPL_RATE(hwc), 10));
+	}
+
 	if (sampl_overflow || event_overflow)
 		debug_sprintf_event(sfdbg, 4, "hw_perf_event_update: "
 				    "overflow stats: sample=%llu event=%llu\n",