diff --git a/drivers/regulator/core.c b/drivers/regulator/core.c
index 07982143ec18..9cf438a37eeb 100644
--- a/drivers/regulator/core.c
+++ b/drivers/regulator/core.c
@@ -1241,6 +1241,7 @@ static int set_supply(struct regulator_dev *rdev,
 
 	rdev->supply = create_regulator(supply_rdev, &rdev->dev, "SUPPLY");
 	if (rdev->supply == NULL) {
+		module_put(supply_rdev->owner);
 		err = -ENOMEM;
 		return err;
 	}