diff --git a/drivers/iio/adc/stm32-adc.c b/drivers/iio/adc/stm32-adc.c
index 4df32cf1650e..172753b14a4f 100644
--- a/drivers/iio/adc/stm32-adc.c
+++ b/drivers/iio/adc/stm32-adc.c
@@ -1314,6 +1314,7 @@ static int stm32_adc_set_watermark(struct iio_dev *indio_dev, unsigned int val)
 {
 	struct stm32_adc *adc = iio_priv(indio_dev);
 	unsigned int watermark = STM32_DMA_BUFFER_SIZE / 2;
+	unsigned int rx_buf_sz = STM32_DMA_BUFFER_SIZE;
 
 	/*
 	 * dma cyclic transfers are used, buffer is split into two periods.
@@ -1322,7 +1323,7 @@ static int stm32_adc_set_watermark(struct iio_dev *indio_dev, unsigned int val)
 	 * - one buffer (period) driver can push with iio_trigger_poll().
 	 */
 	watermark = min(watermark, val * (unsigned)(sizeof(u16)));
-	adc->rx_buf_sz = watermark * 2;
+	adc->rx_buf_sz = min(rx_buf_sz, watermark * 2 * adc->num_conv);
 
 	return 0;
 }