diff --git a/src/gallium/drivers/panfrost/pan_cmdstream.c b/src/gallium/drivers/panfrost/pan_cmdstream.c
index 34c2c7a2af0..50eaa195a69 100644
--- a/src/gallium/drivers/panfrost/pan_cmdstream.c
+++ b/src/gallium/drivers/panfrost/pan_cmdstream.c
@@ -789,8 +789,14 @@ panfrost_frag_shader_meta_init(struct panfrost_context *ctx,
                  * related to forward-pixel kill, as per "Mali Performance 3: Is
                  * EGL_BUFFER_PRESERVED a good thing?" by Peter Harris */
 
+                const struct pipe_depth_stencil_alpha_state *zsa = ctx->depth_stencil;
+
+                bool depth_enabled = fs->writes_depth ||
+                   (zsa && zsa->depth.enabled && zsa->depth.func != PIPE_FUNC_ALWAYS);
+
                 SET_BIT(fragmeta->unknown2_3, MALI_CAN_DISCARD, fs->can_discard);
-                SET_BIT(fragmeta->midgard1.flags_lo, 0x400, fs->can_discard);
+                SET_BIT(fragmeta->midgard1.flags_lo, 0x400, !depth_enabled && fs->can_discard);
+                SET_BIT(fragmeta->midgard1.flags_lo, MALI_READS_ZS, depth_enabled && fs->can_discard);
         }
 
         panfrost_frag_meta_rasterizer_update(ctx, fragmeta);