diff --git a/OvmfPkg/OvmfPkgIa32.dsc b/OvmfPkg/OvmfPkgIa32.dsc
index 64427716c5..b46eef6cab 100644
--- a/OvmfPkg/OvmfPkgIa32.dsc
+++ b/OvmfPkg/OvmfPkgIa32.dsc
@@ -495,7 +495,10 @@
 ################################################################################
 
 [PcdsDynamicDefault]
+  # only set when
+  #   ($(SMM_REQUIRE) == FALSE)
   gEfiMdeModulePkgTokenSpaceGuid.PcdEmuVariableNvStoreReserved|0
+
   gEfiMdeModulePkgTokenSpaceGuid.PcdFlashNvStorageVariableBase64|0
   gEfiMdeModulePkgTokenSpaceGuid.PcdFlashNvStorageFtwWorkingBase|0
   gEfiMdeModulePkgTokenSpaceGuid.PcdFlashNvStorageFtwSpareBase|0
diff --git a/OvmfPkg/OvmfPkgIa32X64.dsc b/OvmfPkg/OvmfPkgIa32X64.dsc
index 887964cd27..08f471fbc5 100644
--- a/OvmfPkg/OvmfPkgIa32X64.dsc
+++ b/OvmfPkg/OvmfPkgIa32X64.dsc
@@ -501,7 +501,10 @@
 ################################################################################
 
 [PcdsDynamicDefault]
+  # only set when
+  #   ($(SMM_REQUIRE) == FALSE)
   gEfiMdeModulePkgTokenSpaceGuid.PcdEmuVariableNvStoreReserved|0
+
   gEfiMdeModulePkgTokenSpaceGuid.PcdFlashNvStorageVariableBase64|0
   gEfiMdeModulePkgTokenSpaceGuid.PcdFlashNvStorageFtwWorkingBase|0
   gEfiMdeModulePkgTokenSpaceGuid.PcdFlashNvStorageFtwSpareBase|0
diff --git a/OvmfPkg/OvmfPkgX64.dsc b/OvmfPkg/OvmfPkgX64.dsc
index dc5fea3577..24053e5ff8 100644
--- a/OvmfPkg/OvmfPkgX64.dsc
+++ b/OvmfPkg/OvmfPkgX64.dsc
@@ -500,7 +500,10 @@
 ################################################################################
 
 [PcdsDynamicDefault]
+  # only set when
+  #   ($(SMM_REQUIRE) == FALSE)
   gEfiMdeModulePkgTokenSpaceGuid.PcdEmuVariableNvStoreReserved|0
+
   gEfiMdeModulePkgTokenSpaceGuid.PcdFlashNvStorageVariableBase64|0
   gEfiMdeModulePkgTokenSpaceGuid.PcdFlashNvStorageFtwWorkingBase|0
   gEfiMdeModulePkgTokenSpaceGuid.PcdFlashNvStorageFtwSpareBase|0
diff --git a/OvmfPkg/PlatformPei/Platform.c b/OvmfPkg/PlatformPei/Platform.c
index 5e983a8dce..1b4dc00b01 100644
--- a/OvmfPkg/PlatformPei/Platform.c
+++ b/OvmfPkg/PlatformPei/Platform.c
@@ -672,7 +672,9 @@ InitializePlatform (
   mHostBridgeDevId = PciRead16 (OVMF_HOSTBRIDGE_DID);
 
   if (mBootMode != BOOT_ON_S3_RESUME) {
-    ReserveEmuVariableNvStore ();
+    if (!FeaturePcdGet (PcdSmmSmramRequire)) {
+      ReserveEmuVariableNvStore ();
+    }
     PeiFvInitialization ();
     MemMapInitialization ();
     NoexecDxeInitialization ();