diff --git a/drivers/net/phy/phy_device.c b/drivers/net/phy/phy_device.c
index 7752e9386b40..6bb2793de0a9 100644
--- a/drivers/net/phy/phy_device.c
+++ b/drivers/net/phy/phy_device.c
@@ -3347,11 +3347,13 @@ static int of_phy_leds(struct phy_device *phydev)
 		err = of_phy_led(phydev, led);
 		if (err) {
 			of_node_put(led);
+			of_node_put(leds);
 			phy_leds_unregister(phydev);
 			return err;
 		}
 	}
 
+	of_node_put(leds);
 	return 0;
 }