diff --git a/gcc/loop-invariant.c b/gcc/loop-invariant.c
index 37ae6549e56f..653e3033271d 100644
--- a/gcc/loop-invariant.c
+++ b/gcc/loop-invariant.c
@@ -1099,6 +1099,10 @@ find_invariant_insn (rtx_insn *insn, bool always_reached, bool always_executed)
   if (HAVE_cc0 && sets_cc0_p (insn))
     return;
 
+  /* Jumps have control flow side-effects.  */
+  if (JUMP_P (insn))
+    return;
+
   set = single_set (insn);
   if (!set)
     return;
diff --git a/gcc/testsuite/gcc.dg/pr97954.c b/gcc/testsuite/gcc.dg/pr97954.c
new file mode 100644
index 000000000000..178e1d2e965e
--- /dev/null
+++ b/gcc/testsuite/gcc.dg/pr97954.c
@@ -0,0 +1,12 @@
+/* PR rtl-optimization/97954 */
+/* { dg-do compile } */
+/* { dg-options "-O2" } */
+
+int
+foo (void)
+{
+  int x;
+ lab:
+  asm goto ("": "=r" (x) : : : lab);
+  return x;
+}