diff --git a/drivers/phy/phy-core.c b/drivers/phy/phy-core.c
index 4400b22abfdf..197240546354 100644
--- a/drivers/phy/phy-core.c
+++ b/drivers/phy/phy-core.c
@@ -140,8 +140,10 @@ static struct phy_provider *of_phy_provider_lookup(struct device_node *node)
 			return phy_provider;
 
 		for_each_child_of_node(phy_provider->children, child)
-			if (child == node)
+			if (child == node) {
+				of_node_put(child);
 				return phy_provider;
+			}
 	}
 
 	return ERR_PTR(-EPROBE_DEFER);