--- a/include/linux/cpuhotplug.h~mm-page_alloc-adjust-pcp-high-after-cpu-hotplug-events
+++ a/include/linux/cpuhotplug.h
@@ -54,7 +54,7 @@ enum cpuhp_state {
 	CPUHP_MM_MEMCQ_DEAD,
 	CPUHP_PERCPU_CNT_DEAD,
 	CPUHP_RADIX_DEAD,
-	CPUHP_PAGE_ALLOC_DEAD,
+	CPUHP_PAGE_ALLOC,
 	CPUHP_NET_DEV_DEAD,
 	CPUHP_PCI_XGENE_DEAD,
 	CPUHP_IOMMU_IOVA_DEAD,
--- a/mm/internal.h~mm-page_alloc-adjust-pcp-high-after-cpu-hotplug-events
+++ a/mm/internal.h
@@ -206,7 +206,7 @@ extern int user_min_free_kbytes;
 extern void free_unref_page(struct page *page);
 extern void free_unref_page_list(struct list_head *list);
 
-extern void zone_pcp_update(struct zone *zone);
+extern void zone_pcp_update(struct zone *zone, int cpu_online);
 extern void zone_pcp_reset(struct zone *zone);
 extern void zone_pcp_disable(struct zone *zone);
 extern void zone_pcp_enable(struct zone *zone);
--- a/mm/page_alloc.c~mm-page_alloc-adjust-pcp-high-after-cpu-hotplug-events
+++ a/mm/page_alloc.c
@@ -6667,7 +6667,7 @@ static int zone_batchsize(struct zone *z
 #endif
 }
 
-static int zone_highsize(struct zone *zone, int batch)
+static int zone_highsize(struct zone *zone, int batch, int cpu_online)
 {
 #ifdef CONFIG_MMU
 	int high;
@@ -6678,9 +6678,10 @@ static int zone_highsize(struct zone *zo
 	 * so that if they are full then background reclaim will not be
 	 * started prematurely. The value is split across all online CPUs
 	 * local to the zone. Note that early in boot that CPUs may not be
-	 * online yet.
+	 * online yet and that during CPU hotplug that the cpumask is not
+	 * yet updated when a CPU is being onlined.
 	 */
-	nr_local_cpus = max(1U, cpumask_weight(cpumask_of_node(zone_to_nid(zone))));
+	nr_local_cpus = max(1U, cpumask_weight(cpumask_of_node(zone_to_nid(zone)))) + cpu_online;
 	high = low_wmark_pages(zone) / nr_local_cpus;
 
 	/*
@@ -6754,12 +6755,12 @@ static void __zone_set_pageset_high_and_
  * Calculate and set new high and batch values for all per-cpu pagesets of a
  * zone based on the zone's size.
  */
-static void zone_set_pageset_high_and_batch(struct zone *zone)
+static void zone_set_pageset_high_and_batch(struct zone *zone, int cpu_online)
 {
 	int new_high, new_batch;
 
 	new_batch = max(1, zone_batchsize(zone));
-	new_high = zone_highsize(zone, new_batch);
+	new_high = zone_highsize(zone, new_batch, cpu_online);
 
 	if (zone->pageset_high == new_high &&
 	    zone->pageset_batch == new_batch)
@@ -6789,7 +6790,7 @@ void __meminit setup_zone_pageset(struct
 		per_cpu_pages_init(pcp, pzstats);
 	}
 
-	zone_set_pageset_high_and_batch(zone);
+	zone_set_pageset_high_and_batch(zone, 0);
 }
 
 /*
@@ -8044,6 +8045,7 @@ void __init set_dma_reserve(unsigned lon
 
 static int page_alloc_cpu_dead(unsigned int cpu)
 {
+	struct zone *zone;
 
 	lru_add_drain_cpu(cpu);
 	drain_pages(cpu);
@@ -8064,6 +8066,19 @@ static int page_alloc_cpu_dead(unsigned
 	 * race with what we are doing.
 	 */
 	cpu_vm_stats_fold(cpu);
+
+	for_each_populated_zone(zone)
+		zone_pcp_update(zone, 0);
+
+	return 0;
+}
+
+static int page_alloc_cpu_online(unsigned int cpu)
+{
+	struct zone *zone;
+
+	for_each_populated_zone(zone)
+		zone_pcp_update(zone, 1);
 	return 0;
 }
 
@@ -8089,8 +8104,9 @@ void __init page_alloc_init(void)
 		hashdist = 0;
 #endif
 
-	ret = cpuhp_setup_state_nocalls(CPUHP_PAGE_ALLOC_DEAD,
-					"mm/page_alloc:dead", NULL,
+	ret = cpuhp_setup_state_nocalls(CPUHP_PAGE_ALLOC,
+					"mm/page_alloc:pcp",
+					page_alloc_cpu_online,
 					page_alloc_cpu_dead);
 	WARN_ON(ret < 0);
 }
@@ -8252,7 +8268,7 @@ void setup_per_zone_wmarks(void)
 	 * and high limits or the limits may be inappropriate.
 	 */
 	for_each_zone(zone)
-		zone_pcp_update(zone);
+		zone_pcp_update(zone, 0);
 }
 
 /*
@@ -9053,10 +9069,10 @@ EXPORT_SYMBOL(free_contig_range);
  * The zone indicated has a new number of managed_pages; batch sizes and percpu
  * page high values need to be recalculated.
  */
-void __meminit zone_pcp_update(struct zone *zone)
+void zone_pcp_update(struct zone *zone, int cpu_online)
 {
 	mutex_lock(&pcp_batch_high_lock);
-	zone_set_pageset_high_and_batch(zone);
+	zone_set_pageset_high_and_batch(zone, cpu_online);
 	mutex_unlock(&pcp_batch_high_lock);
 }
 
