diff --git a/drivers/net/ethernet/ibm/ibmvnic.c b/drivers/net/ethernet/ibm/ibmvnic.c
index 1bb5996c4313..ebd525b6fc87 100644
--- a/drivers/net/ethernet/ibm/ibmvnic.c
+++ b/drivers/net/ethernet/ibm/ibmvnic.c
@@ -368,20 +368,27 @@ static void replenish_rx_pool(struct ibmvnic_adapter *adapter,
 	 * be 0.
 	 */
 	for (i = ind_bufp->index; i < count; ++i) {
-		skb = netdev_alloc_skb(adapter->netdev, pool->buff_size);
+		index = pool->free_map[pool->next_free];
+
+		/* We maybe reusing the skb from earlier resets. Allocate
+		 * only if necessary. But since the LTB may have changed
+		 * during reset (see init_rx_pools()), update LTB below
+		 * even if reusing skb.
+		 */
+		skb = pool->rx_buff[index].skb;
 		if (!skb) {
-			dev_err(dev, "Couldn't replenish rx buff\n");
-			adapter->replenish_no_mem++;
-			break;
+			skb = netdev_alloc_skb(adapter->netdev,
+					       pool->buff_size);
+			if (!skb) {
+				dev_err(dev, "Couldn't replenish rx buff\n");
+				adapter->replenish_no_mem++;
+				break;
+			}
 		}
 
-		index = pool->free_map[pool->next_free];
 		pool->free_map[pool->next_free] = IBMVNIC_INVALID_MAP;
 		pool->next_free = (pool->next_free + 1) % pool->size;
 
-		if (pool->rx_buff[index].skb)
-			dev_err(dev, "Inconsistent free_map!\n");
-
 		/* Copy the skb to the long term mapped DMA buffer */
 		offset = index * pool->buff_size;
 		dst = pool->long_term_buff.buff + offset;
@@ -532,45 +539,6 @@ static int init_stats_token(struct ibmvnic_adapter *adapter)
 	return 0;
 }
 
-static int reset_rx_pools(struct ibmvnic_adapter *adapter)
-{
-	struct ibmvnic_rx_pool *rx_pool;
-	u64 buff_size;
-	int rx_scrqs;
-	int i, j, rc;
-
-	if (!adapter->rx_pool)
-		return -1;
-
-	buff_size = adapter->cur_rx_buf_sz;
-	rx_scrqs = adapter->num_active_rx_pools;
-	for (i = 0; i < rx_scrqs; i++) {
-		rx_pool = &adapter->rx_pool[i];
-
-		netdev_dbg(adapter->netdev, "Re-setting rx_pool[%d]\n", i);
-
-		rx_pool->buff_size = ALIGN(buff_size, L1_CACHE_BYTES);
-		rc = alloc_long_term_buff(adapter,
-					  &rx_pool->long_term_buff,
-					  rx_pool->size * rx_pool->buff_size);
-		if (rc)
-			return rc;
-
-		for (j = 0; j < rx_pool->size; j++)
-			rx_pool->free_map[j] = j;
-
-		memset(rx_pool->rx_buff, 0,
-		       rx_pool->size * sizeof(struct ibmvnic_rx_buff));
-
-		atomic_set(&rx_pool->available, 0);
-		rx_pool->next_alloc = 0;
-		rx_pool->next_free = 0;
-		rx_pool->active = 1;
-	}
-
-	return 0;
-}
-
 /**
  * Release any rx_pools attached to @adapter.
  * Safe to call this multiple times - even if no pools are attached.
@@ -589,6 +557,7 @@ static void release_rx_pools(struct ibmvnic_adapter *adapter)
 		netdev_dbg(adapter->netdev, "Releasing rx_pool[%d]\n", i);
 
 		kfree(rx_pool->free_map);
+
 		free_long_term_buff(adapter, &rx_pool->long_term_buff);
 
 		if (!rx_pool->rx_buff)
@@ -607,8 +576,53 @@ static void release_rx_pools(struct ibmvnic_adapter *adapter)
 	kfree(adapter->rx_pool);
 	adapter->rx_pool = NULL;
 	adapter->num_active_rx_pools = 0;
+	adapter->prev_rx_pool_size = 0;
+}
+
+/**
+ * Return true if we can reuse the existing rx pools.
+ * NOTE: This assumes that all pools have the same number of buffers
+ *       which is the case currently. If that changes, we must fix this.
+ */
+static bool reuse_rx_pools(struct ibmvnic_adapter *adapter)
+{
+	u64 old_num_pools, new_num_pools;
+	u64 old_pool_size, new_pool_size;
+	u64 old_buff_size, new_buff_size;
+
+	if (!adapter->rx_pool)
+		return false;
+
+	old_num_pools = adapter->num_active_rx_pools;
+	new_num_pools = adapter->req_rx_queues;
+
+	old_pool_size = adapter->prev_rx_pool_size;
+	new_pool_size = adapter->req_rx_add_entries_per_subcrq;
+
+	old_buff_size = adapter->prev_rx_buf_sz;
+	new_buff_size = adapter->cur_rx_buf_sz;
+
+	/* Require buff size to be exactly same for now */
+	if (old_buff_size != new_buff_size)
+		return false;
+
+	if (old_num_pools == new_num_pools && old_pool_size == new_pool_size)
+		return true;
+
+	if (old_num_pools < adapter->min_rx_queues ||
+	    old_num_pools > adapter->max_rx_queues ||
+	    old_pool_size < adapter->min_rx_add_entries_per_subcrq ||
+	    old_pool_size > adapter->max_rx_add_entries_per_subcrq)
+		return false;
+
+	return true;
 }
 
+/**
+ * Initialize the set of receiver pools in the adapter. Reuse existing
+ * pools if possible. Otherwise allocate a new set of pools before
+ * initializing them.
+ */
 static int init_rx_pools(struct net_device *netdev)
 {
 	struct ibmvnic_adapter *adapter = netdev_priv(netdev);
@@ -619,10 +633,18 @@ static int init_rx_pools(struct net_device *netdev)
 	u64 buff_size;
 	int i, j;
 
-	num_pools = adapter->num_active_rx_scrqs;
 	pool_size = adapter->req_rx_add_entries_per_subcrq;
+	num_pools = adapter->req_rx_queues;
 	buff_size = adapter->cur_rx_buf_sz;
 
+	if (reuse_rx_pools(adapter)) {
+		dev_dbg(dev, "Reusing rx pools\n");
+		goto update_ltb;
+	}
+
+	/* Allocate/populate the pools. */
+	release_rx_pools(adapter);
+
 	adapter->rx_pool = kcalloc(num_pools,
 				   sizeof(struct ibmvnic_rx_pool),
 				   GFP_KERNEL);
@@ -646,14 +668,12 @@ static int init_rx_pools(struct net_device *netdev)
 		rx_pool->size = pool_size;
 		rx_pool->index = i;
 		rx_pool->buff_size = ALIGN(buff_size, L1_CACHE_BYTES);
-		rx_pool->active = 1;
 
 		rx_pool->free_map = kcalloc(rx_pool->size, sizeof(int),
 					    GFP_KERNEL);
 		if (!rx_pool->free_map) {
 			dev_err(dev, "Couldn't alloc free_map %d\n", i);
-			release_rx_pools(adapter);
-			return -1;
+			goto out_release;
 		}
 
 		rx_pool->rx_buff = kcalloc(rx_pool->size,
@@ -661,25 +681,58 @@ static int init_rx_pools(struct net_device *netdev)
 					   GFP_KERNEL);
 		if (!rx_pool->rx_buff) {
 			dev_err(dev, "Couldn't alloc rx buffers\n");
-			release_rx_pools(adapter);
-			return -1;
+			goto out_release;
 		}
+	}
+
+	adapter->prev_rx_pool_size = pool_size;
+	adapter->prev_rx_buf_sz = adapter->cur_rx_buf_sz;
+
+update_ltb:
+	for (i = 0; i < num_pools; i++) {
+		rx_pool = &adapter->rx_pool[i];
+		dev_dbg(dev, "Updating LTB for rx pool %d [%d, %d]\n",
+			i, rx_pool->size, rx_pool->buff_size);
 
 		if (alloc_long_term_buff(adapter, &rx_pool->long_term_buff,
-					 rx_pool->size * rx_pool->buff_size)) {
-			release_rx_pools(adapter);
-			return -1;
-		}
+					 rx_pool->size * rx_pool->buff_size))
+			goto out;
+
+		for (j = 0; j < rx_pool->size; ++j) {
+			struct ibmvnic_rx_buff *rx_buff;
 
-		for (j = 0; j < rx_pool->size; ++j)
 			rx_pool->free_map[j] = j;
 
+			/* NOTE: Don't clear rx_buff->skb here - will leak
+			 * memory! replenish_rx_pool() will reuse skbs or
+			 * allocate as necessary.
+			 */
+			rx_buff = &rx_pool->rx_buff[j];
+			rx_buff->dma = 0;
+			rx_buff->data = 0;
+			rx_buff->size = 0;
+			rx_buff->pool_index = 0;
+		}
+
+		/* Mark pool "empty" so replenish_rx_pools() will
+		 * update the LTB info for each buffer
+		 */
 		atomic_set(&rx_pool->available, 0);
 		rx_pool->next_alloc = 0;
 		rx_pool->next_free = 0;
+		/* replenish_rx_pool() may have called deactivate_rx_pools()
+		 * on failover. Ensure pool is active now.
+		 */
+		rx_pool->active = 1;
 	}
-
 	return 0;
+out_release:
+	release_rx_pools(adapter);
+out:
+	/* We failed to allocate one or more LTBs or map them on the VIOS.
+	 * Hold onto the pools and any LTBs that we did allocate/map.
+	 */
+	return -1;
 }
 
 static int reset_one_tx_pool(struct ibmvnic_adapter *adapter,
@@ -1053,7 +1106,6 @@ static void release_resources(struct ibmvnic_adapter *adapter)
 	release_vpd_data(adapter);
 
 	release_tx_pools(adapter);
-	release_rx_pools(adapter);
 
 	release_napi(adapter);
 	release_login_buffer(adapter);
@@ -1326,6 +1378,7 @@ static int ibmvnic_open(struct net_device *netdev)
 		if (rc) {
 			netdev_err(netdev, "failed to initialize resources\n");
 			release_resources(adapter);
+			release_rx_pools(adapter);
 			goto out;
 		}
 	}
@@ -1455,7 +1508,6 @@ static void ibmvnic_cleanup(struct net_device *netdev)
 	ibmvnic_napi_disable(adapter);
 	ibmvnic_disable_irqs(adapter);
 
-	clean_rx_pools(adapter);
 	clean_tx_pools(adapter);
 }
 
@@ -1490,6 +1542,7 @@ static int ibmvnic_close(struct net_device *netdev)
 
 	rc = __ibmvnic_close(netdev);
 	ibmvnic_cleanup(netdev);
+	clean_rx_pools(adapter);
 
 	return rc;
 }
@@ -2218,7 +2271,6 @@ static int do_reset(struct ibmvnic_adapter *adapter,
 		    !adapter->rx_pool ||
 		    !adapter->tso_pool ||
 		    !adapter->tx_pool) {
-			release_rx_pools(adapter);
 			release_tx_pools(adapter);
 			release_napi(adapter);
 			release_vpd_data(adapter);
@@ -2235,9 +2287,10 @@ static int do_reset(struct ibmvnic_adapter *adapter,
 				goto out;
 			}
 
-			rc = reset_rx_pools(adapter);
+			rc = init_rx_pools(netdev);
 			if (rc) {
-				netdev_dbg(adapter->netdev, "reset rx pools failed (%d)\n",
+				netdev_dbg(netdev,
+					   "init rx pools failed (%d)\n",
 					   rc);
 				goto out;
 			}
@@ -5573,6 +5626,7 @@ static int ibmvnic_probe(struct vio_dev *dev, const struct vio_device_id *id)
 	init_completion(&adapter->reset_done);
 	init_completion(&adapter->stats_done);
 	clear_bit(0, &adapter->resetting);
+	adapter->prev_rx_buf_sz = 0;
 
 	init_success = false;
 	do {
@@ -5673,6 +5727,7 @@ static void ibmvnic_remove(struct vio_dev *dev)
 	unregister_netdevice(netdev);
 
 	release_resources(adapter);
+	release_rx_pools(adapter);
 	release_sub_crqs(adapter, 1);
 	release_crq_queue(adapter);
 
diff --git a/drivers/net/ethernet/ibm/ibmvnic.h b/drivers/net/ethernet/ibm/ibmvnic.h
index e97f1aa98c05..b73a1b812368 100644
--- a/drivers/net/ethernet/ibm/ibmvnic.h
+++ b/drivers/net/ethernet/ibm/ibmvnic.h
@@ -986,7 +986,10 @@ struct ibmvnic_adapter {
 	u32 num_active_rx_napi;
 	u32 num_active_tx_scrqs;
 	u32 num_active_tx_pools;
+
+	u32 prev_rx_pool_size;
 	u32 cur_rx_buf_sz;
+	u32 prev_rx_buf_sz;
 
 	struct tasklet_struct tasklet;
 	enum vnic_state state;
