diff --git a/gcc/ifcvt.c b/gcc/ifcvt.c
index 539887c1831..9a3e4539fb7 100644
--- a/gcc/ifcvt.c
+++ b/gcc/ifcvt.c
@@ -3064,6 +3064,12 @@ bb_valid_for_noce_process_p (basic_block test_bb, rtx cond,
 
   if (!insn_valid_noce_process_p (last_insn, cc))
     return false;
+
+  /* Punt on blocks ending with asm goto or jumps with other side-effects,
+     last_active_insn ignores JUMP_INSNs.  */
+  if (JUMP_P (BB_END (test_bb)) && !onlyjump_p (BB_END (test_bb)))
+    return false;
+
   last_set = single_set (last_insn);
 
   rtx x = SET_DEST (last_set);
diff --git a/gcc/testsuite/gcc.target/i386/pr103908.c b/gcc/testsuite/gcc.target/i386/pr103908.c
new file mode 100644
index 00000000000..7c57e1ddf6a
--- /dev/null
+++ b/gcc/testsuite/gcc.target/i386/pr103908.c
@@ -0,0 +1,24 @@
+/* PR rtl-optimization/103908 */
+/* { dg-do compile } */
+/* { dg-options "-O1 -fdisable-tree-cselim -fno-tree-sink" } */
+/* { dg-final { scan-assembler "# insn 1" } } */
+/* { dg-final { scan-assembler "# insn 2" } } */
+
+int a, b;
+
+void
+foo (void)
+{
+  if (a)
+    {
+      b = 1;
+      asm goto ("# insn 1" : : : : lab1);
+    lab1:;
+    }
+  else
+    {
+      b = 1;
+      asm goto ("# insn 2" : : : : lab2);
+    lab2:;
+    }
+}