diff --git a/include/linux/printk.h b/include/linux/printk.h
index 866683a293af..2aa7c302d616 100644
--- a/include/linux/printk.h
+++ b/include/linux/printk.h
@@ -195,6 +195,7 @@ void show_regs_print_info(const char *log_lvl);
 extern asmlinkage void dump_stack_lvl(const char *log_lvl) __cold;
 extern asmlinkage void dump_stack(void) __cold;
 void printk_trigger_flush(void);
+void printk_legacy_allow_panic_sync(void);
 extern void nbcon_driver_acquire(struct console *con);
 extern void nbcon_driver_release(struct console *con);
 void nbcon_atomic_flush_unsafe(void);
@@ -278,6 +279,10 @@ static inline void printk_trigger_flush(void)
 {
 }
 
+static inline void printk_legacy_allow_panic_sync(void)
+{
+}
+
 static inline void nbcon_driver_acquire(struct console *con)
 {
 }
diff --git a/kernel/panic.c b/kernel/panic.c
index c039f8e1ddae..de8115c829cf 100644
--- a/kernel/panic.c
+++ b/kernel/panic.c
@@ -364,6 +364,8 @@ void panic(const char *fmt, ...)
 
 	panic_other_cpus_shutdown(_crash_kexec_post_notifiers);
 
+	printk_legacy_allow_panic_sync();
+
 	/*
 	 * Run any panic handlers, including those that might need to
 	 * add information to the kmsg dump output.
diff --git a/kernel/printk/printk.c b/kernel/printk/printk.c
index 76fd6d08e3df..5e887edfbaa5 100644
--- a/kernel/printk/printk.c
+++ b/kernel/printk/printk.c
@@ -471,7 +471,9 @@ static DEFINE_MUTEX(syslog_lock);
 static bool have_legacy_console;
 
 /*
- * Specifies if an nbcon console is registered.
+ * Specifies if an nbcon console is registered. If nbcon consoles are present,
+ * synchronous printing of legacy consoles will not occur during panic until
+ * the backtrace has been stored to the ringbuffer.
  */
 static bool have_nbcon_console;
 
@@ -2341,12 +2343,29 @@ out:
 	return ret;
 }
 
+static bool legacy_allow_panic_sync;
+
+/*
+ * This acts as a one-way switch to allow legacy consoles to print from
+ * the printk() caller context on a panic CPU. It also attempts to flush
+ * the legacy consoles in this context.
+ */
+void printk_legacy_allow_panic_sync(void)
+{
+	legacy_allow_panic_sync = true;
+
+	if (printing_via_unlock && !in_nmi()) {
+		if (console_trylock())
+			console_unlock();
+	}
+}
+
 asmlinkage int vprintk_emit(int facility, int level,
 			    const struct dev_printk_info *dev_info,
 			    const char *fmt, va_list args)
 {
+	bool do_trylock_unlock = printing_via_unlock;
 	int printed_len;
-	bool in_sched = false;
 
 	/* Suppress unimportant messages after panic happens */
 	if (unlikely(suppress_printk))
@@ -2362,15 +2381,42 @@ asmlinkage int vprintk_emit(int facility, int level,
 
 	if (level == LOGLEVEL_SCHED) {
 		level = LOGLEVEL_DEFAULT;
-		in_sched = true;
+		/* If called from the scheduler, we can not call up(). */
+		do_trylock_unlock = false;
 	}
 
 	printk_delay(level);
 
 	printed_len = vprintk_store(facility, level, dev_info, fmt, args);
 
-	/* If called from the scheduler, we can not call up(). */
-	if (!in_sched && printing_via_unlock) {
+	if (have_nbcon_console && !have_boot_console) {
+		bool is_panic_context = this_cpu_in_panic();
+
+		/*
+		 * In panic, the legacy consoles are not allowed to print from
+		 * the printk calling context unless explicitly allowed. This
+		 * gives the safe nbcon consoles a chance to print out all the
+		 * panic messages first. This restriction only applies if
+		 * there are nbcon consoles registered.
+		 */
+		if (is_panic_context)
+			do_trylock_unlock &= legacy_allow_panic_sync;
+
+		/*
+		 * There are situations where nbcon atomic printing should
+		 * happen in the printk() caller context:
+		 *
+		 * - When this CPU is in panic.
+		 *
+		 * Note that if boot consoles are registered, the console
+		 * lock/unlock dance must be relied upon instead because nbcon
+		 * consoles cannot print simultaneously with boot consoles.
+		 */
+		if (is_panic_context)
+			nbcon_atomic_flush_pending();
+	}
+
+	if (do_trylock_unlock) {
 		/*
 		 * The caller may be holding system-critical or
 		 * timing-sensitive locks. Disable preemption during
@@ -2390,10 +2436,10 @@ asmlinkage int vprintk_emit(int facility, int level,
 		preempt_enable();
 	}
 
-	if (in_sched)
-		defer_console_output();
-	else
+	if (do_trylock_unlock)
 		wake_up_klogd();
+	else
+		defer_console_output();
 
 	return printed_len;
 }