diff --git a/drivers/leds/leds-lp55xx-common.c b/drivers/leds/leds-lp55xx-common.c
index 3d79a6380761..723f2f17497a 100644
--- a/drivers/leds/leds-lp55xx-common.c
+++ b/drivers/leds/leds-lp55xx-common.c
@@ -201,7 +201,7 @@ static void lp55xx_firmware_loaded(const struct firmware *fw, void *context)
 
 	if (!fw) {
 		dev_err(dev, "firmware request failed\n");
-		goto out;
+		return;
 	}
 
 	/* handling firmware data is chip dependent */
@@ -214,9 +214,9 @@ static void lp55xx_firmware_loaded(const struct firmware *fw, void *context)
 
 	mutex_unlock(&chip->lock);
 
-out:
 	/* firmware should be released for other channel use */
 	release_firmware(chip->fw);
+	chip->fw = NULL;
 }
 
 static int lp55xx_request_firmware(struct lp55xx_chip *chip)