diff --git a/llvm/lib/Target/AArch64/AArch64ISelLowering.cpp b/llvm/lib/Target/AArch64/AArch64ISelLowering.cpp
--- a/llvm/lib/Target/AArch64/AArch64ISelLowering.cpp
+++ b/llvm/lib/Target/AArch64/AArch64ISelLowering.cpp
@@ -1180,6 +1180,13 @@
 
     for (auto VT : {MVT::nxv2f16, MVT::nxv4f16, MVT::nxv8f16, MVT::nxv2f32,
                     MVT::nxv4f32, MVT::nxv2f64}) {
+      for (auto InnerVT : {MVT::nxv2f16, MVT::nxv4f16, MVT::nxv8f16,
+                           MVT::nxv2f32, MVT::nxv4f32, MVT::nxv2f64}) {
+        // Avoid marking truncating FP stores as legal to prevent the
+        // DAGCombiner from creating unsupported truncating stores.
+        setTruncStoreAction(VT, InnerVT, Expand);
+      }
+
       setOperationAction(ISD::CONCAT_VECTORS, VT, Custom);
       setOperationAction(ISD::INSERT_SUBVECTOR, VT, Custom);
       setOperationAction(ISD::MGATHER, VT, Custom);
diff --git a/llvm/test/CodeGen/AArch64/sve-fptrunc-store.ll b/llvm/test/CodeGen/AArch64/sve-fptrunc-store.ll
new file mode 100644
--- /dev/null
+++ b/llvm/test/CodeGen/AArch64/sve-fptrunc-store.ll
@@ -0,0 +1,62 @@
+; NOTE: Assertions have been autogenerated by utils/update_llc_test_checks.py
+; RUN: llc -mtriple=aarch64--linux-gnu -mattr=+sve < %s | FileCheck %s
+
+define void @fptrunc2_f64_f32(<vscale x 2 x float> *%dst, <vscale x 2 x double> *%src) {
+; CHECK-LABEL: fptrunc2_f64_f32:
+; CHECK:       // %bb.0: // %entry
+; CHECK-NEXT:    ptrue p0.d
+; CHECK-NEXT:    ld1d { z0.d }, p0/z, [x1]
+; CHECK-NEXT:    fcvt z0.s, p0/m, z0.d
+; CHECK-NEXT:    st1w { z0.d }, p0, [x0]
+; CHECK-NEXT:    ret
+entry:
+  %0 = load <vscale x 2 x double>, <vscale x 2 x double>* %src, align 8
+  %1 = fptrunc <vscale x 2 x double> %0 to <vscale x 2 x float>
+  store <vscale x 2 x float> %1, <vscale x 2 x float>* %dst, align 4
+  ret void
+}
+
+define void @fptrunc2_f64_f16(<vscale x 2 x half> *%dst, <vscale x 2 x double> *%src) {
+; CHECK-LABEL: fptrunc2_f64_f16:
+; CHECK:       // %bb.0: // %entry
+; CHECK-NEXT:    ptrue p0.d
+; CHECK-NEXT:    ld1d { z0.d }, p0/z, [x1]
+; CHECK-NEXT:    fcvt z0.h, p0/m, z0.d
+; CHECK-NEXT:    st1h { z0.d }, p0, [x0]
+; CHECK-NEXT:    ret
+entry:
+  %0 = load <vscale x 2 x double>, <vscale x 2 x double>* %src, align 8
+  %1 = fptrunc <vscale x 2 x double> %0 to <vscale x 2 x half>
+  store <vscale x 2 x half> %1, <vscale x 2 x half>* %dst, align 2
+  ret void
+}
+
+define void @fptrunc4_f32_f16(<vscale x 4 x half> *%dst, <vscale x 4 x float> *%src) {
+; CHECK-LABEL: fptrunc4_f32_f16:
+; CHECK:       // %bb.0: // %entry
+; CHECK-NEXT:    ptrue p0.s
+; CHECK-NEXT:    ld1w { z0.s }, p0/z, [x1]
+; CHECK-NEXT:    fcvt z0.h, p0/m, z0.s
+; CHECK-NEXT:    st1h { z0.s }, p0, [x0]
+; CHECK-NEXT:    ret
+entry:
+  %0 = load <vscale x 4 x float>, <vscale x 4 x float>* %src, align 8
+  %1 = fptrunc <vscale x 4 x float> %0 to <vscale x 4 x half>
+  store <vscale x 4 x half> %1, <vscale x 4 x half>* %dst, align 2
+  ret void
+}
+
+define void @fptrunc2_f32_f16(<vscale x 2 x half> *%dst, <vscale x 2 x float> *%src) {
+; CHECK-LABEL: fptrunc2_f32_f16:
+; CHECK:       // %bb.0: // %entry
+; CHECK-NEXT:    ptrue p0.d
+; CHECK-NEXT:    ld1w { z0.d }, p0/z, [x1]
+; CHECK-NEXT:    fcvt z0.h, p0/m, z0.s
+; CHECK-NEXT:    st1h { z0.d }, p0, [x0]
+; CHECK-NEXT:    ret
+entry:
+  %0 = load <vscale x 2 x float>, <vscale x 2 x float>* %src, align 8
+  %1 = fptrunc <vscale x 2 x float> %0 to <vscale x 2 x half>
+  store <vscale x 2 x half> %1, <vscale x 2 x half>* %dst, align 2
+  ret void
+}