Index: llvm/trunk/lib/Transforms/Utils/SimplifyCFG.cpp
===================================================================
--- llvm/trunk/lib/Transforms/Utils/SimplifyCFG.cpp
+++ llvm/trunk/lib/Transforms/Utils/SimplifyCFG.cpp
@@ -90,6 +90,11 @@
     cl::desc("Allow exactly one expensive instruction to be speculatively "
              "executed"));
 
+static cl::opt<unsigned> MaxSpeculationDepth(
+    "max-speculation-depth", cl::Hidden, cl::init(10),
+    cl::desc("Limit maximum recursion depth when calculating costs of "
+             "speculatively executed instructions"));
+
 STATISTIC(NumBitMaps, "Number of switch instructions turned into bitmaps");
 STATISTIC(NumLinearMaps, "Number of switch instructions turned into linear mapping");
 STATISTIC(NumLookupTables, "Number of switch instructions turned into lookup tables");
@@ -269,6 +274,13 @@
                                 unsigned &CostRemaining,
                                 const TargetTransformInfo &TTI,
                                 unsigned Depth = 0) {
+  // It is possible to hit a zero-cost cycle (phi/gep instructions for example),
+  // so limit the recursion depth.
+  // TODO: While this recursion limit does prevent pathological behavior, it
+  // would be better to track visited instructions to avoid cycles.
+  if (Depth == MaxSpeculationDepth)
+    return false;
+
   Instruction *I = dyn_cast<Instruction>(V);
   if (!I) {
     // Non-instructions all dominate instructions, but not all constantexprs
Index: llvm/trunk/test/Transforms/SimplifyCFG/X86/switch_to_lookup_table.ll
===================================================================
--- llvm/trunk/test/Transforms/SimplifyCFG/X86/switch_to_lookup_table.ll
+++ llvm/trunk/test/Transforms/SimplifyCFG/X86/switch_to_lookup_table.ll
@@ -1302,3 +1302,35 @@
 ; CHECK: entry
 ; CHECK-NEXT: switch
 }
+
+; Speculation depth must be limited to avoid a zero-cost instruction cycle.
+
+; CHECK-LABEL: @PR26308(
+; CHECK:       cleanup4:
+; CHECK-NEXT:  br label %cleanup4
+
+define i32 @PR26308(i1 %B, i64 %load) {
+entry:
+  br label %while.body
+
+while.body:
+  br label %cleanup
+
+cleanup:
+  %cleanup.dest.slot.0 = phi i1 [ false, %while.body ]
+  br i1 %cleanup.dest.slot.0, label %for.cond, label %cleanup4
+
+for.cond:
+  %e.0 = phi i64* [ undef, %cleanup ], [ %incdec.ptr, %for.cond2 ]
+  %pi = ptrtoint i64* %e.0 to i64
+  %incdec.ptr = getelementptr inbounds i64, i64* %e.0, i64 1
+  br label %for.cond2
+
+for.cond2:
+  %storemerge = phi i64 [ %pi, %for.cond ], [ %load, %for.cond2 ]
+  br i1 %B, label %for.cond2, label %for.cond
+
+cleanup4:
+  br label %while.body
+}
+