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
@@ -14364,7 +14364,46 @@
   }
 }
 
-static SDValue performExtractVectorEltCombine(SDNode *N, SelectionDAG &DAG) {
+static SDValue getPTest(SelectionDAG &DAG, EVT VT, SDValue Pg, SDValue Op,
+                        AArch64CC::CondCode Cond);
+
+// Materialize : i1 = extract_vector_elt t37, Constant:i64<0>
+// ... into: "ptrue p, all" + PTEST
+static SDValue
+performFirstTrueTestVectorCombine(SDNode *N,
+                                  TargetLowering::DAGCombinerInfo &DCI,
+                                  const AArch64Subtarget *Subtarget) {
+  assert(N->getOpcode() == ISD::EXTRACT_VECTOR_ELT);
+  // Make sure PTEST can be legalised with illegal types.
+  if (!Subtarget->hasSVE() || DCI.isBeforeLegalize())
+    return SDValue();
+
+  SDValue SetCC = N->getOperand(0);
+  EVT VT = SetCC.getValueType();
+
+  if (!VT.isScalableVector() || VT.getVectorElementType() != MVT::i1)
+    return SDValue();
+
+  // Restricted the DAG combine to only cases where we're extracting from a
+  // flag-setting operation
+  auto *Idx = dyn_cast<ConstantSDNode>(N->getOperand(1));
+  if (!Idx || !Idx->isZero() || SetCC.getOpcode() != ISD::SETCC)
+    return SDValue();
+
+  // Extracts of lane 0 for SVE can be expressed as PTEST(Op, FIRST) ? 1 : 0
+  SelectionDAG &DAG = DCI.DAG;
+  SDValue Pg = getPTrue(DAG, SDLoc(N), VT, AArch64SVEPredPattern::all);
+  return getPTest(DAG, N->getValueType(0), Pg, SetCC, AArch64CC::FIRST_ACTIVE);
+}
+
+static SDValue
+performExtractVectorEltCombine(SDNode *N, TargetLowering::DAGCombinerInfo &DCI,
+                               const AArch64Subtarget *Subtarget) {
+  assert(N->getOpcode() == ISD::EXTRACT_VECTOR_ELT);
+  if (SDValue Res = performFirstTrueTestVectorCombine(N, DCI, Subtarget))
+    return Res;
+
+  SelectionDAG &DAG = DCI.DAG;
   SDValue N0 = N->getOperand(0), N1 = N->getOperand(1);
   ConstantSDNode *ConstantN1 = dyn_cast<ConstantSDNode>(N1);
 
@@ -18356,7 +18395,7 @@
   case ISD::INSERT_VECTOR_ELT:
     return performInsertVectorEltCombine(N, DCI);
   case ISD::EXTRACT_VECTOR_ELT:
-    return performExtractVectorEltCombine(N, DAG);
+    return performExtractVectorEltCombine(N, DCI, Subtarget);
   case ISD::VECREDUCE_ADD:
     return performVecReduceAddCombine(N, DCI.DAG, Subtarget);
   case AArch64ISD::UADDV:
diff --git a/llvm/test/CodeGen/AArch64/sve-cmp-folds.ll b/llvm/test/CodeGen/AArch64/sve-cmp-folds.ll
--- a/llvm/test/CodeGen/AArch64/sve-cmp-folds.ll
+++ b/llvm/test/CodeGen/AArch64/sve-cmp-folds.ll
@@ -52,3 +52,17 @@
   %not = xor <vscale x 4 x i1> %icmp, %ones
   ret <vscale x 4 x i1> %not
 }
+
+define i1 @foo(<vscale x 4 x float> %a, <vscale x 4 x float> %b) {
+; CHECK-LABEL: foo:
+; CHECK:       // %bb.0:
+; CHECK-NEXT:    ptrue p0.s
+; CHECK-NEXT:    fcmeq p1.s, p0/z, z0.s, z1.s
+; CHECK-NEXT:    ptest p0, p1.b
+; CHECK-NEXT:    cset w0, mi
+; CHECK-NEXT:    ret
+  %vcond = fcmp oeq <vscale x 4 x float> %a, %b
+  %bit = extractelement <vscale x 4 x i1> %vcond, i64 0
+  ret i1 %bit
+}
+