diff --git a/llvm/lib/Transforms/InstCombine/InstCombineVectorOps.cpp b/llvm/lib/Transforms/InstCombine/InstCombineVectorOps.cpp
--- a/llvm/lib/Transforms/InstCombine/InstCombineVectorOps.cpp
+++ b/llvm/lib/Transforms/InstCombine/InstCombineVectorOps.cpp
@@ -191,8 +191,7 @@
 
   // If we are casting an integer to vector and extracting a portion, that is
   // a shift-right and truncate.
-  // TODO: Allow FP dest type by casting the trunc to FP?
-  if (X->getType()->isIntegerTy() && DestTy->isIntegerTy() &&
+  if (X->getType()->isIntegerTy() &&
       isDesirableIntType(X->getType()->getPrimitiveSizeInBits())) {
     assert(isa<FixedVectorType>(Ext.getVectorOperand()->getType()) &&
            "Expected fixed vector type for bitcast from scalar integer");
@@ -205,6 +204,12 @@
     unsigned ShiftAmountC = ExtIndexC * DestTy->getPrimitiveSizeInBits();
     if (!ShiftAmountC || Ext.getVectorOperand()->hasOneUse()) {
       Value *Lshr = Builder.CreateLShr(X, ShiftAmountC, "extelt.offset");
+      if (DestTy->isFloatingPointTy()) {
+        Type *DstIntTy = IntegerType::getIntNTy(
+            Lshr->getContext(), DestTy->getPrimitiveSizeInBits());
+        Value *Trunc = Builder.CreateTrunc(Lshr, DstIntTy);
+        return new BitCastInst(Trunc, DestTy);
+      }
       return new TruncInst(Lshr, DestTy);
     }
   }
diff --git a/llvm/test/Transforms/InstCombine/extractelement.ll b/llvm/test/Transforms/InstCombine/extractelement.ll
--- a/llvm/test/Transforms/InstCombine/extractelement.ll
+++ b/llvm/test/Transforms/InstCombine/extractelement.ll
@@ -407,19 +407,212 @@
   ret i8 %r
 }
 
-; negative test - can't have FP dest type without a cast
-
-define half @bitcast_fpvec_index0(i32 %x) {
-; ANY-LABEL: @bitcast_fpvec_index0(
-; ANY-NEXT:    [[V:%.*]] = bitcast i32 [[X:%.*]] to <2 x half>
-; ANY-NEXT:    [[R:%.*]] = extractelement <2 x half> [[V]], i64 0
-; ANY-NEXT:    ret half [[R]]
+define half @bitcast_fp16vec_index0(i32 %x) {
+; LE-LABEL: @bitcast_fp16vec_index0(
+; LE-NEXT:    [[TMP1:%.*]] = trunc i32 [[X:%.*]] to i16
+; LE-NEXT:    [[R:%.*]] = bitcast i16 [[TMP1]] to half
+; LE-NEXT:    ret half [[R]]
+;
+; BE-LABEL: @bitcast_fp16vec_index0(
+; BE-NEXT:    [[EXTELT_OFFSET:%.*]] = lshr i32 [[X:%.*]], 16
+; BE-NEXT:    [[TMP1:%.*]] = trunc i32 [[EXTELT_OFFSET]] to i16
+; BE-NEXT:    [[R:%.*]] = bitcast i16 [[TMP1]] to half
+; BE-NEXT:    ret half [[R]]
 ;
   %v = bitcast i32 %x to <2 x half>
   %r = extractelement <2 x half> %v, i8 0
   ret half %r
 }
 
+define half @bitcast_fp16vec_index1(i32 %x) {
+; LE-LABEL: @bitcast_fp16vec_index1(
+; LE-NEXT:    [[EXTELT_OFFSET:%.*]] = lshr i32 [[X:%.*]], 16
+; LE-NEXT:    [[TMP1:%.*]] = trunc i32 [[EXTELT_OFFSET]] to i16
+; LE-NEXT:    [[R:%.*]] = bitcast i16 [[TMP1]] to half
+; LE-NEXT:    ret half [[R]]
+;
+; BE-LABEL: @bitcast_fp16vec_index1(
+; BE-NEXT:    [[TMP1:%.*]] = trunc i32 [[X:%.*]] to i16
+; BE-NEXT:    [[R:%.*]] = bitcast i16 [[TMP1]] to half
+; BE-NEXT:    ret half [[R]]
+;
+  %v = bitcast i32 %x to <2 x half>
+  %r = extractelement <2 x half> %v, i8 1
+  ret half %r
+}
+
+define bfloat @bitcast_bfp16vec_index0(i32 %x) {
+; LE-LABEL: @bitcast_bfp16vec_index0(
+; LE-NEXT:    [[TMP1:%.*]] = trunc i32 [[X:%.*]] to i16
+; LE-NEXT:    [[R:%.*]] = bitcast i16 [[TMP1]] to bfloat
+; LE-NEXT:    ret bfloat [[R]]
+;
+; BE-LABEL: @bitcast_bfp16vec_index0(
+; BE-NEXT:    [[EXTELT_OFFSET:%.*]] = lshr i32 [[X:%.*]], 16
+; BE-NEXT:    [[TMP1:%.*]] = trunc i32 [[EXTELT_OFFSET]] to i16
+; BE-NEXT:    [[R:%.*]] = bitcast i16 [[TMP1]] to bfloat
+; BE-NEXT:    ret bfloat [[R]]
+;
+  %v = bitcast i32 %x to <2 x bfloat>
+  %r = extractelement <2 x bfloat> %v, i8 0
+  ret bfloat %r
+}
+
+define bfloat @bitcast_bfp16vec_index1(i32 %x) {
+; LE-LABEL: @bitcast_bfp16vec_index1(
+; LE-NEXT:    [[EXTELT_OFFSET:%.*]] = lshr i32 [[X:%.*]], 16
+; LE-NEXT:    [[TMP1:%.*]] = trunc i32 [[EXTELT_OFFSET]] to i16
+; LE-NEXT:    [[R:%.*]] = bitcast i16 [[TMP1]] to bfloat
+; LE-NEXT:    ret bfloat [[R]]
+;
+; BE-LABEL: @bitcast_bfp16vec_index1(
+; BE-NEXT:    [[TMP1:%.*]] = trunc i32 [[X:%.*]] to i16
+; BE-NEXT:    [[R:%.*]] = bitcast i16 [[TMP1]] to bfloat
+; BE-NEXT:    ret bfloat [[R]]
+;
+  %v = bitcast i32 %x to <2 x bfloat>
+  %r = extractelement <2 x bfloat> %v, i8 1
+  ret bfloat %r
+}
+
+define float @bitcast_fp32vec_index0(i64 %x) {
+; LE-LABEL: @bitcast_fp32vec_index0(
+; LE-NEXT:    [[TMP1:%.*]] = trunc i64 [[X:%.*]] to i32
+; LE-NEXT:    [[R:%.*]] = bitcast i32 [[TMP1]] to float
+; LE-NEXT:    ret float [[R]]
+;
+; BE-LABEL: @bitcast_fp32vec_index0(
+; BE-NEXT:    [[EXTELT_OFFSET:%.*]] = lshr i64 [[X:%.*]], 32
+; BE-NEXT:    [[TMP1:%.*]] = trunc i64 [[EXTELT_OFFSET]] to i32
+; BE-NEXT:    [[R:%.*]] = bitcast i32 [[TMP1]] to float
+; BE-NEXT:    ret float [[R]]
+;
+  %v = bitcast i64 %x to <2 x float>
+  %r = extractelement <2 x float> %v, i8 0
+  ret float %r
+}
+
+define float @bitcast_fp32vec_index1(i64 %x) {
+; LE-LABEL: @bitcast_fp32vec_index1(
+; LE-NEXT:    [[EXTELT_OFFSET:%.*]] = lshr i64 [[X:%.*]], 32
+; LE-NEXT:    [[TMP1:%.*]] = trunc i64 [[EXTELT_OFFSET]] to i32
+; LE-NEXT:    [[R:%.*]] = bitcast i32 [[TMP1]] to float
+; LE-NEXT:    ret float [[R]]
+;
+; BE-LABEL: @bitcast_fp32vec_index1(
+; BE-NEXT:    [[TMP1:%.*]] = trunc i64 [[X:%.*]] to i32
+; BE-NEXT:    [[R:%.*]] = bitcast i32 [[TMP1]] to float
+; BE-NEXT:    ret float [[R]]
+;
+  %v = bitcast i64 %x to <2 x float>
+  %r = extractelement <2 x float> %v, i8 1
+  ret float %r
+}
+
+; negative test - only support the width <= 32
+
+define double @bitcast_fp64vec_index0(i128 %x) {
+; ANY-LABEL: @bitcast_fp64vec_index0(
+; ANY-NEXT:    [[V:%.*]] = bitcast i128 [[X:%.*]] to <2 x double>
+; ANY-NEXT:    [[R:%.*]] = extractelement <2 x double> [[V]], i64 0
+; ANY-NEXT:    ret double [[R]]
+;
+  %v = bitcast i128 %x to <2 x double>
+  %r = extractelement <2 x double> %v, i8 0
+  ret double %r
+}
+
+; negative test - only support the width <= 32
+
+define double @bitcast_fp64vec_index1(i128 %x) {
+; ANY-LABEL: @bitcast_fp64vec_index1(
+; ANY-NEXT:    [[V:%.*]] = bitcast i128 [[X:%.*]] to <2 x double>
+; ANY-NEXT:    [[R:%.*]] = extractelement <2 x double> [[V]], i64 1
+; ANY-NEXT:    ret double [[R]]
+;
+  %v = bitcast i128 %x to <2 x double>
+  %r = extractelement <2 x double> %v, i8 1
+  ret double %r
+}
+
+; negative test - only support the width <= 32
+
+define x86_fp80 @bitcast_x86fp80vec_index0(i160 %x) {
+; ANY-LABEL: @bitcast_x86fp80vec_index0(
+; ANY-NEXT:    [[V:%.*]] = bitcast i160 [[X:%.*]] to <2 x x86_fp80>
+; ANY-NEXT:    [[R:%.*]] = extractelement <2 x x86_fp80> [[V]], i64 0
+; ANY-NEXT:    ret x86_fp80 [[R]]
+;
+  %v = bitcast i160 %x to <2 x x86_fp80>
+  %r = extractelement <2 x x86_fp80> %v, i8 0
+  ret x86_fp80 %r
+}
+
+; negative test - only support the width <= 32
+
+define x86_fp80 @bitcast_x86fp80vec_index1(i160 %x) {
+; ANY-LABEL: @bitcast_x86fp80vec_index1(
+; ANY-NEXT:    [[V:%.*]] = bitcast i160 [[X:%.*]] to <2 x x86_fp80>
+; ANY-NEXT:    [[R:%.*]] = extractelement <2 x x86_fp80> [[V]], i64 1
+; ANY-NEXT:    ret x86_fp80 [[R]]
+;
+  %v = bitcast i160 %x to <2 x x86_fp80>
+  %r = extractelement <2 x x86_fp80> %v, i8 1
+  ret x86_fp80 %r
+}
+
+; negative test - only support the width <= 32
+
+define fp128 @bitcast_fp128vec_index0(i256 %x) {
+; ANY-LABEL: @bitcast_fp128vec_index0(
+; ANY-NEXT:    [[V:%.*]] = bitcast i256 [[X:%.*]] to <2 x fp128>
+; ANY-NEXT:    [[R:%.*]] = extractelement <2 x fp128> [[V]], i64 0
+; ANY-NEXT:    ret fp128 [[R]]
+;
+  %v = bitcast i256 %x to <2 x fp128>
+  %r = extractelement <2 x fp128> %v, i8 0
+  ret fp128 %r
+}
+
+; negative test - only support the width <= 32
+
+define fp128 @bitcast_fp128vec_index1(i256 %x) {
+; ANY-LABEL: @bitcast_fp128vec_index1(
+; ANY-NEXT:    [[V:%.*]] = bitcast i256 [[X:%.*]] to <2 x fp128>
+; ANY-NEXT:    [[R:%.*]] = extractelement <2 x fp128> [[V]], i64 1
+; ANY-NEXT:    ret fp128 [[R]]
+;
+  %v = bitcast i256 %x to <2 x fp128>
+  %r = extractelement <2 x fp128> %v, i8 1
+  ret fp128 %r
+}
+
+; negative test - only support the width <= 32
+
+define ppc_fp128 @bitcast_ppcfp128vec_index0(i256 %x) {
+; ANY-LABEL: @bitcast_ppcfp128vec_index0(
+; ANY-NEXT:    [[V:%.*]] = bitcast i256 [[X:%.*]] to <2 x ppc_fp128>
+; ANY-NEXT:    [[R:%.*]] = extractelement <2 x ppc_fp128> [[V]], i64 0
+; ANY-NEXT:    ret ppc_fp128 [[R]]
+;
+  %v = bitcast i256 %x to <2 x ppc_fp128>
+  %r = extractelement <2 x ppc_fp128> %v, i8 0
+  ret ppc_fp128 %r
+}
+
+; negative test - only support the width <= 32
+
+define ppc_fp128 @bitcast_ppcfp128vec_index1(i256 %x) {
+; ANY-LABEL: @bitcast_ppcfp128vec_index1(
+; ANY-NEXT:    [[V:%.*]] = bitcast i256 [[X:%.*]] to <2 x ppc_fp128>
+; ANY-NEXT:    [[R:%.*]] = extractelement <2 x ppc_fp128> [[V]], i64 1
+; ANY-NEXT:    ret ppc_fp128 [[R]]
+;
+  %v = bitcast i256 %x to <2 x ppc_fp128>
+  %r = extractelement <2 x ppc_fp128> %v, i8 1
+  ret ppc_fp128 %r
+}
+
 ; negative test - need constant index
 
 define i8 @bitcast_scalar_index_variable(i32 %x, i64 %y) {