diff --git a/llvm/lib/CodeGen/SelectionDAG/DAGCombiner.cpp b/llvm/lib/CodeGen/SelectionDAG/DAGCombiner.cpp
--- a/llvm/lib/CodeGen/SelectionDAG/DAGCombiner.cpp
+++ b/llvm/lib/CodeGen/SelectionDAG/DAGCombiner.cpp
@@ -19676,8 +19676,11 @@
   // extract.
   SDValue Op0 = Vec.getOperand(0);
   SDValue Op1 = Vec.getOperand(1);
+  APInt SplatVal;
   if (isAnyConstantBuildVector(Op0, true) ||
-      isAnyConstantBuildVector(Op1, true)) {
+      ISD::isConstantSplatVector(Op0.getNode(), SplatVal) ||
+      isAnyConstantBuildVector(Op1, true) ||
+      ISD::isConstantSplatVector(Op1.getNode(), SplatVal)) {
     // extractelt (binop X, C), IndexC --> binop (extractelt X, IndexC), C'
     // extractelt (binop C, X), IndexC --> binop C', (extractelt X, IndexC)
     SDLoc DL(ExtElt);
@@ -19754,6 +19757,9 @@
     // converts.
   }
 
+  if (SDValue BO = scalarizeExtractedBinop(N, DAG, LegalOperations))
+    return BO;
+
   if (VecVT.isScalableVector())
     return SDValue();
 
@@ -19799,9 +19805,6 @@
     }
   }
 
-  if (SDValue BO = scalarizeExtractedBinop(N, DAG, LegalOperations))
-    return BO;
-
   // Transform: (EXTRACT_VECTOR_ELT( VECTOR_SHUFFLE )) -> EXTRACT_VECTOR_ELT.
   // We only perform this optimization before the op legalization phase because
   // we may introduce new vector instructions which are not backed by TD
diff --git a/llvm/test/CodeGen/RISCV/rvv/extractelt-fp-rv32.ll b/llvm/test/CodeGen/RISCV/rvv/extractelt-fp-rv32.ll
--- a/llvm/test/CodeGen/RISCV/rvv/extractelt-fp-rv32.ll
+++ b/llvm/test/CodeGen/RISCV/rvv/extractelt-fp-rv32.ll
@@ -487,11 +487,10 @@
 ; CHECK:       # %bb.0:
 ; CHECK-NEXT:    lui a0, %hi(.LCPI45_0)
 ; CHECK-NEXT:    flw ft0, %lo(.LCPI45_0)(a0)
-; CHECK-NEXT:    vsetvli a0, zero, e32, m2, ta, mu
-; CHECK-NEXT:    vfadd.vf v8, v8, ft0
 ; CHECK-NEXT:    vsetivli zero, 1, e32, m2, ta, mu
 ; CHECK-NEXT:    vslidedown.vi v8, v8, 2
-; CHECK-NEXT:    vfmv.f.s fa0, v8
+; CHECK-NEXT:    vfmv.f.s ft1, v8
+; CHECK-NEXT:    fadd.s fa0, ft1, ft0
 ; CHECK-NEXT:    ret
   %head = insertelement <vscale x 4 x float> poison, float 3.0, i32 0
   %splat = shufflevector <vscale x 4 x float> %head, <vscale x 4 x float> poison, <vscale x 4 x i32> zeroinitializer
@@ -505,11 +504,10 @@
 ; CHECK:       # %bb.0:
 ; CHECK-NEXT:    lui a0, %hi(.LCPI46_0)
 ; CHECK-NEXT:    flw ft0, %lo(.LCPI46_0)(a0)
-; CHECK-NEXT:    vsetvli a0, zero, e32, m2, ta, mu
-; CHECK-NEXT:    vfrsub.vf v8, v8, ft0
 ; CHECK-NEXT:    vsetivli zero, 1, e32, m2, ta, mu
 ; CHECK-NEXT:    vslidedown.vi v8, v8, 1
-; CHECK-NEXT:    vfmv.f.s fa0, v8
+; CHECK-NEXT:    vfmv.f.s ft1, v8
+; CHECK-NEXT:    fsub.s fa0, ft0, ft1
 ; CHECK-NEXT:    ret
   %head = insertelement <vscale x 4 x float> poison, float 3.0, i32 0
   %splat = shufflevector <vscale x 4 x float> %head, <vscale x 4 x float> poison, <vscale x 4 x i32> zeroinitializer
@@ -523,11 +521,10 @@
 ; CHECK:       # %bb.0:
 ; CHECK-NEXT:    lui a0, %hi(.LCPI47_0)
 ; CHECK-NEXT:    flw ft0, %lo(.LCPI47_0)(a0)
-; CHECK-NEXT:    vsetvli a0, zero, e32, m2, ta, mu
-; CHECK-NEXT:    vfmul.vf v8, v8, ft0
 ; CHECK-NEXT:    vsetivli zero, 1, e32, m2, ta, mu
 ; CHECK-NEXT:    vslidedown.vi v8, v8, 3
-; CHECK-NEXT:    vfmv.f.s fa0, v8
+; CHECK-NEXT:    vfmv.f.s ft1, v8
+; CHECK-NEXT:    fmul.s fa0, ft1, ft0
 ; CHECK-NEXT:    ret
   %head = insertelement <vscale x 4 x float> poison, float 3.0, i32 0
   %splat = shufflevector <vscale x 4 x float> %head, <vscale x 4 x float> poison, <vscale x 4 x i32> zeroinitializer
@@ -541,9 +538,9 @@
 ; CHECK:       # %bb.0:
 ; CHECK-NEXT:    lui a0, %hi(.LCPI48_0)
 ; CHECK-NEXT:    flw ft0, %lo(.LCPI48_0)(a0)
-; CHECK-NEXT:    vsetvli a0, zero, e32, m2, ta, mu
-; CHECK-NEXT:    vfdiv.vf v8, v8, ft0
-; CHECK-NEXT:    vfmv.f.s fa0, v8
+; CHECK-NEXT:    vsetivli zero, 0, e32, m2, ta, mu
+; CHECK-NEXT:    vfmv.f.s ft1, v8
+; CHECK-NEXT:    fdiv.s fa0, ft1, ft0
 ; CHECK-NEXT:    ret
   %head = insertelement <vscale x 4 x float> poison, float 3.0, i32 0
   %splat = shufflevector <vscale x 4 x float> %head, <vscale x 4 x float> poison, <vscale x 4 x i32> zeroinitializer
diff --git a/llvm/test/CodeGen/RISCV/rvv/extractelt-fp-rv64.ll b/llvm/test/CodeGen/RISCV/rvv/extractelt-fp-rv64.ll
--- a/llvm/test/CodeGen/RISCV/rvv/extractelt-fp-rv64.ll
+++ b/llvm/test/CodeGen/RISCV/rvv/extractelt-fp-rv64.ll
@@ -516,11 +516,10 @@
 ; CHECK:       # %bb.0:
 ; CHECK-NEXT:    lui a0, %hi(.LCPI47_0)
 ; CHECK-NEXT:    flw ft0, %lo(.LCPI47_0)(a0)
-; CHECK-NEXT:    vsetvli a0, zero, e32, m2, ta, mu
-; CHECK-NEXT:    vfadd.vf v8, v8, ft0
 ; CHECK-NEXT:    vsetivli zero, 1, e32, m2, ta, mu
 ; CHECK-NEXT:    vslidedown.vi v8, v8, 2
-; CHECK-NEXT:    vfmv.f.s fa0, v8
+; CHECK-NEXT:    vfmv.f.s ft1, v8
+; CHECK-NEXT:    fadd.s fa0, ft1, ft0
 ; CHECK-NEXT:    ret
   %head = insertelement <vscale x 4 x float> poison, float 3.0, i32 0
   %splat = shufflevector <vscale x 4 x float> %head, <vscale x 4 x float> poison, <vscale x 4 x i32> zeroinitializer
@@ -534,11 +533,10 @@
 ; CHECK:       # %bb.0:
 ; CHECK-NEXT:    lui a0, %hi(.LCPI48_0)
 ; CHECK-NEXT:    flw ft0, %lo(.LCPI48_0)(a0)
-; CHECK-NEXT:    vsetvli a0, zero, e32, m2, ta, mu
-; CHECK-NEXT:    vfrsub.vf v8, v8, ft0
 ; CHECK-NEXT:    vsetivli zero, 1, e32, m2, ta, mu
 ; CHECK-NEXT:    vslidedown.vi v8, v8, 1
-; CHECK-NEXT:    vfmv.f.s fa0, v8
+; CHECK-NEXT:    vfmv.f.s ft1, v8
+; CHECK-NEXT:    fsub.s fa0, ft0, ft1
 ; CHECK-NEXT:    ret
   %head = insertelement <vscale x 4 x float> poison, float 3.0, i32 0
   %splat = shufflevector <vscale x 4 x float> %head, <vscale x 4 x float> poison, <vscale x 4 x i32> zeroinitializer
@@ -552,11 +550,10 @@
 ; CHECK:       # %bb.0:
 ; CHECK-NEXT:    lui a0, %hi(.LCPI49_0)
 ; CHECK-NEXT:    flw ft0, %lo(.LCPI49_0)(a0)
-; CHECK-NEXT:    vsetvli a0, zero, e32, m2, ta, mu
-; CHECK-NEXT:    vfmul.vf v8, v8, ft0
 ; CHECK-NEXT:    vsetivli zero, 1, e32, m2, ta, mu
 ; CHECK-NEXT:    vslidedown.vi v8, v8, 3
-; CHECK-NEXT:    vfmv.f.s fa0, v8
+; CHECK-NEXT:    vfmv.f.s ft1, v8
+; CHECK-NEXT:    fmul.s fa0, ft1, ft0
 ; CHECK-NEXT:    ret
   %head = insertelement <vscale x 4 x float> poison, float 3.0, i32 0
   %splat = shufflevector <vscale x 4 x float> %head, <vscale x 4 x float> poison, <vscale x 4 x i32> zeroinitializer
@@ -570,9 +567,9 @@
 ; CHECK:       # %bb.0:
 ; CHECK-NEXT:    lui a0, %hi(.LCPI50_0)
 ; CHECK-NEXT:    flw ft0, %lo(.LCPI50_0)(a0)
-; CHECK-NEXT:    vsetvli a0, zero, e32, m2, ta, mu
-; CHECK-NEXT:    vfdiv.vf v8, v8, ft0
-; CHECK-NEXT:    vfmv.f.s fa0, v8
+; CHECK-NEXT:    vsetivli zero, 0, e32, m2, ta, mu
+; CHECK-NEXT:    vfmv.f.s ft1, v8
+; CHECK-NEXT:    fdiv.s fa0, ft1, ft0
 ; CHECK-NEXT:    ret
   %head = insertelement <vscale x 4 x float> poison, float 3.0, i32 0
   %splat = shufflevector <vscale x 4 x float> %head, <vscale x 4 x float> poison, <vscale x 4 x i32> zeroinitializer
diff --git a/llvm/test/CodeGen/RISCV/rvv/extractelt-int-rv32.ll b/llvm/test/CodeGen/RISCV/rvv/extractelt-int-rv32.ll
--- a/llvm/test/CodeGen/RISCV/rvv/extractelt-int-rv32.ll
+++ b/llvm/test/CodeGen/RISCV/rvv/extractelt-int-rv32.ll
@@ -1,6 +1,9 @@
 ; NOTE: Assertions have been autogenerated by utils/update_llc_test_checks.py
 ; RUN: llc -mtriple=riscv32 -mattr=+d,+zfh,+experimental-zvfh,+v -target-abi=ilp32d \
-; RUN:     -verify-machineinstrs < %s | FileCheck %s
+; RUN:     -verify-machineinstrs < %s | FileCheck %s --check-prefixes=CHECK,RV32NOM
+; RUN: llc -mtriple=riscv32 -mattr=+d,+zfh,+experimental-zvfh,+v,+m -target-abi=ilp32d \
+; RUN:     -verify-machineinstrs < %s | FileCheck %s --check-prefixes=CHECK,RV32M
+
 
 define signext i8 @extractelt_nxv1i8_0(<vscale x 1 x i8> %v) {
 ; CHECK-LABEL: extractelt_nxv1i8_0:
@@ -745,11 +748,10 @@
 define i32 @extractelt_add_nxv4i32_splat(<vscale x 4 x i32> %x) {
 ; CHECK-LABEL: extractelt_add_nxv4i32_splat:
 ; CHECK:       # %bb.0:
-; CHECK-NEXT:    vsetvli a0, zero, e32, m2, ta, mu
-; CHECK-NEXT:    vadd.vi v8, v8, 3
 ; CHECK-NEXT:    vsetivli zero, 1, e32, m2, ta, mu
 ; CHECK-NEXT:    vslidedown.vi v8, v8, 2
 ; CHECK-NEXT:    vmv.x.s a0, v8
+; CHECK-NEXT:    addi a0, a0, 3
 ; CHECK-NEXT:    ret
   %head = insertelement <vscale x 4 x i32> poison, i32 3, i32 0
   %splat = shufflevector <vscale x 4 x i32> %head, <vscale x 4 x i32> poison, <vscale x 4 x i32> zeroinitializer
@@ -761,11 +763,11 @@
 define i32 @extractelt_sub_nxv4i32_splat(<vscale x 4 x i32> %x) {
 ; CHECK-LABEL: extractelt_sub_nxv4i32_splat:
 ; CHECK:       # %bb.0:
-; CHECK-NEXT:    vsetvli a0, zero, e32, m2, ta, mu
-; CHECK-NEXT:    vrsub.vi v8, v8, 3
 ; CHECK-NEXT:    vsetivli zero, 1, e32, m2, ta, mu
 ; CHECK-NEXT:    vslidedown.vi v8, v8, 1
 ; CHECK-NEXT:    vmv.x.s a0, v8
+; CHECK-NEXT:    li a1, 3
+; CHECK-NEXT:    sub a0, a1, a0
 ; CHECK-NEXT:    ret
   %head = insertelement <vscale x 4 x i32> poison, i32 3, i32 0
   %splat = shufflevector <vscale x 4 x i32> %head, <vscale x 4 x i32> poison, <vscale x 4 x i32> zeroinitializer
@@ -775,15 +777,24 @@
 }
 
 define i32 @extractelt_mul_nxv4i32_splat(<vscale x 4 x i32> %x) {
-; CHECK-LABEL: extractelt_mul_nxv4i32_splat:
-; CHECK:       # %bb.0:
-; CHECK-NEXT:    li a0, 3
-; CHECK-NEXT:    vsetvli a1, zero, e32, m2, ta, mu
-; CHECK-NEXT:    vmul.vx v8, v8, a0
-; CHECK-NEXT:    vsetivli zero, 1, e32, m2, ta, mu
-; CHECK-NEXT:    vslidedown.vi v8, v8, 3
-; CHECK-NEXT:    vmv.x.s a0, v8
-; CHECK-NEXT:    ret
+; RV32NOM-LABEL: extractelt_mul_nxv4i32_splat:
+; RV32NOM:       # %bb.0:
+; RV32NOM-NEXT:    li a0, 3
+; RV32NOM-NEXT:    vsetvli a1, zero, e32, m2, ta, mu
+; RV32NOM-NEXT:    vmul.vx v8, v8, a0
+; RV32NOM-NEXT:    vsetivli zero, 1, e32, m2, ta, mu
+; RV32NOM-NEXT:    vslidedown.vi v8, v8, 3
+; RV32NOM-NEXT:    vmv.x.s a0, v8
+; RV32NOM-NEXT:    ret
+;
+; RV32M-LABEL: extractelt_mul_nxv4i32_splat:
+; RV32M:       # %bb.0:
+; RV32M-NEXT:    vsetivli zero, 1, e32, m2, ta, mu
+; RV32M-NEXT:    vslidedown.vi v8, v8, 3
+; RV32M-NEXT:    vmv.x.s a0, v8
+; RV32M-NEXT:    slli a1, a0, 1
+; RV32M-NEXT:    add a0, a1, a0
+; RV32M-NEXT:    ret
   %head = insertelement <vscale x 4 x i32> poison, i32 3, i32 0
   %splat = shufflevector <vscale x 4 x i32> %head, <vscale x 4 x i32> poison, <vscale x 4 x i32> zeroinitializer
   %bo = mul <vscale x 4 x i32> %x, %splat
@@ -792,16 +803,27 @@
 }
 
 define i32 @extractelt_sdiv_nxv4i32_splat(<vscale x 4 x i32> %x) {
-; CHECK-LABEL: extractelt_sdiv_nxv4i32_splat:
-; CHECK:       # %bb.0:
-; CHECK-NEXT:    lui a0, 349525
-; CHECK-NEXT:    addi a0, a0, 1366
-; CHECK-NEXT:    vsetvli a1, zero, e32, m2, ta, mu
-; CHECK-NEXT:    vmulh.vx v8, v8, a0
-; CHECK-NEXT:    vsrl.vi v10, v8, 31
-; CHECK-NEXT:    vadd.vv v8, v8, v10
-; CHECK-NEXT:    vmv.x.s a0, v8
-; CHECK-NEXT:    ret
+; RV32NOM-LABEL: extractelt_sdiv_nxv4i32_splat:
+; RV32NOM:       # %bb.0:
+; RV32NOM-NEXT:    lui a0, 349525
+; RV32NOM-NEXT:    addi a0, a0, 1366
+; RV32NOM-NEXT:    vsetvli a1, zero, e32, m2, ta, mu
+; RV32NOM-NEXT:    vmulh.vx v8, v8, a0
+; RV32NOM-NEXT:    vsrl.vi v10, v8, 31
+; RV32NOM-NEXT:    vadd.vv v8, v8, v10
+; RV32NOM-NEXT:    vmv.x.s a0, v8
+; RV32NOM-NEXT:    ret
+;
+; RV32M-LABEL: extractelt_sdiv_nxv4i32_splat:
+; RV32M:       # %bb.0:
+; RV32M-NEXT:    vsetivli zero, 0, e32, m2, ta, mu
+; RV32M-NEXT:    vmv.x.s a0, v8
+; RV32M-NEXT:    lui a1, 349525
+; RV32M-NEXT:    addi a1, a1, 1366
+; RV32M-NEXT:    mulh a0, a0, a1
+; RV32M-NEXT:    srli a1, a0, 31
+; RV32M-NEXT:    add a0, a0, a1
+; RV32M-NEXT:    ret
   %head = insertelement <vscale x 4 x i32> poison, i32 3, i32 0
   %splat = shufflevector <vscale x 4 x i32> %head, <vscale x 4 x i32> poison, <vscale x 4 x i32> zeroinitializer
   %bo = sdiv <vscale x 4 x i32> %x, %splat
@@ -810,16 +832,27 @@
 }
 
 define i32 @extractelt_udiv_nxv4i32_splat(<vscale x 4 x i32> %x) {
-; CHECK-LABEL: extractelt_udiv_nxv4i32_splat:
-; CHECK:       # %bb.0:
-; CHECK-NEXT:    lui a0, 349525
-; CHECK-NEXT:    addi a0, a0, 1366
-; CHECK-NEXT:    vsetvli a1, zero, e32, m2, ta, mu
-; CHECK-NEXT:    vmulh.vx v8, v8, a0
-; CHECK-NEXT:    vsrl.vi v10, v8, 31
-; CHECK-NEXT:    vadd.vv v8, v8, v10
-; CHECK-NEXT:    vmv.x.s a0, v8
-; CHECK-NEXT:    ret
+; RV32NOM-LABEL: extractelt_udiv_nxv4i32_splat:
+; RV32NOM:       # %bb.0:
+; RV32NOM-NEXT:    lui a0, 349525
+; RV32NOM-NEXT:    addi a0, a0, 1366
+; RV32NOM-NEXT:    vsetvli a1, zero, e32, m2, ta, mu
+; RV32NOM-NEXT:    vmulh.vx v8, v8, a0
+; RV32NOM-NEXT:    vsrl.vi v10, v8, 31
+; RV32NOM-NEXT:    vadd.vv v8, v8, v10
+; RV32NOM-NEXT:    vmv.x.s a0, v8
+; RV32NOM-NEXT:    ret
+;
+; RV32M-LABEL: extractelt_udiv_nxv4i32_splat:
+; RV32M:       # %bb.0:
+; RV32M-NEXT:    vsetivli zero, 0, e32, m2, ta, mu
+; RV32M-NEXT:    vmv.x.s a0, v8
+; RV32M-NEXT:    lui a1, 349525
+; RV32M-NEXT:    addi a1, a1, 1366
+; RV32M-NEXT:    mulh a0, a0, a1
+; RV32M-NEXT:    srli a1, a0, 31
+; RV32M-NEXT:    add a0, a0, a1
+; RV32M-NEXT:    ret
   %head = insertelement <vscale x 4 x i32> poison, i32 3, i32 0
   %splat = shufflevector <vscale x 4 x i32> %head, <vscale x 4 x i32> poison, <vscale x 4 x i32> zeroinitializer
   %bo = sdiv <vscale x 4 x i32> %x, %splat