Index: lib/Transforms/Scalar/LICM.cpp
===================================================================
--- lib/Transforms/Scalar/LICM.cpp
+++ lib/Transforms/Scalar/LICM.cpp
@@ -155,7 +155,7 @@
                           &getAnalysis<LoopInfoWrapperPass>().getLoopInfo(),
                           &getAnalysis<DominatorTreeWrapperPass>().getDomTree(),
                           &getAnalysis<TargetLibraryInfoWrapperPass>().getTLI(),
-                          SE ? &SE->getSE() : nullptr, &ORE, false);
+                          SE ? &SE->getSE() : nullptr, &ORE, true);
   }
 
   /// This transformation requires natural loop information & requires that
Index: test/Transforms/LICM/pr32129.ll
===================================================================
--- /dev/null
+++ test/Transforms/LICM/pr32129.ll
@@ -0,0 +1,18 @@
+; RUN: opt -S -licm -loop-unswitch -licm < %s | FileCheck %s
+
+declare void @llvm.experimental.guard(i1, ...)
+
+define void @test() {
+; CHECK-LABEL: @test(
+; CHECK-NOT: guard
+entry:
+  br label %header
+
+header:
+  br label %loop
+
+loop:
+  %0 = icmp ult i32 0, 400
+  call void (i1, ...) @llvm.experimental.guard(i1 %0, i32 9) [ "deopt"() ]
+  br i1 undef, label %header, label %loop
+}