Index: lib/CodeGen/SelectionDAG/DAGCombiner.cpp
===================================================================
--- lib/CodeGen/SelectionDAG/DAGCombiner.cpp
+++ lib/CodeGen/SelectionDAG/DAGCombiner.cpp
@@ -9751,6 +9751,52 @@
     }
   }
 
+  // fold (fmul X, (select (fcmp X > 0.0), -1.0, 1.0)) -> (fneg (fabs X))
+  // fold (fmul X, (select (fcmp X > 0.0), 1.0, -1.0)) -> (fabs X)
+  if (Flags.hasNoNaNs() && Flags.hasNoSignedZeros() &&
+      (N0.getOpcode() == ISD::SELECT || N1.getOpcode() == ISD::SELECT) &&
+      TLI.isOperationLegal(ISD::FABS, VT)) {
+    SDValue Select = N0, X = N1;
+    if (Select.getOpcode() != ISD::SELECT)
+      std::swap(Select, X);
+
+    SDValue Cond = Select.getOperand(0);
+    auto TrueOpnd  = dyn_cast<ConstantFPSDNode>(Select.getOperand(1));
+    auto FalseOpnd = dyn_cast<ConstantFPSDNode>(Select.getOperand(2));
+
+    if (TrueOpnd && FalseOpnd &&
+        Cond.getOpcode() == ISD::SETCC && Cond.getOperand(0) == X &&
+        isa<ConstantFPSDNode>(Cond.getOperand(1)) &&
+        cast<ConstantFPSDNode>(Cond.getOperand(1))->isExactlyValue(0.0)) {
+      ISD::CondCode CC = cast<CondCodeSDNode>(Cond.getOperand(2))->get();
+      switch (CC) {
+      default: break;
+      case ISD::SETOLT:
+      case ISD::SETULT:
+      case ISD::SETOLE:
+      case ISD::SETULE:
+      case ISD::SETLT:
+      case ISD::SETLE:
+        std::swap(TrueOpnd, FalseOpnd);
+        // Fall through
+      case ISD::SETOGT:
+      case ISD::SETUGT:
+      case ISD::SETOGE:
+      case ISD::SETUGE:
+      case ISD::SETGT:
+      case ISD::SETGE:
+        if (TrueOpnd->isExactlyValue(-1.0) && FalseOpnd->isExactlyValue(1.0) &&
+            TLI.isOperationLegal(ISD::FNEG, VT))
+          return DAG.getNode(ISD::FNEG, DL, VT,
+                   DAG.getNode(ISD::FABS, DL, VT, X));
+        if (TrueOpnd->isExactlyValue(1.0) && FalseOpnd->isExactlyValue(-1.0))
+          return DAG.getNode(ISD::FABS, DL, VT, X);
+
+        break;
+      }
+    }
+  }
+
   // FMUL -> FMA combines:
   if (SDValue Fused = visitFMULForFMADistributiveCombine(N)) {
     AddToWorklist(Fused.getNode());
Index: test/CodeGen/AMDGPU/fold-fmul-to-neg-abs.ll
===================================================================
--- /dev/null
+++ test/CodeGen/AMDGPU/fold-fmul-to-neg-abs.ll
@@ -0,0 +1,37 @@
+; RUN: llc -march=amdgcn -verify-machineinstrs < %s | FileCheck -check-prefix=GCN %s
+
+; GCN-LABEL: {{^}}fold_mul_neg:
+; GCN: load_dword [[V:v[0-9]+]]
+; GCN: v_or_b32_e32 [[NEG:v[0-9]]], 0x80000000, [[V]]
+; GCN: store_dword [[NEG]]
+
+define amdgpu_kernel void @fold_mul_neg(float addrspace(1)* %arg) {
+  %tid = tail call i32 @llvm.amdgcn.workitem.id.x()
+  %gep = getelementptr inbounds float, float addrspace(1)* %arg, i32 %tid
+  %v = load float, float addrspace(1)* %gep, align 4
+  %cmp = fcmp fast ogt float %v, 0.000000e+00
+  %sel = select i1 %cmp, float -1.000000e+00, float 1.000000e+00
+  %mul = fmul fast float %v, %sel
+  store float %mul, float addrspace(1)* %gep, align 4
+  ret void
+}
+
+; GCN-LABEL: {{^}}fold_mul_abs:
+; GCN: load_dword [[V:v[0-9]+]]
+; GCN: v_and_b32_e32 [[ABS:v[0-9]]], 0x7fffffff, [[V]]
+; GCN: store_dword [[ABS]]
+
+define amdgpu_kernel void @fold_mul_abs(float addrspace(1)* %arg) {
+  %tid = tail call i32 @llvm.amdgcn.workitem.id.x()
+  %gep = getelementptr inbounds float, float addrspace(1)* %arg, i32 %tid
+  %v = load float, float addrspace(1)* %gep, align 4
+  %cmp = fcmp fast olt float %v, 0.000000e+00
+  %sel = select i1 %cmp, float -1.000000e+00, float 1.000000e+00
+  %mul = fmul fast float %v, %sel
+  store float %mul, float addrspace(1)* %gep, align 4
+  ret void
+}
+
+declare i32 @llvm.amdgcn.workitem.id.x() #0
+
+attributes #0 = { nounwind readnone speculatable }