diff --git a/llvm/lib/Target/ARM/ARMTargetTransformInfo.cpp b/llvm/lib/Target/ARM/ARMTargetTransformInfo.cpp
--- a/llvm/lib/Target/ARM/ARMTargetTransformInfo.cpp
+++ b/llvm/lib/Target/ARM/ARMTargetTransformInfo.cpp
@@ -839,12 +839,8 @@
     return Cost;
   }
 
-  if (CostKind != TTI::TCK_RecipThroughput)
-    return BaseT::getCmpSelInstrCost(Opcode, ValTy, CondTy, VecPred, CostKind,
-                                     I);
-
   // On NEON a vector select gets lowered to vbsl.
-  if (ST->hasNEON() && ValTy->isVectorTy() && ISD == ISD::SELECT) {
+  if (ST->hasNEON() && ValTy->isVectorTy() && ISD == ISD::SELECT && CondTy) {
     // Lowering of some vector selects is currently far from perfect.
     static const TypeConversionCostTblEntry NEONVectorSelectTbl[] = {
       { ISD::SELECT, MVT::v4i1, MVT::v4i64, 4*4 + 1*2 + 1 },
@@ -865,9 +861,13 @@
     return LT.first;
   }
 
-  int BaseCost = ST->hasMVEIntegerOps() && ValTy->isVectorTy()
-                     ? ST->getMVEVectorCostFactor()
-                     : 1;
+  // Default to cheap (throughput/size of 1 instruction) but adjust throughput
+  // for "multiple beats" potentially needed by MVE instructions.
+  int BaseCost = 1;
+  if (CostKind != TTI::TCK_CodeSize && ST->hasMVEIntegerOps() &&
+      ValTy->isVectorTy())
+    BaseCost = ST->getMVEVectorCostFactor();
+
   return BaseCost *
          BaseT::getCmpSelInstrCost(Opcode, ValTy, CondTy, VecPred, CostKind, I);
 }
diff --git a/llvm/test/Analysis/CostModel/ARM/intrinsic-cost-kinds.ll b/llvm/test/Analysis/CostModel/ARM/intrinsic-cost-kinds.ll
--- a/llvm/test/Analysis/CostModel/ARM/intrinsic-cost-kinds.ll
+++ b/llvm/test/Analysis/CostModel/ARM/intrinsic-cost-kinds.ll
@@ -153,7 +153,7 @@
 ;
 ; SIZE_LATE-LABEL: 'fshl'
 ; SIZE_LATE-NEXT:  Cost Model: Found an estimated cost of 7 for instruction: %s = call i32 @llvm.fshl.i32(i32 %a, i32 %b, i32 %c)
-; SIZE_LATE-NEXT:  Cost Model: Found an estimated cost of 562 for instruction: %v = call <16 x i32> @llvm.fshl.v16i32(<16 x i32> %va, <16 x i32> %vb, <16 x i32> %vc)
+; SIZE_LATE-NEXT:  Cost Model: Found an estimated cost of 564 for instruction: %v = call <16 x i32> @llvm.fshl.v16i32(<16 x i32> %va, <16 x i32> %vb, <16 x i32> %vc)
 ; SIZE_LATE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: ret void
 ;
   %s = call i32 @llvm.fshl.i32(i32 %a, i32 %b, i32 %c)
@@ -217,7 +217,7 @@
 ; SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: ret void
 ;
 ; SIZE_LATE-LABEL: 'reduce_fmax'
-; SIZE_LATE-NEXT:  Cost Model: Found an estimated cost of 620 for instruction: %v = call float @llvm.vector.reduce.fmax.v16f32(<16 x float> %va)
+; SIZE_LATE-NEXT:  Cost Model: Found an estimated cost of 628 for instruction: %v = call float @llvm.vector.reduce.fmax.v16f32(<16 x float> %va)
 ; SIZE_LATE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: ret void
 ;
   %v = call float @llvm.vector.reduce.fmax.v16f32(<16 x float> %va)
diff --git a/llvm/test/Analysis/CostModel/ARM/select.ll b/llvm/test/Analysis/CostModel/ARM/select.ll
--- a/llvm/test/Analysis/CostModel/ARM/select.ll
+++ b/llvm/test/Analysis/CostModel/ARM/select.ll
@@ -185,21 +185,21 @@
 ; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: %v11 = select <2 x i1> undef, <2 x i16> undef, <2 x i16> undef
 ; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: %v12 = select <4 x i1> undef, <4 x i16> undef, <4 x i16> undef
 ; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: %v13 = select <8 x i1> undef, <8 x i16> undef, <8 x i16> undef
-; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: %v13b = select <16 x i1> undef, <16 x i16> undef, <16 x i16> undef
+; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 2 for instruction: %v13b = select <16 x i1> undef, <16 x i16> undef, <16 x i16> undef
 ; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: %v14 = select <2 x i1> undef, <2 x i32> undef, <2 x i32> undef
 ; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: %v15 = select <4 x i1> undef, <4 x i32> undef, <4 x i32> undef
-; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: %v15b = select <8 x i1> undef, <8 x i32> undef, <8 x i32> undef
-; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: %v15c = select <16 x i1> undef, <16 x i32> undef, <16 x i32> undef
+; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 2 for instruction: %v15b = select <8 x i1> undef, <8 x i32> undef, <8 x i32> undef
+; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 4 for instruction: %v15c = select <16 x i1> undef, <16 x i32> undef, <16 x i32> undef
 ; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: %v16 = select <2 x i1> undef, <2 x i64> undef, <2 x i64> undef
-; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: %v16a = select <4 x i1> undef, <4 x i64> undef, <4 x i64> undef
-; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: %v16b = select <8 x i1> undef, <8 x i64> undef, <8 x i64> undef
-; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: %v16c = select <16 x i1> undef, <16 x i64> undef, <16 x i64> undef
+; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 19 for instruction: %v16a = select <4 x i1> undef, <4 x i64> undef, <4 x i64> undef
+; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 50 for instruction: %v16b = select <8 x i1> undef, <8 x i64> undef, <8 x i64> undef
+; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 100 for instruction: %v16c = select <16 x i1> undef, <16 x i64> undef, <16 x i64> undef
 ; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: %v17 = select <2 x i1> undef, <2 x float> undef, <2 x float> undef
 ; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: %v18 = select <4 x i1> undef, <4 x float> undef, <4 x float> undef
 ; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: %v19 = select <2 x i1> undef, <2 x double> undef, <2 x double> undef
 ; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: %v20 = select <1 x i1> undef, <1 x i32> undef, <1 x i32> undef
 ; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: %v21 = select <3 x i1> undef, <3 x float> undef, <3 x float> undef
-; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: %v22 = select <5 x i1> undef, <5 x double> undef, <5 x double> undef
+; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 4 for instruction: %v22 = select <5 x i1> undef, <5 x double> undef, <5 x double> undef
 ; CHECK-NEON-SIZE-NEXT:  Cost Model: Found an estimated cost of 1 for instruction: ret void
 ;
 ; CHECK-THUMB1-SIZE-LABEL: 'selects'