diff --git a/drivers/sensor/max17055/max17055.c b/drivers/sensor/max17055/max17055.c
index a50069643af..c2db8255623 100644
--- a/drivers/sensor/max17055/max17055.c
+++ b/drivers/sensor/max17055/max17055.c
@@ -112,14 +112,23 @@ static int capacity_to_max17055(unsigned int rsense_mohms, uint16_t val_mha)
 }
 
 /**
- * @brief Convert voltage in millivolts to MAX17055 units
+ * @brief Update empty voltage target in v_empty
  *
+ * @param v_empty The register value to update
  * @param val_mv Value in millivolts to convert
- * @return corresponding value in MAX17055 units, ready to write to a register
+ * @return 0 on success, -EINVAL on invalid val_mv
  */
-static int voltage_mV_to_max17055(uint16_t val_mv)
+static int max17055_update_vempty(uint16_t *v_empty, uint16_t val_mv)
 {
-	return (val_mv * 16) * 10 / 8; /* * 1.25 */
+	uint32_t val = (val_mv / 10) << 7;
+
+	if (val & ~VEMPTY_VE) {
+		return -EINVAL;
+	}
+
+	*v_empty = (*v_empty & ~VEMPTY_VE) | (uint16_t)val;
+
+	return 0;
 }
 
 static void set_millis(struct sensor_value *val, int val_millis)
@@ -338,27 +347,38 @@ static int max17055_write_config(const struct device *dev)
 	uint16_t d_qacc = design_capacity / 32;
 	uint16_t d_pacc = d_qacc * 44138 / design_capacity;
 	uint16_t i_chg_term = current_ma_to_max17055(config->rsense_mohms, config->i_chg_term);
-	uint16_t v_empty = voltage_mV_to_max17055(config->v_empty);
+	uint16_t v_empty;
 
 	LOG_DBG("Writing configuration parameters");
-	LOG_DBG("DesignCap: %u, dQAcc: %u, IChgTerm: %u, VEmpty: %u, dPAcc: %u",
-		design_capacity, d_qacc, i_chg_term, v_empty, d_pacc);
+	LOG_DBG("DesignCap: %u, dQAcc: %u, IChgTerm: %u, dPAcc: %u",
+		design_capacity, d_qacc, i_chg_term, d_pacc);
 
 	if (max17055_reg_write(dev, DESIGN_CAP, design_capacity)) {
 		return -EIO;
 	}
+
 	if (max17055_reg_write(dev, D_QACC, d_qacc)) {
 		return -EIO;
 	}
+
 	if (max17055_reg_write(dev, ICHG_TERM, i_chg_term)) {
 		return -EIO;
 	}
+
+	if (max17055_reg_read(dev, V_EMPTY, &v_empty)) {
+		return -EIO;
+	}
+	if (max17055_update_vempty(&v_empty, config->v_empty)) {
+		return -EINVAL;
+	}
 	if (max17055_reg_write(dev, V_EMPTY, v_empty)) {
 		return -EIO;
 	}
+
 	if (max17055_reg_write(dev, D_PACC, d_pacc)) {
 		return -EIO;
 	}
+
 	if (max17055_reg_write(dev, MODEL_CFG, MODELCFG_REFRESH)) {
 		return -EIO;
 	}
diff --git a/drivers/sensor/max17055/max17055.h b/drivers/sensor/max17055/max17055.h
index 476b8663ec5..38bf100f0d9 100644
--- a/drivers/sensor/max17055/max17055.h
+++ b/drivers/sensor/max17055/max17055.h
@@ -41,6 +41,7 @@ enum {
 	SOFT_WAKEUP_CLEAR       = 0x0000,
 	SOFT_WAKEUP_WAKEUP      = 0x0090,
 	STATUS_POR              = 0x0002,
+	VEMPTY_VE               = 0xff80,
 };
 
 struct max17055_data {