diff --git a/dts/bindings/power/zephyr,power-state.yaml b/dts/bindings/power/zephyr,power-state.yaml
index 5c645306b58..4fe22d1c5db 100644
--- a/dts/bindings/power/zephyr,power-state.yaml
+++ b/dts/bindings/power/zephyr,power-state.yaml
@@ -31,3 +31,9 @@ properties:
     type: int
     description: |
         Worst case latency in microseconds required to exit the idle state.
+  zephyr,pm-device-disabled:
+    type: boolean
+    description: |
+       Disable system managed device power management for this state. When set,
+       the power management subsystem will not suspend devices before entering
+       this state.
diff --git a/include/zephyr/pm/state.h b/include/zephyr/pm/state.h
index cc387879411..e5866953f37 100644
--- a/include/zephyr/pm/state.h
+++ b/include/zephyr/pm/state.h
@@ -134,12 +134,22 @@ struct pm_state_info {
 	 *			substate-id = <2>;
 	 *			min-residency-us = <20000>;
 	 *			exit-latency-us = <200>;
+	 *			zephyr,pm-device-disabled;
 	 *		};
 	 *	};
 	 * @endcode
 	 */
 	uint8_t substate_id;
 
+	/**
+	 * Whether or not this state triggers device power management.
+	 *
+	 * When this property is false the power management subsystem
+	 * will suspend devices before entering this state and will
+	 * properly resume them when leaving it.
+	 */
+	bool pm_device_disabled;
+
 	/**
 	 * Minimum residency duration in microseconds. It is the minimum
 	 * time for a given idle state to be worthwhile energywise.
@@ -209,6 +219,7 @@ struct pm_state_info {
 		.substate_id = DT_PROP_OR(node_id, substate_id, 0),	       \
 		.min_residency_us = DT_PROP_OR(node_id, min_residency_us, 0),  \
 		.exit_latency_us = DT_PROP_OR(node_id, exit_latency_us, 0),    \
+		.pm_device_disabled = DT_PROP(node_id, zephyr_pm_device_disabled),    \
 	}
 
 /**
@@ -260,6 +271,7 @@ struct pm_state_info {
  *				power-state-name = "suspend-to-ram";
  *				min-residency-us = <50000>;
  *				exit-latency-us = <500>;
+ *				zephyr,pm-device-disabled;
  *			};
  *		};
  *	};
diff --git a/subsys/pm/pm.c b/subsys/pm/pm.c
index 96ca35cdbe9..6f5cca1452f 100644
--- a/subsys/pm/pm.c
+++ b/subsys/pm/pm.c
@@ -205,7 +205,8 @@ bool pm_system_suspend(int32_t ticks)
 
 #if defined(CONFIG_PM_DEVICE) && !defined(CONFIG_PM_DEVICE_RUNTIME_EXCLUSIVE)
 	if (atomic_sub(&_cpus_active, 1) == 1) {
-		if (z_cpus_pm_state[id].state != PM_STATE_RUNTIME_IDLE) {
+		if ((z_cpus_pm_state[id].state != PM_STATE_RUNTIME_IDLE) &&
+		    !z_cpus_pm_state[id].pm_device_disabled) {
 			if (pm_suspend_devices()) {
 				pm_resume_devices();
 				z_cpus_pm_state[id].state = PM_STATE_ACTIVE;
diff --git a/tests/subsys/pm/device_wakeup_api/src/main.c b/tests/subsys/pm/device_wakeup_api/src/main.c
index cf8d7e2f3c3..6a45f3ffe79 100644
--- a/tests/subsys/pm/device_wakeup_api/src/main.c
+++ b/tests/subsys/pm/device_wakeup_api/src/main.c
@@ -61,7 +61,7 @@ void pm_state_exit_post_ops(enum pm_state state, uint8_t substate_id)
 const struct pm_state_info *pm_policy_next_state(uint8_t cpu, int32_t ticks)
 {
 	static const struct pm_state_info state = {
-		.state = PM_STATE_SUSPEND_TO_RAM
+		.state = PM_STATE_SUSPEND_TO_RAM,
 	};
 
 	ARG_UNUSED(cpu);
diff --git a/tests/subsys/pm/power_states_api/src/main.c b/tests/subsys/pm/power_states_api/src/main.c
index 3699bc0d3ff..dac96e9e299 100644
--- a/tests/subsys/pm/power_states_api/src/main.c
+++ b/tests/subsys/pm/power_states_api/src/main.c
@@ -11,8 +11,8 @@
 /* Last state has not declared a minimum residency, so it should be
  * set the default 0 value
  */
-static struct pm_state_info infos[] = {{PM_STATE_SUSPEND_TO_IDLE, 0, 10000, 100},
-	       {PM_STATE_SUSPEND_TO_RAM, 0, 50000, 500}, {PM_STATE_STANDBY, 0, 0}};
+static struct pm_state_info infos[] = {{PM_STATE_SUSPEND_TO_IDLE, 0, false, 10000, 100},
+	{PM_STATE_SUSPEND_TO_RAM, 0, false, 50000, 500}, {PM_STATE_STANDBY, 0, false, 0}};
 static enum pm_state states[] = {PM_STATE_SUSPEND_TO_IDLE,
 			PM_STATE_SUSPEND_TO_RAM, PM_STATE_STANDBY};
 static enum pm_state wrong_states[] = {PM_STATE_SUSPEND_TO_DISK,