diff --git a/drivers/regulator/regulator_fixed.c b/drivers/regulator/regulator_fixed.c
index 3e12ee44187..2811712c0d2 100644
--- a/drivers/regulator/regulator_fixed.c
+++ b/drivers/regulator/regulator_fixed.c
@@ -58,6 +58,7 @@ static const struct regulator_driver_api regulator_fixed_api = {
 static int regulator_fixed_init(const struct device *dev)
 {
 	const struct regulator_fixed_config *cfg = dev->config;
+	bool init_enabled;
 	int ret;
 
 	regulator_common_data_init(dev);
@@ -67,21 +68,23 @@ static int regulator_fixed_init(const struct device *dev)
 		return -ENODEV;
 	}
 
-	ret = gpio_pin_configure_dt(&cfg->enable, GPIO_OUTPUT_INACTIVE);
-	if (ret < 0) {
-		return ret;
-	}
+	init_enabled = regulator_common_is_init_enabled(dev);
 
-	ret = regulator_common_init(dev, false);
-	if (ret < 0) {
-		return ret;
-	}
+	if (init_enabled) {
+		ret = gpio_pin_configure_dt(&cfg->enable, GPIO_OUTPUT_ACTIVE);
+		if (ret < 0) {
+			return ret;
+		}
 
-	if (regulator_is_enabled(dev)) {
 		k_busy_wait(cfg->startup_delay_us);
+	} else {
+		ret = gpio_pin_configure_dt(&cfg->enable, GPIO_OUTPUT_INACTIVE);
+		if (ret < 0) {
+			return ret;
+		}
 	}
 
-	return 0;
+	return regulator_common_init(dev, init_enabled);
 }
 
 #define REGULATOR_FIXED_DEFINE(inst)                                           \