diff --git a/boards/arm/atsame54_xpro/atsame54_xpro.dts b/boards/arm/atsame54_xpro/atsame54_xpro.dts
index 135a53a6c09..0d0b6960ad1 100644
--- a/boards/arm/atsame54_xpro/atsame54_xpro.dts
+++ b/boards/arm/atsame54_xpro/atsame54_xpro.dts
@@ -132,7 +132,7 @@ zephyr_udc0: &usb0 {
 	pinctrl-0 = <&mdio_default>;
 	pinctrl-names = "default";
 
-	phy: phy {
+	phy: ethernet-phy {
 		compatible = "ethernet-phy";
 		status = "okay";
 		address = <0>;
diff --git a/boards/arm/sam4e_xpro/sam4e_xpro.dts b/boards/arm/sam4e_xpro/sam4e_xpro.dts
index eb4ff5fcecc..eba17bc297b 100644
--- a/boards/arm/sam4e_xpro/sam4e_xpro.dts
+++ b/boards/arm/sam4e_xpro/sam4e_xpro.dts
@@ -198,7 +198,7 @@
 	pinctrl-0 = <&mdio_default>;
 	pinctrl-names = "default";
 
-	phy: phy {
+	phy: ethernet-phy {
 		compatible = "ethernet-phy";
 		status = "okay";
 		address = <0>;
diff --git a/boards/arm/sam_e70_xplained/sam_e70_xplained-common.dtsi b/boards/arm/sam_e70_xplained/sam_e70_xplained-common.dtsi
index 1b50d6494e0..6dbec1c2398 100644
--- a/boards/arm/sam_e70_xplained/sam_e70_xplained-common.dtsi
+++ b/boards/arm/sam_e70_xplained/sam_e70_xplained-common.dtsi
@@ -136,7 +136,7 @@ zephyr_udc0: &usbhs {
 	pinctrl-0 = <&mdio_default>;
 	pinctrl-names = "default";
 
-	phy: phy {
+	phy: ethernet-phy {
 		compatible = "ethernet-phy";
 		status = "okay";
 		address = <0>;
diff --git a/boards/arm/sam_v71_xult/sam_v71_xult-common.dtsi b/boards/arm/sam_v71_xult/sam_v71_xult-common.dtsi
index 7aefd9cec86..1efd26bcc46 100644
--- a/boards/arm/sam_v71_xult/sam_v71_xult-common.dtsi
+++ b/boards/arm/sam_v71_xult/sam_v71_xult-common.dtsi
@@ -245,7 +245,7 @@ zephyr_udc0: &usbhs {
 	pinctrl-0 = <&mdio_default>;
 	pinctrl-names = "default";
 
-	phy: phy {
+	phy: ethernet-phy {
 		compatible = "ethernet-phy";
 		status = "okay";
 		address = <0>;
diff --git a/boards/arm64/fvp_base_revc_2xaemv8a/fvp_base_revc_2xaemv8a.dts b/boards/arm64/fvp_base_revc_2xaemv8a/fvp_base_revc_2xaemv8a.dts
index 373c9b88fa2..693e26fd451 100644
--- a/boards/arm64/fvp_base_revc_2xaemv8a/fvp_base_revc_2xaemv8a.dts
+++ b/boards/arm64/fvp_base_revc_2xaemv8a/fvp_base_revc_2xaemv8a.dts
@@ -147,7 +147,7 @@
 				compatible = "smsc,lan91c111-mdio";
 				status = "disabled";
 
-				phy: phy {
+				phy: ethernet-phy {
 					compatible = "ethernet-phy";
 					status = "disabled";
 					address = <0>;
diff --git a/boards/xtensa/esp32_ethernet_kit/esp32_ethernet_kit.dts b/boards/xtensa/esp32_ethernet_kit/esp32_ethernet_kit.dts
index d0dbc4c62d7..e1de9c02c02 100644
--- a/boards/xtensa/esp32_ethernet_kit/esp32_ethernet_kit.dts
+++ b/boards/xtensa/esp32_ethernet_kit/esp32_ethernet_kit.dts
@@ -119,7 +119,7 @@
 	pinctrl-0 = <&mdio_default>;
 	pinctrl-names = "default";
 
-	phy: phy {
+	phy: ethernet-phy {
 		compatible = "ethernet-phy";
 		status = "disabled";
 		address = <1>;
diff --git a/drivers/ethernet/eth_adin2111.c b/drivers/ethernet/eth_adin2111.c
index 4d8c7053698..aa93d3ee7c4 100644
--- a/drivers/ethernet/eth_adin2111.c
+++ b/drivers/ethernet/eth_adin2111.c
@@ -938,7 +938,7 @@ static const struct ethernet_api adin2111_port_api = {
 #define ADIN2111_XSTR(x)	ADIN2111_STR(x)
 
 #define ADIN2111_MDIO_PHY_BY_ADDR(adin_n, phy_addr)						\
-	DEVICE_DT_GET(DT_CHILD(DT_INST_CHILD(adin_n, mdio), phy_##phy_addr))
+	DEVICE_DT_GET(DT_CHILD(DT_INST_CHILD(adin_n, mdio), ethernet_phy_##phy_addr))
 
 #define ADIN2111_PORT_MAC(adin_n, port_n)							\
 	DT_PROP(DT_CHILD(DT_DRV_INST(adin_n), port##port_n), local_mac_address)
diff --git a/dts/arm64/fvp/fvp-aemv8r.dtsi b/dts/arm64/fvp/fvp-aemv8r.dtsi
index 05ac898bf33..29f0b991ff5 100644
--- a/dts/arm64/fvp/fvp-aemv8r.dtsi
+++ b/dts/arm64/fvp/fvp-aemv8r.dtsi
@@ -119,7 +119,7 @@
 				compatible = "smsc,lan91c111-mdio";
 				status = "disabled";
 
-				phy: phy {
+				phy: ethernet-phy {
 					compatible = "ethernet-phy";
 					status = "disabled";
 					address = <0>;
diff --git a/dts/bindings/ethernet/adi,adin1110.yaml b/dts/bindings/ethernet/adi,adin1110.yaml
index 4f8bc6f8b25..8b94e1be839 100644
--- a/dts/bindings/ethernet/adi,adin1110.yaml
+++ b/dts/bindings/ethernet/adi,adin1110.yaml
@@ -20,7 +20,7 @@ description: |
                   status = "okay";
                   #address-cells = <1>;
                   #size-cells = <0>;
-                  phy@1 {
+                  ethernet-phy@1 {
                     reg = <0x1>;
                     compatible = "adi,adin2111-phy";
                     status = "okay";
diff --git a/dts/bindings/ethernet/adi,adin2111.yaml b/dts/bindings/ethernet/adi,adin2111.yaml
index 8c0f9cb2025..f1b5c1b53c1 100644
--- a/dts/bindings/ethernet/adi,adin2111.yaml
+++ b/dts/bindings/ethernet/adi,adin2111.yaml
@@ -23,12 +23,12 @@ description: |
                   status = "okay";
                   #address-cells = <1>;
                   #size-cells = <0>;
-                  phy@1 {
+                  ethernet-phy@1 {
                     reg = <0x1>;
                     compatible = "adi,adin2111-phy";
                     status = "okay";
                   };
-                  phy@2 {
+                  ethernet-phy@2 {
                     reg = <0x2>;
                     compatible = "adi,adin2111-phy";
                     status = "okay";