diff --git a/cmake/fpu-for-gcc-m-cpu.cmake b/cmake/fpu-for-gcc-m-cpu.cmake
index c52b1638fcd..76562ad4ff0 100644
--- a/cmake/fpu-for-gcc-m-cpu.cmake
+++ b/cmake/fpu-for-gcc-m-cpu.cmake
@@ -1,5 +1,11 @@
 # Defines a mapping from GCC_M_CPU to FPU
 
-set(FPU_FOR_cortex-m4      fpv4-sp-d16)
-set(FPU_FOR_cortex-m7      fpv5-d16)
-set(FPU_FOR_cortex-m33     fpv5-sp-d16)
+if(CONFIG_CPU_HAS_FPU_DOUBLE_PRECISION)
+  set(PRECISION_TOKEN)
+else()
+  set(PRECISION_TOKEN sp-)
+endif()
+
+set(FPU_FOR_cortex-m4      fpv4-${PRECISION_TOKEN}d16)
+set(FPU_FOR_cortex-m7      fpv5-${PRECISION_TOKEN}d16)
+set(FPU_FOR_cortex-m33     fpv5-${PRECISION_TOKEN}d16)
diff --git a/soc/arm/Kconfig b/soc/arm/Kconfig
index e3985c98f3c..7d3ad08a168 100644
--- a/soc/arm/Kconfig
+++ b/soc/arm/Kconfig
@@ -39,6 +39,15 @@ config CPU_HAS_NRF_IDAU
 	  (IDAU: "Implementation-Defined Attribution Unit", in accordance with
 	  ARM terminology).
 
+config CPU_HAS_FPU_DOUBLE_PRECISION
+	bool
+	# Omit prompt to signify "hidden" option
+	depends on CPU_CORTEX_M7
+	select CPU_HAS_FPU
+	help
+	  When enabled, indicates that the SoC has a double
+	  floating point precision unit.
+
 config HAS_SWO
 	bool
 	# Omit prompt to signify "hidden" option