diff --git a/Modules/Compiler/PGI.cmake b/Modules/Compiler/PGI.cmake
index d111be9ab6..b037fbcbcc 100644
--- a/Modules/Compiler/PGI.cmake
+++ b/Modules/Compiler/PGI.cmake
@@ -29,7 +29,7 @@ macro(__compiler_pgi lang)
   set(CMAKE_${lang}_LINKER_WRAPPER_FLAG_SEP ",")
 
   set(_CMAKE_${lang}_IPO_SUPPORTED_BY_CMAKE YES)
-  if(NOT CMAKE_SYSTEM_PROCESSOR STREQUAL ppc64le AND (NOT CMAKE_HOST_WIN32 OR CMAKE_${lang}_COMPILER_VERSION VERSION_LESS 16.3))
+  if(NOT CMAKE_SYSTEM_PROCESSOR STREQUAL ppc64le AND (NOT CMAKE_HOST_WIN32 OR CMAKE_${lang}_COMPILER_VERSION VERSION_LESS 16.3) AND CMAKE_${lang}_COMPILER_VERSION VERSION_LESS 23.3)
     set(_CMAKE_${lang}_IPO_MAY_BE_SUPPORTED_BY_COMPILER YES)
     set(CMAKE_${lang}_COMPILE_OPTIONS_IPO "-Mipa=fast,inline")
   else()