diff --git a/zjit/src/codegen.rs b/zjit/src/codegen.rs
index d9d4d6ba18dbce..24dbd30e70620c 100644
--- a/zjit/src/codegen.rs
+++ b/zjit/src/codegen.rs
@@ -126,6 +126,9 @@ fn gen_iseq_entry_point(iseq: IseqPtr) -> *const u8 {
                 asm.ccall(callee_addr, vec![]);
             });
             branch_iseqs.extend(callee_branch_iseqs);
+        } else {
+            // Failed to compile the callee. Bail out of compiling this graph of ISEQs.
+            return std::ptr::null();
         }
     }