diff --git a/drivers/pwm/pwm_nrfx.c b/drivers/pwm/pwm_nrfx.c
index c5dd8a283f98cd4..187a710e37c40e8 100644
--- a/drivers/pwm/pwm_nrfx.c
+++ b/drivers/pwm/pwm_nrfx.c
@@ -260,16 +260,13 @@ static const struct pwm_driver_api pwm_nrfx_drv_api_funcs = {
 	.get_cycles_per_sec = pwm_nrfx_get_cycles_per_sec,
 };
 
-static int pwm_nrfx_init(const struct device *dev)
+static int pwm_resume(const struct device *dev)
 {
 	const struct pwm_nrfx_config *config = dev->config;
 	uint8_t initially_inverted = 0;
-	nrfx_err_t result;
 
 	int ret = pinctrl_apply_state(config->pcfg, PINCTRL_STATE_DEFAULT);
 
-	ANOMALY_109_EGU_IRQ_CONNECT(NRFX_PWM_NRF52_ANOMALY_109_EGU_INSTANCE);
-
 	if (ret < 0) {
 		return ret;
 	}
@@ -293,60 +290,68 @@ static int pwm_nrfx_init(const struct device *dev)
 		seq_values_ptr_get(dev)[i] = PWM_NRFX_CH_VALUE(0, inverted);
 	}
 
-	result = nrfx_pwm_init(&config->pwm, &config->initial_config, pwm_handler, dev->data);
-	if (result != NRFX_SUCCESS) {
-		LOG_ERR("Failed to initialize device: %s", dev->name);
-		return -EBUSY;
-	}
-
 	return 0;
 }
 
-#ifdef CONFIG_PM_DEVICE
-static void pwm_nrfx_uninit(const struct device *dev)
+static int pwm_suspend(const struct device *dev, bool do_pinctrl)
 {
 	const struct pwm_nrfx_config *config = dev->config;
+	struct pwm_nrfx_data *data = dev->data;
 
-	nrfx_pwm_uninit(&config->pwm);
+	if (data->active) {
+		/* PWM is still in use. Force stopping. */
+		data->stop_requested = true;
+		nrfx_pwm_stop(&config->pwm, false);
+		while (data->stop_requested) {
+		}
+	}
 
 	memset(dev->data, 0, sizeof(struct pwm_nrfx_data));
+
+	if (!do_pinctrl) {
+		return 0;
+	}
+
+	return pinctrl_apply_state(config->pcfg, PINCTRL_STATE_SLEEP);
 }
 
 static int pwm_nrfx_pm_action(const struct device *dev,
 			      enum pm_device_action action)
 {
-	const struct pwm_nrfx_config *config = dev->config;
-	int ret = 0;
+	int ret = -ENOTSUP;
 
 	switch (action) {
-	case PM_DEVICE_ACTION_RESUME:
-		ret = pinctrl_apply_state(config->pcfg, PINCTRL_STATE_DEFAULT);
-		if (ret < 0) {
-			return ret;
-		}
-		ret = pwm_nrfx_init(dev);
+	case PM_DEVICE_ACTION_TURN_ON:
+		ret = pwm_suspend(dev, false);
 		break;
-
 	case PM_DEVICE_ACTION_SUSPEND:
-		pwm_nrfx_uninit(dev);
-
-		ret = pinctrl_apply_state(config->pcfg, PINCTRL_STATE_SLEEP);
-		if (ret < 0) {
-			return ret;
+		if (IS_ENABLED(CONFIG_PM_DEVICE_RUNTIME)) {
+			ret = pwm_suspend(dev, true);
 		}
 		break;
-
+	case PM_DEVICE_ACTION_RESUME:
+		ret = pwm_resume(dev);
+		break;
 	default:
-		return -ENOTSUP;
+		break;
 	}
 
 	return ret;
 }
-#else
 
-#define pwm_nrfx_pm_action NULL
+static int pwm_nrfx_init(const struct device *dev)
+{
+	const struct pwm_nrfx_config *config = dev->config;
+	int result;
+
+	result = nrfx_pwm_init(&config->pwm, &config->initial_config, pwm_handler, dev->data);
+	if (result != NRFX_SUCCESS) {
+		LOG_ERR("Failed to initialize device: %s", dev->name);
+		return -EBUSY;
+	}
 
-#endif /* CONFIG_PM_DEVICE */
+	return pm_device_driver_init(dev, pwm_nrfx_pm_action);
+}
 
 #define PWM(dev_idx) DT_NODELABEL(pwm##dev_idx)
 #define PWM_PROP(dev_idx, prop) DT_PROP(PWM(dev_idx), prop)
@@ -385,6 +390,8 @@ static int pwm_nrfx_pm_action(const struct device *dev,
 	{								      \
 		IRQ_CONNECT(DT_IRQN(PWM(idx)), DT_IRQ(PWM(idx), priority),    \
 			    nrfx_isr, nrfx_pwm_##idx##_irq_handler, 0);	      \
+		ANOMALY_109_EGU_IRQ_CONNECT(				      \
+				NRFX_PWM_NRF52_ANOMALY_109_EGU_INSTANCE);     \
 		return pwm_nrfx_init(dev);				      \
 	};								      \
 	PM_DEVICE_DT_DEFINE(PWM(idx), pwm_nrfx_pm_action);		      \