diff --git a/Zend/Optimizer/dfa_pass.c b/Zend/Optimizer/dfa_pass.c
index 754dec7ee60cf..0087e957ff395 100644
--- a/Zend/Optimizer/dfa_pass.c
+++ b/Zend/Optimizer/dfa_pass.c
@@ -1000,32 +1000,41 @@ static int zend_dfa_optimize_jmps(zend_op_array *op_array, zend_ssa *ssa)
 							|| (opline->opcode == ZEND_SWITCH_STRING && type == IS_STRING)
 							|| (opline->opcode == ZEND_MATCH && (type == IS_LONG || type == IS_STRING));
 
-						if (!correct_type) {
+						/* Switch statements have a fallback chain for loose comparison. In those
+						 * cases the SWITCH_* instruction is a NOP. Match does strict comparison and
+						 * thus jumps to the default branch on mismatched types, so we need to
+						 * convert MATCH to a jmp. */
+						if (!correct_type && opline->opcode != ZEND_MATCH) {
 							removed_ops++;
 							MAKE_NOP(opline);
 							opline->extended_value = 0;
 							take_successor_ex(ssa, block_num, block, block->successors[block->successors_count - 1]);
 							goto optimize_nop;
-						} else {
+						}
+
+						uint32_t target;
+						if (correct_type) {
 							HashTable *jmptable = Z_ARRVAL_P(CT_CONSTANT_EX(op_array, opline->op2.constant));
 							zval *jmp_zv = type == IS_LONG
 								? zend_hash_index_find(jmptable, Z_LVAL_P(zv))
 								: zend_hash_find(jmptable, Z_STR_P(zv));
 
-							uint32_t target;
 							if (jmp_zv) {
 								target = ZEND_OFFSET_TO_OPLINE_NUM(op_array, opline, Z_LVAL_P(jmp_zv));
 							} else {
 								target = ZEND_OFFSET_TO_OPLINE_NUM(op_array, opline, opline->extended_value);
 							}
-							opline->opcode = ZEND_JMP;
-							opline->extended_value = 0;
-							SET_UNUSED(opline->op1);
-							ZEND_SET_OP_JMP_ADDR(opline, opline->op1, op_array->opcodes + target);
-							SET_UNUSED(opline->op2);
-							take_successor_ex(ssa, block_num, block, ssa->cfg.map[target]);
-							goto optimize_jmp;
+						} else {
+							ZEND_ASSERT(opline->opcode == ZEND_MATCH);
+							target = ZEND_OFFSET_TO_OPLINE_NUM(op_array, opline, opline->extended_value);
 						}
+						opline->opcode = ZEND_JMP;
+						opline->extended_value = 0;
+						SET_UNUSED(opline->op1);
+						ZEND_SET_OP_JMP_ADDR(opline, opline->op1, op_array->opcodes + target);
+						SET_UNUSED(opline->op2);
+						take_successor_ex(ssa, block_num, block, ssa->cfg.map[target]);
+						goto optimize_jmp;
 					}
 					break;
 				case ZEND_NOP:
diff --git a/Zend/tests/match/gh11134.phpt b/Zend/tests/match/gh11134.phpt
new file mode 100644
index 0000000000000..94e3223d2a07a
--- /dev/null
+++ b/Zend/tests/match/gh11134.phpt
@@ -0,0 +1,28 @@
+--TEST--
+GH-11134: Incorrect match optimization
+--FILE--
+<?php
+
+function testMatch() {
+    return match ($unset ?? null) {
+        'foo' => 'foo',
+        'bar' => 'bar',
+        default => 'baz',
+    };
+}
+
+function testSwitch() {
+    switch ($unset ?? null) {
+        case 'foo': return 'foo';
+        case 'bar': return 'bar';
+        default: return 'baz';
+    }
+}
+
+var_dump(testMatch());
+var_dump(testSwitch());
+
+?>
+--EXPECT--
+string(3) "baz"
+string(3) "baz"