diff --git a/src/gf.c b/src/gf.c
index d220ad057176a..db86a8fa4d093 100644
--- a/src/gf.c
+++ b/src/gf.c
@@ -2863,7 +2863,13 @@ jl_code_instance_t *jl_compile_method_internal(jl_method_instance_t *mi, size_t
 
     // Everything from here on is considered (user facing) compile time
     uint64_t start = jl_typeinf_timing_begin();
-    int is_recompile = jl_atomic_load_relaxed(&mi->cache) != NULL;
+
+    // Is a recompile if there is cached code, and it was compiled (not only inferred) before
+    int is_recompile = 0;
+    jl_code_instance_t *codeinst_old = jl_atomic_load_relaxed(&mi->cache);
+    if ((codeinst_old != NULL) && (jl_atomic_load_relaxed(&codeinst_old->invoke) != NULL)) {
+        is_recompile = 1;
+    }
 
     // This codeinst hasn't been previously inferred do that now
     // jl_type_infer will internally do a cache lookup and jl_engine_reserve call
diff --git a/test/cmdlineargs.jl b/test/cmdlineargs.jl
index 5df174694049d..577fd934a75a0 100644
--- a/test/cmdlineargs.jl
+++ b/test/cmdlineargs.jl
@@ -818,6 +818,26 @@ let exename = `$(Base.julia_cmd()) --startup-file=no --color=no`
         @test occursin(" ms =# precompile(Tuple{typeof(Main.foo), Int", _stderr)
     end
 
+    # Base.@trace_compile (local version of the 2 above args)
+    let
+        io = IOBuffer()
+        v = writereadpipeline(
+            """
+            f(x::Int) = 1
+            applyf(container) = f(container[1])
+            Base.@trace_compile @eval applyf([100])
+            Base.@trace_compile @eval applyf(Any[100])
+            f(::Bool) = 2
+            Base.@trace_compile @eval applyf([true])
+            Base.@trace_compile @eval applyf(Any[true])
+            """,
+            `$exename -i`,
+            stderr=io)
+        _stderr = String(take!(io))
+        @test length(findall("precompile(", _stderr)) == 5
+        @test length(findall(" # recompile", _stderr)) == 1
+    end
+
     # --trace-dispatch
     let
         io = IOBuffer()