diff --git a/tools/perf/Makefile b/tools/perf/Makefile
index 5b7c6db87fde..2a6902677141 100644
--- a/tools/perf/Makefile
+++ b/tools/perf/Makefile
@@ -124,7 +124,7 @@ strip-libs = $(filter-out -l%,$(1))
 ifneq ($(OUTPUT),)
   TE_PATH=$(OUTPUT)
 ifneq ($(subdir),)
-  LK_PATH=$(objtree)/lib/lk/
+  LK_PATH=$(OUTPUT)/../lib/lk/
 else
   LK_PATH=$(OUTPUT)
 endif