diff --git a/hw/arm/virt.c b/hw/arm/virt.c
index 9633f822f361..1a6480fd2a76 100644
--- a/hw/arm/virt.c
+++ b/hw/arm/virt.c
@@ -3094,10 +3094,17 @@ static void machvirt_machine_init(void)
 }
 type_init(machvirt_machine_init);
 
+static void virt_machine_7_2_options(MachineClass *mc)
+{
+}
+DEFINE_VIRT_MACHINE_AS_LATEST(7, 2)
+
 static void virt_machine_7_1_options(MachineClass *mc)
 {
+    virt_machine_7_2_options(mc);
+    compat_props_add(mc->compat_props, hw_compat_7_1, hw_compat_7_1_len);
 }
-DEFINE_VIRT_MACHINE_AS_LATEST(7, 1)
+DEFINE_VIRT_MACHINE(7, 1)
 
 static void virt_machine_7_0_options(MachineClass *mc)
 {
diff --git a/hw/core/machine.c b/hw/core/machine.c
index a673302ccec5..aa520e74a8c8 100644
--- a/hw/core/machine.c
+++ b/hw/core/machine.c
@@ -40,6 +40,9 @@
 #include "hw/virtio/virtio-pci.h"
 #include "qom/object_interfaces.h"
 
+GlobalProperty hw_compat_7_1[] = {};
+const size_t hw_compat_7_1_len = G_N_ELEMENTS(hw_compat_7_1);
+
 GlobalProperty hw_compat_7_0[] = {
     { "arm-gicv3-common", "force-8-bit-prio", "on" },
     { "nvme-ns", "eui64-default", "on"},
diff --git a/hw/i386/pc.c b/hw/i386/pc.c
index 774cb2bf0748..31724c42ac90 100644
--- a/hw/i386/pc.c
+++ b/hw/i386/pc.c
@@ -107,6 +107,9 @@
     { "qemu64-" TYPE_X86_CPU, "model-id", "QEMU Virtual CPU version " v, },\
     { "athlon-" TYPE_X86_CPU, "model-id", "QEMU Virtual CPU version " v, },
 
+GlobalProperty pc_compat_7_1[] = {};
+const size_t pc_compat_7_1_len = G_N_ELEMENTS(pc_compat_7_1);
+
 GlobalProperty pc_compat_7_0[] = {};
 const size_t pc_compat_7_0_len = G_N_ELEMENTS(pc_compat_7_0);
 
diff --git a/hw/i386/pc_piix.c b/hw/i386/pc_piix.c
index a234989ac363..34fa0021c7be 100644
--- a/hw/i386/pc_piix.c
+++ b/hw/i386/pc_piix.c
@@ -424,7 +424,7 @@ static void pc_i440fx_machine_options(MachineClass *m)
     machine_class_allow_dynamic_sysbus_dev(m, TYPE_VMBUS_BRIDGE);
 }
 
-static void pc_i440fx_7_1_machine_options(MachineClass *m)
+static void pc_i440fx_7_2_machine_options(MachineClass *m)
 {
     PCMachineClass *pcmc = PC_MACHINE_CLASS(m);
     pc_i440fx_machine_options(m);
@@ -433,6 +433,18 @@ static void pc_i440fx_7_1_machine_options(MachineClass *m)
     pcmc->default_cpu_version = 1;
 }
 
+DEFINE_I440FX_MACHINE(v7_2, "pc-i440fx-7.2", NULL,
+                      pc_i440fx_7_2_machine_options);
+
+static void pc_i440fx_7_1_machine_options(MachineClass *m)
+{
+    pc_i440fx_7_2_machine_options(m);
+    m->alias = NULL;
+    m->is_default = false;
+    compat_props_add(m->compat_props, hw_compat_7_1, hw_compat_7_1_len);
+    compat_props_add(m->compat_props, pc_compat_7_1, pc_compat_7_1_len);
+}
+
 DEFINE_I440FX_MACHINE(v7_1, "pc-i440fx-7.1", NULL,
                       pc_i440fx_7_1_machine_options);
 
diff --git a/hw/i386/pc_q35.c b/hw/i386/pc_q35.c
index f96cbd04e284..38634cd11413 100644
--- a/hw/i386/pc_q35.c
+++ b/hw/i386/pc_q35.c
@@ -362,7 +362,7 @@ static void pc_q35_machine_options(MachineClass *m)
     m->max_cpus = 288;
 }
 
-static void pc_q35_7_1_machine_options(MachineClass *m)
+static void pc_q35_7_2_machine_options(MachineClass *m)
 {
     PCMachineClass *pcmc = PC_MACHINE_CLASS(m);
     pc_q35_machine_options(m);
@@ -370,6 +370,17 @@ static void pc_q35_7_1_machine_options(MachineClass *m)
     pcmc->default_cpu_version = 1;
 }
 
+DEFINE_Q35_MACHINE(v7_2, "pc-q35-7.2", NULL,
+                   pc_q35_7_2_machine_options);
+
+static void pc_q35_7_1_machine_options(MachineClass *m)
+{
+    pc_q35_7_2_machine_options(m);
+    m->alias = NULL;
+    compat_props_add(m->compat_props, hw_compat_7_1, hw_compat_7_1_len);
+    compat_props_add(m->compat_props, pc_compat_7_1, pc_compat_7_1_len);
+}
+
 DEFINE_Q35_MACHINE(v7_1, "pc-q35-7.1", NULL,
                    pc_q35_7_1_machine_options);
 
diff --git a/hw/m68k/virt.c b/hw/m68k/virt.c
index 0aa383fa6bda..3122c8ef2c38 100644
--- a/hw/m68k/virt.c
+++ b/hw/m68k/virt.c
@@ -322,10 +322,17 @@ type_init(virt_machine_register_types)
     } \
     type_init(machvirt_machine_##major##_##minor##_init);
 
+static void virt_machine_7_2_options(MachineClass *mc)
+{
+}
+DEFINE_VIRT_MACHINE(7, 2, true)
+
 static void virt_machine_7_1_options(MachineClass *mc)
 {
+    virt_machine_7_2_options(mc);
+    compat_props_add(mc->compat_props, hw_compat_7_1, hw_compat_7_1_len);
 }
-DEFINE_VIRT_MACHINE(7, 1, true)
+DEFINE_VIRT_MACHINE(7, 1, false)
 
 static void virt_machine_7_0_options(MachineClass *mc)
 {
diff --git a/hw/ppc/spapr.c b/hw/ppc/spapr.c
index bc9ba6e6dcf2..fb790b61e442 100644
--- a/hw/ppc/spapr.c
+++ b/hw/ppc/spapr.c
@@ -4730,15 +4730,26 @@ static void spapr_machine_latest_class_options(MachineClass *mc)
     }                                                                \
     type_init(spapr_machine_register_##suffix)
 
+/*
+ * pseries-7.2
+ */
+static void spapr_machine_7_2_class_options(MachineClass *mc)
+{
+    /* Defaults for the latest behaviour inherited from the base class */
+}
+
+DEFINE_SPAPR_MACHINE(7_2, "7.2", true);
+
 /*
  * pseries-7.1
  */
 static void spapr_machine_7_1_class_options(MachineClass *mc)
 {
-    /* Defaults for the latest behaviour inherited from the base class */
+    spapr_machine_7_2_class_options(mc);
+    compat_props_add(mc->compat_props, hw_compat_7_1, hw_compat_7_1_len);
 }
 
-DEFINE_SPAPR_MACHINE(7_1, "7.1", true);
+DEFINE_SPAPR_MACHINE(7_1, "7.1", false);
 
 /*
  * pseries-7.0
diff --git a/hw/s390x/s390-virtio-ccw.c b/hw/s390x/s390-virtio-ccw.c
index cc3097bfee80..bf1b36d824db 100644
--- a/hw/s390x/s390-virtio-ccw.c
+++ b/hw/s390x/s390-virtio-ccw.c
@@ -792,14 +792,26 @@ bool css_migration_enabled(void)
     }                                                                         \
     type_init(ccw_machine_register_##suffix)
 
+static void ccw_machine_7_2_instance_options(MachineState *machine)
+{
+}
+
+static void ccw_machine_7_2_class_options(MachineClass *mc)
+{
+}
+DEFINE_CCW_MACHINE(7_2, "7.2", true);
+
 static void ccw_machine_7_1_instance_options(MachineState *machine)
 {
+    ccw_machine_7_2_instance_options(machine);
 }
 
 static void ccw_machine_7_1_class_options(MachineClass *mc)
 {
+    ccw_machine_7_2_class_options(mc);
+    compat_props_add(mc->compat_props, hw_compat_7_1, hw_compat_7_1_len);
 }
-DEFINE_CCW_MACHINE(7_1, "7.1", true);
+DEFINE_CCW_MACHINE(7_1, "7.1", false);
 
 static void ccw_machine_7_0_instance_options(MachineState *machine)
 {
diff --git a/include/hw/boards.h b/include/hw/boards.h
index d94edcef2883..487243a39c84 100644
--- a/include/hw/boards.h
+++ b/include/hw/boards.h
@@ -380,6 +380,9 @@ struct MachineState {
     } \
     type_init(machine_initfn##_register_types)
 
+extern GlobalProperty hw_compat_7_1[];
+extern const size_t hw_compat_7_1_len;
+
 extern GlobalProperty hw_compat_7_0[];
 extern const size_t hw_compat_7_0_len;
 
diff --git a/include/hw/i386/pc.h b/include/hw/i386/pc.h
index b7735dccfc81..4517fa08f2e9 100644
--- a/include/hw/i386/pc.h
+++ b/include/hw/i386/pc.h
@@ -195,6 +195,9 @@ void pc_madt_cpu_entry(AcpiDeviceIf *adev, int uid,
 /* sgx.c */
 void pc_machine_init_sgx_epc(PCMachineState *pcms);
 
+extern GlobalProperty pc_compat_7_1[];
+extern const size_t pc_compat_7_1_len;
+
 extern GlobalProperty pc_compat_7_0[];
 extern const size_t pc_compat_7_0_len;
 
