diff --git a/tools/perf/Makefile b/tools/perf/Makefile
index 203cb0eecff2baf1419cdd7339d424cef92df505..641fccddb249964e30de988a056f229e8265283f 100644
--- a/tools/perf/Makefile
+++ b/tools/perf/Makefile
@@ -121,17 +121,16 @@ SCRIPT_SH += perf-archive.sh
 grep-libs = $(filter -l%,$(1))
 strip-libs = $(filter-out -l%,$(1))
 
-LK_PATH=$(LK_DIR)
-
 ifneq ($(OUTPUT),)
   TE_PATH=$(OUTPUT)
 ifneq ($(subdir),)
-  LK_PATH=$(OUTPUT)$(LK_DIR)
+  LK_PATH=$(objtree)/lib/lk/
 else
   LK_PATH=$(OUTPUT)
 endif
 else
   TE_PATH=$(TRACE_EVENT_DIR)
+  LK_PATH=$(LK_DIR)
 endif
 
 LIBTRACEEVENT = $(TE_PATH)libtraceevent.a
diff --git a/tools/perf/config/Makefile b/tools/perf/config/Makefile
index f139dcd2796ef8f590d439234b0cbb255378394b..f4468954d3dc8628a95ad1f79f6deda41873530c 100644
--- a/tools/perf/config/Makefile
+++ b/tools/perf/config/Makefile
@@ -39,7 +39,7 @@ src-perf := $(srctree)/tools/perf
 endif
 
 ifeq ($(obj-perf),)
-obj-perf := $(objtree)
+obj-perf := $(OUTPUT)
 endif
 
 ifneq ($(obj-perf),)