diff --git a/cranelift/codegen/src/preopt.peepmatic b/cranelift/codegen/src/preopt.peepmatic
index 604460dd57..de9dc8342a 100644
--- a/cranelift/codegen/src/preopt.peepmatic
+++ b/cranelift/codegen/src/preopt.peepmatic
@@ -191,3 +191,8 @@
 (=> (when (udiv_imm $C $x)
           (is-power-of-two $C))
     (ushr_imm $(log2 $C) $x))
+
+;; Reminder by a power of two -> bitwise and with decreased by one constant.
+(=> (when (urem_imm $C $x)
+          (is-power-of-two $C))
+    (band_imm $(iadd -1 $C) $x))
\ No newline at end of file
diff --git a/cranelift/codegen/src/preopt.serialized b/cranelift/codegen/src/preopt.serialized
index bae915dab0..9b9bc3f01f 100644
Binary files a/cranelift/codegen/src/preopt.serialized and b/cranelift/codegen/src/preopt.serialized differ