diff --git a/libs/gui/ITransactionCompletedListener.cpp b/libs/gui/ITransactionCompletedListener.cpp
index aa7ebc9..f7392d4 100644
--- a/libs/gui/ITransactionCompletedListener.cpp
+++ b/libs/gui/ITransactionCompletedListener.cpp
@@ -111,7 +111,14 @@
 
 status_t SurfaceStats::writeToParcel(Parcel* output) const {
     SAFE_PARCEL(output->writeStrongBinder, surfaceControl);
-    SAFE_PARCEL(output->writeInt64, acquireTime);
+    if (const auto* acquireFence = std::get_if<sp<Fence>>(&acquireTimeOrFence)) {
+        SAFE_PARCEL(output->writeBool, true);
+        SAFE_PARCEL(output->write, **acquireFence);
+    } else {
+        SAFE_PARCEL(output->writeBool, false);
+        SAFE_PARCEL(output->writeInt64, std::get<nsecs_t>(acquireTimeOrFence));
+    }
+
     if (previousReleaseFence) {
         SAFE_PARCEL(output->writeBool, true);
         SAFE_PARCEL(output->write, *previousReleaseFence);
@@ -131,10 +138,20 @@
 
 status_t SurfaceStats::readFromParcel(const Parcel* input) {
     SAFE_PARCEL(input->readStrongBinder, &surfaceControl);
-    SAFE_PARCEL(input->readInt64, &acquireTime);
+
     bool hasFence = false;
     SAFE_PARCEL(input->readBool, &hasFence);
     if (hasFence) {
+        acquireTimeOrFence = sp<Fence>::make();
+        SAFE_PARCEL(input->read, *std::get<sp<Fence>>(acquireTimeOrFence));
+    } else {
+        nsecs_t acquireTime;
+        SAFE_PARCEL(input->readInt64, &acquireTime);
+        acquireTimeOrFence = acquireTime;
+    }
+
+    SAFE_PARCEL(input->readBool, &hasFence);
+    if (hasFence) {
         previousReleaseFence = new Fence();
         SAFE_PARCEL(input->read, *previousReleaseFence);
     }
diff --git a/libs/gui/SurfaceComposerClient.cpp b/libs/gui/SurfaceComposerClient.cpp
index 91b2fb1..f78726c 100644
--- a/libs/gui/SurfaceComposerClient.cpp
+++ b/libs/gui/SurfaceComposerClient.cpp
@@ -296,7 +296,7 @@
                 surfaceControlStats
                         .emplace_back(callbacksMap[callbackId]
                                               .surfaceControls[surfaceStats.surfaceControl],
-                                      transactionStats.latchTime, surfaceStats.acquireTime,
+                                      transactionStats.latchTime, surfaceStats.acquireTimeOrFence,
                                       transactionStats.presentFence,
                                       surfaceStats.previousReleaseFence, surfaceStats.transformHint,
                                       surfaceStats.eventStats);
@@ -321,7 +321,7 @@
                 surfaceControlStats
                         .emplace_back(callbacksMap[callbackId]
                                               .surfaceControls[surfaceStats.surfaceControl],
-                                      transactionStats.latchTime, surfaceStats.acquireTime,
+                                      transactionStats.latchTime, surfaceStats.acquireTimeOrFence,
                                       transactionStats.presentFence,
                                       surfaceStats.previousReleaseFence, surfaceStats.transformHint,
                                       surfaceStats.eventStats);
diff --git a/libs/gui/include/gui/ITransactionCompletedListener.h b/libs/gui/include/gui/ITransactionCompletedListener.h
index 0df5822..a791c66 100644
--- a/libs/gui/include/gui/ITransactionCompletedListener.h
+++ b/libs/gui/include/gui/ITransactionCompletedListener.h
@@ -30,6 +30,7 @@
 #include <cstdint>
 #include <unordered_map>
 #include <unordered_set>
+#include <variant>
 
 namespace android {
 
@@ -130,12 +131,12 @@
     status_t readFromParcel(const Parcel* input) override;
 
     SurfaceStats() = default;
-    SurfaceStats(const sp<IBinder>& sc, nsecs_t time, const sp<Fence>& prevReleaseFence,
-                 uint32_t hint, uint32_t currentMaxAcquiredBuffersCount,
-                 FrameEventHistoryStats frameEventStats, std::vector<JankData> jankData,
-                 ReleaseCallbackId previousReleaseCallbackId)
+    SurfaceStats(const sp<IBinder>& sc, std::variant<nsecs_t, sp<Fence>> acquireTimeOrFence,
+                 const sp<Fence>& prevReleaseFence, uint32_t hint,
+                 uint32_t currentMaxAcquiredBuffersCount, FrameEventHistoryStats frameEventStats,
+                 std::vector<JankData> jankData, ReleaseCallbackId previousReleaseCallbackId)
           : surfaceControl(sc),
-            acquireTime(time),
+            acquireTimeOrFence(std::move(acquireTimeOrFence)),
             previousReleaseFence(prevReleaseFence),
             transformHint(hint),
             currentMaxAcquiredBufferCount(currentMaxAcquiredBuffersCount),
@@ -144,7 +145,7 @@
             previousReleaseCallbackId(previousReleaseCallbackId) {}
 
     sp<IBinder> surfaceControl;
-    nsecs_t acquireTime = -1;
+    std::variant<nsecs_t, sp<Fence>> acquireTimeOrFence = -1;
     sp<Fence> previousReleaseFence;
     uint32_t transformHint = 0;
     uint32_t currentMaxAcquiredBufferCount = 0;
diff --git a/libs/gui/include/gui/SurfaceComposerClient.h b/libs/gui/include/gui/SurfaceComposerClient.h
index 61eeab3..731ac65 100644
--- a/libs/gui/include/gui/SurfaceComposerClient.h
+++ b/libs/gui/include/gui/SurfaceComposerClient.h
@@ -58,12 +58,13 @@
 using gui::IRegionSamplingListener;
 
 struct SurfaceControlStats {
-    SurfaceControlStats(const sp<SurfaceControl>& sc, nsecs_t latchTime, nsecs_t acquireTime,
+    SurfaceControlStats(const sp<SurfaceControl>& sc, nsecs_t latchTime,
+                        std::variant<nsecs_t, sp<Fence>> acquireTimeOrFence,
                         const sp<Fence>& presentFence, const sp<Fence>& prevReleaseFence,
                         uint32_t hint, FrameEventHistoryStats eventStats)
           : surfaceControl(sc),
             latchTime(latchTime),
-            acquireTime(acquireTime),
+            acquireTimeOrFence(std::move(acquireTimeOrFence)),
             presentFence(presentFence),
             previousReleaseFence(prevReleaseFence),
             transformHint(hint),
@@ -71,7 +72,7 @@
 
     sp<SurfaceControl> surfaceControl;
     nsecs_t latchTime = -1;
-    nsecs_t acquireTime = -1;
+    std::variant<nsecs_t, sp<Fence>> acquireTimeOrFence = -1;
     sp<Fence> presentFence;
     sp<Fence> previousReleaseFence;
     uint32_t transformHint = 0;
diff --git a/libs/gui/include/gui/test/CallbackUtils.h b/libs/gui/include/gui/test/CallbackUtils.h
index 6403208..62d1496 100644
--- a/libs/gui/include/gui/test/CallbackUtils.h
+++ b/libs/gui/include/gui/test/CallbackUtils.h
@@ -134,12 +134,15 @@
 
         void verifySurfaceControlStats(const SurfaceControlStats& surfaceControlStats,
                                        nsecs_t latchTime) const {
-            const auto& [surfaceControl, latch, acquireTime, presentFence, previousReleaseFence,
-                         transformHint, frameEvents] = surfaceControlStats;
+            const auto& [surfaceControl, latch, acquireTimeOrFence, presentFence,
+                         previousReleaseFence, transformHint, frameEvents] = surfaceControlStats;
 
-            ASSERT_EQ(acquireTime > 0, mBufferResult == ExpectedResult::Buffer::ACQUIRED)
+            ASSERT_TRUE(std::holds_alternative<nsecs_t>(acquireTimeOrFence));
+            ASSERT_EQ(std::get<nsecs_t>(acquireTimeOrFence) > 0,
+                      mBufferResult == ExpectedResult::Buffer::ACQUIRED)
                     << "bad acquire time";
-            ASSERT_LE(acquireTime, latchTime) << "acquire time should be <= latch time";
+            ASSERT_LE(std::get<nsecs_t>(acquireTimeOrFence), latchTime)
+                    << "acquire time should be <= latch time";
 
             if (mPreviousBufferResult == ExpectedResult::PreviousBuffer::RELEASED) {
                 ASSERT_NE(previousReleaseFence, nullptr)
diff --git a/services/surfaceflinger/BufferStateLayer.cpp b/services/surfaceflinger/BufferStateLayer.cpp
index fccd8f1..02e444d 100644
--- a/services/surfaceflinger/BufferStateLayer.cpp
+++ b/services/surfaceflinger/BufferStateLayer.cpp
@@ -416,8 +416,14 @@
             ? bufferData.acquireFence
             : Fence::NO_FENCE;
     mDrawingState.acquireFenceTime = std::make_unique<FenceTime>(mDrawingState.acquireFence);
-    // The acquire fences of BufferStateLayers have already signaled before they are set
-    mCallbackHandleAcquireTime = mDrawingState.acquireFenceTime->getSignalTime();
+    if (mDrawingState.acquireFenceTime->getSignalTime() == Fence::SIGNAL_TIME_PENDING) {
+        // We latched this buffer unsiganled, so we need to pass the acquire fence
+        // on the callback instead of just the acquire time, since it's unknown at
+        // this point.
+        mCallbackHandleAcquireTimeOrFence = mDrawingState.acquireFence;
+    } else {
+        mCallbackHandleAcquireTimeOrFence = mDrawingState.acquireFenceTime->getSignalTime();
+    }
 
     mDrawingState.modified = true;
     setTransactionFlags(eTransactionNeeded);
@@ -527,7 +533,7 @@
         // If this layer will be presented in this frame
         if (willPresent) {
             // If this transaction set an acquire fence on this layer, set its acquire time
-            handle->acquireTime = mCallbackHandleAcquireTime;
+            handle->acquireTimeOrFence = mCallbackHandleAcquireTimeOrFence;
             handle->frameNumber = mDrawingState.frameNumber;
 
             // Store so latched time and release fence can be set
@@ -540,7 +546,7 @@
     }
 
     mReleasePreviousBuffer = false;
-    mCallbackHandleAcquireTime = -1;
+    mCallbackHandleAcquireTimeOrFence = -1;
 
     return willPresent;
 }
diff --git a/services/surfaceflinger/BufferStateLayer.h b/services/surfaceflinger/BufferStateLayer.h
index 4256212..669eaad 100644
--- a/services/surfaceflinger/BufferStateLayer.h
+++ b/services/surfaceflinger/BufferStateLayer.h
@@ -145,7 +145,7 @@
 
     // Stores the last set acquire fence signal time used to populate the callback handle's acquire
     // time.
-    nsecs_t mCallbackHandleAcquireTime = -1;
+    std::variant<nsecs_t, sp<Fence>> mCallbackHandleAcquireTimeOrFence = -1;
 
     std::deque<std::shared_ptr<android::frametimeline::SurfaceFrame>> mPendingJankClassifications;
     // An upper bound on the number of SurfaceFrames in the pending classifications deque.
diff --git a/services/surfaceflinger/TransactionCallbackInvoker.cpp b/services/surfaceflinger/TransactionCallbackInvoker.cpp
index b705d9c..e1f348f 100644
--- a/services/surfaceflinger/TransactionCallbackInvoker.cpp
+++ b/services/surfaceflinger/TransactionCallbackInvoker.cpp
@@ -167,7 +167,7 @@
                                           handle->gpuCompositionDoneFence->getSnapshot().fence,
                                           handle->compositorTiming, handle->refreshStartTime,
                                           handle->dequeueReadyTime);
-        transactionStats->surfaceStats.emplace_back(surfaceControl, handle->acquireTime,
+        transactionStats->surfaceStats.emplace_back(surfaceControl, handle->acquireTimeOrFence,
                                                     handle->previousReleaseFence,
                                                     handle->transformHint,
                                                     handle->currentMaxAcquiredBufferCount,
diff --git a/services/surfaceflinger/TransactionCallbackInvoker.h b/services/surfaceflinger/TransactionCallbackInvoker.h
index 5ef5475..a68cd87 100644
--- a/services/surfaceflinger/TransactionCallbackInvoker.h
+++ b/services/surfaceflinger/TransactionCallbackInvoker.h
@@ -47,7 +47,7 @@
     std::string name;
     sp<Fence> previousReleaseFence;
     std::vector<std::shared_future<renderengine::RenderEngineResult>> previousReleaseFences;
-    nsecs_t acquireTime = -1;
+    std::variant<nsecs_t, sp<Fence>> acquireTimeOrFence = -1;
     nsecs_t latchTime = -1;
     uint32_t transformHint = 0;
     uint32_t currentMaxAcquiredBufferCount = 0;