diff --git a/compiler/rustc_ast_lowering/src/format.rs b/compiler/rustc_ast_lowering/src/format.rs
index 3f84e6b100d11..d2c3b8b2d5652 100644
--- a/compiler/rustc_ast_lowering/src/format.rs
+++ b/compiler/rustc_ast_lowering/src/format.rs
@@ -604,8 +604,7 @@ fn may_contain_yield_point(e: &ast::Expr) -> bool {
             if let ast::ExprKind::Await(_, _) | ast::ExprKind::Yield(_) = e.kind {
                 ControlFlow::Break(())
             } else {
-                visit::walk_expr(self, e);
-                ControlFlow::Continue(())
+                visit::walk_expr(self, e)
             }
         }
 
diff --git a/tests/ui/fmt/nested-awaits-issue-122674.rs b/tests/ui/fmt/nested-awaits-issue-122674.rs
new file mode 100644
index 0000000000000..f250933dadb48
--- /dev/null
+++ b/tests/ui/fmt/nested-awaits-issue-122674.rs
@@ -0,0 +1,22 @@
+// Non-regression test for issue #122674: a change in the format args visitor missed nested awaits.
+
+//@ edition: 2021
+//@ check-pass
+
+pub fn f1() -> impl std::future::Future<Output = Result<(), String>> + Send {
+    async {
+        should_work().await?;
+        Ok(())
+    }
+}
+
+async fn should_work() -> Result<String, String> {
+    let x = 1;
+    Err(format!("test: {}: {}", x, inner().await?))
+}
+
+async fn inner() -> Result<String, String> {
+    Ok("test".to_string())
+}
+
+fn main() {}