diff --git a/src/fm95.c b/src/fm95.c
index 3ef998e..4c2d711 100644
--- a/src/fm95.c
+++ b/src/fm95.c
@@ -214,8 +214,7 @@ int run_fm95(const FM95_Config config, FM95_Runtime* runtime) {
 
 			float l = audio_stereo_input[2*i+0]*config.audio_preamp;
 			float r = audio_stereo_input[2*i+1]*config.audio_preamp;
-			if(config.preemphasis != 0) l = apply_preemphasis(&preemp_l, l);
-			if(config.preemphasis != 0) r = apply_preemphasis(&preemp_r, r);
+
 			if(config.lpf_cutoff != 0) iirfilt_rrrf_execute(lpf_l, l, &l);
 			if(config.lpf_cutoff != 0) iirfilt_rrrf_execute(lpf_r, r, &r);
 
@@ -223,6 +222,9 @@ int run_fm95(const FM95_Config config, FM95_Runtime* runtime) {
 			l *= agc_gain;
 			r *= agc_gain;
 
+			if(config.preemphasis != 0) l = apply_preemphasis(&preemp_l, l);
+			if(config.preemphasis != 0) r = apply_preemphasis(&preemp_r, r);
+
 			l = hard_clip(l*config.audio_volume, config.clipper_threshold);
 			r = hard_clip(r*config.audio_volume, config.clipper_threshold);