diff --git a/megatron/core/transformer/multi_token_prediction.py b/megatron/core/transformer/multi_token_prediction.py
index 039c4eb5644..fec599ce2e0 100755
--- a/megatron/core/transformer/multi_token_prediction.py
+++ b/megatron/core/transformer/multi_token_prediction.py
@@ -642,10 +642,13 @@ def process_mtp_loss(
     Returns:
         Tensor: Updated hidden states after MTP loss processing (first chunk only).
     """
-    mtp_labels = labels.clone()
     hidden_states_list = torch.chunk(hidden_states, 1 + config.mtp_num_layers, dim=0)
     hidden_states = hidden_states_list[0]
 
+    if labels is None:
+        return hidden_states
+
+    mtp_labels = labels.clone()
     if loss_mask is None:
         loss_mask = torch.ones_like(mtp_labels)