diff --git a/externals/CMakeLists.txt b/externals/CMakeLists.txt
index 96b473773f..633c2e3b6e 100644
--- a/externals/CMakeLists.txt
+++ b/externals/CMakeLists.txt
@@ -31,6 +31,10 @@ add_subdirectory(catch2)
 # Crypto++
 add_subdirectory(cryptopp)
 
+# fmt and Xbyak need to be added before dynarmic
+# libfmt
+add_subdirectory(fmt)
+
 # Xbyak
 if (ARCHITECTURE_x86_64)
     add_library(xbyak INTERFACE)
@@ -48,9 +52,6 @@ if (ARCHITECTURE_x86_64 OR ARCHITECTURE_ARM64)
     add_subdirectory(dynarmic)
 endif()
 
-# libfmt
-add_subdirectory(fmt)
-
 # getopt
 if (MSVC)
     add_subdirectory(getopt)