diff --git a/tests/integration/test_lists/waives.txt b/tests/integration/test_lists/waives.txt
index aecffe000c0d..2fa12c93d5fe 100644
--- a/tests/integration/test_lists/waives.txt
+++ b/tests/integration/test_lists/waives.txt
@@ -387,3 +387,4 @@ test_e2e.py::test_ptp_quickstart_multimodal_multiturn[gemma-3-27b-it-gemma/gemma
 unittest/executor/test_rpc.py::test_rpc_without_response_performance SKIP (https://nvbugs/5596365)
 unittest/executor/test_rpc_worker.py::TestRpcWorkerTP1::test_fetch_stats_loop_async SKIP (https://nvbugs/5583261)
 unittest/llmapi/test_llm_pytorch.py::test_llm_capture_request_error SKIP (https://nvbugs/5599176)
+examples/test_phi.py::test_phi_fp8_with_bf16_lora[Phi-3.5-MoE-instruct] SKIP (https://nvbugs/5465143)