diff --git a/src/Result.php b/src/Result.php
index 9b3a83e5..98e9e8b6 100644
--- a/src/Result.php
+++ b/src/Result.php
@@ -40,9 +40,20 @@ final class Result
      */
     public static function exitCode(Configuration $configuration, TestResult $result): int
     {
-        if ($result->wasSuccessfulIgnoringPhpunitWarnings()
-            && ! $result->hasTestTriggeredPhpunitWarningEvents()) {
-            return self::SUCCESS_EXIT;
+        if ($result->wasSuccessfulIgnoringPhpunitWarnings()) {
+            if ($configuration->failOnWarning()) {
+                $warnings = $result->numberOfTestsWithTestTriggeredPhpunitWarningEvents()
+                    + count($result->warnings())
+                    + count($result->phpWarnings());
+
+                if ($warnings > 0) {
+                    return self::FAILURE_EXIT;
+                }
+            }
+
+            if (! $result->hasTestTriggeredPhpunitWarningEvents()) {
+                return self::SUCCESS_EXIT;
+            }
         }
 
         if ($configuration->failOnEmptyTestSuite() && ResultReflection::numberOfTests($result) === 0) {
@@ -54,14 +65,6 @@ final class Result
                 $returnCode = self::FAILURE_EXIT;
             }
 
-            $warnings = $result->numberOfTestsWithTestTriggeredPhpunitWarningEvents()
-                + count($result->warnings())
-                + count($result->phpWarnings());
-
-            if ($configuration->failOnWarning() && $warnings > 0) {
-                $returnCode = self::FAILURE_EXIT;
-            }
-
             if ($configuration->failOnIncomplete() && $result->hasTestMarkedIncompleteEvents()) {
                 $returnCode = self::FAILURE_EXIT;
             }