diff --git a/lib/nvme/nvme.c b/lib/nvme/nvme.c
index ffe733ae9..dc657966f 100644
--- a/lib/nvme/nvme.c
+++ b/lib/nvme/nvme.c
@@ -711,7 +711,7 @@ spdk_nvme_transport_id_adrfam_str(enum spdk_nvmf_adrfam adrfam)
 int
 spdk_nvme_transport_id_parse(struct spdk_nvme_transport_id *trid, const char *str)
 {
-	const char *sep;
+	const char *sep, *sep1;
 	const char *whitespace = " \t\n";
 	size_t key_len, val_len;
 	char key[32];
@@ -731,6 +731,11 @@ spdk_nvme_transport_id_parse(struct spdk_nvme_transport_id *trid, const char *st
 				SPDK_ERRLOG("Key without ':' or '=' separator\n");
 				return -EINVAL;
 			}
+		} else {
+			sep1 = strchr(str, '=');
+			if ((sep1 != NULL) && (sep1 < sep)) {
+				sep = sep1;
+			}
 		}
 
 		key_len = sep - str;
diff --git a/test/unit/lib/nvme/nvme.c/nvme_ut.c b/test/unit/lib/nvme/nvme.c/nvme_ut.c
index a339cb8e9..6925a2cfd 100644
--- a/test/unit/lib/nvme/nvme.c/nvme_ut.c
+++ b/test/unit/lib/nvme/nvme.c/nvme_ut.c
@@ -913,6 +913,11 @@ test_trid_parse_and_compare(void)
 	CU_ASSERT(spdk_nvme_transport_id_parse(&trid1, "trtype:PCIe traddr:0000:04:00.0") == 0);
 	CU_ASSERT(spdk_nvme_transport_id_parse(&trid2, "trtype:PCIe traddr:05:00.0") == 0);
 	CU_ASSERT(spdk_nvme_transport_id_compare(&trid1, &trid2) < 0);
+
+	memset_trid(&trid1, &trid2);
+	CU_ASSERT(spdk_nvme_transport_id_parse(&trid1, "trtype=PCIe traddr=0000:04:00.0") == 0);
+	CU_ASSERT(spdk_nvme_transport_id_parse(&trid2, "trtype=PCIe traddr=05:00.0") == 0);
+	CU_ASSERT(spdk_nvme_transport_id_compare(&trid1, &trid2) < 0);
 }
 
 static void