diff --git a/bin/resources/shaders/dx11/tfx.fx b/bin/resources/shaders/dx11/tfx.fx
index 0aaff8b508..8996688c5c 100644
--- a/bin/resources/shaders/dx11/tfx.fx
+++ b/bin/resources/shaders/dx11/tfx.fx
@@ -139,8 +139,12 @@ struct PS_OUTPUT
 #endif
 #endif
 #endif
-#if PS_ZCLAMP || PS_ZFLOOR
-	float depth : SV_DepthLessEqual;
+#if (PS_ZFLOOR || PS_ZCLAMP)
+	#if PS_HAS_CONSERVATIVE_DEPTH
+		float depth : SV_DepthLessEqual;
+	#else
+		float depth : SV_Depth;
+	#endif
 #endif
 };
 
diff --git a/bin/resources/shaders/opengl/tfx_fs.glsl b/bin/resources/shaders/opengl/tfx_fs.glsl
index 3b0ea99095..3d8f69c7d6 100644
--- a/bin/resources/shaders/opengl/tfx_fs.glsl
+++ b/bin/resources/shaders/opengl/tfx_fs.glsl
@@ -113,7 +113,7 @@ layout(binding = 3) uniform sampler2D img_prim_min;
 //layout(pixel_center_integer) in vec4 gl_FragCoord;
 #endif
 
-#if (PS_ZFLOOR || PS_ZCLAMP) && HAS_CONSERVATIVE_DEPTH
+#if (PS_ZFLOOR || PS_ZCLAMP) && PS_HAS_CONSERVATIVE_DEPTH
 layout(depth_less) out float gl_FragDepth;
 #endif
 
diff --git a/pcsx2/GS/Renderers/DX11/GSDevice11.cpp b/pcsx2/GS/Renderers/DX11/GSDevice11.cpp
index 4a0f732614..195e7b3c60 100644
--- a/pcsx2/GS/Renderers/DX11/GSDevice11.cpp
+++ b/pcsx2/GS/Renderers/DX11/GSDevice11.cpp
@@ -599,6 +599,8 @@ void GSDevice11::SetFeatures(IDXGIAdapter1* adapter)
 	m_max_texture_size = (m_feature_level >= D3D_FEATURE_LEVEL_11_0) ?
 	                         D3D11_REQ_TEXTURE2D_U_OR_V_DIMENSION :
 	                         D3D10_REQ_TEXTURE2D_U_OR_V_DIMENSION;
+
+	m_conservative_depth = (m_feature_level >= D3D_FEATURE_LEVEL_11_0);
 }
 
 bool GSDevice11::HasSurface() const
@@ -1721,6 +1723,7 @@ void GSDevice11::SetupPS(const PSSelector& sel, const GSHWDrawConfig::PSConstant
 		ShaderMacro sm;
 
 		sm.AddMacro("PIXEL_SHADER", 1);
+		sm.AddMacro("PS_HAS_CONSERVATIVE_DEPTH", m_conservative_depth);
 		sm.AddMacro("PS_FST", sel.fst);
 		sm.AddMacro("PS_WMS", sel.wms);
 		sm.AddMacro("PS_WMT", sel.wmt);
diff --git a/pcsx2/GS/Renderers/DX11/GSDevice11.h b/pcsx2/GS/Renderers/DX11/GSDevice11.h
index 52284097e0..f25e8482c7 100644
--- a/pcsx2/GS/Renderers/DX11/GSDevice11.h
+++ b/pcsx2/GS/Renderers/DX11/GSDevice11.h
@@ -136,6 +136,7 @@ private:
 	bool m_using_flip_model_swap_chain = true;
 	bool m_using_allow_tearing = false;
 	bool m_is_exclusive_fullscreen = false;
+	bool m_conservative_depth = false;
 
 	struct
 	{
diff --git a/pcsx2/GS/Renderers/DX12/GSDevice12.cpp b/pcsx2/GS/Renderers/DX12/GSDevice12.cpp
index 7ac4fd30c9..b574425fe7 100644
--- a/pcsx2/GS/Renderers/DX12/GSDevice12.cpp
+++ b/pcsx2/GS/Renderers/DX12/GSDevice12.cpp
@@ -3048,6 +3048,7 @@ const ID3DBlob* GSDevice12::GetTFXPixelShader(const GSHWDrawConfig::PSSelector&
 
 	ShaderMacro sm;
 	sm.AddMacro("PIXEL_SHADER", 1);
+	sm.AddMacro("PS_HAS_CONSERVATIVE_DEPTH", 1);
 	sm.AddMacro("PS_FST", sel.fst);
 	sm.AddMacro("PS_WMS", sel.wms);
 	sm.AddMacro("PS_WMT", sel.wmt);
diff --git a/pcsx2/GS/Renderers/OpenGL/GSDeviceOGL.cpp b/pcsx2/GS/Renderers/OpenGL/GSDeviceOGL.cpp
index 9e08ac771f..98317798b5 100644
--- a/pcsx2/GS/Renderers/OpenGL/GSDeviceOGL.cpp
+++ b/pcsx2/GS/Renderers/OpenGL/GSDeviceOGL.cpp
@@ -1301,11 +1301,11 @@ std::string GSDeviceOGL::GenGlslHeader(const std::string_view entry, GLenum type
 	if (GLAD_GL_ARB_conservative_depth)
 	{
 		header += "#extension GL_ARB_conservative_depth : enable\n";
-		header += "#define HAS_CONSERVATIVE_DEPTH 1\n";
+		header += "#define PS_HAS_CONSERVATIVE_DEPTH 1\n";
 	}
 	else
 	{
-		header += "#define HAS_CONSERVATIVE_DEPTH 0\n";
+		header += "#define PS_HAS_CONSERVATIVE_DEPTH 0\n";
 	}
 
 	// Allow to puts several shader in 1 files
diff --git a/pcsx2/ShaderCacheVersion.h b/pcsx2/ShaderCacheVersion.h
index d659752037..f2b527b719 100644
--- a/pcsx2/ShaderCacheVersion.h
+++ b/pcsx2/ShaderCacheVersion.h
@@ -3,4 +3,4 @@
 
 /// Version number for GS and other shaders. Increment whenever any of the contents of the
 /// shaders change, to invalidate the cache.
-static constexpr u32 SHADER_CACHE_VERSION = 81;
+static constexpr u32 SHADER_CACHE_VERSION = 82;