Hypervisor page fault processing logic is provided for a shared memory partition data processing system. The logic, responsive to an executing virtual processor of the shared memory partition data processing system encountering a hypervisor page fault, allocates an input/output (I/O) paging request to the virtual processor from an I/O paging request pool and increments an outstanding I/O paging request count for the virtual processor. A determination is then made whether the outstanding I/O paging request count for the virtual processor is at a predefined threshold, and if not, the logic places the virtual processor in a wait state with interrupt wake-up reasons enabled based on the virtual processor's state, otherwise, it places the virtual processor in a wait state with interrupt wake-up reasons disabled.