diff --git a/transformer_engine/pytorch/csrc/quantizer.cpp b/transformer_engine/pytorch/csrc/quantizer.cpp
index 0135c7f01c..c212d165cc 100644
--- a/transformer_engine/pytorch/csrc/quantizer.cpp
+++ b/transformer_engine/pytorch/csrc/quantizer.cpp
@@ -282,6 +282,7 @@ std::pair<TensorWrapper, py::object> Float8Quantizer::create_tensor(
     kwargs["fp8_dtype"] = py::cast(this->dtype);
     kwargs["data_transpose"] = transpose_py;
     kwargs["quantizer"] = this->quantizer;
+    kwargs["fake_dtype"] = GetATenDType(dtype);
 
     PyObject* result = PyObject_Call(reinterpret_cast<PyObject*>(Float8TensorStoragePythonClass),
                                      args.ptr(), kwargs.ptr());
@@ -597,6 +598,7 @@ std::pair<TensorWrapper, py::object> Float8CurrentScalingQuantizer::create_tenso
     kwargs["fp8_dtype"] = py::cast(this->dtype);
     kwargs["data_transpose"] = transpose_py;
     kwargs["quantizer"] = this->quantizer;
+    kwargs["fake_dtype"] = GetATenDType(dtype);
 
     py::tuple args(0);
     PyObject* result = PyObject_Call(reinterpret_cast<PyObject*>(Float8TensorStoragePythonClass),
@@ -966,6 +968,7 @@ std::pair<TensorWrapper, py::object> Float8BlockQuantizer::create_tensor(
     kwargs["fp8_dtype"] = py::cast(this->dtype);
     kwargs["quantizer"] = this->quantizer;
     kwargs["is_2D_scaled"] = py::cast(block_scaling_dim == 2);
+    kwargs["fake_dtype"] = GetATenDType(dtype);
 
     py::tuple args(0);
     PyObject* result =
@@ -1367,6 +1370,7 @@ std::pair<TensorWrapper, py::object> MXFP8Quantizer::create_tensor(const std::ve
     kwargs["fp8_dtype"] = py::cast(this->dtype);
     kwargs["quantizer"] = this->quantizer;
     kwargs["with_gemm_swizzled_scales"] = py::cast(with_gemm_swizzled_scales);
+    kwargs["fake_dtype"] = GetATenDType(dtype);
 
     PyObject* result = PyObject_Call(reinterpret_cast<PyObject*>(MXFP8TensorStoragePythonClass),
                                      args.ptr(), kwargs.ptr());
@@ -1773,6 +1777,7 @@ std::pair<TensorWrapper, py::object> NVFP4Quantizer::create_tensor(const std::ve
     kwargs["fp4_dtype"] = py::cast(this->dtype);
     kwargs["quantizer"] = this->quantizer;
     kwargs["with_gemm_swizzled_scales"] = py::cast(with_gemm_swizzled_scales);
+    kwargs["fake_dtype"] = GetATenDType(dtype);
 
     py::tuple args(0);
 
diff --git a/transformer_engine/pytorch/distributed.py b/transformer_engine/pytorch/distributed.py
index f269e21b8c..f3b6716200 100644
--- a/transformer_engine/pytorch/distributed.py
+++ b/transformer_engine/pytorch/distributed.py
@@ -1079,7 +1079,7 @@ def _start_all_gather_fp8_blockwise(
             device = inp._columnwise_data.device
         else:
             raise ValueError("Got Float8BlockwiseQTensorStorage input tensor without any data")
-        dtype = torch.bfloat16  # Only has fp8 dtype. Guess BF16 for dequant.
+        dtype = inp._dtype
     else:
         raise ValueError(
             "Invalid type for input tensor (expected torch.Tensor or"
@@ -1317,7 +1317,7 @@ def _all_gather_nvfp4(
         if inp._columnwise_data is not None:
             in_shape_t = inp._columnwise_data.size()
             device = inp._columnwise_data.device
-        dtype = torch.bfloat16
+        dtype = inp._dtype
     else:
         raise ValueError(
             "Invalid type for input tensor (expected torch.Tensor or NVFP4TensorStorage, "
@@ -1486,7 +1486,7 @@ def _all_gather_mxfp8(
             device = inp._columnwise_data.device
         else:
             raise ValueError("Got MXFP8 input tensor without any data")
-        dtype = torch.bfloat16  # Guess high-precision dtype.
+        dtype = inp._dtype
     else:
         raise ValueError(
             "Invalid type for input tensor (expected torch.Tensor or MXFP8TensorStorage, "
diff --git a/transformer_engine/pytorch/module/base.py b/transformer_engine/pytorch/module/base.py
index 9c21141a39..3dee5a4aed 100644
--- a/transformer_engine/pytorch/module/base.py
+++ b/transformer_engine/pytorch/module/base.py
@@ -522,6 +522,7 @@ def fill_userbuffers_buffer_for_all_gather(
             data=global_tensor_data,
             fp8_scale_inv=local_tensor._scale_inv,
             fp8_dtype=local_tensor._fp8_dtype,
+            fake_dtype=local_tensor._dtype,
             quantizer=quantizer,
         )
         return global_tensor, local_tensor
@@ -596,6 +597,7 @@ def fill_userbuffers_buffer_for_all_gather(
             fp8_dtype=local_tensor._fp8_dtype,
             quantizer=quantizer,
             with_gemm_swizzled_scales=False,
+            fake_dtype=local_tensor._dtype,
         )
         return global_tensor, local_tensor
 
diff --git a/transformer_engine/pytorch/quantized_tensor.py b/transformer_engine/pytorch/quantized_tensor.py
index cb697bc197..6ef7247545 100644
--- a/transformer_engine/pytorch/quantized_tensor.py
+++ b/transformer_engine/pytorch/quantized_tensor.py
@@ -37,6 +37,7 @@ class QuantizedTensorStorage:
     XTensor should only implement the functionality needed
     to behave like regular torch.Tensor (like __torch_dispatch__)."""
 
+    _dtype: torch.dtype
     _quantizer: Optional[Quantizer]
 
     def update_usage(
@@ -367,10 +368,13 @@ def __new__(
         shape: Iterable[int],
         dtype: torch.dtype,
         *,
+        fake_dtype: Optional[torch.dtype] = None,
         requires_grad: bool = False,
         device: Optional[torch.device] = None,
         stride: Optional[Iterable[int]] = None,
     ):
+        if fake_dtype is not None and fake_dtype != dtype:
+            raise ValueError(f"fake_dtype ({fake_dtype}) does not match dtype ({dtype})")
         # For stride, We are assuming only contiguous tensors
         # Calculate stride from shape if not provided. When creating this object from
         # C++ code, we provide the stride computed from shape in C++ to avoid the
@@ -485,7 +489,7 @@ def clear(self):
         )
 
     def __repr__(self, *, tensor_contents=None) -> str:
-        return f"{self.__class__.__name__}(data={self.dequantize(dtype=self.dtype)})"
+        return f"{self.__class__.__name__}(data={self.dequantize()})"
 
     def float(self) -> torch.Tensor:
         # pylint: disable=missing-function-docstring
@@ -588,7 +592,7 @@ def __torch_dispatch__(cls, func, types, args, kwargs=None):
 
         def maybe_unwrap(arg):
             if isinstance(arg, QuantizedTensor):
-                return arg.dequantize(dtype=arg.dtype)
+                return arg.dequantize()
             return arg
 
         def maybe_update_inplace(arg, new_arg, schema_arg):
diff --git a/transformer_engine/pytorch/tensor/float8_blockwise_tensor.py b/transformer_engine/pytorch/tensor/float8_blockwise_tensor.py
index e65730c015..0fae40f786 100644
--- a/transformer_engine/pytorch/tensor/float8_blockwise_tensor.py
+++ b/transformer_engine/pytorch/tensor/float8_blockwise_tensor.py
@@ -326,7 +326,7 @@ def __repr__(self, *, tensor_contents=None):
         return (
             f"Float8BlockwiseQTensor(fp8_dtype={self._fp8_dtype},"
             f" is_2D_scaled={self._is_2D_scaled},"
-            f" data={self.dequantize(dtype=self.dtype)})"
+            f" data={self.dequantize()})"
         )
 
     def quantize_(
diff --git a/transformer_engine/pytorch/tensor/float8_tensor.py b/transformer_engine/pytorch/tensor/float8_tensor.py
index c60bb2308d..9cc00855cd 100644
--- a/transformer_engine/pytorch/tensor/float8_tensor.py
+++ b/transformer_engine/pytorch/tensor/float8_tensor.py
@@ -182,6 +182,7 @@ def create_tensor_from_data(
                 data=data,
                 fp8_scale_inv=1 / self.scale,
                 fp8_dtype=self.dtype,
+                fake_dtype=fake_dtype,
                 requires_grad=requires_grad,
                 data_transpose=None,
                 quantizer=self,
@@ -407,6 +408,7 @@ def create_tensor_from_data(
                 data=data,
                 fp8_scale_inv=torch.empty(1, dtype=torch.float32, device=data.device),
                 fp8_dtype=self.dtype,
+                fake_dtype=fake_dtype,
                 requires_grad=requires_grad,
                 data_transpose=None,
                 quantizer=self,
@@ -498,7 +500,7 @@ def __repr__(self, *, tensor_contents=None):
             "Float8Tensor("
             f"fp8_dtype={self._fp8_dtype}, "
             f"scale_inv={self._scale_inv.item()}, "
-            f"data={self.dequantize(dtype=self.dtype)}"
+            f"data={self.dequantize()}"
             ")"
         )
 
diff --git a/transformer_engine/pytorch/tensor/mxfp8_tensor.py b/transformer_engine/pytorch/tensor/mxfp8_tensor.py
index 96b6a67ea8..baff9cc2aa 100644
--- a/transformer_engine/pytorch/tensor/mxfp8_tensor.py
+++ b/transformer_engine/pytorch/tensor/mxfp8_tensor.py
@@ -296,7 +296,7 @@ def __new__(
         )
 
     def __repr__(self, *, tensor_contents=None):
-        return f"MXFP8Tensor(fp8_dtype={self._fp8_dtype}, data={self.dequantize(dtype=self.dtype)})"
+        return f"MXFP8Tensor(fp8_dtype={self._fp8_dtype}, data={self.dequantize()})"
 
     def dequantize(self, *, dtype: Optional[torch.dtype] = None) -> torch.Tensor:
         """
diff --git a/transformer_engine/pytorch/tensor/nvfp4_tensor.py b/transformer_engine/pytorch/tensor/nvfp4_tensor.py
index 4314fd248c..8ed1b4682c 100644
--- a/transformer_engine/pytorch/tensor/nvfp4_tensor.py
+++ b/transformer_engine/pytorch/tensor/nvfp4_tensor.py
@@ -450,7 +450,7 @@ def __new__(
         return instance
 
     def __repr__(self, *, tensor_contents=None):
-        return f"NVFP4Tensor, data={self.dequantize(dtype=self.dtype)})"
+        return f"NVFP4Tensor, data={self.dequantize()})"
 
     def dequantize(self, *, dtype: Optional[torch.dtype] = None) -> torch.Tensor:
         """
diff --git a/transformer_engine/pytorch/tensor/storage/float8_blockwise_tensor_storage.py b/transformer_engine/pytorch/tensor/storage/float8_blockwise_tensor_storage.py
index 2a86717017..52e292125e 100644
--- a/transformer_engine/pytorch/tensor/storage/float8_blockwise_tensor_storage.py
+++ b/transformer_engine/pytorch/tensor/storage/float8_blockwise_tensor_storage.py
@@ -46,12 +46,14 @@ def __new__(
         quantizer: Quantizer,
         is_2D_scaled: bool,
         *args,
+        fake_dtype: Optional[torch.dtype] = None,
         **kwargs,
     ):
         if cls is Float8BlockwiseQTensorStorage:
             instance = object.__new__(cls)
+            instance._dtype = fake_dtype if fake_dtype is not None else torch.float32
         else:
-            instance = super().__new__(cls, *args, **kwargs)
+            instance = super().__new__(cls, *args, fake_dtype=fake_dtype, **kwargs)
         instance._rowwise_data = rowwise_data
         instance._columnwise_data = columnwise_data
         instance._quantizer = quantizer.copy() if quantizer is not None else None
@@ -101,6 +103,7 @@ def get_metadata(self) -> Dict[str, Any]:
             "fp8_dtype": self._fp8_dtype,
             "quantizer": self._quantizer,
             "is_2D_scaled": self._is_2D_scaled,
+            "fake_dtype": self._dtype,
         }
 
     def prepare_for_saving(
@@ -149,7 +152,9 @@ def _transpose_dq_columnwise_output(self, columnwise_dq: torch.Tensor) -> torch.
         permute_dims.append(0)
         return torch.permute(columnwise_dq, tuple(permute_dims)).contiguous()
 
-    def _dequantize_vectorwise(self, *, dtype: torch.dtype = torch.float32) -> torch.Tensor:
+    def _dequantize_vectorwise(self, *, dtype: Optional[torch.dtype] = None) -> torch.Tensor:
+        if dtype is None:
+            dtype = self._dtype
         block_len = 128
 
         q_M, q_K = 1, 1
@@ -211,10 +216,12 @@ def _dequantize_vectorwise(self, *, dtype: torch.dtype = torch.float32) -> torch
             return self._transpose_dq_columnwise_output(result)
         return result
 
-    def dequantize(self, *, dtype: torch.dtype = torch.float32) -> torch.Tensor:
+    def dequantize(self, *, dtype: Optional[torch.dtype] = None) -> torch.Tensor:
         """
         Construct plain PyTorch tensor from Float8BlockwiseQTensor
         """
+        if dtype is None:
+            dtype = self._dtype
         block_len = 128
         if not self._is_2D_scaled:
             return self._dequantize_vectorwise(dtype=dtype)
diff --git a/transformer_engine/pytorch/tensor/storage/float8_tensor_storage.py b/transformer_engine/pytorch/tensor/storage/float8_tensor_storage.py
index a815b366b2..0fb7966c2f 100644
--- a/transformer_engine/pytorch/tensor/storage/float8_tensor_storage.py
+++ b/transformer_engine/pytorch/tensor/storage/float8_tensor_storage.py
@@ -75,14 +75,16 @@ def __new__(
         data: Optional[torch.Tensor],
         fp8_scale_inv: torch.Tensor,
         fp8_dtype: TE_DType,
+        fake_dtype: Optional[torch.dtype] = None,
         data_transpose: Optional[torch.Tensor] = None,
         quantizer: Optional[Quantizer] = None,
         **kwargs,
     ):
         if cls is Float8TensorStorage:
             instance = object.__new__(cls)
+            instance._dtype = fake_dtype if fake_dtype is not None else torch.float32
         else:
-            instance = super().__new__(cls, *args, **kwargs)
+            instance = super().__new__(cls, *args, fake_dtype=fake_dtype, **kwargs)
         instance._data = data
         instance._quantizer = quantizer.copy() if quantizer is not None else None
         instance._fp8_dtype = fp8_dtype
@@ -130,6 +132,7 @@ def get_metadata(self) -> Dict[str, Any]:
             "fp8_dtype": self._fp8_dtype,
             "data_transpose": self._transpose,
             "quantizer": self._quantizer,
+            "fake_dtype": self._dtype,
         }
 
     def prepare_for_saving(self) -> Tuple[list[Optional[torch.Tensor]], QuantizedTensorStorage]:
@@ -159,8 +162,10 @@ def get_data_tensors(self, rowwise_data: bool = True, columnwise_data: bool = Tr
             return self._transpose
         raise ValueError("No data to get, both rowwise_data and columnwise_data are False")
 
-    def dequantize(self, *, dtype: torch.dtype = torch.float32) -> torch.Tensor:
+    def dequantize(self, *, dtype: Optional[torch.dtype] = None) -> torch.Tensor:
         """Dequantize to a higher precision."""
+        if dtype is None:
+            dtype = self._dtype
         return _FromFloat8Func.forward(None, self, dtype)
 
     def size(self, *args, **kwargs):
@@ -192,6 +197,7 @@ def view(self, shape: torch.Size):
             data=out_data,
             fp8_scale_inv=self._scale_inv,
             fp8_dtype=self._fp8_dtype,
+            fake_dtype=self._dtype,
             data_transpose=out_transpose,
             quantizer=self._quantizer,
         )
diff --git a/transformer_engine/pytorch/tensor/storage/mxfp8_tensor_storage.py b/transformer_engine/pytorch/tensor/storage/mxfp8_tensor_storage.py
index 12757aa58c..d2fb7e0df2 100644
--- a/transformer_engine/pytorch/tensor/storage/mxfp8_tensor_storage.py
+++ b/transformer_engine/pytorch/tensor/storage/mxfp8_tensor_storage.py
@@ -84,12 +84,14 @@ def __new__(
         quantizer: Optional[Quantizer],
         with_gemm_swizzled_scales: bool,
         *args,
+        fake_dtype: Optional[torch.dtype] = None,
         **kwargs,
     ):
         if cls is MXFP8TensorStorage:
             instance = object.__new__(cls)
+            instance._dtype = fake_dtype if fake_dtype is not None else torch.float32
         else:
-            instance = super().__new__(cls, *args, **kwargs)
+            instance = super().__new__(cls, *args, fake_dtype=fake_dtype, **kwargs)
         instance._rowwise_data = rowwise_data
         instance._columnwise_data = columnwise_data
         instance._rowwise_scale_inv = rowwise_scale_inv
@@ -139,6 +141,7 @@ def get_metadata(self) -> Dict[str, Any]:
             "fp8_dtype": self._fp8_dtype,
             "quantizer": self._quantizer,
             "with_gemm_swizzled_scales": self._with_gemm_swizzled_scales,
+            "fake_dtype": self._dtype,
         }
 
     def prepare_for_saving(self) -> Tuple[list[Optional[torch.Tensor]], MXFP8TensorStorage]:
@@ -175,8 +178,10 @@ def get_data_tensors(self, rowwise_data: bool = True, columnwise_data: bool = Tr
             return self._columnwise_data
         raise ValueError("No data to get, both rowwise_data and columnwise_data are False")
 
-    def dequantize(self, *, dtype: torch.dtype = torch.float32) -> torch.Tensor:
+    def dequantize(self, *, dtype: Optional[torch.dtype] = None) -> torch.Tensor:
         """Dequantize to a higher precision."""
+        if dtype is None:
+            dtype = self._dtype
         return _FromMXFP8Func.forward(None, self, dtype)
 
     def size(self, *args, **kwargs):
@@ -238,6 +243,7 @@ def view(self, shape: torch.Size):
             fp8_dtype=self._fp8_dtype,
             quantizer=self._quantizer,
             with_gemm_swizzled_scales=self._with_gemm_swizzled_scales,
+            fake_dtype=self._dtype,
         )
 
     def __repr__(self):
diff --git a/transformer_engine/pytorch/tensor/storage/nvfp4_tensor_storage.py b/transformer_engine/pytorch/tensor/storage/nvfp4_tensor_storage.py
index e7509f3994..6d7f1efb88 100644
--- a/transformer_engine/pytorch/tensor/storage/nvfp4_tensor_storage.py
+++ b/transformer_engine/pytorch/tensor/storage/nvfp4_tensor_storage.py
@@ -106,10 +106,14 @@ def __new__(
         quantizer: Optional[Quantizer],
         with_gemm_swizzled_scales: bool,
         *args,
+        fake_dtype: Optional[torch.dtype] = None,
         **kwargs,
     ):
-
-        instance = super().__new__(cls, *args, **kwargs)
+        if cls is NVFP4TensorStorage:
+            instance = object.__new__(cls)
+            instance._dtype = fake_dtype if fake_dtype is not None else torch.float32
+        else:
+            instance = super().__new__(cls, *args, fake_dtype=fake_dtype, **kwargs)
 
         instance._rowwise_data = rowwise_data
         instance._columnwise_data = columnwise_data
@@ -168,6 +172,7 @@ def get_metadata(self) -> Dict[str, Any]:
             "fp4_dtype": self._fp4_dtype,
             "quantizer": self._quantizer,
             "with_gemm_swizzled_scales": self._with_gemm_swizzled_scales,
+            "fake_dtype": self._dtype,
         }
 
     def prepare_for_saving(self) -> Tuple[list[Optional[torch.Tensor]], NVFP4TensorStorage]:
@@ -204,8 +209,10 @@ def get_data_tensors(self):
         """Get this Tensor's data."""
         return self._rowwise_data, self._columnwise_data
 
-    def dequantize(self, *, dtype: torch.dtype = torch.float32) -> torch.Tensor:
+    def dequantize(self, *, dtype: Optional[torch.dtype] = None) -> torch.Tensor:
         """Dequantize to a higher precision."""
+        if dtype is None:
+            dtype = self._dtype
         return _FromNVFP4Func.forward(None, self, dtype)
 
     def size(self, dim: Optional[int] = None) -> Union[torch.Size, int]:
@@ -295,6 +302,7 @@ def view(self, shape: torch.Size):
             quantizer=self._quantizer,
             fp4_dtype=self._fp4_dtype,
             with_gemm_swizzled_scales=self._with_gemm_swizzled_scales,
+            fake_dtype=self._dtype,
         )
 
     def __repr__(self):
diff --git a/transformer_engine/pytorch/utils.py b/transformer_engine/pytorch/utils.py
index 47af9fabe1..43eb6f2de2 100644
--- a/transformer_engine/pytorch/utils.py
+++ b/transformer_engine/pytorch/utils.py
@@ -242,6 +242,7 @@ def forward(
                     fp8_dtype=mixed_x_layer._fp8_dtype,
                     data=x.squeeze(split_dim) if squeeze else x,
                     shape=x.squeeze(split_dim).shape if squeeze else x.shape,
+                    fake_dtype=mixed_x_layer._dtype,
                     quantizer=mixed_x_layer._quantizer,
                 )
                 for x in torch.split(