diff --git a/README.md b/README.md
index 4f08803..a97585a 100644
--- a/README.md
+++ b/README.md
@@ -93,11 +93,14 @@ The conversions supported cover the following cases.
   * For the experimental feature [`num-traits`][feat-exp-1-5], some
     missing supertraits were added to
     [`FixedOptionalFeatures`][tfof-1-5].
+  * Bug fix: multiplication of [`FixedI128`] was panicking for some
+    cases ([issue 26]).
 
 [f-wm-1-5]: https://tspiteri.gitlab.io/fixed/dev/fixed/struct.FixedI32.html#method.wide_mul
 [feat-1-5]: https://tspiteri.gitlab.io/fixed/dev/fixed/#optional-features
 [feat-exp-1-5]: https://tspiteri.gitlab.io/fixed/dev/fixed/#experimental-optional-features
 [issue 25]: https://gitlab.com/tspiteri/fixed/-/issues/25
+[issue 26]: https://gitlab.com/tspiteri/fixed/-/issues/26
 [tfof-1-5]: https://tspiteri.gitlab.io/fixed/dev/fixed/traits/trait.FixedOptionalFeatures.html
 [unw-1-5]: https://tspiteri.gitlab.io/fixed/dev/fixed/struct.Unwrapped.html
 
diff --git a/RELEASES.md b/RELEASES.md
index 91287d2..b891828 100644
--- a/RELEASES.md
+++ b/RELEASES.md
@@ -21,11 +21,14 @@ Version 1.5.0 (unreleased)
   * For the experimental feature [`num-traits`][feat-exp-1-5], some
     missing supertraits were added to
     [`FixedOptionalFeatures`][tfof-1-5].
+  * Bug fix: multiplication of [`FixedI128`] was panicking for some
+    cases ([issue 26]).
 
 [f-wm-1-5]: https://tspiteri.gitlab.io/fixed/dev/fixed/struct.FixedI32.html#method.wide_mul
 [feat-1-5]: https://tspiteri.gitlab.io/fixed/dev/fixed/#optional-features
 [feat-exp-1-5]: https://tspiteri.gitlab.io/fixed/dev/fixed/#experimental-optional-features
 [issue 25]: https://gitlab.com/tspiteri/fixed/-/issues/25
+[issue 26]: https://gitlab.com/tspiteri/fixed/-/issues/26
 [tfof-1-5]: https://tspiteri.gitlab.io/fixed/dev/fixed/traits/trait.FixedOptionalFeatures.html
 [unw-1-5]: https://tspiteri.gitlab.io/fixed/dev/fixed/struct.Unwrapped.html
 
diff --git a/src/arith.rs b/src/arith.rs
index 1db9bc7..ddbfba3 100644
--- a/src/arith.rs
+++ b/src/arith.rs
@@ -695,8 +695,9 @@ macro_rules! mul_div_fallback {
                     let partial_col12 = lh_rl + col01_hi as $Single;
                     let (col12, carry_col3) = partial_col12.carrying_add(ll_rh);
                     let (col12_hi, col12_lo) = col12.hi_lo();
+                    let (_, carry_col3_lo) = carry_col3.hi_lo();
                     let ans01 = col12_lo.shift_lo_up_unsigned() + col01_lo;
-                    let ans23 = lh_rh + col12_hi + carry_col3.shift_lo_up();
+                    let ans23 = lh_rh + col12_hi + carry_col3_lo.shift_lo_up();
                     ans23.combine_lo_then_shl(ans01, frac_nbits)
                 }
             }
@@ -721,8 +722,9 @@ macro_rules! mul_div_fallback {
                 let partial_col12 = lh_rl + col01_hi as $Single;
                 let (col12, carry_col3) = partial_col12.carrying_add(ll_rh);
                 let (col12_hi, col12_lo) = col12.hi_lo();
+                let (_, carry_col3_lo) = carry_col3.hi_lo();
                 let ans01 = col12_lo.shift_lo_up_unsigned() + col01_lo;
-                let ans23 = lh_rh + col12_hi + carry_col3.shift_lo_up();
+                let ans23 = lh_rh + col12_hi + carry_col3_lo.shift_lo_up();
                 ans23.combine_lo_then_shl_add(ans01, frac_nbits, add)
             }
 
@@ -998,4 +1000,59 @@ mod tests {
         assert_eq!(i0(0.25) % 1, i0(0.25));
         assert_eq!(i0(0.25).rem_euclid_int(1), i0(0.25));
     }
+
+    #[test]
+    fn issue_26() {
+        use crate::{
+            types::extra::{U120, U121, U122, U123, U124},
+            FixedI128, FixedU128,
+        };
+
+        // issue 26 is about FixedI128<U123>, the others are just some extra tests
+
+        let x: FixedI128<U120> = "-9.079999999999999999999".parse().unwrap();
+        let squared = x.checked_mul(x).unwrap();
+        assert!(82.44639 < squared && squared < 82.44641);
+        let msquared = (-x).checked_mul(x).unwrap();
+        assert!(-82.44641 < msquared && msquared < -82.44639);
+        assert_eq!(x.checked_mul(-x), Some(msquared));
+        assert_eq!((-x).checked_mul(-x), Some(squared));
+
+        // 82 requires 8 signed integer bits
+        let x: FixedI128<U121> = "-9.079999999999999999999".parse().unwrap();
+        assert!(x.checked_mul(x).is_none());
+        assert!((-x).checked_mul(x).is_none());
+        assert!(x.checked_mul(-x).is_none());
+        assert!((-x).checked_mul(-x).is_none());
+        let x: FixedI128<U122> = "-9.079999999999999999999".parse().unwrap();
+        assert!(x.checked_mul(x).is_none());
+        assert!((-x).checked_mul(x).is_none());
+        assert!(x.checked_mul(-x).is_none());
+        assert!((-x).checked_mul(-x).is_none());
+        let x: FixedI128<U123> = "-9.079999999999999999999".parse().unwrap();
+        assert!(x.checked_mul(x).is_none());
+        assert!((-x).checked_mul(x).is_none());
+        assert!(x.checked_mul(-x).is_none());
+        assert!((-x).checked_mul(-x).is_none());
+
+        let x: Result<FixedI128<U124>, _> = "-9.079999999999999999999".parse();
+        assert!(x.is_err());
+
+        // Test unsigned
+
+        let x: FixedU128<U120> = "9.079999999999999999999".parse().unwrap();
+        let squared = x.checked_mul(x).unwrap();
+        assert!(82.44639 < squared && squared < 82.44641);
+
+        // 82 requires 8 signed integer bits
+        let x: FixedU128<U122> = "9.079999999999999999999".parse().unwrap();
+        assert!(x.checked_mul(x).is_none());
+        let x: FixedU128<U123> = "9.079999999999999999999".parse().unwrap();
+        assert!(x.checked_mul(x).is_none());
+        let x: FixedU128<U124> = "9.079999999999999999999".parse().unwrap();
+        assert!(x.checked_mul(x).is_none());
+
+        let x: Result<FixedI128<U125>, _> = "9.079999999999999999999".parse();
+        assert!(x.is_err());
+    }
 }