diff --git a/changelogs/fragments/69352-netbsd-virtual-facts.yml b/changelogs/fragments/69352-netbsd-virtual-facts.yml
new file mode 100644
index 00000000000..eb7e8ef6b76
--- /dev/null
+++ b/changelogs/fragments/69352-netbsd-virtual-facts.yml
@@ -0,0 +1,2 @@
+breaking_changes:
+  - NetBSD virtualization facts (specifically ``ansible_virtualization_type``) now returns a more accurate value by checking the value of the ``machdep.hypervisor`` ``sysctl`` key. This change is breaking because in some cases previously, we would erroneously report ``xen`` even when the target is not running on Xen. This prevents that behavior in most cases. (https://github.com/ansible/ansible/issues/69352)
diff --git a/docs/docsite/rst/porting_guides/porting_guide_2.11.rst b/docs/docsite/rst/porting_guides/porting_guide_2.11.rst
index b186be79c5f..d6e1968b493 100644
--- a/docs/docsite/rst/porting_guides/porting_guide_2.11.rst
+++ b/docs/docsite/rst/porting_guides/porting_guide_2.11.rst
@@ -57,7 +57,7 @@ No notable changes
 Noteworthy module changes
 -------------------------
 
-No notable changes
+* facts - ``ansible_virtualization_type`` now tries to report a more accurate result than ``xen`` when virtualized and not running on Xen.
 
 
 Plugins
diff --git a/lib/ansible/module_utils/facts/virtual/netbsd.py b/lib/ansible/module_utils/facts/virtual/netbsd.py
index 514ef8596ea..eb37b595af4 100644
--- a/lib/ansible/module_utils/facts/virtual/netbsd.py
+++ b/lib/ansible/module_utils/facts/virtual/netbsd.py
@@ -38,7 +38,15 @@ class NetBSDVirtual(Virtual, VirtualSysctlDetectionMixin):
             virtual_vendor_facts = self.detect_virt_vendor('machdep.dmi.system-vendor')
             virtual_facts.update(virtual_vendor_facts)
 
-        if os.path.exists('/dev/xencons'):
+        # The above logic is tried first for backwards compatibility. If
+        # something above matches, use it. Otherwise if the result is still
+        # empty, try machdep.hypervisor.
+        if virtual_facts['virtualization_type'] == '':
+            virtual_vendor_facts = self.detect_virt_vendor('machdep.hypervisor')
+            virtual_facts.update(virtual_vendor_facts)
+
+        if (virtual_facts['virtualization_type'] == '' and
+                os.path.exists('/dev/xencons')):
             virtual_facts['virtualization_type'] = 'xen'
             virtual_facts['virtualization_role'] = 'guest'
 
diff --git a/lib/ansible/module_utils/facts/virtual/sysctl.py b/lib/ansible/module_utils/facts/virtual/sysctl.py
index a159cc15d91..62bd8d406d7 100644
--- a/lib/ansible/module_utils/facts/virtual/sysctl.py
+++ b/lib/ansible/module_utils/facts/virtual/sysctl.py
@@ -38,9 +38,12 @@ class VirtualSysctlDetectionMixin(object):
                 elif out.rstrip() == 'VirtualBox':
                     virtual_product_facts['virtualization_type'] = 'virtualbox'
                     virtual_product_facts['virtualization_role'] = 'guest'
-                elif out.rstrip() == 'HVM domU':
+                elif re.match('(HVM domU|XenPVH|XenPV|XenPVHVM).*', out):
                     virtual_product_facts['virtualization_type'] = 'xen'
                     virtual_product_facts['virtualization_role'] = 'guest'
+                elif out.rstrip() == 'Hyper-V':
+                    virtual_product_facts['virtualization_type'] = 'Hyper-V'
+                    virtual_product_facts['virtualization_role'] = 'guest'
                 elif out.rstrip() == 'Parallels':
                     virtual_product_facts['virtualization_type'] = 'parallels'
                     virtual_product_facts['virtualization_role'] = 'guest'