diff --git a/src/plugins/projectexplorer/panelswidget.cpp b/src/plugins/projectexplorer/panelswidget.cpp
index 488390e8226..1fd98512dc9 100644
--- a/src/plugins/projectexplorer/panelswidget.cpp
+++ b/src/plugins/projectexplorer/panelswidget.cpp
@@ -55,18 +55,18 @@ const int PANEL_LEFT_MARGIN = 70;
 // PanelsWidget
 ///
 
-PanelsWidget::PanelsWidget(QWidget *parent) : QWidget(parent)
+PanelsWidget::PanelsWidget(QWidget *parent)
+    : QWidget(parent), m_splitter(new Core::MiniSplitter(this))
 {
-    const auto splitter = new Core::MiniSplitter(this);
     m_root = new QWidget(nullptr);
     m_root->setFocusPolicy(Qt::NoFocus);
     m_root->setContentsMargins(0, 0, 40, 0);
-    splitter->addWidget(m_root);
-    splitter->addWidget(new QWidget);
-    splitter->setStretchFactor(1, 100); // Force root widget to its minimum size initially
+    m_splitter->addWidget(m_root);
+    m_splitter->addWidget(new QWidget);
+    m_splitter->setStretchFactor(1, 100); // Force root widget to its minimum size initially
 
     const auto scroller = new QScrollArea(this);
-    scroller->setWidget(splitter);
+    scroller->setWidget(m_splitter);
     scroller->setFrameStyle(QFrame::NoFrame);
     scroller->setWidgetResizable(true);
     scroller->setFocusPolicy(Qt::NoFocus);
@@ -153,4 +153,14 @@ void PanelsWidget::addPropertiesPanel(const QString &displayName, const QIcon &i
     m_layout->addWidget(widget, widgetRow, 0, 1, 2);
 }
 
+QByteArray PanelsWidget::saveSplitterState() const
+{
+    return m_splitter->saveState().toHex();
+}
+
+void PanelsWidget::loadSplitterState(const QByteArray &state)
+{
+    m_splitter->restoreState(QByteArray::fromHex(state));
+}
+
 } // ProjectExplorer
diff --git a/src/plugins/projectexplorer/panelswidget.h b/src/plugins/projectexplorer/panelswidget.h
index 1be7723aaad..35e57351f11 100644
--- a/src/plugins/projectexplorer/panelswidget.h
+++ b/src/plugins/projectexplorer/panelswidget.h
@@ -34,6 +34,8 @@ class QGridLayout;
 class QIcon;
 QT_END_NAMESPACE
 
+namespace Core { class MiniSplitter; }
+
 namespace ProjectExplorer {
 
 class PROJECTEXPLORER_EXPORT PanelsWidget : public QWidget
@@ -49,8 +51,12 @@ public:
     void addPropertiesPanel(const QString &displayName, const QIcon &icon,
                             QWidget *widget);
 
+    QByteArray saveSplitterState() const;
+    void loadSplitterState(const QByteArray &state);
+
 private:
     QGridLayout *m_layout;
+    Core::MiniSplitter * const m_splitter;
     QWidget *m_root;
 };
 
diff --git a/src/plugins/projectexplorer/targetsettingspanel.cpp b/src/plugins/projectexplorer/targetsettingspanel.cpp
index e5a25c0b5fc..5d6970710c0 100644
--- a/src/plugins/projectexplorer/targetsettingspanel.cpp
+++ b/src/plugins/projectexplorer/targetsettingspanel.cpp
@@ -613,13 +613,32 @@ public:
     QWidget *panel() const
     {
         if (!m_panel) {
-            m_panel = (m_subIndex == RunPage)
-                    ? new PanelsWidget(RunSettingsWidget::tr("Run Settings"),
-                                       QIcon(":/projectexplorer/images/RunSettings.png"),
-                                       new RunSettingsWidget(target()))
-                    : new PanelsWidget(QCoreApplication::translate("BuildSettingsPanel", "Build Settings"),
-                                       QIcon(":/projectexplorer/images/BuildSettings.png"),
-                                       new BuildSettingsWidget(target()));
+            QString splitterStateKey = "PanelSplitterState:"
+                    + m_project->projectFilePath().toString() + ':';
+            if (m_subIndex == RunPage) {
+                splitterStateKey += "Run";
+                m_panel = new PanelsWidget(RunSettingsWidget::tr("Run Settings"),
+                                           QIcon(":/projectexplorer/images/RunSettings.png"),
+                                           new RunSettingsWidget(target()));
+            } else {
+                splitterStateKey += "Build";
+                m_panel = new PanelsWidget(QCoreApplication::translate("BuildSettingsPanel", "Build Settings"),
+                                           QIcon(":/projectexplorer/images/BuildSettings.png"),
+                                           new BuildSettingsWidget(target()));
+            }
+            const auto panel = qobject_cast<PanelsWidget *>(m_panel.data());
+            const auto loadSplitterValue = [panel, splitterStateKey] {
+                const QByteArray splitterState = SessionManager::value(splitterStateKey).toByteArray();
+                if (!splitterState.isEmpty())
+                    panel->loadSplitterState(splitterState);
+            };
+            loadSplitterValue();
+            QObject::connect(SessionManager::instance(), &SessionManager::aboutToSaveSession,
+                             panel, [panel, splitterStateKey] {
+                SessionManager::setValue(splitterStateKey, panel->saveSplitterState());
+            });
+            QObject::connect(SessionManager::instance(), &SessionManager::sessionLoaded,
+                             panel, loadSplitterValue);
         }
         return m_panel;
     }