Asymmetric power states on a communication link are disclosed. In one aspect, the communication link is a Peripheral Component Interconnect (PCI) express (PCIe) link. PCIe is a point-to-point communication link between two termini. Exemplary aspects of the present disclosure allow the two termini to be in different power states. By allowing the two termini to be in the different power states, an individual terminus may be put into a low-power state even though the other terminus is maintained at a higher-power state. The different power states are enabled by providing switches between a reference clock and respective termini such that the reference clock may selectively be provided to only one terminus of the communication link, allowing that terminus to remain in the higher-power state while the other terminus enters a low-power state that does not require the reference clock.