diff --git a/gateway-cli/src/main.rs b/gateway-cli/src/main.rs
index 8a01c2b9d9..662f98d5c0 100644
--- a/gateway-cli/src/main.rs
+++ b/gateway-cli/src/main.rs
@@ -435,8 +435,10 @@ async fn main() -> Result<()> {
                 .into_inner();
             dumper.dump(&info)?;
         }
-        Command::ComponentClearStatus { .. } => {
-            todo!("missing MGS endpoint");
+        Command::ComponentClearStatus { sp, component } => {
+            client
+                .sp_component_clear_status(sp.type_, sp.slot, &component)
+                .await?;
         }
         Command::UsartAttach {
             sp,
diff --git a/gateway/src/http_entrypoints.rs b/gateway/src/http_entrypoints.rs
index 336236a710..5a25bf7f6e 100644
--- a/gateway/src/http_entrypoints.rs
+++ b/gateway/src/http_entrypoints.rs
@@ -621,6 +621,28 @@ async fn sp_component_get(
     Ok(HttpResponseOk(details.entries.into_iter().map(Into::into).collect()))
 }
 
+/// Clear status of a component
+///
+/// For components that maintain event counters (e.g., the sidecar `monorail`),
+/// this will reset the event counters to zero.
+#[endpoint {
+    method = POST,
+    path = "/sp/{type}/{slot}/component/{component}/clear-status",
+}]
+async fn sp_component_clear_status(
+    rqctx: RequestContext<Arc<ServerContext>>,
+    path: Path<PathSpComponent>,
+) -> Result<HttpResponseUpdatedNoContent, HttpError> {
+    let apictx = rqctx.context();
+    let PathSpComponent { sp, component } = path.into_inner();
+    let sp = apictx.mgmt_switch.sp(sp.into())?;
+    let component = component_from_str(&component)?;
+
+    sp.component_clear_status(component).await.map_err(SpCommsError::from)?;
+
+    Ok(HttpResponseUpdatedNoContent {})
+}
+
 /// Get the currently-active slot for an SP component
 ///
 /// Note that the meaning of "current" in "currently-active" may vary depending
@@ -1052,6 +1074,7 @@ pub fn api() -> GatewayApiDescription {
         api.register(sp_power_state_set)?;
         api.register(sp_component_list)?;
         api.register(sp_component_get)?;
+        api.register(sp_component_clear_status)?;
         api.register(sp_component_active_slot_get)?;
         api.register(sp_component_active_slot_set)?;
         api.register(sp_component_serial_console_attach)?;
diff --git a/openapi/gateway.json b/openapi/gateway.json
index 9211662d7f..2e7cf580ce 100644
--- a/openapi/gateway.json
+++ b/openapi/gateway.json
@@ -452,6 +452,53 @@
         }
       }
     },
+    "/sp/{type}/{slot}/component/{component}/clear-status": {
+      "post": {
+        "summary": "Clear status of a component",
+        "description": "For components that maintain event counters (e.g., the sidecar `monorail`), this will reset the event counters to zero.",
+        "operationId": "sp_component_clear_status",
+        "parameters": [
+          {
+            "in": "path",
+            "name": "component",
+            "description": "ID for the component of the SP; this is the internal identifier used by the SP itself to identify its components.",
+            "required": true,
+            "schema": {
+              "type": "string"
+            }
+          },
+          {
+            "in": "path",
+            "name": "slot",
+            "required": true,
+            "schema": {
+              "type": "integer",
+              "format": "uint32",
+              "minimum": 0
+            }
+          },
+          {
+            "in": "path",
+            "name": "type",
+            "required": true,
+            "schema": {
+              "$ref": "#/components/schemas/SpType"
+            }
+          }
+        ],
+        "responses": {
+          "204": {
+            "description": "resource updated"
+          },
+          "4XX": {
+            "$ref": "#/components/responses/Error"
+          },
+          "5XX": {
+            "$ref": "#/components/responses/Error"
+          }
+        }
+      }
+    },
     "/sp/{type}/{slot}/component/{component}/serial-console/attach": {
       "get": {
         "summary": "Upgrade into a websocket connection attached to the given SP component's",