Recorded audio is placed too early on the timeline

I’m using Cubase Artist 12 with a Behringer XR18 / X-AIR ASIO driver on Windows 11.

Recently, newly recorded audio started being placed slightly ahead of the backing track on the timeline. The same project previously recorded correctly.

Current settings:

  • Sample rate: 48 kHz
  • Input latency: 4.167 ms
  • Output latency: 4.500 ms
  • Record Shift: 0 samples
  • Adjust for Record Latency: ON

I have already tested:

  • Constrain Delay Compensation ON – no change
  • Adjust for Record Latency OFF – no change
  • A completely new audio track with direct XR18 input and no inserts – same problem

The recorded audio is still consistently placed too early.

What could cause Cubase to suddenly compensate the recording position incorrectly in a project that previously worked correctly?