diff --git a/kotlin-native/shared/src/main/kotlin/org/jetbrains/kotlin/konan/target/Linker.kt b/kotlin-native/shared/src/main/kotlin/org/jetbrains/kotlin/konan/target/Linker.kt
index e91e7e1e2b8..b589587b453 100644
--- a/kotlin-native/shared/src/main/kotlin/org/jetbrains/kotlin/konan/target/Linker.kt
+++ b/kotlin-native/shared/src/main/kotlin/org/jetbrains/kotlin/konan/target/Linker.kt
@@ -466,7 +466,13 @@ class MingwLinker(targetProperties: MingwConfigurables)
             // --gc-sections flag may affect profiling.
             // See https://clang.llvm.org/docs/SourceBasedCodeCoverage.html#drawbacks-and-limitations.
             // TODO: switching to lld may help.
-            if (optimize && !needsProfileLibrary) +linkerOptimizationFlags
+            if (optimize && !needsProfileLibrary) {
+                // TODO: Can be removed after LLD update.
+                //  See KT-48085.
+                if (!dynamic) {
+                    +linkerOptimizationFlags
+                }
+            }
             if (!debug) +linkerNoDebugFlags
             if (dynamic) +linkerDynamicFlags
             +libraries