diff --git a/CMakeLists.txt b/CMakeLists.txt
index 5cba6ee3a8b..59d413171aa 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -275,6 +275,11 @@ if(NOT CONFIG_PICOLIBC)
   zephyr_compile_options($<$<COMPILE_LANGUAGE:ASM>:$<TARGET_PROPERTY:compiler,freestanding>>)
 endif()
 
+if (CONFIG_PICOLIBC AND NOT CONFIG_PICOLIBC_IO_FLOAT)
+  # @Intent: Set compiler specific flag to disable printf-related optimizations
+  zephyr_compile_options($<$<COMPILE_LANGUAGE:C>:$<TARGET_PROPERTY:compiler,no_printf_return_value>>)
+endif()
+
 # @Intent: Set compiler specific flag for tentative definitions, no-common
 zephyr_compile_options($<TARGET_PROPERTY:compiler,no_common>)
 
diff --git a/cmake/compiler/compiler_flags_template.cmake b/cmake/compiler/compiler_flags_template.cmake
index 543b9d6b594..9fd4bffc364 100644
--- a/cmake/compiler/compiler_flags_template.cmake
+++ b/cmake/compiler/compiler_flags_template.cmake
@@ -74,6 +74,8 @@ set_property(TARGET compiler-cpp PROPERTY no_exceptions)
 # Flag for disabling rtti in C++
 set_property(TARGET compiler-cpp PROPERTY no_rtti)
 
+# Flag for disabling optimizations around printf return value
+set_compiler_property(PROPERTY no_printf_return_value)
 
 ###################################################
 # This section covers all remaining C / C++ flags #
diff --git a/cmake/compiler/gcc/compiler_flags.cmake b/cmake/compiler/gcc/compiler_flags.cmake
index a02d5f24967..eeeed7dfdf4 100644
--- a/cmake/compiler/gcc/compiler_flags.cmake
+++ b/cmake/compiler/gcc/compiler_flags.cmake
@@ -111,6 +111,8 @@ if (NOT CONFIG_NEWLIB_LIBC AND
   set_compiler_property(APPEND PROPERTY nostdinc_include ${NOSTDINC})
 endif()
 
+set_compiler_property(PROPERTY no_printf_return_value -fno-printf-return-value)
+
 set_compiler_property(TARGET compiler-cpp PROPERTY nostdincxx "-nostdinc++")
 
 # Required C++ flags when using gcc