diff --git a/lld/MinGW/Driver.cpp b/lld/MinGW/Driver.cpp
--- a/lld/MinGW/Driver.cpp
+++ b/lld/MinGW/Driver.cpp
@@ -427,7 +427,10 @@
     return false;
 
   if (args.hasArg(OPT_verbose) || args.hasArg(OPT__HASH_HASH_HASH))
-    lld::outs() << llvm::join(linkArgs, " ") << "\n";
+    // Print to stdout if testing with -###, otherwise to stderr like other
+    // regular logging.
+    (args.hasArg(OPT__HASH_HASH_HASH) ? lld::outs() : lld::errs())
+        << llvm::join(linkArgs, " ") << "\n";
 
   if (args.hasArg(OPT__HASH_HASH_HASH))
     return true;