diff --git a/llvm/cmake/modules/HandleLLVMOptions.cmake b/llvm/cmake/modules/HandleLLVMOptions.cmake
--- a/llvm/cmake/modules/HandleLLVMOptions.cmake
+++ b/llvm/cmake/modules/HandleLLVMOptions.cmake
@@ -277,6 +277,17 @@
   endif()
 endfunction()
 
+function(has_msvc_incremental_no_flag flags incr_no_flag_on)
+  set(${incr_no_flag_on} OFF PARENT_SCOPE)
+  string(FIND "${flags}" "/INCREMENTAL" idx REVERSE)
+  if (${idx} GREATER -1)
+    string(SUBSTRING "${flags}" ${idx} 15 no_flag)
+    if (${no_flag} MATCHES "/INCREMENTAL:NO")
+      set(${incr_no_flag_on} ON PARENT_SCOPE)
+    endif()
+  endif()
+endfunction()
+
 if( LLVM_ENABLE_LLD )
   if ( LLVM_USE_LINKER )
     message(FATAL_ERROR "LLVM_ENABLE_LLD and LLVM_USE_LINKER can't be set at the same time")
@@ -535,11 +546,13 @@
     if (SUPPORTS_BREPRO)
       # Check if /INCREMENTAL is passed to the linker and complain that it
       # won't work with /Brepro.
-      string(FIND "${all_linker_flags_uppercase}" "/INCREMENTAL" linker_flag_idx)
-      if (${linker_flag_idx} GREATER -1)
-        message(WARNING "/Brepro not compatible with /INCREMENTAL linking - builds will be non-deterministic")
-      else()
+      has_msvc_incremental_no_flag("${CMAKE_EXE_LINKER_FLAGS_${uppercase_CMAKE_BUILD_TYPE}} ${CMAKE_EXE_LINKER_FLAGS}" NO_INCR_EXE)
+      has_msvc_incremental_no_flag("${CMAKE_MODULE_LINKER_FLAGS_${uppercase_CMAKE_BUILD_TYPE}} ${CMAKE_MODULE_LINKER_FLAGS}" NO_INCR_MODULE)
+      has_msvc_incremental_no_flag("${CMAKE_SHARED_LINKER_FLAGS_${uppercase_CMAKE_BUILD_TYPE}} ${CMAKE_SHARED_LINKER_FLAGS}" NO_INCR_SHARED)
+      if (NO_INCR_EXE AND NO_INCR_MODULE AND NO_INCR_SHARED)
         append("/Brepro" CMAKE_C_FLAGS CMAKE_CXX_FLAGS)
+      else()
+        message(WARNING "/Brepro not compatible with /INCREMENTAL linking - builds will be non-deterministic")
       endif()
     endif()
   endif()