diff --git a/lld/ELF/Config.h b/lld/ELF/Config.h
--- a/lld/ELF/Config.h
+++ b/lld/ELF/Config.h
@@ -146,6 +146,7 @@
   bool dependentLibraries;
   bool disableVerify;
   bool ehFrameHdr;
+  bool emitAsm;
   bool emitLLVM;
   bool emitRelocs;
   bool enableNewDtags;
diff --git a/lld/ELF/Driver.cpp b/lld/ELF/Driver.cpp
--- a/lld/ELF/Driver.cpp
+++ b/lld/ELF/Driver.cpp
@@ -887,6 +887,7 @@
   config->ehFrameHdr =
       args.hasFlag(OPT_eh_frame_hdr, OPT_no_eh_frame_hdr, false);
   config->emitLLVM = args.hasArg(OPT_plugin_opt_emit_llvm, false);
+  config->emitAsm = args.hasArg(OPT_lto_emit_asm, false);
   config->emitRelocs = args.hasArg(OPT_emit_relocs);
   config->callGraphProfileSort = args.hasFlag(
       OPT_call_graph_profile_sort, OPT_no_call_graph_profile_sort, true);
@@ -1929,6 +1930,12 @@
   if (config->emitLLVM)
     return;
 
+  // Likewise, --plugin-opt=emit-asm is an option to make LTO create
+  // an output file in assembly code and exit, so that you can just get a
+  // combined asm file.
+  if (config->emitAsm)
+    return;
+
   // Apply symbol renames for -wrap.
   if (!wrapped.empty())
     wrapSymbols(wrapped);
diff --git a/lld/ELF/LTO.cpp b/lld/ELF/LTO.cpp
--- a/lld/ELF/LTO.cpp
+++ b/lld/ELF/LTO.cpp
@@ -127,6 +127,9 @@
     };
   }
 
+  if (config->emitAsm)
+    c.CGFileType = CGFT_AssemblyFile;
+
   if (config->saveTemps)
     checkError(c.addSaveTemps(config->outputFile.str() + ".",
                               /*UseInputModulePath*/ true));
@@ -303,6 +306,13 @@
       saveBuffer(buf[i], config->outputFile + Twine(i) + ".lto.o");
   }
 
+  if (config->emitAsm) {
+    saveBuffer(buf[0], config->outputFile);
+    for (unsigned i = 1; i != maxTasks; ++i)
+      saveBuffer(buf[i], config->outputFile + Twine(i));
+    return {};
+  }
+
   std::vector<InputFile *> ret;
   for (unsigned i = 0; i != maxTasks; ++i)
     if (!buf[i].empty())
diff --git a/lld/ELF/Options.td b/lld/ELF/Options.td
--- a/lld/ELF/Options.td
+++ b/lld/ELF/Options.td
@@ -473,6 +473,8 @@
   HelpText<"AA pipeline to run during LTO. Used in conjunction with -lto-newpm-passes">;
 def lto_debug_pass_manager: F<"lto-debug-pass-manager">,
   HelpText<"Debug new pass manager">;
+def lto_emit_asm: J<"lto-emit-asm">,
+  HelpText<"Emit assembly code">;
 def lto_new_pass_manager: F<"lto-new-pass-manager">,
   HelpText<"Use new pass manager">;
 def lto_newpm_passes: J<"lto-newpm-passes=">,
@@ -522,6 +524,8 @@
 def plugin_opt_dwo_dir_eq: J<"plugin-opt=dwo_dir=">,
   HelpText<"Directory to store .dwo files when LTO and debug fission are used">;
 def plugin_opt_emit_llvm: F<"plugin-opt=emit-llvm">;
+def plugin_opt_emit_asm: F<"plugin-opt=emit-asm">,
+  Alias<lto_emit_asm>, HelpText<"Alias for -lto-emit-asm">;
 def: J<"plugin-opt=jobs=">, Alias<thinlto_jobs>, HelpText<"Alias for -thinlto-jobs">;
 def: J<"plugin-opt=lto-partitions=">, Alias<lto_partitions>, HelpText<"Alias for -lto-partitions">;
 def plugin_opt_mcpu_eq: J<"plugin-opt=mcpu=">;
diff --git a/lld/test/ELF/lto/emit-asm.ll b/lld/test/ELF/lto/emit-asm.ll
new file mode 100644
--- /dev/null
+++ b/lld/test/ELF/lto/emit-asm.ll
@@ -0,0 +1,19 @@
+; RUN: llvm-as %s -o %t.o
+; RUN: ld.lld --lto-emit-asm -shared %t.o -o - | FileCheck %s
+; RUN: ld.lld --plugin-opt=emit-asm --plugin-opt=lto-partitions=2\
+; RUN:    -shared %t.o -o %t2.s
+; RUN: cat %t2.s %t2.s1 > %t3.s
+; RUN: FileCheck --input-file %t3.s %s
+
+target datalayout = "e-m:e-i64:64-f80:128-n8:16:32:64-S128"
+target triple = "x86_64-unknown-linux-gnu"
+
+; CHECK-DAG: f1:
+define void @f1() {
+  ret void
+}
+
+; CHECK-DAG: f2:
+define void @f2() {
+  ret void
+}