diff --git a/lld/MachO/InputFiles.cpp b/lld/MachO/InputFiles.cpp
--- a/lld/MachO/InputFiles.cpp
+++ b/lld/MachO/InputFiles.cpp
@@ -79,6 +79,12 @@
 std::string lld::toString(const InputFile *f) {
   if (!f)
     return "<internal>";
+
+  // Multiple dylibs can be defined in one .tbd file.
+  if (auto dylibFile = dyn_cast<DylibFile>(f))
+    if (f->getName().endswith(".tbd"))
+      return (f->getName() + "(" + dylibFile->dylibName + ")").str();
+
   if (f->archiveName.empty())
     return std::string(f->getName());
   return (path::filename(f->archiveName) + "(" + path::filename(f->getName()) +
@@ -697,15 +703,16 @@
   if (umbrella == nullptr)
     umbrella = this;
 
+  dylibName = saver.save(interface.getInstallName());
+  compatibilityVersion = interface.getCompatibilityVersion().rawValue();
+  currentVersion = interface.getCurrentVersion().rawValue();
+
   if (!is_contained(interface.targets(), config->target)) {
     error(toString(this) + " is incompatible with " +
           std::string(config->target));
     return;
   }
 
-  dylibName = saver.save(interface.getInstallName());
-  compatibilityVersion = interface.getCompatibilityVersion().rawValue();
-  currentVersion = interface.getCurrentVersion().rawValue();
   DylibFile *exportingFile = isImplicitlyLinked(dylibName) ? this : umbrella;
   auto addSymbol = [&](const Twine &name) -> void {
     symbols.push_back(symtab->addDylib(saver.save(name), exportingFile,
diff --git a/lld/test/MachO/invalid/incompatible-target-tapi.test b/lld/test/MachO/invalid/incompatible-target-tapi.test
--- a/lld/test/MachO/invalid/incompatible-target-tapi.test
+++ b/lld/test/MachO/invalid/incompatible-target-tapi.test
@@ -6,5 +6,5 @@
 RUN:   -o /dev/null 2>&1 | FileCheck %s --check-prefix=ARCH
 RUN: not %lld -dylib -arch arm64 -platform_version ios-simulator 14.0 15.0 %t/arm64-test.o \
 RUN:   %S/Inputs/libincompatible.tbd -o /dev/null 2>&1 | FileCheck %s --check-prefix=PLATFORM
-ARCH:     error: {{.*}}libincompatible.tbd is incompatible with x86_64 (macOS)
-PLATFORM: error: {{.*}}libincompatible.tbd is incompatible with arm64 (iOS Simulator)
+ARCH:     error: {{.*}}libincompatible.tbd(/usr/lib/libincompatible.dylib) is incompatible with x86_64 (macOS)
+PLATFORM: error: {{.*}}libincompatible.tbd(/usr/lib/libincompatible.dylib) is incompatible with arm64 (iOS Simulator)