diff --git a/Include/internal/pycore_fileutils.h b/Include/internal/pycore_fileutils.h
index 13f86b01bbfe8f..21cb959a9c2e8c 100644
--- a/Include/internal/pycore_fileutils.h
+++ b/Include/internal/pycore_fileutils.h
@@ -329,6 +329,11 @@ extern int _Py_GetTicksPerSecond(long *ticks_per_second);
 // Export for '_testcapi' shared extension
 PyAPI_FUNC(int) _Py_IsValidFD(int fd);
 
+#ifdef MS_WINDOWS
+size_t _Py_LimitConsoleWriteSize(const void *buf, size_t requested_size,
+                                 size_t cap_size);
+#endif
+
 #ifdef __cplusplus
 }
 #endif
diff --git a/Misc/NEWS.d/next/Windows/2024-07-17-15-07-24.gh-issue-121940.M70eyc.rst b/Misc/NEWS.d/next/Windows/2024-07-17-15-07-24.gh-issue-121940.M70eyc.rst
new file mode 100644
index 00000000000000..e33d6c33903b51
--- /dev/null
+++ b/Misc/NEWS.d/next/Windows/2024-07-17-15-07-24.gh-issue-121940.M70eyc.rst
@@ -0,0 +1,3 @@
+Default buffer size :func:`os.write` on Windows no longer or splits the write.
+Writing to the Windows console is still split to maintain responsiveness of
+interrupts, but at a much larger size.
diff --git a/Modules/_io/winconsoleio.c b/Modules/_io/winconsoleio.c
index ec5c298066a587..41be27a0e3dfca 100644
--- a/Modules/_io/winconsoleio.c
+++ b/Modules/_io/winconsoleio.c
@@ -48,6 +48,10 @@
    of less than one character */
 #define SMALLBUF 4
 
+/* Limit write size to consoles so that interrupts feel
+   responsive. */
+#define WRITE_LIMIT_CONSOLE (1024 * 1024)
+
 char _get_console_type(HANDLE handle) {
     DWORD mode, peek_count;
 
@@ -134,24 +138,6 @@ char _PyIO_get_console_type(PyObject *path_or_fd) {
     return m;
 }
 
-static DWORD
-_find_last_utf8_boundary(const char *buf, DWORD len)
-{
-    /* This function never returns 0, returns the original len instead */
-    DWORD count = 1;
-    if (len == 0 || (buf[len - 1] & 0x80) == 0) {
-        return len;
-    }
-    for (;; count++) {
-        if (count > 3 || count >= len) {
-            return len;
-        }
-        if ((buf[len - count] & 0xc0) != 0x80) {
-            return len - count;
-        }
-    }
-}
-
 /*[clinic input]
 module _io
 class _io._WindowsConsoleIO "winconsoleio *" "clinic_state()->PyWindowsConsoleIO_Type"
@@ -1016,25 +1002,23 @@ _io__WindowsConsoleIO_write_impl(winconsoleio *self, PyTypeObject *cls,
     if (!b->len) {
         return PyLong_FromLong(0);
     }
-    if (b->len > BUFMAX)
-        len = BUFMAX;
+    /* Ensure len fits in a DWORD. This cap is larger than the write
+       limit because it doesn't respect utf-8 characters boundaries.
+       Rely on _Py_LimitConsoleWriteSize to do a character split. */
+    if (b->len > WRITE_LIMIT_CONSOLE * 2)
+        len = WRITE_LIMIT_CONSOLE * 2;
     else
         len = (DWORD)b->len;
 
+
+    /* Limit console write size to keep interactivity.
+
+       This is a soft cap / wlen may be higher, but that is
+       okay because it isn't a hard OS limit in Windows 8+. */
+    len = (DWORD)_Py_LimitConsoleWriteSize(b->buf, len, WRITE_LIMIT_CONSOLE);
+
     Py_BEGIN_ALLOW_THREADS
     wlen = MultiByteToWideChar(CP_UTF8, 0, b->buf, len, NULL, 0);
-
-    /* issue11395 there is an unspecified upper bound on how many bytes
-       can be written at once. We cap at 32k - the caller will have to
-       handle partial writes.
-       Since we don't know how many input bytes are being ignored, we
-       have to reduce and recalculate. */
-    while (wlen > 32766 / sizeof(wchar_t)) {
-        len /= 2;
-        /* Fix for github issues gh-110913 and gh-82052. */
-        len = _find_last_utf8_boundary(b->buf, len);
-        wlen = MultiByteToWideChar(CP_UTF8, 0, b->buf, len, NULL, 0);
-    }
     Py_END_ALLOW_THREADS
 
     if (!wlen)
diff --git a/Python/fileutils.c b/Python/fileutils.c
index c9ae1b3f54e167..efc2e08cce46d5 100644
--- a/Python/fileutils.c
+++ b/Python/fileutils.c
@@ -52,6 +52,17 @@ int _Py_open_cloexec_works = -1;
 // The value must be the same in unicodeobject.c.
 #define MAX_UNICODE 0x10ffff
 
+/* Limit write size on terminals in Windows to keep the interpreter
+   feeling responsive.
+
+   This is higher than WRITE_LIMIT_CONSOLE because `.write()`
+   is targeted at non-console I/O (but may happen to touch a tty). Use
+   WinConsoleIO for best console interactivity.
+
+   This should ideally be bigger than DEFAULT_BUFFER_SIZE so common
+   case write to file on disk is quick. */
+#define WRITE_LIMIT_INTERACTIVE (5 * 1024 * 1024)
+
 // mbstowcs() and mbrtowc() errors
 static const size_t DECODE_ERROR = ((size_t)-1);
 static const size_t INCOMPLETE_CHARACTER = (size_t)-2;
@@ -1923,20 +1934,18 @@ _Py_write_impl(int fd, const void *buf, size_t count, int gil_held)
 
     _Py_BEGIN_SUPPRESS_IPH
 #ifdef MS_WINDOWS
-    if (count > 32767) {
-        /* Issue #11395: the Windows console returns an error (12: not
-           enough space error) on writing into stdout if stdout mode is
-           binary and the length is greater than 66,000 bytes (or less,
-           depending on heap usage). */
+    /* isatty is guarded because don't want it in common case of
+       writing DEFAULT_BUFFER_SIZE to regular files (gh-121940). */
+    if (count > WRITE_LIMIT_INTERACTIVE) {
         if (gil_held) {
             Py_BEGIN_ALLOW_THREADS
             if (isatty(fd)) {
-                count = 32767;
+                count = _Py_LimitConsoleWriteSize(buf, count, WRITE_LIMIT_INTERACTIVE);
             }
             Py_END_ALLOW_THREADS
         } else {
             if (isatty(fd)) {
-                count = 32767;
+                count = _Py_LimitConsoleWriteSize(buf, count, WRITE_LIMIT_INTERACTIVE);
             }
         }
     }
@@ -3101,3 +3110,52 @@ _Py_IsValidFD(int fd)
     return (fstat(fd, &st) == 0);
 #endif
 }
+
+#ifdef MS_WINDOWS
+static size_t
+_find_last_utf8_boundary(const char *buf, size_t len)
+{
+    /* This function never returns 0, returns the original len instead */
+    DWORD count = 1;
+    if (len == 0 || (buf[len - 1] & 0x80) == 0) {
+        return len;
+    }
+    for (;; count++) {
+        if (count > 3 || count >= len) {
+            return len;
+        }
+        if ((buf[len - count] & 0xc0) != 0x80) {
+            return len - count;
+        }
+    }
+}
+
+/* Put a soft limit on the number of bytes to be written.
+
+   In older versions of Windows a hard limit was necessary because
+   there was a hard limit to the number of bytes (bpo-11395), but that
+   is not the case in Windows 8+.
+
+   For Windows 8+ the console host synchronizes I/O operations which
+   means a Ctrl-C doesn't generate an interrupt until after the write
+   is completed. That means large writes which take multiple seconds
+   will reduce responsiveness to interrupts.
+
+   This does a "soft cap" (not exact number of utf-16 bytes, but close
+   enough) to maintain responsiveness of consoles on
+   Windows (gh-121940). */
+size_t _Py_LimitConsoleWriteSize(const void *buf, size_t requested_size,
+                                 size_t cap_size) {
+    if (requested_size <= cap_size) {
+        return requested_size;
+    }
+
+    /* Fix for github issues gh-110913 and gh-82052.
+
+       Splitting utf-8 can't be done at arbitrary byte boundaries
+       because that results in broken utf-8 byte sequences being
+       presented to the user. */
+    return _find_last_utf8_boundary(buf, cap_size);
+}
+
+#endif