diff --git a/cmake/CMakeLists.txt b/cmake/CMakeLists.txt
index 9fffa41de..bb49f2aa5 100644
--- a/cmake/CMakeLists.txt
+++ b/cmake/CMakeLists.txt
@@ -56,10 +56,24 @@ target_include_directories(
     ${PHP_SOURCE_DIR}
 )
 
-# Interface library that ties objects and configuration together for PHP SAPIs.
-add_library(php_sapi INTERFACE)
-add_library(PHP::sapi ALIAS php_sapi)
-target_link_libraries(php_sapi INTERFACE PHP::config)
+# Create PHP core library that ties objects and configuration together for PHP
+# SAPIs and shared extensions. On Windows (win32 directory) there is also a
+# shared DLL created for shared extensions to have symbols available.
+add_library(php_core INTERFACE)
+add_library(PHP::core ALIAS php_core)
+
+add_library(php_core_objects INTERFACE)
+add_library(PHP::core::objects ALIAS php_core_objects)
+target_link_libraries(
+  php_core
+  INTERFACE
+    PHP::config
+    $<$<NOT:$<PLATFORM_ID:Windows>>:PHP::core::objects>
+)
+
+target_compile_definitions(
+  php_config INTERFACE
+)
 
 ################################################################################
 # Configure project.
@@ -77,6 +91,14 @@ define_property(
   BRIEF_DOCS "Whether the PHP SAPI is FastCGI-based"
 )
 
+define_property(
+  TARGET
+  PROPERTY PHP_CORE
+  BRIEF_DOCS
+    "Whether the target should get compile properties dedicated to PHP core "
+    "objects (e.g, *_EXPORTS compile definitions, etc.)."
+)
+
 # Check whether IPO/LTO can be enabled.
 include(PHP/Optimization)
 
@@ -101,6 +123,7 @@ include(cmake/ConfigureChecks.cmake)
 # Check compilation options.
 include(cmake/Flags.cmake)
 
+add_subdirectory(win32)
 add_subdirectory(sapi)
 add_subdirectory(ext)
 add_subdirectory(Zend)
@@ -112,7 +135,6 @@ message(STATUS "===============")
 message(STATUS "")
 
 add_subdirectory(pear)
-add_subdirectory(win32)
 add_subdirectory(main)
 add_subdirectory(scripts)
 
diff --git a/cmake/Zend/CMakeLists.txt b/cmake/Zend/CMakeLists.txt
index b79118eb9..88aa2bbd4 100644
--- a/cmake/Zend/CMakeLists.txt
+++ b/cmake/Zend/CMakeLists.txt
@@ -318,7 +318,7 @@ target_compile_definitions(
   PRIVATE
     ZEND_ENABLE_STATIC_TSRMLS_CACHE
   PUBLIC
-    $<$<PLATFORM_ID:Windows>:LIBZEND_EXPORTS>
+    $<$<AND:$<PLATFORM_ID:Windows>,$<BOOL:$<TARGET_PROPERTY:PHP_CORE>>>:LIBZEND_EXPORTS>
 )
 
 set_target_properties(
@@ -327,6 +327,7 @@ set_target_properties(
     VERSION ${Zend_VERSION}
     ZEND_EXTENSION_API_NO ${Zend_VERSION_EXTENSION_API_NO}
     ZEND_MODULE_API_NO ${Zend_VERSION_MODULE_API_NO}
+    PHP_CORE TRUE
 )
 
 ################################################################################
@@ -334,8 +335,8 @@ set_target_properties(
 ################################################################################
 
 target_link_libraries(php_config INTERFACE $<COMPILE_ONLY:Zend::Zend>)
-target_link_libraries(php_sapi INTERFACE Zend::Zend)
-target_sources(php_sapi INTERFACE $<TARGET_OBJECTS:Zend::Zend>)
+target_link_libraries(php_core_objects INTERFACE Zend::Zend)
+target_sources(php_core_objects INTERFACE $<TARGET_OBJECTS:Zend::Zend>)
 
 ################################################################################
 # TSRM (Thread Safe Resource Manager) is a separate directory in php-src as it
@@ -364,7 +365,11 @@ target_include_directories(
     $<INSTALL_INTERFACE:${CMAKE_INSTALL_INCLUDEDIR}/${PHP_INCLUDE_PREFIX}/TSRM>
 )
 
-target_compile_definitions(zend PUBLIC $<$<PLATFORM_ID:Windows>:TSRM_EXPORTS>)
+target_compile_definitions(
+  zend
+  PUBLIC
+    $<$<AND:$<PLATFORM_ID:Windows>,$<BOOL:$<TARGET_PROPERTY:PHP_CORE>>>:TSRM_EXPORTS>
+)
 
 install(
   TARGETS zend
diff --git a/cmake/cmake/ConfigureChecks.cmake b/cmake/cmake/ConfigureChecks.cmake
index 16dc79f1a..ded87d76b 100644
--- a/cmake/cmake/ConfigureChecks.cmake
+++ b/cmake/cmake/ConfigureChecks.cmake
@@ -887,9 +887,10 @@ if(PHP_DTRACE)
       INCLUDES
         $<TARGET_PROPERTY:PHP::config,INTERFACE_INCLUDE_DIRECTORIES>
     )
+    set_target_properties(php_dtrace PROPERTIES PHP_CORE TRUE)
 
     target_link_libraries(php_config INTERFACE DTrace::DTrace)
-    target_link_libraries(php_sapi INTERFACE php_dtrace)
+    target_link_libraries(php_core_objects INTERFACE php_dtrace)
 
     set(HAVE_DTRACE TRUE)
   endif()
diff --git a/cmake/cmake/modules/PHP/Extensions.cmake b/cmake/cmake/modules/PHP/Extensions.cmake
index 5b6dc93bb..a83b5d650 100644
--- a/cmake/cmake/modules/PHP/Extensions.cmake
+++ b/cmake/cmake/modules/PHP/Extensions.cmake
@@ -444,6 +444,14 @@ function(php_extensions_postconfigure extension)
     set_property(TARGET php_ext_${extension} PROPERTY OUTPUT_NAME ${extension})
   endif()
 
+  # Set target output filename prefix "[<prefix>]<extension>".
+  if(CMAKE_SYSTEM_NAME STREQUAL "Windows")
+    get_target_property(prefix php_ext_${extension} PREFIX)
+    if(NOT prefix)
+      set_property(TARGET php_ext_${extension} PROPERTY PREFIX "php_")
+    endif()
+  endif()
+
   # Specify extension's default installation rules.
   get_target_property(sets php_ext_${extension} INTERFACE_HEADER_SETS)
   set(fileSets "")
diff --git a/cmake/ext/CMakeLists.txt b/cmake/ext/CMakeLists.txt
index 72eb6b13a..228292251 100644
--- a/cmake/ext/CMakeLists.txt
+++ b/cmake/ext/CMakeLists.txt
@@ -75,7 +75,14 @@ foreach(extension IN LISTS extensions)
   # Add usage requirements to PHP interface targets.
   # TODO: Should PHP_CLI extensions pass properties only to PHP_CLI SAPIs?
   get_target_property(type PHP::ext::${extension} TYPE)
-  if(NOT type MATCHES "^(MODULE|SHARED)_LIBRARY$")
+  if(type MATCHES "^(MODULE|SHARED)_LIBRARY$")
+    target_link_libraries(
+      php_ext_${extension}
+      PRIVATE $<$<PLATFORM_ID:Windows>:$<TARGET_NAME_IF_EXISTS:PHP::core>>
+    )
+  else()
+    set_target_properties(php_ext_${extension} PROPERTIES PHP_CORE TRUE)
+
     target_compile_definitions(
       php_config
       INTERFACE
@@ -102,13 +109,13 @@ foreach(extension IN LISTS extensions)
     )
 
     target_link_libraries(
-      php_sapi
+      php_core_objects
       INTERFACE
         $<IF:$<BOOL:$<TARGET_GENEX_EVAL:PHP::ext::${extension},$<TARGET_PROPERTY:PHP::ext::${extension},PHP_CLI>>>,$<$<BOOL:$<TARGET_PROPERTY:PHP_CLI>>:PHP::ext::${extension}>,PHP::ext::${extension}>
     )
 
     target_sources(
-      php_sapi
+      php_core_objects
       INTERFACE
         $<IF:$<BOOL:$<TARGET_GENEX_EVAL:PHP::ext::${extension},$<TARGET_PROPERTY:PHP::ext::${extension},PHP_CLI>>>,$<$<BOOL:$<TARGET_PROPERTY:PHP_CLI>>:$<TARGET_OBJECTS:PHP::ext::${extension}>>,$<TARGET_OBJECTS:PHP::ext::${extension}>>
     )
diff --git a/cmake/ext/iconv/CMakeLists.txt b/cmake/ext/iconv/CMakeLists.txt
index fe1251292..5afdb5673 100644
--- a/cmake/ext/iconv/CMakeLists.txt
+++ b/cmake/ext/iconv/CMakeLists.txt
@@ -72,12 +72,8 @@ target_sources(
 )
 
 get_target_property(type php_ext_iconv TYPE)
-if(
-  CMAKE_SYSTEM_NAME STREQUAL "Windows"
-  AND TARGET php_sapi
-  AND NOT type MATCHES "^(MODULE|SHARED)_LIBRARY$"
-)
-  target_sources(php_sapi INTERFACE php_iconv.def)
+if(TARGET php_windows AND type MATCHES "^(OBJECT|STATIC)_LIBRARY$")
+  target_sources(php_windows PRIVATE php_iconv.def)
 endif()
 
 target_compile_definitions(
diff --git a/cmake/ext/libxml/CMakeLists.txt b/cmake/ext/libxml/CMakeLists.txt
index cb7f4f4d4..c40749f67 100644
--- a/cmake/ext/libxml/CMakeLists.txt
+++ b/cmake/ext/libxml/CMakeLists.txt
@@ -53,8 +53,8 @@ target_sources(
         php_libxml.h
 )
 
-if(CMAKE_SYSTEM_NAME STREQUAL "Windows" AND TARGET php_sapi)
-  target_sources(php_sapi INTERFACE php_libxml2.def)
+if(TARGET php_windows)
+  target_sources(php_windows PRIVATE php_libxml2.def)
 endif()
 
 target_compile_definitions(
diff --git a/cmake/ext/pcre/CMakeLists.txt b/cmake/ext/pcre/CMakeLists.txt
index 05c3d4809..c8bfa41c1 100644
--- a/cmake/ext/pcre/CMakeLists.txt
+++ b/cmake/ext/pcre/CMakeLists.txt
@@ -203,8 +203,8 @@ else()
   if(CMAKE_SYSTEM_NAME STREQUAL "Windows")
     set(PCRE2_STATIC TRUE)
 
-    if(TARGET php_sapi)
-      target_sources(php_sapi INTERFACE php_pcre.def)
+    if(TARGET php_windows)
+      target_sources(php_windows PRIVATE php_pcre.def)
     endif()
   endif()
 
diff --git a/cmake/ext/standard/CMakeLists.txt b/cmake/ext/standard/CMakeLists.txt
index aa06637f9..058e1c150 100644
--- a/cmake/ext/standard/CMakeLists.txt
+++ b/cmake/ext/standard/CMakeLists.txt
@@ -481,6 +481,7 @@ set_target_properties(
     INCLUDE_DIRECTORIES $<TARGET_PROPERTY:php_ext_standard,INCLUDE_DIRECTORIES>
     COMPILE_DEFINITIONS $<TARGET_PROPERTY:php_ext_standard,COMPILE_DEFINITIONS>
     LINK_LIBRARIES $<TARGET_PROPERTY:php_ext_standard,LINK_LIBRARIES>
+    PHP_CORE TRUE
 )
 
 target_compile_definitions(
diff --git a/cmake/ext/tidy/CMakeLists.txt b/cmake/ext/tidy/CMakeLists.txt
index c0f360049..0354cb2b4 100644
--- a/cmake/ext/tidy/CMakeLists.txt
+++ b/cmake/ext/tidy/CMakeLists.txt
@@ -68,12 +68,8 @@ target_sources(
 )
 
 get_target_property(type php_ext_tidy TYPE)
-if(
-  CMAKE_SYSTEM_NAME STREQUAL "Windows"
-  AND TARGET php_sapi
-  AND NOT type MATCHES "^(MODULE|SHARED)_LIBRARY$"
-)
-  target_sources(php_sapi INTERFACE php_tidy.def)
+if(TARGET php_windows AND type MATCHES "^(OBJECT|STATIC)_LIBRARY$")
+  target_sources(php_windows PRIVATE php_tidy.def)
 endif()
 
 # Add -Wno-ignored-qualifiers as this is an issue upstream. Fixed in tidy-html5
diff --git a/cmake/ext/zlib/CMakeLists.txt b/cmake/ext/zlib/CMakeLists.txt
index dc17e3c51..d6bedb3b0 100644
--- a/cmake/ext/zlib/CMakeLists.txt
+++ b/cmake/ext/zlib/CMakeLists.txt
@@ -67,12 +67,8 @@ target_sources(
 )
 
 get_target_property(type php_ext_zlib TYPE)
-if(
-  CMAKE_SYSTEM_NAME STREQUAL "Windows"
-  AND TARGET php_sapi
-  AND NOT type MATCHES "^(MODULE|SHARED)_LIBRARY$"
-)
-  target_sources(php_sapi INTERFACE php_zlib.def)
+if(TARGET php_windows AND type MATCHES "^(OBJECT|STATIC)_LIBRARY$")
+  target_sources(php_windows PRIVATE php_zlib.def)
 endif()
 
 target_compile_definitions(php_ext_zlib PRIVATE ZEND_ENABLE_STATIC_TSRMLS_CACHE)
diff --git a/cmake/main/CMakeLists.txt b/cmake/main/CMakeLists.txt
index 30f20edb7..866955423 100644
--- a/cmake/main/CMakeLists.txt
+++ b/cmake/main/CMakeLists.txt
@@ -104,6 +104,8 @@ target_sources(
         $<$<NOT:$<PLATFORM_ID:Windows>>:${PHP_BINARY_DIR}/$<CONFIG>/main/php_config.h>
 )
 
+set_target_properties(php_main PROPERTIES PHP_CORE TRUE)
+
 ################################################################################
 # Add usage requirements to PHP interface targets.
 ################################################################################
@@ -111,7 +113,7 @@ target_sources(
 target_compile_definitions(
   php_config
   INTERFACE
-    $<$<PLATFORM_ID:Windows>:SAPI_EXPORTS>
+    $<$<AND:$<PLATFORM_ID:Windows>,$<BOOL:$<TARGET_PROPERTY:PHP_CORE>>>:SAPI_EXPORTS>
 )
 
 target_include_directories(
@@ -123,8 +125,8 @@ target_include_directories(
     ${CMAKE_CURRENT_SOURCE_DIR}
 )
 
-target_link_libraries(php_sapi INTERFACE PHP::main)
-target_sources(php_sapi INTERFACE $<TARGET_OBJECTS:PHP::main>)
+target_link_libraries(php_core_objects INTERFACE PHP::main)
+target_sources(php_core_objects INTERFACE $<TARGET_OBJECTS:PHP::main>)
 
 ################################################################################
 # Add FastCGI target with objects for use in PHP SAPIs such as CGI and FPM.
@@ -132,7 +134,7 @@ target_sources(php_sapi INTERFACE $<TARGET_OBJECTS:PHP::main>)
 add_library(php_main_fastcgi OBJECT fastcgi.c)
 
 target_sources(
-  php_sapi
+  php_core
   INTERFACE
     $<$<BOOL:$<TARGET_PROPERTY:PHP_SAPI_FASTCGI>>:$<TARGET_OBJECTS:php_main_fastcgi>>
 )
@@ -144,9 +146,14 @@ target_sources(
 
 add_library(php_main_internal_functions OBJECT internal_functions.c)
 add_library(php_main_internal_functions_cli OBJECT internal_functions_cli.c)
+set_target_properties(
+  php_main_internal_functions
+  php_main_internal_functions_cli
+  PROPERTIES PHP_CORE TRUE
+)
 
 target_sources(
-  php_sapi
+  php_core_objects
   INTERFACE
     $<IF:$<BOOL:$<TARGET_PROPERTY:PHP_CLI>>,$<TARGET_OBJECTS:php_main_internal_functions_cli>,$<TARGET_OBJECTS:php_main_internal_functions>>
 )
diff --git a/cmake/sapi/CMakeLists.txt b/cmake/sapi/CMakeLists.txt
index f554e123a..b802e5b52 100644
--- a/cmake/sapi/CMakeLists.txt
+++ b/cmake/sapi/CMakeLists.txt
@@ -22,6 +22,8 @@ define_property(
 
 list(APPEND CMAKE_MESSAGE_CONTEXT "sapi")
 
+set(CMAKE_ENABLE_EXPORTS TRUE)
+
 # Traverse CMakeLists.txt files of PHP SAPIs.
 file(GLOB sapis ${CMAKE_CURRENT_SOURCE_DIR}/*/CMakeLists.txt)
 list(TRANSFORM sapis REPLACE "${CMAKE_CURRENT_SOURCE_DIR}/|/CMakeLists.txt" "")
diff --git a/cmake/sapi/apache2handler/CMakeLists.txt b/cmake/sapi/apache2handler/CMakeLists.txt
index 954f21892..01d931e41 100644
--- a/cmake/sapi/apache2handler/CMakeLists.txt
+++ b/cmake/sapi/apache2handler/CMakeLists.txt
@@ -78,7 +78,7 @@ set_package_properties(
 target_link_libraries(
   php_sapi_apache2handler
   PRIVATE
-    $<BUILD_INTERFACE:PHP::sapi>
+    $<BUILD_INTERFACE:PHP::core>
     Apache::Apache
 )
 
diff --git a/cmake/sapi/cgi/CMakeLists.txt b/cmake/sapi/cgi/CMakeLists.txt
index f03abe261..f6fbde378 100644
--- a/cmake/sapi/cgi/CMakeLists.txt
+++ b/cmake/sapi/cgi/CMakeLists.txt
@@ -41,7 +41,7 @@ target_compile_definitions(php_sapi_cgi PRIVATE ZEND_ENABLE_STATIC_TSRMLS_CACHE)
 target_link_libraries(
   php_sapi_cgi
   PRIVATE
-    $<BUILD_INTERFACE:PHP::sapi>
+    $<BUILD_INTERFACE:PHP::core>
     $<$<PLATFORM_ID:Windows>:ws2_32;kernel32;advapi32>
 )
 
@@ -53,7 +53,6 @@ set_target_properties(
   php_sapi_cgi
   PROPERTIES
     OUTPUT_NAME ${PHP_PROGRAM_PREFIX}php-cgi${PHP_PROGRAM_SUFFIX}
-    ENABLE_EXPORTS TRUE # TODO: Check if there's a better solution.
     PHP_CLI TRUE
     PHP_SAPI_FASTCGI TRUE
 )
diff --git a/cmake/sapi/cli/CMakeLists.txt b/cmake/sapi/cli/CMakeLists.txt
index a2c3467e4..d89f7b057 100644
--- a/cmake/sapi/cli/CMakeLists.txt
+++ b/cmake/sapi/cli/CMakeLists.txt
@@ -110,7 +110,7 @@ target_compile_definitions(
 target_link_libraries(
   php_sapi_cli
   PRIVATE
-    $<BUILD_INTERFACE:PHP::sapi>
+    $<BUILD_INTERFACE:PHP::core>
     $<$<PLATFORM_ID:Windows>:ws2_32;shell32>
 )
 
@@ -122,7 +122,6 @@ set_target_properties(
   php_sapi_cli
   PROPERTIES
     OUTPUT_NAME ${PHP_PROGRAM_PREFIX}php${PHP_PROGRAM_SUFFIX}
-    ENABLE_EXPORTS TRUE # TODO: Check if there's a better solution.
     PHP_CLI TRUE
 )
 
@@ -182,7 +181,7 @@ if(PHP_SAPI_CLI_WIN_NO_CONSOLE)
   target_link_libraries(
     php_sapi_cli_win
     PRIVATE
-      $<BUILD_INTERFACE:PHP::sapi>
+      $<BUILD_INTERFACE:PHP::core>
       shell32
   )
 
diff --git a/cmake/sapi/embed/CMakeLists.txt b/cmake/sapi/embed/CMakeLists.txt
index bc85129c2..da70eb803 100644
--- a/cmake/sapi/embed/CMakeLists.txt
+++ b/cmake/sapi/embed/CMakeLists.txt
@@ -53,7 +53,7 @@ target_sources(
 foreach(target IN ITEMS php_sapi_embed php_sapi_embed_shared)
   target_sources(${target} PRIVATE php_embed.c)
 
-  target_link_libraries(${target} PRIVATE $<BUILD_INTERFACE:PHP::sapi>)
+  target_link_libraries(${target} PRIVATE $<BUILD_INTERFACE:PHP::core>)
 
   target_compile_definitions(${target} PRIVATE ZEND_ENABLE_STATIC_TSRMLS_CACHE)
 
@@ -76,7 +76,6 @@ foreach(target IN ITEMS php_sapi_embed php_sapi_embed_shared)
   set_target_properties(
     ${target}
     PROPERTIES
-      ENABLE_EXPORTS TRUE # TODO: Check if there's a better solution.
       PHP_CLI TRUE
   )
 endforeach()
diff --git a/cmake/sapi/fpm/CMakeLists.txt b/cmake/sapi/fpm/CMakeLists.txt
index 67571a322..3b35b3dde 100644
--- a/cmake/sapi/fpm/CMakeLists.txt
+++ b/cmake/sapi/fpm/CMakeLists.txt
@@ -233,14 +233,13 @@ target_compile_definitions(php_sapi_fpm PRIVATE ZEND_ENABLE_STATIC_TSRMLS_CACHE)
 target_link_libraries(
   php_sapi_fpm
   PRIVATE
-    $<BUILD_INTERFACE:PHP::sapi>
+    $<BUILD_INTERFACE:PHP::core>
 )
 
 set_target_properties(
   php_sapi_fpm
   PROPERTIES
     OUTPUT_NAME ${PHP_PROGRAM_PREFIX}php-fpm${PHP_PROGRAM_SUFFIX}
-    ENABLE_EXPORTS TRUE # TODO: Check if there's a better solution.
     PHP_SAPI_FASTCGI TRUE
 )
 
diff --git a/cmake/sapi/fuzzer/CMakeLists.txt b/cmake/sapi/fuzzer/CMakeLists.txt
index 9b6847bd2..6247c63f2 100644
--- a/cmake/sapi/fuzzer/CMakeLists.txt
+++ b/cmake/sapi/fuzzer/CMakeLists.txt
@@ -139,7 +139,7 @@ set_target_properties(
 target_link_libraries(
   php_sapi_fuzzer
   PRIVATE
-    $<BUILD_INTERFACE:PHP::sapi>
+    $<BUILD_INTERFACE:PHP::core>
 )
 
 install(TARGETS php_sapi_fuzzer RUNTIME DESTINATION ${CMAKE_INSTALL_BINDIR})
diff --git a/cmake/sapi/litespeed/CMakeLists.txt b/cmake/sapi/litespeed/CMakeLists.txt
index 5dde80aa2..f64671046 100644
--- a/cmake/sapi/litespeed/CMakeLists.txt
+++ b/cmake/sapi/litespeed/CMakeLists.txt
@@ -46,14 +46,13 @@ target_sources(
 target_link_libraries(
   php_sapi_litespeed
   PRIVATE
-    $<BUILD_INTERFACE:PHP::sapi>
+    $<BUILD_INTERFACE:PHP::core>
 )
 
 set_target_properties(
   php_sapi_litespeed
   PROPERTIES
     OUTPUT_NAME ${PHP_PROGRAM_PREFIX}lsphp${PHP_PROGRAM_SUFFIX}
-    ENABLE_EXPORTS TRUE # TODO: Check if there's a better solution.
 )
 
 install(
diff --git a/cmake/sapi/phpdbg/CMakeLists.txt b/cmake/sapi/phpdbg/CMakeLists.txt
index 1ddd179de..443b7e192 100644
--- a/cmake/sapi/phpdbg/CMakeLists.txt
+++ b/cmake/sapi/phpdbg/CMakeLists.txt
@@ -156,7 +156,7 @@ foreach(target IN ITEMS php_sapi_phpdbg php_sapi_phpdbg_shared)
   target_link_libraries(
     ${target}
     PRIVATE
-      $<BUILD_INTERFACE:PHP::sapi>
+      $<BUILD_INTERFACE:PHP::core>
       $<$<PLATFORM_ID:Windows>:ws2_32;user32>
   )
 
@@ -164,7 +164,6 @@ foreach(target IN ITEMS php_sapi_phpdbg php_sapi_phpdbg_shared)
     ${target}
     PROPERTIES
       OUTPUT_NAME ${PHP_PROGRAM_PREFIX}phpdbg${PHP_PROGRAM_SUFFIX}
-      ENABLE_EXPORTS TRUE # TODO: Check if there's a better solution.
       PHP_CLI TRUE
   )
 endforeach()
diff --git a/cmake/win32/CMakeLists.txt b/cmake/win32/CMakeLists.txt
index ed76ef3fd..1530354d8 100644
--- a/cmake/win32/CMakeLists.txt
+++ b/cmake/win32/CMakeLists.txt
@@ -9,7 +9,7 @@ include(FeatureSummary)
 # Add library.
 ################################################################################
 
-add_library(php_windows OBJECT)
+add_library(php_windows SHARED)
 add_library(PHP::windows ALIAS php_windows)
 
 target_sources(
@@ -69,7 +69,35 @@ target_sources(
 )
 
 target_include_directories(php_windows PRIVATE ${CMAKE_CURRENT_BINARY_DIR})
-target_link_libraries(php_windows PRIVATE PHP::config)
+
+target_link_libraries(
+  php_windows
+  PRIVATE
+    PHP::config
+    PHP::core::objects
+)
+
+set_target_properties(php_windows PROPERTIES OUTPUT_NAME php PHP_CORE TRUE)
+
+get_property(isMultiConfig GLOBAL PROPERTY GENERATOR_IS_MULTI_CONFIG)
+if(isMultiConfig)
+  set_target_properties(
+    php_windows
+    PROPERTIES RUNTIME_OUTPUT_DIRECTORY ${PHP_BINARY_DIR}
+  )
+else()
+  set_target_properties(
+    php_windows
+    PROPERTIES RUNTIME_OUTPUT_DIRECTORY ${PHP_BINARY_DIR}/$<CONFIG>
+  )
+endif()
+
+target_link_options(
+  php_windows
+  PRIVATE
+    /nodefaultlib:libcmt
+    /d2:-AllowCompatibleILVersions
+)
 
 ################################################################################
 # Add usage requirements to PHP interface targets.
@@ -94,9 +122,13 @@ target_compile_definitions(
     # For Zend Engine, same as PHP_WIN32.
     ZEND_WIN32
 
+    # Obsolete in favor of PHP_WIN32.
+    WINDOWS
+
     _MBCS
     _USE_MATH_DEFINES
-    PHP_EXPORTS
+
+    $<$<BOOL:$<TARGET_PROPERTY:PHP_CORE>>:PHP_EXPORTS>
 
     # The time_t defaults to 64-bit. Force 32-bit time_t on 32-bit architecture.
     # This was historically added to PHP as Visual Studio 2005 set 64-bit time_t
@@ -104,6 +136,10 @@ target_compile_definitions(
     # compilers. This and duplicate definition in the configuration header
     # should be removed at some point.
     $<$<EQUAL:${CMAKE_SIZEOF_VOID_P},4>:_USE_32BIT_TIME_T=1>
+
+    $<$<BOOL:$<TARGET_PROPERTY:PHP_CORE>>:_USRDLL>
+
+    $<$<BOOL:$<TARGET_PROPERTY:PHP_CORE>>:WINVER=0x0602>
 )
 
 target_compile_options(
@@ -112,10 +148,19 @@ target_compile_options(
     # MS deprecated ANSI stdio and similar functions. Disable warnings.
     $<$<COMPILE_LANG_AND_ID:C,MSVC>:/wd4996>
     $<$<COMPILE_LANG_AND_ID:CXX,MSVC>:/wd4996>
+
+    $<$<COMPILE_LANGUAGE:C,CXX>:/Zc:inline>
+    $<$<COMPILE_LANGUAGE:C,CXX>:/Zc:__cplusplus>
+    $<$<COMPILE_LANGUAGE:C,CXX>:/Zc:preprocessor>
+    $<$<COMPILE_LANGUAGE:C,CXX>:/Zc:wchar_t>
+
+    $<$<COMPILE_LANGUAGE:C,CXX>:/FD>
 )
 
+# Add common libraries to PHP Windows core DLL library and shared extensions.
+add_library(php_windows_common_libs INTERFACE IMPORTED GLOBAL)
 target_link_libraries(
-  php_config
+  php_windows_common_libs
   INTERFACE
     advapi32
     bcrypt
@@ -127,9 +172,14 @@ target_link_libraries(
     user32
     ws2_32
 )
+target_link_libraries(
+  php_config
+  INTERFACE
+    $<$<AND:$<BOOL:$<TARGET_PROPERTY:PHP_EXTENSION>>,$<IN_LIST:$<TARGET_PROPERTY:TYPE>,MODULE_LIBRARY;SHARED_LIBRARY>>:php_windows_common_libs>
+)
+target_link_libraries(php_windows PRIVATE php_windows_common_libs)
 
-target_link_libraries(php_sapi INTERFACE PHP::windows)
-target_sources(php_sapi INTERFACE $<TARGET_OBJECTS:PHP::windows>)
+target_link_libraries(php_core INTERFACE PHP::windows)
 
 ################################################################################
 # Generate wsyslog.h file with message compiler (mc).