diff --git a/CHANGES.rst b/CHANGES.rst
index 506877590..6395bf578 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -1,5 +1,17 @@
 .. currentmodule:: click
 
+Version 8.3.4
+-------------
+
+Unreleased
+
+-   ``HelpFormatter.write_usage`` no longer breaks long ``--option-name`` flags
+    at an internal hyphen when the full token would fit on the next line. The
+    underlying :func:`wrap_text` helper gained a ``break_on_hyphens`` keyword
+    so callers can opt in or out, mirroring :class:`textwrap.TextWrapper`.
+    :issue:`3362`
+
+
 Version 8.3.3
 -------------
 
diff --git a/src/click/formatting.py b/src/click/formatting.py
index 0b64f831b..efc9b45b1 100644
--- a/src/click/formatting.py
+++ b/src/click/formatting.py
@@ -34,6 +34,7 @@ def wrap_text(
     initial_indent: str = "",
     subsequent_indent: str = "",
     preserve_paragraphs: bool = False,
+    break_on_hyphens: bool = True,
 ) -> str:
     """A helper function that intelligently wraps text.  By default, it
     assumes that it operates on a single paragraph of text but if the
@@ -52,6 +53,12 @@ def wrap_text(
                               each consecutive line.
     :param preserve_paragraphs: if this flag is set then the wrapping will
                                 intelligently handle paragraphs.
+    :param break_on_hyphens: passed through to :class:`textwrap.TextWrapper`.
+        Disable to keep hyphenated tokens (e.g. long ``--option-name`` flags
+        in usage lines) intact.
+
+    .. versionchanged:: 8.3.4
+        Added the ``break_on_hyphens`` parameter.
     """
     from ._textwrap import TextWrapper
 
@@ -61,6 +68,7 @@ def wrap_text(
         initial_indent=initial_indent,
         subsequent_indent=subsequent_indent,
         replace_whitespace=False,
+        break_on_hyphens=break_on_hyphens,
     )
     if not preserve_paragraphs:
         return wrapper.fill(text)
@@ -167,6 +175,9 @@ def write_usage(self, prog: str, args: str = "", prefix: str | None = None) -> N
                     text_width,
                     initial_indent=usage_prefix,
                     subsequent_indent=indent,
+                    # Hyphens inside usage tokens (e.g. long ``--option-name``
+                    # flags) are part of the option, not natural break points.
+                    break_on_hyphens=False,
                 )
             )
         else:
@@ -176,7 +187,11 @@ def write_usage(self, prog: str, args: str = "", prefix: str | None = None) -> N
             indent = " " * (max(self.current_indent, term_len(prefix)) + 4)
             self.write(
                 wrap_text(
-                    args, text_width, initial_indent=indent, subsequent_indent=indent
+                    args,
+                    text_width,
+                    initial_indent=indent,
+                    subsequent_indent=indent,
+                    break_on_hyphens=False,
                 )
             )
 
diff --git a/tests/test_formatting.py b/tests/test_formatting.py
index c79f6577f..443c44373 100644
--- a/tests/test_formatting.py
+++ b/tests/test_formatting.py
@@ -49,6 +49,38 @@ def cli():
     ]
 
 
+def test_usage_does_not_break_options_at_internal_hyphen():
+    """Long ``--option-name`` flags should not be wrapped at an internal
+    hyphen when the whole token would fit on the next line.
+
+    Reproduce: https://github.com/pallets/click/issues/3362
+    """
+    options = [
+        "--enable-verbose-logging",
+        "--output-file-path",
+        "--max-retry-count",
+        "--disable-cache-mode",
+        "--config-file-location",
+        "--user-auth-token",
+        "--auto-update-interval",
+        "--force-overwrite-existing",
+        "--network-timeout-seconds",
+        "--debug-trace-enabled",
+    ]
+    formatter = click.HelpFormatter(width=65)
+    formatter.write_usage("program", " ".join(options))
+    output = formatter.getvalue()
+
+    # No line ends with a dangling hyphen mid-token.
+    for line in output.splitlines():
+        stripped = line.rstrip()
+        assert not stripped.endswith("-"), f"line broken at hyphen: {line!r}"
+
+    # And the original tokens survive intact.
+    for option in options:
+        assert option in output
+
+
 def test_wrapping_long_options_strings(runner):
     @click.group()
     def cli():