diff --git a/lib/internal/fs/promises.js b/lib/internal/fs/promises.js
index 1f81a6f47b1d59..c5bb0bf891be62 100644
--- a/lib/internal/fs/promises.js
+++ b/lib/internal/fs/promises.js
@@ -4,12 +4,12 @@
 // See https://github.com/libuv/libuv/pull/1501.
 const kIoMaxLength = 2 ** 31 - 1;
 
-// Note: This is different from kReadFileBufferLength used for non-promisified
-// fs.readFile.
-const kReadFileMaxChunkSize = 2 ** 14;
+const kReadFileBufferLength = 512 * 1024;
+const kReadFileUnknownBufferLength = 64 * 1024;
 const kWriteFileMaxChunkSize = 2 ** 14;
 
 const {
+  ArrayPrototypePush,
   Error,
   MathMax,
   MathMin,
@@ -272,21 +272,43 @@ async function readFileHandle(filehandle, options) {
   if (size > kIoMaxLength)
     throw new ERR_FS_FILE_TOO_LARGE(size);
 
-  const chunks = [];
-  const chunkSize = size === 0 ?
-    kReadFileMaxChunkSize :
-    MathMin(size, kReadFileMaxChunkSize);
   let endOfFile = false;
+  let totalRead = 0;
+  const noSize = size === 0;
+  const buffers = [];
+  const fullBuffer = noSize ? undefined : Buffer.allocUnsafeSlow(size);
   do {
-    const buf = Buffer.alloc(chunkSize);
-    const { bytesRead, buffer } =
-      await read(filehandle, buf, 0, chunkSize, -1);
-    endOfFile = bytesRead === 0;
-    if (bytesRead > 0)
-      chunks.push(buffer.slice(0, bytesRead));
+    let buffer;
+    let offset;
+    let length;
+    if (noSize) {
+      buffer = Buffer.allocUnsafeSlow(kReadFileUnknownBufferLength);
+      offset = 0;
+      length = kReadFileUnknownBufferLength;
+    } else {
+      buffer = fullBuffer;
+      offset = totalRead;
+      length = MathMin(size - totalRead, kReadFileBufferLength);
+    }
+
+    const bytesRead = (await binding.read(filehandle.fd, buffer, offset,
+                                          length, -1, kUsePromises)) || 0;
+    totalRead += bytesRead;
+    endOfFile = bytesRead === 0 || totalRead === size;
+    if (noSize && bytesRead > 0) {
+      const isBufferFull = bytesRead === kReadFileUnknownBufferLength;
+      const chunkBuffer = isBufferFull ? buffer : buffer.slice(0, bytesRead);
+      ArrayPrototypePush(buffers, chunkBuffer);
+    }
   } while (!endOfFile);
 
-  const result = Buffer.concat(chunks);
+  let result;
+  if (size > 0) {
+    result = totalRead === size ? fullBuffer : fullBuffer.slice(0, totalRead);
+  } else {
+    result = buffers.length === 1 ? buffers[0] : Buffer.concat(buffers,
+                                                               totalRead);
+  }
 
   return options.encoding ? result.toString(options.encoding) : result;
 }