diff --git a/lib/punycode.js b/lib/punycode.js
index 7dfe552a5c9..e303a5373b8 100644
--- a/lib/punycode.js
+++ b/lib/punycode.js
@@ -1,11 +1,16 @@
 'use strict';
+const {
+  isInsideNodeModules,
+} = internalBinding('util');
 
-process.emitWarning(
-  'The `punycode` module is deprecated. Please use a userland ' +
-  'alternative instead.',
-  'DeprecationWarning',
-  'DEP0040',
-);
+if (!isInsideNodeModules(100, true)) {
+	process.emitWarning(
+		'The `punycode` module is deprecated. Please use a userland ' +
+		'alternative instead.',
+		'DeprecationWarning',
+		'DEP0040',
+	);
+}
 
 /** Highest positive signed 32-bit float value */
 const maxInt = 2147483647; // aka. 0x7FFFFFFF or 2^31-1
diff --git a/test/fixtures/errors/core_line_numbers.snapshot b/test/fixtures/errors/core_line_numbers.snapshot
index 54cdb52744b..9ef06c33af8 100644
--- a/test/fixtures/errors/core_line_numbers.snapshot
+++ b/test/fixtures/errors/core_line_numbers.snapshot
@@ -1,10 +1,10 @@
-node:punycode:49
+node:punycode:54
 	throw new RangeError(errors[type]);
 	^
 
 RangeError: Invalid input
-    at error (node:punycode:49:8)
-    at Object.decode (node:punycode:242:5)
+    at error (node:punycode:54:8)
+    at Object.decode (node:punycode:247:5)
     at Object.<anonymous> (*core_line_numbers.js:13:10)
 
 Node.js *