diff --git a/src/dialect.ts b/src/dialect.ts
index 5a4b40ec77..0c04d7598b 100644
--- a/src/dialect.ts
+++ b/src/dialect.ts
@@ -47,4 +47,5 @@ const processDialectFormatOptions = ({
     (options.tabularOnelineClauses ?? options.onelineClauses).map(name => [name, true])
   ),
   identifierDashes: Boolean(tokenizerOptions.identChars?.dashes),
+  operatorsCombine: Boolean(options.operatorsCombine),
 });
diff --git a/src/formatter/ExpressionFormatter.ts b/src/formatter/ExpressionFormatter.ts
index 2c1fdc634c..1502468d91 100644
--- a/src/formatter/ExpressionFormatter.ts
+++ b/src/formatter/ExpressionFormatter.ts
@@ -54,6 +54,9 @@ export interface DialectFormatOptions {
   onelineClauses: string[];
   // List of clauses that should be formatted on a single line in tabular style
   tabularOnelineClauses?: string[];
+  // True in dialects that lex a run of operator characters as a single operator,
+  // where an operator and a following sign densed together re-parse as one operator.
+  operatorsCombine?: boolean;
 }
 
 // Contains the same data as DialectFormatOptions,
@@ -66,6 +69,8 @@ export interface ProcessedDialectFormatOptions {
   // In such dialects the "-" operator must keep its surrounding spaces,
   // otherwise "a - b" densed to "a-b" would re-parse as a single identifier.
   identifierDashes: boolean;
+  // See DialectFormatOptions.operatorsCombine.
+  operatorsCombine: boolean;
 }
 
 /** Formats a generic SQL expression */
@@ -509,7 +514,7 @@ export default class ExpressionFormatter {
         cfg: this.cfg,
         dialectCfg: this.dialectCfg,
         params: this.params,
-        layout: new InlineLayout(this.cfg.expressionWidth),
+        layout: new InlineLayout(this.cfg.expressionWidth, this.dialectCfg.operatorsCombine),
         inline: true,
         enclosingParenthesis,
       }).format(nodes);
diff --git a/src/formatter/Formatter.ts b/src/formatter/Formatter.ts
index 8f10f87791..48a723458e 100644
--- a/src/formatter/Formatter.ts
+++ b/src/formatter/Formatter.ts
@@ -48,7 +48,10 @@ export default class Formatter {
       cfg: this.cfg,
       dialectCfg: this.dialect.formatOptions,
       params: this.params,
-      layout: new Layout(new Indentation(indentString(this.cfg))),
+      layout: new Layout(
+        new Indentation(indentString(this.cfg)),
+        this.dialect.formatOptions.operatorsCombine
+      ),
     }).format(statement.children);
 
     if (!statement.hasSemicolon) {
diff --git a/src/formatter/InlineLayout.ts b/src/formatter/InlineLayout.ts
index e4fc2ab092..acb5a40ab4 100644
--- a/src/formatter/InlineLayout.ts
+++ b/src/formatter/InlineLayout.ts
@@ -16,8 +16,8 @@ export default class InlineLayout extends Layout {
   // but only when there actually is a space to remove.
   private trailingSpace = false;
 
-  constructor(private expressionWidth: number) {
-    super(new Indentation('')); // no indentation in inline layout
+  constructor(private expressionWidth: number, operatorsCombine: boolean) {
+    super(new Indentation(''), operatorsCombine); // no indentation in inline layout
   }
 
   public add(...items: (WS | string)[]) {
diff --git a/src/formatter/Layout.ts b/src/formatter/Layout.ts
index 39fd4071b7..cf2c2216b8 100644
--- a/src/formatter/Layout.ts
+++ b/src/formatter/Layout.ts
@@ -2,6 +2,15 @@ import { last } from '../utils.js';
 
 import Indentation from './Indentation.js';
 
+const STARTS_WITH_SIGN = /^[-+]/u;
+
+// An operator that would take a following sign into its own name.
+// PostgreSQL lexes a run of operator characters as a single operator, and such a name
+// may only end in "+" or "-" when it also contains one of ~!@#%^&|`? -- so "@-" is an
+// operator name, while "*-" is not.
+// https://www.postgresql.org/docs/current/sql-syntax-lexical.html#SQL-SYNTAX-OPERATORS
+const ENDS_WITH_SIGN_ABSORBING_OPERATOR = /[~!@#%^&|`?][-+*/<>=~!@#%^&|`?]*$/u;
+
 /** Whitespace modifiers to be used with add() method */
 export enum WS {
   SPACE, // Adds single space
@@ -25,7 +34,7 @@ export type LayoutItem = WS.SPACE | WS.SINGLE_INDENT | WS.NEWLINE | WS.MANDATORY
 export default class Layout {
   private items: LayoutItem[] = [];
 
-  constructor(public indentation: Indentation) {}
+  constructor(public indentation: Indentation, private operatorsCombine: boolean) {}
 
   /**
    * Appends token strings and whitespace modifications to SQL string.
@@ -57,10 +66,7 @@ export default class Layout {
           this.items.push(WS.SINGLE_INDENT);
           break;
         default:
-          // Don't glue a layout item starting with "-" directly onto one ending with
-          // "-": that forms "--", which re-parses as a line comment and
-          // swallows the rest of the line (e.g. densing "a - -b" into "a--b").
-          if (item.startsWith('-') && this.lastItemEndsWith('-')) {
+          if (!this.isItemSafeToAppend(item)) {
             this.items.push(WS.SPACE);
           }
           this.items.push(item);
@@ -68,9 +74,25 @@ export default class Layout {
     }
   }
 
-  private lastItemEndsWith(suffix: string): boolean {
+  /** Whether `item` can be written right after the preceding item without the two re-lexing as one. */
+  private isItemSafeToAppend(item: string): boolean {
     const lastItem = last(this.items);
-    return typeof lastItem === 'string' && lastItem.endsWith(suffix);
+    if (typeof lastItem !== 'string') {
+      return true;
+    }
+    // "a - -b" densed to "a--b" would re-parse as a line comment.
+    if (lastItem.endsWith('-') && item.startsWith('-')) {
+      return false;
+    }
+    // "5 % -2" densed to "5%-2" would re-parse as the single operator "%-".
+    if (
+      this.operatorsCombine &&
+      ENDS_WITH_SIGN_ABSORBING_OPERATOR.test(lastItem) &&
+      STARTS_WITH_SIGN.test(item)
+    ) {
+      return false;
+    }
+    return true;
   }
 
   private trimHorizontalWhitespace() {
diff --git a/src/languages/postgresql/postgresql.formatter.ts b/src/languages/postgresql/postgresql.formatter.ts
index d3d8a51fd2..8ffe13a473 100644
--- a/src/languages/postgresql/postgresql.formatter.ts
+++ b/src/languages/postgresql/postgresql.formatter.ts
@@ -408,5 +408,6 @@ export const postgresql: DialectOptions = {
     alwaysDenseOperators: ['::', ':'],
     onelineClauses: [...standardOnelineClauses, ...tabularOnelineClauses],
     tabularOnelineClauses,
+    operatorsCombine: true,
   },
 };
diff --git a/test/features/operators.ts b/test/features/operators.ts
index ad1770a93f..b72f44a762 100644
--- a/test/features/operators.ts
+++ b/test/features/operators.ts
@@ -7,6 +7,10 @@ export const standardOperators = ['+', '-', '*', '/', '>', '<', '=', '<>', '<=',
 type OperatorsConfig = {
   logicalOperators?: string[];
   any?: boolean;
+  // Set in dialects where an operator can take a following sign into its own name,
+  // so that "1 % -2" must not be densed to "1%-2".
+  // Such dialects test the spacing of each of their operators separately.
+  operatorsAbsorbSign?: boolean;
 };
 
 export default function supportsOperators(
@@ -44,6 +48,16 @@ export default function supportsOperators(
     });
   }
 
+  if (!cfg.operatorsAbsorbSign) {
+    operators
+      .filter(op => !op.endsWith('-'))
+      .forEach(op => {
+        it(`denses a sign after ${op} operator in dense mode`, () => {
+          expect(format(`foo ${op} -2`, { denseOperators: true })).toBe(`foo${op}-2`);
+        });
+      });
+  }
+
   (cfg.logicalOperators || ['AND', 'OR']).forEach(op => {
     it(`supports ${op} operator`, () => {
       const result = format(`SELECT true ${op} false AS foo;`);
diff --git a/test/postgresql.test.ts b/test/postgresql.test.ts
index e8e99adfea..3d2316a6e1 100644
--- a/test/postgresql.test.ts
+++ b/test/postgresql.test.ts
@@ -139,7 +139,7 @@ describe('PostgreSqlFormatter', () => {
       '&&&',
       '|=|',
     ],
-    { any: true }
+    { any: true, operatorsAbsorbSign: true }
   );
   supportsIsDistinctFrom(format);
   supportsJoin(format);
@@ -249,6 +249,28 @@ describe('PostgreSqlFormatter', () => {
     `);
   });
 
+  // An operator containing one of the ten characters ~!@#%^&|`? may end in "-" or "+",
+  // so densing a sign onto it would extend the operator name instead. Nine of the ten are
+  // covered here, together with the operators that end in "-" themselves. The tenth, the
+  // backtick, is never yielded as an operator by the lexer and can't be reached from here.
+  it.each(['~', '!~', '@', '@>', '#', '#>>', '%', '^', '&', '|', '||', '?', '@-@', '?-', '-|-'])(
+    'keeps a space after %s operator and before a sign in dense mode',
+    op => {
+      expect(format(`foo ${op} -1`, { denseOperators: true })).toBe(`foo${op} -1`);
+      expect(format(`foo ${op} +1`, { denseOperators: true })).toBe(`foo${op} +1`);
+    }
+  );
+
+  // The remaining operators are built only from -+*/<>= and can't take a sign into their
+  // name, so a sign denses onto them just like in any other dialect.
+  it.each(['*', '/', '<', '>=', '<<', '->', '->>', '<>', '<->'])(
+    'denses a sign after %s operator in dense mode',
+    op => {
+      expect(format(`foo ${op} -1`, { denseOperators: true })).toBe(`foo${op}-1`);
+      expect(format(`foo ${op} +1`, { denseOperators: true })).toBe(`foo${op}+1`);
+    }
+  );
+
   // Issue #813
   it('supports OR REPLACE in CREATE FUNCTION', () => {
     expect(format(`CREATE OR REPLACE FUNCTION foo ();`)).toBe(dedent`
diff --git a/test/redshift.test.ts b/test/redshift.test.ts
index dc890be75d..bbc6921513 100644
--- a/test/redshift.test.ts
+++ b/test/redshift.test.ts
@@ -52,6 +52,9 @@ describe('RedshiftFormatter', () => {
     [...standardOperators, '^', '%', '@', '|/', '||/', '&', '|', '~', '<<', '>>', '||'],
     {
       any: true,
+      // Redshift inherits the operator syntax of PostgreSQL,
+      // but the formatter doesn't take that into account yet.
+      operatorsAbsorbSign: true,
     }
   );
   supportsJoin(format);
diff --git a/test/unit/Layout.test.ts b/test/unit/Layout.test.ts
index 1b8c00a9d4..e54277252e 100644
--- a/test/unit/Layout.test.ts
+++ b/test/unit/Layout.test.ts
@@ -8,7 +8,7 @@ describe('Layout', () => {
     indentation.increaseTopLevel();
     indentation.increaseTopLevel();
 
-    const layout = new Layout(indentation);
+    const layout = new Layout(indentation, false);
     layout.add(...items);
     return layout.toString();
   }