diff --git a/doc/api/cli.md b/doc/api/cli.md
index 74863327c73746..f85d4c2d14557b 100644
--- a/doc/api/cli.md
+++ b/doc/api/cli.md
@@ -540,13 +540,16 @@ $ ls *.cpuprofile
 CPU.20190409.202950.15293.0.0.cpuprofile
 ```
 
-If `--cpu-prof-name` is specified, the provided value will be used as-is; patterns such as
-`${hhmmss}` or `${pid}` are not supported.
+If `--cpu-prof-name` is specified, the provided value is used as a template
+for the file name. Some placeholders are supported and will be substituted
+at runtime:
+
+* `${pid}` — the current process ID
 
 ```console
 $ node --cpu-prof --cpu-prof-name 'CPU.${pid}.cpuprofile' index.js
 $ ls *.cpuprofile
-'CPU.${pid}.cpuprofile'
+CPU.15293.cpuprofile
 ```
 
 ### `--cpu-prof-dir`
diff --git a/src/inspector_profiler.cc b/src/inspector_profiler.cc
index f09dd04ccd7f6e..dd57c779595c80 100644
--- a/src/inspector_profiler.cc
+++ b/src/inspector_profiler.cc
@@ -8,6 +8,7 @@
 #include "node_file.h"
 #include "node_internals.h"
 #include "util-inl.h"
+#include "uv.h"
 #include "v8-inspector.h"
 
 #include <cinttypes>
@@ -465,6 +466,27 @@ static void EndStartedProfilers(Environment* env) {
   }
 }
 
+static std::string ReplacePlaceholders(const std::string& pattern) {
+  std::string result = pattern;
+
+  static const std::unordered_map<std::string, std::function<std::string()>>
+      kPlaceholderMap = {
+          {"${pid}", []() { return std::to_string(uv_os_getpid()); }},
+          // TODO(haramj): Add more placeholders as needed.
+      };
+
+  for (const auto& [placeholder, getter] : kPlaceholderMap) {
+    size_t pos = 0;
+    while ((pos = result.find(placeholder, pos)) != std::string::npos) {
+      const std::string value = getter();
+      result.replace(pos, placeholder.length(), value);
+      pos += value.length();
+    }
+  }
+
+  return result;
+}
+
 void StartProfilers(Environment* env) {
   AtExit(env, [](void* env) {
     EndStartedProfilers(static_cast<Environment*>(env));
@@ -486,7 +508,9 @@ void StartProfilers(Environment* env) {
       DiagnosticFilename filename(env, "CPU", "cpuprofile");
       env->set_cpu_prof_name(*filename);
     } else {
-      env->set_cpu_prof_name(env->options()->cpu_prof_name);
+      std::string resolved_name =
+          ReplacePlaceholders(env->options()->cpu_prof_name);
+      env->set_cpu_prof_name(resolved_name);
     }
     CHECK_NULL(env->cpu_profiler_connection());
     env->set_cpu_profiler_connection(
diff --git a/test/sequential/test-cpu-prof-name.js b/test/sequential/test-cpu-prof-name.js
index 3f1c6945c5436f..f40e639e92f624 100644
--- a/test/sequential/test-cpu-prof-name.js
+++ b/test/sequential/test-cpu-prof-name.js
@@ -8,6 +8,8 @@ const fixtures = require('../common/fixtures');
 common.skipIfInspectorDisabled();
 
 const assert = require('assert');
+const fs = require('fs');
+const path = require('path');
 const { spawnSync } = require('child_process');
 
 const tmpdir = require('../common/tmpdir');
@@ -41,3 +43,36 @@ const {
   assert.deepStrictEqual(profiles, [file]);
   verifyFrames(output, file, 'fibonacci.js');
 }
+
+// --cpu-prof-name with ${pid} placeholder
+{
+  tmpdir.refresh();
+  // eslint-disable-next-line no-template-curly-in-string
+  const profName = 'CPU.${pid}.cpuprofile';
+  const dir = tmpdir.path;
+
+  const output = spawnSync(process.execPath, [
+    '--cpu-prof',
+    '--cpu-prof-interval',
+    kCpuProfInterval,
+    '--cpu-prof-name',
+    profName,
+    fixtures.path('workload', 'fibonacci.js'),
+  ], {
+    cwd: dir,
+    env
+  });
+
+  if (output.status !== 0) {
+    console.error(output.stderr.toString());
+  }
+
+  assert.strictEqual(output.status, 0);
+
+  const expectedFile = path.join(dir, `CPU.${output.pid}.cpuprofile`);
+  assert.ok(fs.existsSync(expectedFile), `Expected file ${expectedFile} not found.`);
+
+  verifyFrames(output, expectedFile, 'fibonacci.js');
+
+  fs.unlinkSync(expectedFile);
+}