diff --git a/.changeset/fix-print-wait-timer-overflow.md b/.changeset/fix-print-wait-timer-overflow.md
new file mode 100644
index 00000000000..8f6bc2f2efe
--- /dev/null
+++ b/.changeset/fix-print-wait-timer-overflow.md
@@ -0,0 +1,5 @@
+---
+"@moonshot-ai/kimi-code": patch
+---
+
+Fix kimi -p exiting right after the main turn instead of waiting for background tasks and subagents to finish.
diff --git a/apps/kimi-code/src/cli/v2/run-v2-print.ts b/apps/kimi-code/src/cli/v2/run-v2-print.ts
index 6112d8bf67a..2585336ce2d 100644
--- a/apps/kimi-code/src/cli/v2/run-v2-print.ts
+++ b/apps/kimi-code/src/cli/v2/run-v2-print.ts
@@ -49,6 +49,7 @@ import {
   resolveKimiHome,
   resolveLoggingConfig,
   resolvePrintBackgroundMode,
+  setClampedTimeout,
   type DomainEvent,
   type IAgentScopeHandle,
   type ISessionScopeHandle,
@@ -621,8 +622,13 @@ export function createPrintTurnEndings(): PrintTurnEndings & {
             // oxlint-disable-next-line promise/no-multiple-resolved -- `settled` guards the single resolve; the rule cannot see it
             resolve(value);
           };
+          // A delay beyond the host timer ceiling (an explicit
+          // `print_wait_ceiling_s` or a far-future cron fire can still reach
+          // it) is clamped by `setClampedTimeout`, so the timer can expire
+          // early: the loop below treats that as a chunk boundary and
+          // re-arms against the real deadline.
           const timer = Number.isFinite(ms)
-            ? setTimeout(() => {
+            ? setClampedTimeout(() => {
                 settle(null);
               }, ms)
             : undefined;
@@ -636,7 +642,8 @@ export function createPrintTurnEndings(): PrintTurnEndings & {
         const ms = deadlineAt - Date.now();
         if (ms <= 0) return null;
         const ending = await waitOnce(ms);
-        if (ending === null) return null;
+        // Timer-chunk boundary, not the real deadline: keep waiting.
+        if (ending === null) continue;
         if (ending.turnId !== skipTurnId) return ending;
         // The skipped turn's own ending: keep waiting within the same budget.
       }
diff --git a/apps/kimi-code/test/cli/run-v2-print.test.ts b/apps/kimi-code/test/cli/run-v2-print.test.ts
index 492d20ed8e8..f4927455b65 100644
--- a/apps/kimi-code/test/cli/run-v2-print.test.ts
+++ b/apps/kimi-code/test/cli/run-v2-print.test.ts
@@ -1,3 +1,4 @@
+import { PRINT_WAIT_CEILING_S_DEFAULT } from '@moonshot-ai/agent-core-v2';
 import { describe, expect, it, vi } from 'vitest';
 
 import {
@@ -423,6 +424,36 @@ describe('applyPrintBackgroundPolicy', () => {
     expect(cronFirstCallAtConsumed).toBe(2);
     expect(cronNextFireAt).toHaveBeenCalled();
   });
+
+  it('steer keeps waiting under the default ceiling with tasks pending', async () => {
+    let pending = 1;
+    const turnEndings = createPrintTurnEndings();
+    const policy = applyPrintBackgroundPolicy({
+      mode: 'steer',
+      ceilingS: PRINT_WAIT_CEILING_S_DEFAULT,
+      maxTurns: 50,
+      countPending: () => pending,
+      drain: async () => {},
+      turnEndings,
+      skipTurnId: 1,
+      warn: () => {},
+      now: () => Date.now(),
+    });
+    // The default ceiling is ~24.8 days: with tasks still pending the wait
+    // must not return null early and end the run here.
+    const early = await Promise.race([
+      policy.then(() => 'returned' as const),
+      new Promise<'waiting'>((resolve) => setTimeout(() => {
+        resolve('waiting');
+      }, 50)),
+    ]);
+    expect(early).toBe('waiting');
+    // A background task completion steered a new turn; once it ends and no
+    // tasks remain, the policy returns.
+    pending = 0;
+    turnEndings.push(ending(2));
+    await policy;
+  });
 });
 
 describe('createPrintTurnEndings', () => {
@@ -452,4 +483,22 @@ describe('createPrintTurnEndings', () => {
     endings.push(ending(4));
     await expect(pending).resolves.toMatchObject({ turnId: 4 });
   });
+
+  it('does not resolve null early when the budget exceeds the timer ceiling', async () => {
+    const endings = createPrintTurnEndings();
+    // 10 years in ms — beyond Node's 2^31-1 ms setTimeout ceiling, which an
+    // explicit `print_wait_ceiling_s` can still reach.
+    const pending = endings.next(10 * 365 * 24 * 3600 * 1000, 1);
+    // Node clamps a >2^31-1 ms setTimeout to 1ms; the wait must ride out the
+    // overflow in chunks instead of resolving null at once.
+    const early = await Promise.race([
+      pending,
+      new Promise<'waiting'>((resolve) => setTimeout(() => {
+        resolve('waiting');
+      }, 50)),
+    ]);
+    expect(early).toBe('waiting');
+    endings.push(ending(7));
+    await expect(pending).resolves.toMatchObject({ turnId: 7 });
+  });
 });
diff --git a/docs/en/configuration/config-files.md b/docs/en/configuration/config-files.md
index 94d40a8b505..023f112025b 100644
--- a/docs/en/configuration/config-files.md
+++ b/docs/en/configuration/config-files.md
@@ -276,7 +276,7 @@ Retries only apply to transient failures — connection errors, timeouts, HTTP 4
 | `bash_auto_background_on_timeout` | `boolean` | `true` | When a foreground `Bash` command hits its timeout, move it to a background task instead of killing it — the agent is notified when it completes, and the backgrounded command is bounded by the `bash_task_timeout_s` default background timeout. Set to `false` to kill timed-out foreground commands instead |
 | `bash_task_timeout_s` | `integer` | `600` | Default timeout (seconds) for background `Bash` tasks when the call omits `timeout`; also used to re-arm foreground commands moved to the background on timeout. `0` means no timeout — the task runs until it exits or the model stops it. Explicit per-call `timeout` values are unaffected. In print mode (`kimi -p`) the default is `0` unless explicitly set |
 | `print_background_mode` | `"exit" \| "drain" \| "steer"` | `"steer"` | Print mode (`kimi -p`) only. Governs how pending background tasks are handled once the main agent's turn ends: `"exit"` exits immediately; `"drain"` waits for every background task to reach a terminal state before exiting (results are not fed back to the main agent); `"steer"` stays alive so a completing background task — like a background subagent — injects a synthetic user message that steers the main agent into a new turn, looping until a turn ends with no pending background tasks or a limit is hit. Takes precedence over the `keep_alive_on_exit` print fallback |
-| `print_wait_ceiling_s` | `integer` | `315360000` | In print mode (`kimi -p`), the wall-clock ceiling (seconds) for the wait/steer loop when `print_background_mode` is `"drain"` or `"steer"` (the default is 10 years — effectively unbounded). Has no effect outside print mode or when it is `"exit"` |
+| `print_wait_ceiling_s` | `integer` | `2147483` | In print mode (`kimi -p`), the wall-clock ceiling (seconds) for the wait/steer loop when `print_background_mode` is `"drain"` or `"steer"` (the default is ~24.8 days — effectively unbounded). Has no effect outside print mode or when it is `"exit"` |
 | `print_max_turns` | `integer` | `100000` | In print mode (`kimi -p`) with `print_background_mode = "steer"`, the maximum number of new turns that may be triggered by background-task completions, to keep the steering loop bounded (the default is effectively unbounded) |
 
 `keep_alive_on_exit` can be overridden by the `KIMI_CODE_BACKGROUND_KEEP_ALIVE_ON_EXIT` environment variable, and `max_running_tasks` by `KIMI_CODE_BACKGROUND_MAX_RUNNING_TASKS`; both take higher priority than `config.toml`.
diff --git a/docs/zh/configuration/config-files.md b/docs/zh/configuration/config-files.md
index 4a81877cbca..02f8512fe8c 100644
--- a/docs/zh/configuration/config-files.md
+++ b/docs/zh/configuration/config-files.md
@@ -276,7 +276,7 @@ max_output_size = 8192
 | `bash_auto_background_on_timeout` | `boolean` | `true` | 前台 `Bash` 命令触及超时时间时，将其转为后台任务而不是直接终止：命令完成时 agent 会收到通知，转入后台的命令受 `bash_task_timeout_s` 默认后台超时约束。设为 `false` 则恢复超时即终止的行为 |
 | `bash_task_timeout_s` | `integer` | `600` | 后台 `Bash` 任务在调用未传 `timeout` 时的默认超时（秒）；前台命令超时转后台后也按此值重新计时。`0` 表示无超时——任务一直运行到自行结束或被模型手动停止。显式传入的 `timeout` 不受影响。在 print 模式（`kimi -p`）下未显式设置时默认为 `0` |
 | `print_background_mode` | `"exit" \| "drain" \| "steer"` | `"steer"` | 仅 print 模式（`kimi -p`）生效，决定主 agent 的 turn 结束后如何处理未返回的后台任务：`"exit"` 立即退出；`"drain"` 退出前等待所有后台任务进入终态（结果不回馈给主 agent）；`"steer"` 不退出，让后台任务完成时像后台子代理一样以合成 user 消息 steer 主 agent 进入新 turn，直到某 turn 结束时无未决后台任务或触及上限。设置后优先级高于 `keep_alive_on_exit` 的 print 回退 |
-| `print_wait_ceiling_s` | `integer` | `315360000` | print 模式（`kimi -p`）下，`print_background_mode` 为 `"drain"` 或 `"steer"` 时，等待/steer 循环的墙钟上限（秒；默认 10 年，近似不设限）。在非 print 模式或 `"exit"` 时无效 |
+| `print_wait_ceiling_s` | `integer` | `2147483` | print 模式（`kimi -p`）下，`print_background_mode` 为 `"drain"` 或 `"steer"` 时，等待/steer 循环的墙钟上限（秒；默认约 24.8 天，近似不设限）。在非 print 模式或 `"exit"` 时无效 |
 | `print_max_turns` | `integer` | `100000` | print 模式（`kimi -p`）且 `print_background_mode = "steer"` 时，允许由后台任务完成触发的新 turn 的最大数量，防止 steer 循环失控（默认值近似不设限） |
 
 `keep_alive_on_exit` 可被环境变量 `KIMI_CODE_BACKGROUND_KEEP_ALIVE_ON_EXIT` 覆盖，`max_running_tasks` 可被 `KIMI_CODE_BACKGROUND_MAX_RUNNING_TASKS` 覆盖，优先级均高于配置文件。
diff --git a/packages/agent-core-v2/src/_base/utils/promise.ts b/packages/agent-core-v2/src/_base/utils/promise.ts
index 811bbda9d55..3669a548cc1 100644
--- a/packages/agent-core-v2/src/_base/utils/promise.ts
+++ b/packages/agent-core-v2/src/_base/utils/promise.ts
@@ -1,7 +1,13 @@
 /**
  * Timeout outcome promise — resolves with a fixed value after a delay.
+ *
+ * The timer goes through `setClampedTimeout`, so huge ("effectively
+ * unbounded") timeouts still mean a long wait instead of overflowing into an
+ * immediate fire.
  */
 
+import { setClampedTimeout } from './timer';
+
 const NEVER = new Promise<never>(() => {});
 
 export type TimeoutOutcomePromise<Outcome> = Promise<Outcome> & {
@@ -17,7 +23,7 @@ export function timeoutOutcome<Outcome>(
     timeoutMs === undefined || timeoutMs <= 0
       ? NEVER
       : new Promise((resolve) => {
-          timeout = setTimeout(() => {
+          timeout = setClampedTimeout(() => {
             timeout = undefined;
             resolve(outcome);
           }, timeoutMs);
diff --git a/packages/agent-core-v2/src/_base/utils/timer.ts b/packages/agent-core-v2/src/_base/utils/timer.ts
index 47270e384d0..08cfa4214a1 100644
--- a/packages/agent-core-v2/src/_base/utils/timer.ts
+++ b/packages/agent-core-v2/src/_base/utils/timer.ts
@@ -7,10 +7,25 @@
  * `Disposable` owner and cleaned up for free. One instance is reused across
  * start/stop cycles instead of juggling raw `ReturnType<typeof setInterval>`
  * values. Mirrors VS Code's `IntervalTimer`.
+ *
+ * `setClampedTimeout` is a `setTimeout` whose delay is clamped to
+ * `MAX_TIMER_DELAY_MS`, the largest delay the host timer accepts: beyond it
+ * the delay overflows into an immediate (~1ms) fire, so huge ("effectively
+ * unbounded") timeouts would fire at once instead of waiting. Callers that
+ * outlive the clamp (~24.8 days) re-arm.
  */
 
 import type { IDisposable } from '#/_base/di/lifecycle';
 
+export const MAX_TIMER_DELAY_MS = 0x7fffffff;
+
+export function setClampedTimeout(
+  callback: () => void,
+  timeoutMs: number,
+): ReturnType<typeof setTimeout> {
+  return setTimeout(callback, Math.min(timeoutMs, MAX_TIMER_DELAY_MS));
+}
+
 export interface IntervalTimerOptions {
   readonly unref?: boolean;
 }
diff --git a/packages/agent-core-v2/src/agent/task/printDefaults.ts b/packages/agent-core-v2/src/agent/task/printDefaults.ts
index a4b133522c9..23fb69fa199 100644
--- a/packages/agent-core-v2/src/agent/task/printDefaults.ts
+++ b/packages/agent-core-v2/src/agent/task/printDefaults.ts
@@ -12,15 +12,20 @@
  * default). Because the memory layer shadows a whole section on read, each
  * patch spreads the section's current effective value so sibling user keys
  * stay visible. Explicit user config always wins over these defaults.
+ *
+ * The wait ceiling defaults to the host timer's maximum delay
+ * (`MAX_TIMER_DELAY_MS`, ~24.8 days) expressed in seconds: effectively
+ * unbounded, while `ceilingS * 1000` can never overflow a timer.
  */
 
+import { MAX_TIMER_DELAY_MS } from '#/_base/utils/timer';
 import { ConfigTarget, type ConfigInspectValue, type IConfigService } from '#/app/config/config';
 import { LOOP_CONTROL_SECTION } from '#/agent/loop/configSection';
 import { SUBAGENT_SECTION } from '#/session/subagent/configSection';
 
 import { LEGACY_BACKGROUND_SECTION, TASK_SECTION } from './configSection';
 
-export const PRINT_WAIT_CEILING_S_DEFAULT = 315_360_000;
+export const PRINT_WAIT_CEILING_S_DEFAULT = Math.floor(MAX_TIMER_DELAY_MS / 1000);
 
 export const PRINT_MAX_TURNS_DEFAULT = 100_000;
 
diff --git a/packages/agent-core-v2/src/agent/task/taskService.ts b/packages/agent-core-v2/src/agent/task/taskService.ts
index d5078a767ac..2336e728b4e 100644
--- a/packages/agent-core-v2/src/agent/task/taskService.ts
+++ b/packages/agent-core-v2/src/agent/task/taskService.ts
@@ -52,6 +52,7 @@ import {
   abortable,
   userCancellationReason,
 } from '#/_base/utils/abort';
+import { setClampedTimeout } from '#/_base/utils/timer';
 import { escapeXml, escapeXmlAttr } from '#/_base/utils/xml-escape';
 import { IEventBus } from '#/app/event/eventBus';
 import { Error2, ErrorCodes } from '#/errors';
@@ -685,7 +686,7 @@ export class AgentTaskService extends Disposable implements IAgentTaskService {
   }
 
   private armManagerTimeout(entry: ManagedTask, timeoutMs: number): void {
-    entry.timeoutHandle = setTimeout(() => {
+    entry.timeoutHandle = setClampedTimeout(() => {
       entry.timeoutHandle = undefined;
       if (this.canAutoBackgroundOnTimeout(entry)) {
         this.detachEntry(entry, true);
@@ -871,7 +872,10 @@ export class AgentTaskService extends Disposable implements IAgentTaskService {
           entry.waiters.push(resolve);
         }),
         new Promise<void>((resolve) => {
-          timeout = setTimeout(resolve, timeoutMs);
+          // A clamped early return just makes callers (e.g. the print drain
+          // loop) re-poll — the task may still be running, which the caller
+          // observes from the returned info.
+          timeout = setClampedTimeout(resolve, timeoutMs);
           timeout.unref?.();
         }),
       ]);
diff --git a/packages/agent-core-v2/src/index.ts b/packages/agent-core-v2/src/index.ts
index f24b01b93f3..10529274495 100644
--- a/packages/agent-core-v2/src/index.ts
+++ b/packages/agent-core-v2/src/index.ts
@@ -533,7 +533,9 @@ export * from '#/agent/fullCompaction/types';
 export * from '#/agent/llmRequester/llmRequester';
 export * from '#/agent/llmRequester/llmRequesterService';
 export * from '#/agent/llmRequester/llmRequestOps';
+export * from '#/_base/utils/promise';
 export * from '#/_base/utils/retry';
+export * from '#/_base/utils/timer';
 import '#/agent/loop/configSection';
 export * from '#/agent/loop/loop';
 export * from '#/agent/loop/loopService';
diff --git a/packages/agent-core-v2/src/session/swarm/agentRunBatch.ts b/packages/agent-core-v2/src/session/swarm/agentRunBatch.ts
index 1518c1f8d9e..48854287feb 100644
--- a/packages/agent-core-v2/src/session/swarm/agentRunBatch.ts
+++ b/packages/agent-core-v2/src/session/swarm/agentRunBatch.ts
@@ -12,6 +12,7 @@ import { type TokenUsage } from '#/kosong/contract/usage';
 import * as retry from 'retry';
 
 import { isUserCancellation } from '#/_base/utils/abort';
+import { setClampedTimeout } from '#/_base/utils/timer';
 import { BugIndicatingError, Error2, ErrorCodes } from '#/errors';
 import type { SessionSwarmRunResult, SessionSwarmTask } from './sessionSwarm';
 
@@ -601,9 +602,9 @@ export class AgentRunBatch<T> {
       attempt.controller.abort(task.signal?.reason);
     };
     const timeout =
-      task.timeout === undefined
+      task.timeout === undefined || task.timeout <= 0
         ? undefined
-        : setTimeout(() => {
+        : setClampedTimeout(() => {
             attempt.timedOut = true;
             attempt.controller.abort(new Error('Aborted'));
           }, task.timeout);
diff --git a/packages/agent-core-v2/test/agent/task/taskService.test.ts b/packages/agent-core-v2/test/agent/task/taskService.test.ts
index 8ec6e8c2cbf..d15be257ca2 100644
--- a/packages/agent-core-v2/test/agent/task/taskService.test.ts
+++ b/packages/agent-core-v2/test/agent/task/taskService.test.ts
@@ -175,6 +175,23 @@ describe('AgentTaskService', () => {
     await svc.stop(id);
   });
 
+  it('wait with a timeout beyond the timer ceiling does not resolve immediately', async () => {
+    const svc = ix.get(IAgentTaskService);
+    const taskId = svc.registerTask(fakeProcessTask());
+    // 10 years in ms overflows Node's setTimeout ceiling (2^31-1 ms) into a
+    // 1ms fire; wait must clamp instead of returning at once.
+    const waited = svc.wait(taskId, 10 * 365 * 24 * 3600 * 1000);
+    const early = await Promise.race([
+      waited.then(() => 'returned' as const),
+      new Promise<'waiting'>((resolve) => setTimeout(() => {
+        resolve('waiting');
+      }, 50)),
+    ]);
+    expect(early).toBe('waiting');
+    await svc.stop(taskId);
+    await expect(waited).resolves.toMatchObject({ taskId });
+  });
+
   function capturingWire(): { dispatched: { type: string; payload: unknown }[] } {
     const dispatched: { type: string; payload: unknown }[] = [];
     ix.stub(IWireService, {
diff --git a/packages/agent-core-v2/test/session/swarm/sessionSwarm.test.ts b/packages/agent-core-v2/test/session/swarm/sessionSwarm.test.ts
index c40c4d6b876..9d02b6c1d60 100644
--- a/packages/agent-core-v2/test/session/swarm/sessionSwarm.test.ts
+++ b/packages/agent-core-v2/test/session/swarm/sessionSwarm.test.ts
@@ -607,6 +607,35 @@ describe('AgentRunBatch scheduling contract', () => {
     }
   });
 
+  it('a non-positive task timeout means unbounded (v1 parity)', async () => {
+    vi.useFakeTimers();
+    try {
+      const { runBatch, attempts } = createMockAgentRunBatchRunner();
+      const running = runBatch([{ ...queuedAgentRunTask(1), timeout: 0 }], {
+        signal: new AbortController().signal,
+      });
+
+      await vi.advanceTimersByTimeAsync(0);
+      attempts[0]!.markReady();
+      // Print mode fills the subagent timeout with 0 = unbounded; it must not
+      // arm an immediate abort.
+      await vi.advanceTimersByTimeAsync(60_000);
+
+      attempts[0]!.outcome.resolve({
+        task: attempts[0]!.task,
+        agentId: 'agent-1',
+        status: 'completed',
+        result: 'done',
+      });
+      await vi.advanceTimersByTimeAsync(0);
+      await expect(running).resolves.toMatchObject([
+        { task: { data: 1 }, agentId: 'agent-1', status: 'completed' },
+      ]);
+    } finally {
+      vi.useRealTimers();
+    }
+  });
+
   it('does not spend task timeout while the task is queued', async () => {
     vi.useFakeTimers();
     try {
diff --git a/packages/node-sdk/src/sdk-rpc-client-v2.ts b/packages/node-sdk/src/sdk-rpc-client-v2.ts
index 853326788d0..de2281f3810 100644
--- a/packages/node-sdk/src/sdk-rpc-client-v2.ts
+++ b/packages/node-sdk/src/sdk-rpc-client-v2.ts
@@ -1994,11 +1994,11 @@ export class SDKRpcClientV2 extends SDKRpcClientBase {
           if (seen.has(task.taskId)) continue;
           seen.add(task.taskId);
           suppressions.push(tasks.suppressTerminalNotification(task.taskId));
-          // The engine's `wait` arms a raw `setTimeout(timeoutMs)`, which
-          // overflows above the ~24.8-day timer ceiling into an immediate
-          // resolve (v1's `timeoutOutcome` clamps to the same bound) — the
-          // default print ceiling is 10 years, so clamp here. The outer loop
-          // re-enumerates after an early return, so semantics are unchanged.
+          // A configured ceiling above the ~24.8-day timer ceiling overflows
+          // a raw `setTimeout` into an immediate resolve — clamp here (the
+          // engine's `wait` clamps too; this keeps the caller side correct
+          // regardless). The outer loop re-enumerates after an early return,
+          // so semantics are unchanged.
           const remaining = Math.min(Math.max(1, deadline - Date.now()), MAX_TIMER_DELAY_MS);
           const waiter = tasks.wait(task.taskId, remaining);
           batch.push(waiter);