diff --git a/Misc/NEWS b/Misc/NEWS
index c326855..4f01ca2 100644
--- a/Misc/NEWS
+++ b/Misc/NEWS
@@ -27,6 +27,9 @@
 Library
 -------
 
+- Issue #7858: Raise an error properly when os.utime() fails under Windows
+  on an existing file.
+
 - Issue #3839: wsgiref should not override a Content-Length header set by
   the application.  Initial patch by Clovis Fabricio.
 
diff --git a/Modules/posixmodule.c b/Modules/posixmodule.c
index cb94898..870c0ea 100644
--- a/Modules/posixmodule.c
+++ b/Modules/posixmodule.c
@@ -3031,6 +3031,7 @@
            something is wrong with the file, when it also
            could be the time stamp that gives a problem. */
         win32_error("utime", NULL);
+        goto done;
     }
     Py_INCREF(Py_None);
     result = Py_None;