ld-elf/pr26936 test is built with -Ttext-segment 0x10000, which is ignored.
A patch is posted at https://sourceware.org/pipermail/binutils/2020-November/114327.html
The master branch has been updated by H.J. Lu <hjl@sourceware.org>: https://sourceware.org/git/gitweb.cgi?p=binutils-gdb.git;h=3ed3c10425a699c7884dbdbf865ad3766822ea07 commit 3ed3c10425a699c7884dbdbf865ad3766822ea07 Author: H.J. Lu <hjl.tools@gmail.com> Date: Tue Dec 1 04:27:28 2020 -0800 arc: Enable -Ttext-segment Define TEXT_START_ADDR and SHLIB_TEXT_START_ADDR with SEGMENT_START to enable -Ttext-segment. PR ld/26970 * scripttempl/elfarc.sc (TEXT_START_ADDR): New. Add SEGMENT_START. (SHLIB_TEXT_START_ADDR): Likewise.
Fixed for 2.36.