diff --git a/dev-tools/packer/version.yml b/dev-tools/packer/version.yml
index 0c075de13d8..408e1677f84 100644
--- a/dev-tools/packer/version.yml
+++ b/dev-tools/packer/version.yml
@@ -1,3 +1,3 @@
-version: "1.2.0-nightly${BUILDID}"
-rpm_version: "1.2.0~nightly${BUILDID}"
-deb_version: "1.2.0~nightly${BUILDID}"
+version: "5.0.0-nightly${BUILDID}"
+rpm_version: "5.0.0~nightly${BUILDID}"
+deb_version: "5.0.0~nightly${BUILDID}"
diff --git a/libbeat/beat/version.go b/libbeat/beat/version.go
index c1897f990f3..9761c8cfe89 100644
--- a/libbeat/beat/version.go
+++ b/libbeat/beat/version.go
@@ -1,3 +1,3 @@
 package beat
 
-const defaultBeatVersion = "1.2.0-SNAPSHOT"
+const defaultBeatVersion = "5.0.0-SNAPSHOT"