diff --git a/llvm/CMakeLists.txt b/llvm/CMakeLists.txt
index c5fa66390bba8d..253f3943c3b51f 100644
--- a/llvm/CMakeLists.txt
+++ b/llvm/CMakeLists.txt
@@ -22,7 +22,7 @@ if(NOT DEFINED LLVM_VERSION_MINOR)
   set(LLVM_VERSION_MINOR 1)
 endif()
 if(NOT DEFINED LLVM_VERSION_PATCH)
-  set(LLVM_VERSION_PATCH 2)
+  set(LLVM_VERSION_PATCH 3)
 endif()
 if(NOT DEFINED LLVM_VERSION_SUFFIX)
   set(LLVM_VERSION_SUFFIX)
diff --git a/llvm/utils/lit/lit/__init__.py b/llvm/utils/lit/lit/__init__.py
index 20e245f7161709..9165056a56bd4d 100644
--- a/llvm/utils/lit/lit/__init__.py
+++ b/llvm/utils/lit/lit/__init__.py
@@ -2,7 +2,7 @@
 
 __author__ = "Daniel Dunbar"
 __email__ = "daniel@minormatter.com"
-__versioninfo__ = (18, 1, 0)
+__versioninfo__ = (18, 1, 3)
 __version__ = ".".join(str(v) for v in __versioninfo__) + "dev"
 
 __all__ = []