diff --git a/build.zig.zon b/build.zig.zon
index 9daf37cd7..f8d8c1676 100644
--- a/build.zig.zon
+++ b/build.zig.zon
@@ -1,6 +1,6 @@
 .{
     .name = .ghostty,
-    .version = "1.2.2",
+    .version = "1.2.3",
     .paths = .{""},
     .fingerprint = 0x64407a2a0b4147e5,
     .minimum_zig_version = "0.14.1",
diff --git a/dist/linux/com.mitchellh.ghostty.metainfo.xml.in b/dist/linux/com.mitchellh.ghostty.metainfo.xml.in
index ed7a60ec0..2de5e5f25 100644
--- a/dist/linux/com.mitchellh.ghostty.metainfo.xml.in
+++ b/dist/linux/com.mitchellh.ghostty.metainfo.xml.in
@@ -52,8 +52,8 @@
 
   <releases>
     <!-- TODO: Generate this automatically -->
-    <release version="1.2.2" date="2025-10-08">
-        <url type="details">https://ghostty.org/docs/install/release-notes/1-2-2</url>
+    <release version="1.2.3" date="2025-10-08">
+        <url type="details">https://ghostty.org/docs/install/release-notes/1-2-3</url>
     </release>
   </releases>
 </component>
diff --git a/nix/package.nix b/nix/package.nix
index 511b5129b..bf515b98b 100644
--- a/nix/package.nix
+++ b/nix/package.nix
@@ -40,7 +40,7 @@
 in
   stdenv.mkDerivation (finalAttrs: {
     pname = "ghostty";
-    version = "1.2.2";
+    version = "1.2.3";
 
     # We limit source like this to try and reduce the amount of rebuilds as possible
     # thus we only provide the source that is needed for the build
diff --git a/src/build/Config.zig b/src/build/Config.zig
index edbb1a752..a842e428e 100644
--- a/src/build/Config.zig
+++ b/src/build/Config.zig
@@ -20,7 +20,7 @@ const GitVersion = @import("GitVersion.zig");
 /// TODO: When Zig 0.14 is released, derive this from build.zig.zon directly.
 /// Until then this MUST match build.zig.zon and should always be the
 /// _next_ version to release.
-const app_version: std.SemanticVersion = .{ .major = 1, .minor = 2, .patch = 2 };
+const app_version: std.SemanticVersion = .{ .major = 1, .minor = 2, .patch = 3 };
 
 /// Standard build configuration options.
 optimize: std.builtin.OptimizeMode,