diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index d29f846874c..086ba41f86f 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -9,8 +9,8 @@ coroutines-version = "1.7.3"
 atomicfu-version = "0.23.1"
 
 # smithy-kotlin codegen and runtime are versioned separately
-smithy-kotlin-runtime-version = "1.2.6"
-smithy-kotlin-codegen-version = "0.32.6"
+smithy-kotlin-runtime-version = "1.2.7"
+smithy-kotlin-codegen-version = "0.32.7"
 
 # codegen
 smithy-version = "1.49.0"