diff --git a/components/esp32/include/esp_idf_version.h b/components/esp32/include/esp_idf_version.h
index c4a9cc91d..dc51cac7f 100644
--- a/components/esp32/include/esp_idf_version.h
+++ b/components/esp32/include/esp_idf_version.h
@@ -23,7 +23,7 @@ extern "C" {
 /** Minor version number (x.X.x) */
 #define ESP_IDF_VERSION_MINOR   2
 /** Patch version number (x.x.X) */
-#define ESP_IDF_VERSION_PATCH   3
+#define ESP_IDF_VERSION_PATCH   4
 
 /**
  * Macro to convert IDF version number into an integer
diff --git a/make/version.mk b/make/version.mk
index dc45b4142..e2d012677 100644
--- a/make/version.mk
+++ b/make/version.mk
@@ -1,3 +1,3 @@
 IDF_VERSION_MAJOR := 3
 IDF_VERSION_MINOR := 2
-IDF_VERSION_PATCH := 3
+IDF_VERSION_PATCH := 4
diff --git a/tools/cmake/version.cmake b/tools/cmake/version.cmake
index ad1b1ea1b..1f3cfc1ad 100644
--- a/tools/cmake/version.cmake
+++ b/tools/cmake/version.cmake
@@ -1,3 +1,3 @@
 set(IDF_VERSION_MAJOR 3)
 set(IDF_VERSION_MINOR 2)
-set(IDF_VERSION_PATCH 3)
+set(IDF_VERSION_PATCH 4)