diff --git a/libcxx/include/__config b/libcxx/include/__config
index 5e30a42174afd..36bdbd8680db8 100644
--- a/libcxx/include/__config
+++ b/libcxx/include/__config
@@ -38,7 +38,7 @@
 // _LIBCPP_VERSION represents the version of libc++, which matches the version of LLVM.
 // Given a LLVM release LLVM XX.YY.ZZ (e.g. LLVM 16.0.1 == 16.00.01), _LIBCPP_VERSION is
 // defined to XXYYZZ.
-#  define _LIBCPP_VERSION 160002
+#  define _LIBCPP_VERSION 160003
 
 #  define _LIBCPP_CONCAT_IMPL(_X, _Y) _X##_Y
 #  define _LIBCPP_CONCAT(_X, _Y) _LIBCPP_CONCAT_IMPL(_X, _Y)
diff --git a/llvm/CMakeLists.txt b/llvm/CMakeLists.txt
index 1819151f3d63c..451012627c6ba 100644
--- a/llvm/CMakeLists.txt
+++ b/llvm/CMakeLists.txt
@@ -22,7 +22,7 @@ if(NOT DEFINED LLVM_VERSION_MINOR)
   set(LLVM_VERSION_MINOR 0)
 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/gn/secondary/llvm/version.gni b/llvm/utils/gn/secondary/llvm/version.gni
index a96d28393da7b..8f97848eed63a 100644
--- a/llvm/utils/gn/secondary/llvm/version.gni
+++ b/llvm/utils/gn/secondary/llvm/version.gni
@@ -1,4 +1,4 @@
 llvm_version_major = 16
 llvm_version_minor = 0
-llvm_version_patch = 2
+llvm_version_patch = 3
 llvm_version = "$llvm_version_major.$llvm_version_minor.$llvm_version_patch"
diff --git a/llvm/utils/lit/lit/__init__.py b/llvm/utils/lit/lit/__init__.py
index 9283442d1bd58..af141923cedee 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__ = (16, 0, 2)
+__versioninfo__ = (16, 0, 3)
 __version__ = '.'.join(str(v) for v in __versioninfo__) + 'dev'
 
 __all__ = []