diff --git a/lib/tsc.js b/lib/tsc.js
index 96906a463c07e..4e2739286dbef 100644
--- a/lib/tsc.js
+++ b/lib/tsc.js
@@ -18,7 +18,7 @@ and limitations under the License.
 
 // src/compiler/corePublic.ts
 var versionMajorMinor = "5.3";
-var version = "5.3.0-beta";
+var version = "5.3.1-rc";
 
 // src/compiler/core.ts
 var emptyArray = [];
diff --git a/lib/tsserver.js b/lib/tsserver.js
index a50f196cdf704..af55fa4ff8530 100644
--- a/lib/tsserver.js
+++ b/lib/tsserver.js
@@ -2328,7 +2328,7 @@ module.exports = __toCommonJS(server_exports);
 
 // src/compiler/corePublic.ts
 var versionMajorMinor = "5.3";
-var version = "5.3.0-beta";
+var version = "5.3.1-rc";
 var Comparison = /* @__PURE__ */ ((Comparison3) => {
   Comparison3[Comparison3["LessThan"] = -1] = "LessThan";
   Comparison3[Comparison3["EqualTo"] = 0] = "EqualTo";
diff --git a/lib/typescript.js b/lib/typescript.js
index 3f3798f016e0f..1a51e84326f63 100644
--- a/lib/typescript.js
+++ b/lib/typescript.js
@@ -35,7 +35,7 @@ var ts = (() => {
     "src/compiler/corePublic.ts"() {
       "use strict";
       versionMajorMinor = "5.3";
-      version = "5.3.0-beta";
+      version = "5.3.1-rc";
       Comparison = /* @__PURE__ */ ((Comparison3) => {
         Comparison3[Comparison3["LessThan"] = -1] = "LessThan";
         Comparison3[Comparison3["EqualTo"] = 0] = "EqualTo";
diff --git a/lib/typingsInstaller.js b/lib/typingsInstaller.js
index 722eb2eae2683..31f163b33b60c 100644
--- a/lib/typingsInstaller.js
+++ b/lib/typingsInstaller.js
@@ -54,7 +54,7 @@ var path = __toESM(require("path"));
 
 // src/compiler/corePublic.ts
 var versionMajorMinor = "5.3";
-var version = "5.3.0-beta";
+var version = "5.3.1-rc";
 
 // src/compiler/core.ts
 var emptyArray = [];
diff --git a/package-lock.json b/package-lock.json
index d094d90448372..ae6ef5c3bfe5e 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
     "name": "typescript",
-    "version": "5.3.0",
+    "version": "5.3.1-rc",
     "lockfileVersion": 2,
     "requires": true,
     "packages": {
         "": {
             "name": "typescript",
-            "version": "5.3.0",
+            "version": "5.3.1-rc",
             "license": "Apache-2.0",
             "bin": {
                 "tsc": "bin/tsc",
diff --git a/package.json b/package.json
index f9d49aa350110..1fb5805c4287f 100644
--- a/package.json
+++ b/package.json
@@ -2,7 +2,7 @@
     "name": "typescript",
     "author": "Microsoft Corp.",
     "homepage": "https://www.typescriptlang.org/",
-    "version": "5.3.0-beta",
+    "version": "5.3.1-rc",
     "license": "Apache-2.0",
     "description": "TypeScript is a language for application scale JavaScript development",
     "keywords": [
diff --git a/src/compiler/corePublic.ts b/src/compiler/corePublic.ts
index ef8ac2839f456..cbeddf4855eb2 100644
--- a/src/compiler/corePublic.ts
+++ b/src/compiler/corePublic.ts
@@ -4,7 +4,7 @@ export const versionMajorMinor = "5.3";
 // The following is baselined as a literal template type without intervention
 /** The version of the TypeScript compiler release */
 // eslint-disable-next-line @typescript-eslint/no-inferrable-types
-export const version: string = "5.3.0-beta" as string;
+export const version = "5.3.1-rc" as string;
 
 /**
  * Type of objects whose values are all of the same type.