diff --git a/WORKSPACE b/WORKSPACE
index 61eff7f767a..eb92bdba173 100644
--- a/WORKSPACE
+++ b/WORKSPACE
@@ -11,8 +11,8 @@ load("//tensorflow_serving:repo.bzl", "tensorflow_http_archive")
 
 tensorflow_http_archive(
     name = "org_tensorflow",
-    sha256 = "5aae44f967556dc524e6b184643bbd33a2d78184bc654b72c09f041f266b89a2",
-    git_commit = "a6d8ffae097d0132989ae4688d224121ec6d8f35",
+    sha256 = "757b3c5b2b8b372c39e2db41cb9b55638e2814c70587f79186d93d7a1850cfa9",
+    git_commit = "5b900cfe4b3b848f577315a0dde09a729f770e95",
 )
 
 # TensorFlow depends on "io_bazel_rules_closure" so we need this here.
diff --git a/tensorflow_serving/model_servers/BUILD b/tensorflow_serving/model_servers/BUILD
index 63b2c709d2e..c40a77bcbfd 100644
--- a/tensorflow_serving/model_servers/BUILD
+++ b/tensorflow_serving/model_servers/BUILD
@@ -440,7 +440,7 @@ pkg_deb(
     homepage = "https://github.com/tensorflow/serving",
     maintainer = "TensorFlow Serving team",
     package = "tensorflow-model-server",
-    version = "1.12.0",  # Set when releasing a new version of TensorFlow Serving (e.g. 1.0.0).
+    version = "1.12.3",  # Set when releasing a new version of TensorFlow Serving (e.g. 1.0.0).
 )
 
 # Build with '-c opt'
@@ -451,5 +451,5 @@ pkg_deb(
     homepage = "https://github.com/tensorflow/serving",
     maintainer = "TensorFlow Serving team",
     package = "tensorflow-model-server-universal",
-    version = "1.12.0",  # Set when releasing a new version of TensorFlow Serving (e.g. 1.0.0).
+    version = "1.12.3",  # Set when releasing a new version of TensorFlow Serving (e.g. 1.0.0).
 )
diff --git a/tensorflow_serving/model_servers/version.h b/tensorflow_serving/model_servers/version.h
index 0536ccec0fe..b6423d6f1e2 100644
--- a/tensorflow_serving/model_servers/version.h
+++ b/tensorflow_serving/model_servers/version.h
@@ -24,7 +24,7 @@ limitations under the License.
 
 #define TF_MODELSERVER_MAJOR_VERSION 1
 #define TF_MODELSERVER_MINOR_VERSION 12
-#define TF_MODELSERVER_PATCH_VERSION 0
+#define TF_MODELSERVER_PATCH_VERSION 3
 // TF_MODELSERVER_VERSION_SUFFIX is non-empty for pre-releases
 // (e.g. "-alpha", "-alpha.1", "-beta", "-rc", "-rc.1")
 #define TF_MODELSERVER_VERSION_SUFFIX "-rc0"
diff --git a/tensorflow_serving/tools/pip_package/setup.py b/tensorflow_serving/tools/pip_package/setup.py
index f363c64dc46..67dc9e16051 100644
--- a/tensorflow_serving/tools/pip_package/setup.py
+++ b/tensorflow_serving/tools/pip_package/setup.py
@@ -29,7 +29,7 @@
 DOCLINES = __doc__.split('\n')
 
 # Set when releasing a new version of TensorFlow Serving (e.g. 1.0.0).
-_VERSION = '1.12.0'
+_VERSION = '1.12.3'
 
 REQUIRED_PACKAGES = [
     'tensorflow>=1.2.0,<2',