diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index f8b76dd2cf1..8355c1079a4 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 = "1.2.1"
-smithy-kotlin-codegen-version = "0.32.1"
+smithy-kotlin-runtime-version = "1.2.2"
+smithy-kotlin-codegen-version = "0.32.2"
 
 # codegen
 smithy-version = "1.47.0"