diff --git a/src/snowflake/cli/__about__.py b/src/snowflake/cli/__about__.py
index 875c910b51..8ba7ceb3b1 100644
--- a/src/snowflake/cli/__about__.py
+++ b/src/snowflake/cli/__about__.py
@@ -14,4 +14,4 @@
 
 from __future__ import annotations
 
-VERSION = "3.2.0rc2"
+VERSION = "3.2.0rc3"
diff --git a/tests_e2e/__snapshots__/test_installation.ambr b/tests_e2e/__snapshots__/test_installation.ambr
index dc6394cbc9..82ab0f21d4 100644
--- a/tests_e2e/__snapshots__/test_installation.ambr
+++ b/tests_e2e/__snapshots__/test_installation.ambr
@@ -14,7 +14,7 @@
                                                                                   
    Usage: snow [OPTIONS] COMMAND [ARGS]...                                        
                                                                                   
-   Snowflake CLI tool for developers [v3.2.0rc2]                                  
+   Snowflake CLI tool for developers [v3.2.0rc3]                                  
                                                                                   
   +- Options --------------------------------------------------------------------+
   | --version                           Shows version of the Snowflake CLI       |