diff --git a/CMakeLists.txt b/CMakeLists.txt
index 30f8c4a74fa..785ba987519 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -72,7 +72,7 @@ endif()
 
 set(PROJECT_NAME "oneDNN")
 set(PROJECT_FULL_NAME "oneAPI Deep Neural Network Library (oneDNN)")
-set(PROJECT_VERSION "2.7.3")
+set(PROJECT_VERSION "2.7.4")
 
 if (CMAKE_VERSION VERSION_LESS 3.0)
     project(${PROJECT_NAME} C CXX)