diff --git a/components/esp_common/include/esp_idf_version.h b/components/esp_common/include/esp_idf_version.h
index f57325c2d7..7637b814b6 100644
--- a/components/esp_common/include/esp_idf_version.h
+++ b/components/esp_common/include/esp_idf_version.h
@@ -21,7 +21,7 @@ extern "C" {
 /** Major version number (X.x.x) */
 #define ESP_IDF_VERSION_MAJOR   4
 /** Minor version number (x.X.x) */
-#define ESP_IDF_VERSION_MINOR   3
+#define ESP_IDF_VERSION_MINOR   4
 /** Patch version number (x.x.X) */
 #define ESP_IDF_VERSION_PATCH   0
 
diff --git a/make/version.mk b/make/version.mk
index ac75136b3a..91c6f8398b 100644
--- a/make/version.mk
+++ b/make/version.mk
@@ -1,3 +1,3 @@
 IDF_VERSION_MAJOR := 4
-IDF_VERSION_MINOR := 3
+IDF_VERSION_MINOR := 4
 IDF_VERSION_PATCH := 0
diff --git a/tools/cmake/version.cmake b/tools/cmake/version.cmake
index 08f7eed364..6e273e551b 100644
--- a/tools/cmake/version.cmake
+++ b/tools/cmake/version.cmake
@@ -1,3 +1,3 @@
 set(IDF_VERSION_MAJOR 4)
-set(IDF_VERSION_MINOR 3)
+set(IDF_VERSION_MINOR 4)
 set(IDF_VERSION_PATCH 0)