diff --git a/tensorflow/core/public/version.h b/tensorflow/core/public/version.h
index da3999e36565db6b7114530240fcd6e411b82ca9..0861af4c51b5faed5a6f99f9145596945054db48 100644
--- a/tensorflow/core/public/version.h
+++ b/tensorflow/core/public/version.h
@@ -20,7 +20,7 @@ limitations under the License.
 
 #define TF_MAJOR_VERSION 1
 #define TF_MINOR_VERSION 12
-#define TF_PATCH_VERSION 2
+#define TF_PATCH_VERSION 3
 
 // TF_VERSION_SUFFIX is non-empty for pre-releases (e.g. "-alpha", "-alpha.1",
 // "-beta", "-rc", "-rc.1")
diff --git a/tensorflow/tools/pip_package/setup.py b/tensorflow/tools/pip_package/setup.py
index d4d7f7106eb6cb5595b3d844e7b146cbae73efc0..97c9e5bda425d7782c4a89d4aa8764d541926c29 100644
--- a/tensorflow/tools/pip_package/setup.py
+++ b/tensorflow/tools/pip_package/setup.py
@@ -45,7 +45,7 @@ DOCLINES = __doc__.split('\n')
 # This version string is semver compatible, but incompatible with pip.
 # For pip, we will remove all '-' characters from this string, and use the
 # result for pip.
-_VERSION = '1.12.2'
+_VERSION = '1.12.3'
 
 REQUIRED_PACKAGES = [
     'absl-py >= 0.1.6',