diff --git a/packages/devel/binutils/package.mk b/packages/devel/binutils/package.mk
index df85c91415..08caa8cce5 100644
--- a/packages/devel/binutils/package.mk
+++ b/packages/devel/binutils/package.mk
@@ -3,8 +3,8 @@
 # Copyright (C) 2018-present Team LibreELEC (https://libreelec.tv)
 
 PKG_NAME="binutils"
-PKG_VERSION="2.33.1"
-PKG_SHA256="ab66fc2d1c3ec0359b8e08843c9f33b63e8707efdff5e4cc5c200eae24722cbf"
+PKG_VERSION="2.34"
+PKG_SHA256="f00b0e8803dc9bab1e2165bd568528135be734df3fabf8d0161828cd56028952"
 PKG_LICENSE="GPL"
 PKG_SITE="http://www.gnu.org/software/binutils/"
 PKG_URL="http://ftp.gnu.org/gnu/binutils/$PKG_NAME-$PKG_VERSION.tar.xz"