diff --git a/packages/devel/binutils/package.mk b/packages/devel/binutils/package.mk
index 46d66a87b6..8a375f7a15 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="2.37"
-PKG_SHA256="820d9724f020a3e69cb337893a0b63c2db161dadcb0e06fc11dc29eb1e84a32c"
+PKG_VERSION="2.38"
+PKG_SHA256="e316477a914f567eccc34d5d29785b8b0f5a10208d36bbacedcc39048ecfe024"
 PKG_LICENSE="GPL"
 PKG_SITE="https://www.gnu.org/software/binutils/"
 PKG_URL="https://ftp.gnu.org/gnu/binutils/${PKG_NAME}-${PKG_VERSION}.tar.xz"