diff --git a/packages/sysutils/open-vm-tools/package.mk b/packages/sysutils/open-vm-tools/package.mk
index acc9f68275..4eb6363ea2 100644
--- a/packages/sysutils/open-vm-tools/package.mk
+++ b/packages/sysutils/open-vm-tools/package.mk
@@ -4,8 +4,8 @@
 # Copyright (C) 2018-present Team LibreELEC (https://libreelec.tv)
 
 PKG_NAME="open-vm-tools"
-PKG_VERSION="12.2.5"
-PKG_SHA256="8cf14932fde137d9079891c1c08ac8f41024de0af90e8ff3707fe0e66c687775"
+PKG_VERSION="12.3.0"
+PKG_SHA256="c69f7bcd4262726758302d20e594b2f11012334c9e53c47dabf8f4d0fdd16fff"
 PKG_ARCH="x86_64"
 PKG_LICENSE="GPL"
 PKG_SITE="https://github.com/vmware/open-vm-tools"