diff --git a/homeassistant/components/esphome/manifest.json b/homeassistant/components/esphome/manifest.json
index 25dc956ea3b..42ebc471b7c 100644
--- a/homeassistant/components/esphome/manifest.json
+++ b/homeassistant/components/esphome/manifest.json
@@ -3,7 +3,7 @@
   "name": "ESPHome",
   "config_flow": true,
   "documentation": "https://www.home-assistant.io/integrations/esphome",
-  "requirements": ["aioesphomeapi==12.2.0"],
+  "requirements": ["aioesphomeapi==12.2.1"],
   "zeroconf": ["_esphomelib._tcp.local."],
   "dhcp": [{ "registered_devices": true }],
   "codeowners": ["@OttoWinter", "@jesserockz"],
diff --git a/requirements_all.txt b/requirements_all.txt
index af7c28d68a8..cc0bb13bafe 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -156,7 +156,7 @@ aioecowitt==2022.11.0
 aioemonitor==1.0.5
 
 # homeassistant.components.esphome
-aioesphomeapi==12.2.0
+aioesphomeapi==12.2.1
 
 # homeassistant.components.flo
 aioflo==2021.11.0
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index 098c44976fb..790c067a3b1 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -143,7 +143,7 @@ aioecowitt==2022.11.0
 aioemonitor==1.0.5
 
 # homeassistant.components.esphome
-aioesphomeapi==12.2.0
+aioesphomeapi==12.2.1
 
 # homeassistant.components.flo
 aioflo==2021.11.0