diff --git a/toolchain/toolchain-external/toolchain-external-linaro-aarch64/Config.in b/toolchain/toolchain-external/toolchain-external-linaro-aarch64/Config.in
index 9134c27f3b..aabf2cffe8 100644
--- a/toolchain/toolchain-external/toolchain-external-linaro-aarch64/Config.in
+++ b/toolchain/toolchain-external/toolchain-external-linaro-aarch64/Config.in
@@ -1,5 +1,5 @@
 config BR2_TOOLCHAIN_EXTERNAL_LINARO_AARCH64
-	bool "Linaro AArch64 2017.11"
+	bool "Linaro AArch64 2018.05"
 	depends on BR2_aarch64
 	depends on BR2_HOSTARCH = "x86_64" || BR2_HOSTARCH = "x86"
 	depends on !BR2_STATIC_LIBS
diff --git a/toolchain/toolchain-external/toolchain-external-linaro-aarch64/toolchain-external-linaro-aarch64.hash b/toolchain/toolchain-external/toolchain-external-linaro-aarch64/toolchain-external-linaro-aarch64.hash
index fb24f1b34b..938e37c779 100644
--- a/toolchain/toolchain-external/toolchain-external-linaro-aarch64/toolchain-external-linaro-aarch64.hash
+++ b/toolchain/toolchain-external/toolchain-external-linaro-aarch64/toolchain-external-linaro-aarch64.hash
@@ -1,3 +1,3 @@
 # Locally calculated
-sha256 3130033eaf18d7f7d775aa8ade1c7044683b0db6f332cae29cab7d1caaee97ed  gcc-linaro-7.2.1-2017.11-i686_aarch64-linux-gnu.tar.xz
-sha256 20181f828e1075f1a493947ff91e82dd578ce9f8638fbdfc39e24b62857d8f8d  gcc-linaro-7.2.1-2017.11-x86_64_aarch64-linux-gnu.tar.xz
+sha256 466b801a60491ae1e2ce9952e0615cf04cf611596c6ffd5bfe8a89ef5be47e03  gcc-linaro-7.3.1-2018.05-i686_aarch64-linux-gnu.tar.xz
+sha256 73eed74e593e2267504efbcf3678918bb22409ab7afa3dc7c135d2c6790c2345  gcc-linaro-7.3.1-2018.05-x86_64_aarch64-linux-gnu.tar.xz
diff --git a/toolchain/toolchain-external/toolchain-external-linaro-aarch64/toolchain-external-linaro-aarch64.mk b/toolchain/toolchain-external/toolchain-external-linaro-aarch64/toolchain-external-linaro-aarch64.mk
index 93e00669eb..1015d63014 100644
--- a/toolchain/toolchain-external/toolchain-external-linaro-aarch64/toolchain-external-linaro-aarch64.mk
+++ b/toolchain/toolchain-external/toolchain-external-linaro-aarch64/toolchain-external-linaro-aarch64.mk
@@ -4,13 +4,13 @@
 #
 ################################################################################
 
-TOOLCHAIN_EXTERNAL_LINARO_AARCH64_VERSION = 2017.11
-TOOLCHAIN_EXTERNAL_LINARO_AARCH64_SITE = https://releases.linaro.org/components/toolchain/binaries/7.2-$(TOOLCHAIN_EXTERNAL_LINARO_AARCH64_VERSION)/aarch64-linux-gnu
+TOOLCHAIN_EXTERNAL_LINARO_AARCH64_VERSION = 2018.05
+TOOLCHAIN_EXTERNAL_LINARO_AARCH64_SITE = https://releases.linaro.org/components/toolchain/binaries/7.3-$(TOOLCHAIN_EXTERNAL_LINARO_AARCH64_VERSION)/aarch64-linux-gnu
 
 ifeq ($(HOSTARCH),x86)
-TOOLCHAIN_EXTERNAL_LINARO_AARCH64_SOURCE = gcc-linaro-7.2.1-$(TOOLCHAIN_EXTERNAL_LINARO_AARCH64_VERSION)-i686_aarch64-linux-gnu.tar.xz
+TOOLCHAIN_EXTERNAL_LINARO_AARCH64_SOURCE = gcc-linaro-7.3.1-$(TOOLCHAIN_EXTERNAL_LINARO_AARCH64_VERSION)-i686_aarch64-linux-gnu.tar.xz
 else
-TOOLCHAIN_EXTERNAL_LINARO_AARCH64_SOURCE = gcc-linaro-7.2.1-$(TOOLCHAIN_EXTERNAL_LINARO_AARCH64_VERSION)-x86_64_aarch64-linux-gnu.tar.xz
+TOOLCHAIN_EXTERNAL_LINARO_AARCH64_SOURCE = gcc-linaro-7.3.1-$(TOOLCHAIN_EXTERNAL_LINARO_AARCH64_VERSION)-x86_64_aarch64-linux-gnu.tar.xz
 endif
 
 $(eval $(toolchain-external-package))