diff --git a/meson.build b/meson.build
index bf78ff3bbb9..f1339e065d1 100644
--- a/meson.build
+++ b/meson.build
@@ -20,8 +20,8 @@ else
         project_minor_version = '0'
 endif
 
-libsystemd_version = '0.39.0'
-libudev_version = '1.7.9'
+libsystemd_version = '0.40.0'
+libudev_version = '1.7.10'
 
 conf = configuration_data()
 conf.set_quoted('PROJECT_URL', 'https://systemd.io/')
diff --git a/meson.version b/meson.version
index 8f6997e0866..5bcdf9a310c 100644
--- a/meson.version
+++ b/meson.version
@@ -1 +1 @@
-257~devel
+257~rc1