diff --git a/cmd/version.go b/cmd/version.go
index 65fa881a716..d4977bc7004 100644
--- a/cmd/version.go
+++ b/cmd/version.go
@@ -11,7 +11,7 @@ var (
 	GitDescribe string
 
 	// Version is main version number that is being run at the moment.
-	Version = "v4.40.6"
+	Version = "v4.40.7"
 
 	// VersionPrerelease is a pre-release marker for the version. If this is "" (empty string)
 	// then it means that it is a final release. Otherwise, this is a pre-release
diff --git a/snap/snapcraft.yaml b/snap/snapcraft.yaml
index 56f565faf5d..55853ccf74c 100644
--- a/snap/snapcraft.yaml
+++ b/snap/snapcraft.yaml
@@ -1,5 +1,5 @@
 name: yq
-version: 'v4.40.6'
+version: 'v4.40.7'
 summary: A lightweight and portable command-line data file processor
 description: |
   `yq` uses [jq](https://github.com/stedolan/jq) like syntax but works with yaml, json, xml, csv, properties and TOML files.
@@ -21,6 +21,6 @@ parts:
   yq:
     plugin: go
     source: https://github.com/mikefarah/yq.git
-    source-tag: v4.40.6
+    source-tag: v4.40.7
     build-snaps:
       - go/latest/stable