diff --git a/conda/environments/all_cuda-118_arch-x86_64.yaml b/conda/environments/all_cuda-118_arch-x86_64.yaml
index e570bf9c..cbb2e8ef 100644
--- a/conda/environments/all_cuda-118_arch-x86_64.yaml
+++ b/conda/environments/all_cuda-118_arch-x86_64.yaml
@@ -22,7 +22,7 @@ dependencies:
 - dask-cuda==24.2.*
 - dask-cudf==24.2.*
 - distributed
-- fmt>=9.1.0,<10
+- fmt>=10.1.1,<11
 - gmock>=1.13.0
 - gtest>=1.13.0
 - librmm==24.2.*
@@ -41,7 +41,7 @@ dependencies:
 - rmm==24.2.*
 - scikit-build>=0.13.1
 - setuptools
-- spdlog>=1.11.0,<1.12
+- spdlog>=1.12.0,<1.13
 - tomli
 - ucx
 - wheel
diff --git a/conda/environments/all_cuda-120_arch-x86_64.yaml b/conda/environments/all_cuda-120_arch-x86_64.yaml
index c9b23b75..830680e5 100644
--- a/conda/environments/all_cuda-120_arch-x86_64.yaml
+++ b/conda/environments/all_cuda-120_arch-x86_64.yaml
@@ -22,7 +22,7 @@ dependencies:
 - dask-cuda==24.2.*
 - dask-cudf==24.2.*
 - distributed
-- fmt>=9.1.0,<10
+- fmt>=10.1.1,<11
 - gmock>=1.13.0
 - gtest>=1.13.0
 - librmm==24.2.*
@@ -41,7 +41,7 @@ dependencies:
 - rmm==24.2.*
 - scikit-build>=0.13.1
 - setuptools
-- spdlog>=1.11.0,<1.12
+- spdlog>=1.12.0,<1.13
 - tomli
 - ucx
 - wheel
diff --git a/dependencies.yaml b/dependencies.yaml
index 32c59f6c..744ac29d 100644
--- a/dependencies.yaml
+++ b/dependencies.yaml
@@ -67,12 +67,12 @@ dependencies:
           - c-compiler
           - cxx-compiler
           - &cmake_ver cmake>=3.26.4
-          - fmt>=9.1.0,<10
+          - fmt>=10.1.1,<11
           - &gmock gmock>=1.13.0
           - &gtest gtest>=1.13.0
           - librmm==24.2.*
           - ninja
-          - spdlog>=1.11.0,<1.12
+          - spdlog>=1.12.0,<1.13
   build_python:
     common:
       - output_types: [conda, requirements, pyproject]