diff --git a/package/binutils/Config.in.host b/package/binutils/Config.in.host
index 9e1ed6353f..007728321c 100644
--- a/package/binutils/Config.in.host
+++ b/package/binutils/Config.in.host
@@ -7,7 +7,7 @@ config BR2_PACKAGE_HOST_BINUTILS_SUPPORTS_CFI
 
 choice
 	prompt "Binutils Version"
-	default BR2_BINUTILS_VERSION_2_41_X if !BR2_arc
+	default BR2_BINUTILS_VERSION_2_42_X if !BR2_arc
 	default BR2_BINUTILS_VERSION_ARC if BR2_arc
 	help
 	  Select the version of binutils you wish to use.
diff --git a/package/binutils/binutils.mk b/package/binutils/binutils.mk
index d98dd7b830..3d1f77c8c4 100644
--- a/package/binutils/binutils.mk
+++ b/package/binutils/binutils.mk
@@ -11,7 +11,7 @@ ifeq ($(BINUTILS_VERSION),)
 ifeq ($(BR2_arc),y)
 BINUTILS_VERSION = arc-2023.09-release
 else
-BINUTILS_VERSION = 2.41
+BINUTILS_VERSION = 2.42
 endif
 endif # BINUTILS_VERSION