diff --git a/common/shlibs b/common/shlibs
index 64643f5b3c0..ede20ee14a6 100644
--- a/common/shlibs
+++ b/common/shlibs
@@ -4011,7 +4011,7 @@ libkdumpfile.so.10 libkdumpfile-0.4.1_1
 libamd.so.3 SuiteSparse-6.0.1_1
 libcamd.so.3 SuiteSparse-6.0.1_1
 libccolamd.so.3 SuiteSparse-6.0.1_1
-libcholmod.so.4 SuiteSparse-6.0.1_1
+libcholmod.so.5 SuiteSparse-7.3.0_1
 libcolamd.so.3 SuiteSparse-6.0.1_1
 libcxsparse.so.4 SuiteSparse-6.0.1_1
 libspqr.so.4 SuiteSparse-7.2.0_1
diff --git a/srcpkgs/SuiteSparse/template b/srcpkgs/SuiteSparse/template
index 02e482efbe1..cc162b87fe9 100644
--- a/srcpkgs/SuiteSparse/template
+++ b/srcpkgs/SuiteSparse/template
@@ -1,6 +1,6 @@
 # Template file for 'SuiteSparse'
 pkgname=SuiteSparse
-version=7.2.0
+version=7.3.1
 revision=1
 hostmakedepends="cmake gcc-fortran"
 makedepends="libgomp-devel mpfr-devel
@@ -11,7 +11,7 @@ license="custom:multiple"
 homepage="https://people.engr.tamu.edu/davis/suitesparse.html"
 changelog="https://raw.githubusercontent.com/DrTimothyAldenDavis/SuiteSparse/master/ChangeLog"
 distfiles="https://github.com/DrTimothyAldenDavis/SuiteSparse/archive/refs/tags/v${version}.tar.gz"
-checksum=ce63c34f566d0aeae3c85fdc5b72d293f7e834d10ec0a0417b4c0823ce6c0474
+checksum=b512484396a80750acf3082adc1807ba0aabb103c2e09be5691f46f14d0a9718
 
 build_options="openblas"