diff --git a/srcpkgs/open-vm-tools/template b/srcpkgs/open-vm-tools/template
index a8781238bb7..cd507b729bf 100644
--- a/srcpkgs/open-vm-tools/template
+++ b/srcpkgs/open-vm-tools/template
@@ -1,6 +1,6 @@
 # Template file for 'open-vm-tools'
 pkgname=open-vm-tools
-version=12.2.5
+version=12.3.0
 revision=1
 archs="x86_64* i686* aarch64*"
 build_wrksrc="open-vm-tools"
@@ -18,7 +18,7 @@ license="GPL-2.0-only, LGPL-2.1-only"
 homepage="https://github.com/vmware/open-vm-tools"
 changelog="https://raw.githubusercontent.com/vmware/open-vm-tools/master/ReleaseNotes.md"
 distfiles="https://github.com/vmware/open-vm-tools/archive/refs/tags/stable-${version}.tar.gz"
-checksum=8cf14932fde137d9079891c1c08ac8f41024de0af90e8ff3707fe0e66c687775
+checksum=c69f7bcd4262726758302d20e594b2f11012334c9e53c47dabf8f4d0fdd16fff
 
 build_options="pam x11"
 build_options_default="pam x11"