diff --git a/elasticsearch-api/lib/elasticsearch/api/version.rb b/elasticsearch-api/lib/elasticsearch/api/version.rb
index b79e9aeb19..adfd7a85aa 100644
--- a/elasticsearch-api/lib/elasticsearch/api/version.rb
+++ b/elasticsearch-api/lib/elasticsearch/api/version.rb
@@ -17,6 +17,6 @@
 
 module Elasticsearch
   module API
-    VERSION = '8.17.0'.freeze
+    VERSION = '8.18.0'.freeze
   end
 end
diff --git a/elasticsearch/elasticsearch.gemspec b/elasticsearch/elasticsearch.gemspec
index 01fa96b12d..dd16a0e5f4 100644
--- a/elasticsearch/elasticsearch.gemspec
+++ b/elasticsearch/elasticsearch.gemspec
@@ -46,7 +46,7 @@ Gem::Specification.new do |s|
   s.required_ruby_version = '>= 2.5'
 
   s.add_dependency 'elastic-transport', '~> 8.3'
-  s.add_dependency 'elasticsearch-api', '8.17.0'
+  s.add_dependency 'elasticsearch-api', '8.18.0'
 
   s.add_development_dependency 'base64'
   s.add_development_dependency 'bundler'
diff --git a/elasticsearch/lib/elasticsearch/version.rb b/elasticsearch/lib/elasticsearch/version.rb
index 822eadc59b..8d7e5e7064 100644
--- a/elasticsearch/lib/elasticsearch/version.rb
+++ b/elasticsearch/lib/elasticsearch/version.rb
@@ -16,5 +16,5 @@
 # under the License.
 
 module Elasticsearch
-  VERSION = '8.17.0'.freeze
+  VERSION = '8.18.0'.freeze
 end