diff --git a/clang/docs/ClangOffloadBundler.rst b/clang/docs/ClangOffloadBundler.rst
index 62cf1642a03a3..5570dbb08ab9a 100644
--- a/clang/docs/ClangOffloadBundler.rst
+++ b/clang/docs/ClangOffloadBundler.rst
@@ -525,15 +525,15 @@ The compressed offload bundle begins with a header followed by the compressed bi
     This is a unique identifier to distinguish compressed offload bundles. The value is the string 'CCOB' (Compressed Clang Offload Bundle).
 
 - **Version Number (16-bit unsigned int)**:
-    This denotes the version of the compressed offload bundle format. The current version is `2`.
+    This denotes the version of the compressed offload bundle format. The current version is `3`.
 
 - **Compression Method (16-bit unsigned int)**:
     This field indicates the compression method used. The value corresponds to either `zlib` or `zstd`, represented as a 16-bit unsigned integer cast from the LLVM compression enumeration.
 
-- **Total File Size (32-bit unsigned int)**:
+- **Total File Size (unsigned int, 32-bit in v2, 64-bit in v3)**:
     This is the total size (in bytes) of the file, including the header. Available in version 2 and above.
 
-- **Uncompressed Binary Size (32-bit unsigned int)**:
+- **Uncompressed Binary Size (unsigned int, 32-bit in v2, 64-bit in v3)**:
     This is the size (in bytes) of the binary data before it was compressed.
 
 - **Hash (64-bit unsigned int)**:
@@ -542,4 +542,4 @@ The compressed offload bundle begins with a header followed by the compressed bi
 - **Compressed Data**:
     The actual compressed binary data follows the header. Its size can be inferred from the total size of the file minus the header size.
 
-    > **Note**: Version 3 of the format is under development. It uses 64-bit fields for Total File Size and Uncompressed Binary Size to support files larger than 4GB. To experiment with version 3, set the environment variable `COMPRESSED_BUNDLE_FORMAT_VERSION=3`. This support is experimental and not recommended for production use.
+    > **Note**: Version 3 is now the default format. For backward compatibility with older HIP runtimes that support version 2 only, set the environment variable `COMPRESSED_BUNDLE_FORMAT_VERSION=2`.
diff --git a/clang/include/clang/Driver/OffloadBundler.h b/clang/include/clang/Driver/OffloadBundler.h
index 667156a524b79..e7306ce3cc9ab 100644
--- a/clang/include/clang/Driver/OffloadBundler.h
+++ b/clang/include/clang/Driver/OffloadBundler.h
@@ -120,7 +120,7 @@ class CompressedOffloadBundle {
     static llvm::Expected<CompressedBundleHeader> tryParse(llvm::StringRef);
   };
 
-  static inline const uint16_t DefaultVersion = 2;
+  static inline const uint16_t DefaultVersion = 3;
 
   static llvm::Expected<std::unique_ptr<llvm::MemoryBuffer>>
   compress(llvm::compression::Params P, const llvm::MemoryBuffer &Input,
diff --git a/clang/test/Driver/clang-offload-bundler-zlib.c b/clang/test/Driver/clang-offload-bundler-zlib.c
index b026e2ec99877..211601c2c7fbb 100644
--- a/clang/test/Driver/clang-offload-bundler-zlib.c
+++ b/clang/test/Driver/clang-offload-bundler-zlib.c
@@ -66,6 +66,30 @@
 // NOHOST-V3-DAG: hip-amdgcn-amd-amdhsa--gfx900
 // NOHOST-V3-DAG: hip-amdgcn-amd-amdhsa--gfx906
 
+// Check compression/decompression of offload bundle using version 2 format.
+//
+// RUN: env OFFLOAD_BUNDLER_COMPRESS=1 OFFLOAD_BUNDLER_VERBOSE=1 COMPRESSED_BUNDLE_FORMAT_VERSION=2 \
+// RUN:   clang-offload-bundler -type=bc -targets=hip-amdgcn-amd-amdhsa--gfx900,hip-amdgcn-amd-amdhsa--gfx906 \
+// RUN:   -input=%t.tgt1 -input=%t.tgt2 -output=%t.hip.bundle.bc 2>&1 | \
+// RUN:   FileCheck -check-prefix=COMPRESS-V2 %s
+// RUN: clang-offload-bundler -type=bc -list -input=%t.hip.bundle.bc | FileCheck -check-prefix=NOHOST-V2 %s
+// RUN: env OFFLOAD_BUNDLER_VERBOSE=1 \
+// RUN:   clang-offload-bundler -type=bc -targets=hip-amdgcn-amd-amdhsa--gfx900,hip-amdgcn-amd-amdhsa--gfx906 \
+// RUN:   -output=%t.res.tgt1 -output=%t.res.tgt2 -input=%t.hip.bundle.bc -unbundle 2>&1 | \
+// RUN:   FileCheck -check-prefix=DECOMPRESS-V2 %s
+// RUN: diff %t.tgt1 %t.res.tgt1
+// RUN: diff %t.tgt2 %t.res.tgt2
+//
+// COMPRESS-V2: Compressed bundle format version: 2
+// COMPRESS-V2: Compression method used: zlib
+// COMPRESS-V2: Compression level: 6
+// DECOMPRESS-V2: Compressed bundle format version: 2
+// DECOMPRESS-V2: Decompression method: zlib
+// DECOMPRESS-V2: Hashes match: Yes
+// NOHOST-V2-NOT: host-
+// NOHOST-V2-DAG: hip-amdgcn-amd-amdhsa--gfx900
+// NOHOST-V2-DAG: hip-amdgcn-amd-amdhsa--gfx906
+
 // Check -compression-level= option
 
 // RUN: clang-offload-bundler -type=bc -targets=hip-amdgcn-amd-amdhsa--gfx900,hip-amdgcn-amd-amdhsa--gfx906 \
diff --git a/clang/test/Driver/clang-offload-bundler-zstd.c b/clang/test/Driver/clang-offload-bundler-zstd.c
index 667d9554daec7..c1123ae5acb38 100644
--- a/clang/test/Driver/clang-offload-bundler-zstd.c
+++ b/clang/test/Driver/clang-offload-bundler-zstd.c
@@ -29,11 +29,11 @@
 // RUN: diff %t.tgt1 %t.res.tgt1
 // RUN: diff %t.tgt2 %t.res.tgt2
 //
-// CHECK: Compressed bundle format version: 2
+// CHECK: Compressed bundle format version: 3
 // CHECK: Total file size (including headers): [[SIZE:[0-9]*]] bytes
 // CHECK: Compression method used: zstd
 // CHECK: Compression level: 3
-// CHECK: Compressed bundle format version: 2
+// CHECK: Compressed bundle format version: 3
 // CHECK: Total file size (from header): [[SIZE]] bytes
 // CHECK: Decompression method: zstd
 // CHECK: Hashes match: Yes