diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 6d899ccdb2c..9209fa38090 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-	".": "2.37.0"
+	".": "2.38.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 96013ce2747..4c9e3bec628 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [2.38.0](https://github.com/microsoftgraph/msgraph-beta-sdk-php/compare/v2.37.0...v2.38.0) (2025-05-20)
+
+
+### Features
+
+* **generation:** update request builders and models ([59decd6](https://github.com/microsoftgraph/msgraph-beta-sdk-php/commit/59decd6bc463d5d4bd9c7c41c2b71e6d0fbe16e3))
+
 ## [2.37.0](https://github.com/microsoftgraph/msgraph-beta-sdk-php/compare/v2.36.0...v2.37.0) (2025-05-13)
 
 
diff --git a/README.md b/README.md
index 9bc0428fda0..4ffdf5cc1d5 100644
--- a/README.md
+++ b/README.md
@@ -11,7 +11,7 @@ You can install the Beta PHP SDK with Composer by editing your `composer.json` f
 {
     "require": {
          // x-release-please-start-version
-        "microsoft/microsoft-graph-beta": "^2.37.0"
+        "microsoft/microsoft-graph-beta": "^2.38.0"
          // x-release-please-end
     }
 }
diff --git a/src/GraphConstants.php b/src/GraphConstants.php
index bdb74ea2ceb..6bfd7a7fb75 100644
--- a/src/GraphConstants.php
+++ b/src/GraphConstants.php
@@ -21,6 +21,6 @@ final class GraphConstants
     const API_VERSION = "beta";
 
     // x-release-please-start-version
-    const SDK_VERSION = "2.37.0";
+    const SDK_VERSION = "2.38.0";
     // x-release-please-end
 }