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 ed810c8cef3..649172b2b70 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [2.38.0](https://github.com/microsoftgraph/msgraph-sdk-php/compare/v2.37.0...v2.38.0) (2025-06-24)
+
+
+### Features
+
+* **generation:** update request builders and models ([9fac268](https://github.com/microsoftgraph/msgraph-sdk-php/commit/9fac268dd046051ad25f8ca96d9b32308b14915f))
+
 ## [2.37.0](https://github.com/microsoftgraph/msgraph-sdk-php/compare/v2.36.0...v2.37.0) (2025-06-17)
 
 
diff --git a/README.md b/README.md
index 9674a4bcb62..f57cc753446 100644
--- a/README.md
+++ b/README.md
@@ -11,7 +11,7 @@ You can install the PHP SDK with Composer by editing your `composer.json` file:
 {
     "require": {
         // x-release-please-start-version
-        "microsoft/microsoft-graph": "^2.37.0"
+        "microsoft/microsoft-graph": "^2.38.0"
         // x-release-please-end
     }
 }
diff --git a/src/GraphConstants.php b/src/GraphConstants.php
index f69f6cdab54..2e62b7995a8 100644
--- a/src/GraphConstants.php
+++ b/src/GraphConstants.php
@@ -20,6 +20,6 @@ final class GraphConstants
 {
     const API_VERSION = "v1.0";
     // x-release-please-start-version
-    const SDK_VERSION = "2.37.0";
+    const SDK_VERSION = "2.38.0";
     // x-release-please-end
 }