diff --git a/utils/yq/Makefile b/utils/yq/Makefile
index 6400b4807..ac72cca04 100644
--- a/utils/yq/Makefile
+++ b/utils/yq/Makefile
@@ -1,12 +1,12 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=yq
-PKG_VERSION:=4.35.2
+PKG_VERSION:=4.40.3
 PKG_RELEASE:=1
 
 PKG_SOURCE:=$(PKG_NAME)-$(PKG_VERSION).tar.gz
 PKG_SOURCE_URL:=https://codeload.github.com/mikefarah/yq/tar.gz/v$(PKG_VERSION)?
-PKG_HASH:=8b17d710c56f764e9beff06d7a7b1c77d87c4ba4219ce4ce67e7ee29670f4f13
+PKG_HASH:=238b695d372753a32bc0b8500a7ca99f98cf98d7855c3e84d6984a2b035b6268
 
 PKG_MAINTAINER:=Tianling Shen <cnsztl@immortalwrt.org>
 PKG_LICENSE:=MIT