diff --git a/package/octave/octave.hash b/package/octave/octave.hash
index 4ae6ad4684..4c4c457b65 100644
--- a/package/octave/octave.hash
+++ b/package/octave/octave.hash
@@ -1,5 +1,5 @@
 # Locally computed after checking signature
-# https://ftp.gnu.org/gnu/octave/octave-10.2.0.tar.lz.sig
+# https://ftp.gnu.org/gnu/octave/octave-10.3.0.tar.lz.sig
 # using key DBD9C84E39FE1AAE99F04446B05F05B75D36644B
-sha256  d0bf8992b6d4ac2bdae93590f8520882150a239cc260b43c632b4a9ad28e8991  octave-10.2.0.tar.lz
+sha256  68bc82885a3ae67a806debb14eb229506d2fe398c969dd42e2e38cc1c35f2aff  octave-10.3.0.tar.lz
 sha256  3972dc9744f6499f0f9b2dbf76696f2ae7ad8af9b23dde66d6af86c9dfb36986  COPYING
diff --git a/package/octave/octave.mk b/package/octave/octave.mk
index 2f9346138b..155dfc8427 100644
--- a/package/octave/octave.mk
+++ b/package/octave/octave.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-OCTAVE_VERSION = 10.2.0
+OCTAVE_VERSION = 10.3.0
 OCTAVE_SITE = $(BR2_GNU_MIRROR)/octave
 OCTAVE_SOURCE = octave-$(OCTAVE_VERSION).tar.lz
 OCTAVE_LICENSE = GPL-3.0+