diff --git a/gnome-software.spec b/gnome-software.spec
index ea4f879..78f3a1e 100644
--- a/gnome-software.spec
+++ b/gnome-software.spec
@@ -11,8 +11,8 @@
 %global tarball_version %%(echo %{version} | tr '~' '.')
 
 Name:      gnome-software
-Version:   40.2
-Release:   2%{?dist}
+Version:   40.3
+Release:   1%{?dist}
 Summary:   A software center for GNOME
 
 License:   GPLv2+
@@ -202,6 +202,9 @@ desktop-file-validate %{buildroot}%{_datadir}/applications/*.desktop
 %{_datadir}/gtk-doc/html/gnome-software
 
 %changelog
+* Mon Jul 12 2021 Milan Crha <mcrha@redhat.com> - 40.3-1
+- Related: #1981296 (Update to 40.3)
+
 * Tue Jun 22 2021 Mohan Boddu <mboddu@redhat.com> - 40.2-2
 - Rebuilt for RHEL 9 BETA for openssl 3.0
   Related: rhbz#1971065
diff --git a/sources b/sources
index e57a641..028dcb3 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (gnome-software-40.2.tar.xz) = ded29be4c59130a4016d43d3e18a67c8cf3fec4761a7a57c067bf075a6f1da5b7726000172e2303ba129b3b5cb8bd22ebfad8fbf0e3248285a4864350f3a1679
+SHA512 (gnome-software-40.3.tar.xz) = 6070f8f59fa9872282a081b6ba4f740616a799cffae43a8a541ebf4e0d7b189710dbdce679b1e5136a3fff5f8da29ec8e1ed9df7289c0a6ed697eb0ad693271f