diff --git a/srcpkgs/python3-setuptools-rust/template b/srcpkgs/python3-setuptools-rust/template
index 082b3faa8c8..6d7cf7a7988 100644
--- a/srcpkgs/python3-setuptools-rust/template
+++ b/srcpkgs/python3-setuptools-rust/template
@@ -1,7 +1,7 @@
 # Template file for 'python3-setuptools-rust'
 pkgname=python3-setuptools-rust
-version=1.12.0
-revision=2
+version=1.12.1
+revision=1
 build_style=python3-pep517
 hostmakedepends="python3-setuptools_scm python3-wheel"
 depends="python3-semanticversion python3-setuptools python3-typing_extensions"
@@ -11,7 +11,7 @@ license="MIT"
 homepage="https://github.com/PyO3/setuptools-rust"
 changelog="https://raw.githubusercontent.com/PyO3/setuptools-rust/master/CHANGELOG.md"
 distfiles="${PYPI_SITE}/s/setuptools_rust/setuptools_rust-${version}.tar.gz"
-checksum=d94a93f0c97751c17014565f07bdc324bee45d396cd1bba83d8e7af92b945f0c
+checksum=85ae70989d96c9cfeb5ef79cf3bac2d5200bc5564f720a06edceedbdf6664640
 # Tests have unpackaged dependencies
 make_check=no