diff --git a/pkgs/by-name/xe/xemu/package.nix b/pkgs/by-name/xe/xemu/package.nix
index e8e4a66dddcc..e8d2f665f919 100644
--- a/pkgs/by-name/xe/xemu/package.nix
+++ b/pkgs/by-name/xe/xemu/package.nix
@@ -28,14 +28,14 @@
 
 stdenv.mkDerivation (finalAttrs: {
   pname = "xemu";
-  version = "0.7.120";
+  version = "0.7.121";
 
   src = fetchFromGitHub {
     owner = "xemu-project";
     repo = "xemu";
     rev = "v${finalAttrs.version}";
     fetchSubmodules = true;
-    hash = "sha256-FFxYp53LLDOPZ1Inr70oyQXhNjJO23G+gNmXd/lvrYs=";
+    hash = "sha256-VcztVzG/IN9N0SVKj6BipyqnhxXC2nTTuMjKMtFKzGw=";
   };
 
   nativeBuildInputs = [