diff --git a/package/iperf3/iperf3.hash b/package/iperf3/iperf3.hash
index c96d68cd99..15c75b6dac 100644
--- a/package/iperf3/iperf3.hash
+++ b/package/iperf3/iperf3.hash
@@ -1,4 +1,4 @@
-# From https://downloads.es.net/pub/iperf/iperf-3.10.1.tar.gz.sha256
-sha256  03bc9760cc54a245191d46bfc8edaf8a4750f0e87abca6764486972044d6715a  iperf-3.10.1.tar.gz
+# From https://downloads.es.net/pub/iperf/iperf-3.12.tar.gz.sha256
+sha256  72034ecfb6a7d6d67e384e19fb6efff3236ca4f7ed4c518d7db649c447e1ffd6  iperf-3.12.tar.gz
 # Locally computed
-sha256  0e1cb1921904626f0d3e86cacc0e28333140f0f9957267cff0b9d185645743ed  LICENSE
+sha256  a5c2e3d799f2835156e565a3de4fad33d32ed289cdc9e414dfaf75719fd12ef9  LICENSE
diff --git a/package/iperf3/iperf3.mk b/package/iperf3/iperf3.mk
index 8c57c61fce..9041c86575 100644
--- a/package/iperf3/iperf3.mk
+++ b/package/iperf3/iperf3.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-IPERF3_VERSION = 3.10.1
+IPERF3_VERSION = 3.12
 IPERF3_SITE = https://downloads.es.net/pub/iperf
 IPERF3_SOURCE = iperf-$(IPERF3_VERSION).tar.gz
 IPERF3_LICENSE = BSD-3-Clause, BSD-2-Clause, MIT