diff --git a/package/iperf3/iperf3.hash b/package/iperf3/iperf3.hash
index ee0149daed..2aef76578a 100644
--- a/package/iperf3/iperf3.hash
+++ b/package/iperf3/iperf3.hash
@@ -1,4 +1,4 @@
-# From https://downloads.es.net/pub/iperf/iperf-3.17.1.tar.gz.sha256
-sha256  84404ca8431b595e86c473d8f23d8bb102810001f15feaf610effd3b318788aa  iperf-3.17.1.tar.gz
+# From https://downloads.es.net/pub/iperf/iperf-3.18.tar.gz.sha256
+sha256  c0618175514331e766522500e20c94bfb293b4424eb27d7207fb427b88d20bab  iperf-3.18.tar.gz
 # Locally computed
 sha256  3dc3e2076dd9cdea2b66d8fe213997ff25fb6171594f055b59fe25321b438f6f  LICENSE
diff --git a/package/iperf3/iperf3.mk b/package/iperf3/iperf3.mk
index 1d2b57208a..744ee070a4 100644
--- a/package/iperf3/iperf3.mk
+++ b/package/iperf3/iperf3.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-IPERF3_VERSION = 3.17.1
+IPERF3_VERSION = 3.18
 IPERF3_SITE = https://downloads.es.net/pub/iperf
 IPERF3_SOURCE = iperf-$(IPERF3_VERSION).tar.gz
 IPERF3_LICENSE = BSD-3-Clause, BSD-2-Clause, MIT