diff --git a/pkgs/development/python-modules/cvxpy/default.nix b/pkgs/development/python-modules/cvxpy/default.nix
index 73609966ba84..033af1fb5d92 100644
--- a/pkgs/development/python-modules/cvxpy/default.nix
+++ b/pkgs/development/python-modules/cvxpy/default.nix
@@ -16,14 +16,14 @@
 
 buildPythonPackage rec {
   pname = "cvxpy";
-  version = "1.2.0";
+  version = "1.2.1";
   format = "pyproject";
 
   disabled = pythonOlder "3.5";
 
   src = fetchPypi {
     inherit pname version;
-    sha256 = "sha256-QURm/ehJovqr/ZRE7ILKLnvxQsAdcjdSTPlzCt60IBw=";
+    sha256 = "sha256-bWdkJkPR3bLyr1m0Zrh9QsSi42eDGte0PDO1nu+ltQ4=";
   };
 
   propagatedBuildInputs = [