diff --git a/gnu/packages/xiph.scm b/gnu/packages/xiph.scm
index dffad299e9..5ee3620798 100644
--- a/gnu/packages/xiph.scm
+++ b/gnu/packages/xiph.scm
@@ -130,7 +130,7 @@ compressed video format.")
 (define-public speex
   (package
     (name "speex")
-    (version "1.2.0")
+    (version "1.2.1")
     (source
      (origin
       (method url-fetch)
@@ -138,7 +138,7 @@ compressed video format.")
                           version ".tar.gz"))
       (sha256
        (base32
-        "150047wnllz4r94whb9r73l5qf0z5z3rlhy98bawfbblmkq8mbpa"))))
+        "1spy51kaxfhpj8171gn1s69wz82nzkz2k0x7k0nhldwangrd8i2b"))))
     (build-system gnu-build-system)
     (arguments
      '(#:configure-flags '("--disable-static")))