diff --git a/sdk/deps_versions.json b/sdk/deps_versions.json
index feb0e2bd..d25f4db3 100644
--- a/sdk/deps_versions.json
+++ b/sdk/deps_versions.json
@@ -1,7 +1,7 @@
 {
   "foundry-local-core": {
-    "nuget": "1.2.1",
-    "python": "1.2.1"
+    "nuget": "1.2.3",
+    "python": "1.2.3"
   },
   "onnxruntime": {
     "version": "1.26.0"
diff --git a/sdk/deps_versions_winml.json b/sdk/deps_versions_winml.json
index 2d6a76c5..75e18dff 100644
--- a/sdk/deps_versions_winml.json
+++ b/sdk/deps_versions_winml.json
@@ -1,7 +1,7 @@
 {
   "foundry-local-core": {
-    "nuget": "1.2.1",
-    "python": "1.2.1"
+    "nuget": "1.2.3",
+    "python": "1.2.3"
   },
   "windows-ai-machinelearning": {
     "version": "2.1.1"
diff --git a/sdk/python/requirements-winml.txt b/sdk/python/requirements-winml.txt
index afa57401..c0654c2a 100644
--- a/sdk/python/requirements-winml.txt
+++ b/sdk/python/requirements-winml.txt
@@ -2,6 +2,6 @@ pydantic>=2.0.0
 requests>=2.32.4
 openai>=2.24.0
 # WinML native binary packages from the ORT-Nightly PyPI feed.
-foundry-local-core-winml==1.2.1
+foundry-local-core-winml==1.2.3
 onnxruntime-core==1.26.0
 onnxruntime-genai-core==0.14.1
\ No newline at end of file
diff --git a/sdk/python/requirements.txt b/sdk/python/requirements.txt
index 3d53b29f..473a8b48 100644
--- a/sdk/python/requirements.txt
+++ b/sdk/python/requirements.txt
@@ -5,7 +5,7 @@ openai>=2.24.0
 # - Linux x86_64:   onnxruntime-gpu / onnxruntime-genai-cuda (CUDA-enabled wheels).
 # - Linux aarch64:  onnxruntime / onnxruntime-genai (the CUDA variants do not ship aarch64 binaries).
 # - Other platforms: onnxruntime-core / onnxruntime-genai-core (cross-platform variants).
-foundry-local-core==1.2.1
+foundry-local-core==1.2.3
 onnxruntime-core==1.26.0; sys_platform != "linux"
 onnxruntime-gpu==1.26.0; sys_platform == "linux" and platform_machine == "x86_64"
 onnxruntime==1.26.0; sys_platform == "linux" and platform_machine == "aarch64"