diff --git a/pkgs/development/python-modules/wasmtime/default.nix b/pkgs/development/python-modules/wasmtime/default.nix
index 3eea7f3f5268..3cc70aebe1b4 100644
--- a/pkgs/development/python-modules/wasmtime/default.nix
+++ b/pkgs/development/python-modules/wasmtime/default.nix
@@ -18,14 +18,14 @@ let
 in
 buildPythonPackage (finalAttrs: {
   pname = "wasmtime";
-  version = "46.0.1";
+  version = "47.0.1";
   pyproject = true;
 
   src = fetchFromGitHub {
     owner = "bytecodealliance";
     repo = "wasmtime-py";
     tag = finalAttrs.version;
-    hash = "sha256-PWMrmr9PPi98lQe5+KaY4bPLOYyJ5qYugMJwVwwnuwA=";
+    hash = "sha256-EtozWiHv354jDu0pHAI2vnx1c53Ldq4WBhTSFPZICSs=";
   };
 
   postPatch = ''