diff --git a/pkgs/development/compilers/circt/circt-llvm.nix b/pkgs/development/compilers/circt/circt-llvm.nix
index a21b82d93376..efde87b0789c 100644
--- a/pkgs/development/compilers/circt/circt-llvm.nix
+++ b/pkgs/development/compilers/circt/circt-llvm.nix
@@ -23,7 +23,7 @@
     "-DLLVM_BUILD_EXAMPLES=OFF"
     "-DLLVM_OPTIMIZED_TABLEGEN=ON"
     "-DLLVM_ENABLE_PROJECTS=mlir"
-    "-DLLVM_TARGETS_TO_BUILD="
+    "-DLLVM_TARGETS_TO_BUILD=Native"
 
     # This option is needed to install llvm-config
     "-DLLVM_INSTALL_UTILS=ON"
diff --git a/pkgs/development/compilers/circt/default.nix b/pkgs/development/compilers/circt/default.nix
index 58174f3fde0a..2b9f64bb6b20 100644
--- a/pkgs/development/compilers/circt/default.nix
+++ b/pkgs/development/compilers/circt/default.nix
@@ -7,6 +7,7 @@
 , fetchFromGitHub
 , ninja
 , lit
+, z3
 , gitUpdater
 , callPackage
 }:
@@ -17,18 +18,18 @@ let
 in
 stdenv.mkDerivation rec {
   pname = "circt";
-  version = "1.73.0";
+  version = "1.74.0";
   src = fetchFromGitHub {
     owner = "llvm";
     repo = "circt";
     rev = "firtool-${version}";
-    hash = "sha256-C50PiToXrKf94Vg1yv++3xVhIuCW/KVPs0yLv5Fg0dY=";
+    hash = "sha256-RFvWUd98OiL2I3aFrP61LQRZr4FSKrrZ5YOblBKRCA4=";
     fetchSubmodules = true;
   };
 
   requiredSystemFeatures = [ "big-parallel" ];
 
-  nativeBuildInputs = [ cmake ninja git pythonEnv ];
+  nativeBuildInputs = [ cmake ninja git pythonEnv z3 ];
   buildInputs = [ circt-llvm ];
 
   cmakeFlags = [