diff --git a/pkgs/applications/virtualization/crosvm/default.nix b/pkgs/applications/virtualization/crosvm/default.nix
index 96e457b40724..c36ed736176a 100644
--- a/pkgs/applications/virtualization/crosvm/default.nix
+++ b/pkgs/applications/virtualization/crosvm/default.nix
@@ -6,18 +6,18 @@
 
 rustPlatform.buildRustPackage rec {
   pname = "crosvm";
-  version = "127.0";
+  version = "128.1";
 
   src = fetchgit {
     url = "https://chromium.googlesource.com/chromiumos/platform/crosvm";
-    rev = "8fdfed12c960850e9d5e809cfd2a40ce3bdd98d6";
-    hash = "sha256-W0zLYM91xoq9vURgYs2noc9F9RtvoXztIIHMx0HVK5g=";
+    rev = "57702acf01cbd0e560e058dc97d22378d0c49ecc";
+    hash = "sha256-lQStmmTxMC9Iq6vJxJMFIUUtaixJNGuBfAvBo9KKrjU=";
     fetchSubmodules = true;
   };
 
   separateDebugInfo = true;
 
-  cargoHash = "sha256-nEJBRlwMqTahaIC9WdtoxGLVfc+U9sJ0ilzLhavcbD0=";
+  cargoHash = "sha256-qKCO9Rkk04HznExgYKJgpssZDjWfhsY2XOBifvtHFos=";
 
   nativeBuildInputs = [
     pkg-config protobuf python3 rustPlatform.bindgenHook wayland-scanner