diff --git a/package/qemu/qemu.hash b/package/qemu/qemu.hash
index 2b27008b73..338d2ae503 100644
--- a/package/qemu/qemu.hash
+++ b/package/qemu/qemu.hash
@@ -1,4 +1,4 @@
 # Locally computed, tarball verified with GPG signature
-sha256 33583800e0006cd00b78226b85be5a27c8e3b156bed2e60e83ecbeb7b9b8364f  qemu-2.12.1.tar.xz
+sha256 6a0508df079a0a33c2487ca936a56c12122f105b8a96a44374704bef6c69abfc  qemu-3.1.0.tar.xz
 sha256 6f04ae8364d0079a192b14635f4b1da294ce18724c034c39a6a41d1b09df6100  COPYING
 sha256 48ffe9fc7f1d5462dbd19340bc4dd1d8a9e37c61ed535813e614cbe4a5f0d4df  COPYING.LIB
diff --git a/package/qemu/qemu.mk b/package/qemu/qemu.mk
index 99313234c1..a1bd7e5d6e 100644
--- a/package/qemu/qemu.mk
+++ b/package/qemu/qemu.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-QEMU_VERSION = 2.12.1
+QEMU_VERSION = 3.1.0
 QEMU_SOURCE = qemu-$(QEMU_VERSION).tar.xz
 QEMU_SITE = http://download.qemu.org
 QEMU_LICENSE = GPL-2.0, LGPL-2.1, MIT, BSD-3-Clause, BSD-2-Clause, Others/BSD-1c