diff --git a/package/speex/speex.hash b/package/speex/speex.hash
index f5235d6262..5a2f942e82 100644
--- a/package/speex/speex.hash
+++ b/package/speex/speex.hash
@@ -1,6 +1,4 @@
 # From https://downloads.xiph.org/releases/speex/SHA256SUMS.txt
-sha256 eaae8af0ac742dc7d542c9439ac72f1f385ce838392dc849cae4536af9210094  speex-1.2.0.tar.gz
-# From https://downloads.xiph.org/releases/speex/MD5SUMS
-md5 8ab7bb2589110dfaf0ed7fa7757dc49c  speex-1.2.0.tar.gz
+sha256  4b44d4f2b38a370a2d98a78329fefc56a0cf93d1c1be70029217baae6628feea  speex-1.2.1.tar.gz
 # Locally computed
-sha256 671bb5d8fd3c6b05a2e831d90f978ac27965c92bd8ea6d16b3df76e3440c0e9f  COPYING
+sha256  2654a4264b2bfe298dedc508748d140111840c315cc8eb646a3a68c13fa75b01  COPYING
diff --git a/package/speex/speex.mk b/package/speex/speex.mk
index 674be78ff8..6d61e93833 100644
--- a/package/speex/speex.mk
+++ b/package/speex/speex.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-SPEEX_VERSION = 1.2.0
+SPEEX_VERSION = 1.2.1
 SPEEX_SITE = https://downloads.xiph.org/releases/speex
 SPEEX_LICENSE = BSD-3-Clause
 SPEEX_LICENSE_FILES = COPYING