diff --git a/Cython.spec b/Cython.spec
index 46a91ad..caed175 100644
--- a/Cython.spec
+++ b/Cython.spec
@@ -5,7 +5,7 @@
 %bcond cython_compile 1
 
 Name:           Cython
-Version:        3.0.12
+Version:        3.1.2
 Release:        %autorelease
 Summary:        Language for writing Python extension modules
 
diff --git a/sources b/sources
index fb14614..741a985 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (Cython-3.0.12.tar.gz) = bbf2cc662b846cf5ff9b686046ec210ea9d3893482e2b5a2696d2ad44f12facd15075b168a3eb6d1f4ea799786f676868eab2593451bceb2937aec2cb1aea99e
+SHA512 (Cython-3.1.2.tar.gz) = 52e840a77581d1ca435376750f54c5a231c357ab6c54ecfbc7383e202a83142ad30d0dc978a79360a66a7651bbe3fb0f4d786a24c1e34278253035572795a02e
diff --git a/tests/testsuite/main.fmf b/tests/testsuite/main.fmf
index 23d1dec..4f5b19b 100644
--- a/tests/testsuite/main.fmf
+++ b/tests/testsuite/main.fmf
@@ -12,8 +12,9 @@ require:
   - python3-pytest
   - flexiblas-devel  # for pythran
   # ipython and pythran installed from PyPI, not available in RHEL
+  # Add ipython again when upstream resolves https://github.com/cython/cython/issues/7075
 test: |
-  pip install ipython==8.24.0 pythran==0.15.0 &&
+  pip install pythran==0.18.0 &&
   cd $(dirname $TMT_SOURCE_DIR/cython-*/tests) &&
   python3 runtests.py -vv --no-pyregr --exclude 'run.pstats_profile_test*'
 duration: 240m