diff --git a/ReactVersions.js b/ReactVersions.js
index 6ee0dae837..c657857cbb 100644
--- a/ReactVersions.js
+++ b/ReactVersions.js
@@ -7,18 +7,18 @@
 //
 // The @latest channel uses the version as-is, e.g.:
 //
-//   19.2.0
+//   19.3.0
 //
 // The @canary channel appends additional information, with the scheme
 // <version>-<label>-<commit_sha>, e.g.:
 //
-//   19.2.0-canary-a1c2d3e4
+//   19.3.0-canary-a1c2d3e4
 //
 // The @experimental channel doesn't include a version, only a date and a sha, e.g.:
 //
 //   0.0.0-experimental-241c4467e-20200129
 
-const ReactVersion = '19.2.0';
+const ReactVersion = '19.3.0';
 
 // The label used by the @canary channel. Represents the upcoming release's
 // stability. Most of the time, this will be "canary", but we may temporarily
@@ -33,8 +33,8 @@ const canaryChannelLabel = 'canary';
 const rcNumber = 0;
 
 const stablePackages = {
-  'eslint-plugin-react-hooks': '6.1.0',
-  'jest-react': '0.17.0',
+  'eslint-plugin-react-hooks': '6.2.0',
+  'jest-react': '0.18.0',
   react: ReactVersion,
   'react-art': ReactVersion,
   'react-dom': ReactVersion,
@@ -42,12 +42,12 @@ const stablePackages = {
   'react-server-dom-turbopack': ReactVersion,
   'react-server-dom-parcel': ReactVersion,
   'react-is': ReactVersion,
-  'react-reconciler': '0.33.0',
-  'react-refresh': '0.18.0',
+  'react-reconciler': '0.34.0',
+  'react-refresh': '0.19.0',
   'react-test-renderer': ReactVersion,
-  'use-subscription': '1.12.0',
-  'use-sync-external-store': '1.6.0',
-  scheduler: '0.27.0',
+  'use-subscription': '1.13.0',
+  'use-sync-external-store': '1.7.0',
+  scheduler: '0.28.0',
 };
 
 // These packages do not exist in the @canary or @latest channel, only
diff --git a/packages/react-art/package.json b/packages/react-art/package.json
index f1435bcaa3..daeb4ad295 100644
--- a/packages/react-art/package.json
+++ b/packages/react-art/package.json
@@ -1,7 +1,7 @@
 {
   "name": "react-art",
   "description": "React ART is a JavaScript library for drawing vector graphics using React. It provides declarative and reactive bindings to the ART library. Using the same declarative API you can render the output to either Canvas, SVG or VML (IE8).",
-  "version": "19.2.0",
+  "version": "19.3.0",
   "main": "index.js",
   "repository": {
     "type": "git",
@@ -24,10 +24,10 @@
   "dependencies": {
     "art": "^0.10.1",
     "create-react-class": "^15.6.2",
-    "scheduler": "^0.27.0"
+    "scheduler": "^0.28.0"
   },
   "peerDependencies": {
-    "react": "^19.2.0"
+    "react": "^19.3.0"
   },
   "files": [
     "LICENSE",
diff --git a/packages/react-dom-bindings/package.json b/packages/react-dom-bindings/package.json
index 6282f4fed8..f7d91a6dd9 100644
--- a/packages/react-dom-bindings/package.json
+++ b/packages/react-dom-bindings/package.json
@@ -1,7 +1,7 @@
 {
   "name": "react-dom-bindings",
   "description": "React implementation details for react-dom.",
-  "version": "19.2.0",
+  "version": "19.3.0",
   "private": true,
   "main": "index.js",
   "repository": {
diff --git a/packages/react-dom/package.json b/packages/react-dom/package.json
index 39a3b3d636..77776a7b5b 100644
--- a/packages/react-dom/package.json
+++ b/packages/react-dom/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-dom",
-  "version": "19.2.0",
+  "version": "19.3.0",
   "description": "React package for working with the DOM.",
   "main": "index.js",
   "repository": {
@@ -17,10 +17,10 @@
   },
   "homepage": "https://react.dev/",
   "dependencies": {
-    "scheduler": "^0.27.0"
+    "scheduler": "^0.28.0"
   },
   "peerDependencies": {
-    "react": "^19.2.0"
+    "react": "^19.3.0"
   },
   "files": [
     "LICENSE",
diff --git a/packages/react-is/package.json b/packages/react-is/package.json
index e2b0209e85..f910553fcb 100644
--- a/packages/react-is/package.json
+++ b/packages/react-is/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-is",
-  "version": "19.2.0",
+  "version": "19.3.0",
   "description": "Brand checking of React Elements.",
   "main": "index.js",
   "sideEffects": false,
diff --git a/packages/react-markup/package.json b/packages/react-markup/package.json
index 0e7ef1f4e0..5644865339 100644
--- a/packages/react-markup/package.json
+++ b/packages/react-markup/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-markup",
-  "version": "19.2.0",
+  "version": "19.3.0",
   "description": "React package generating embedded markup such as e-mails with support for Server Components.",
   "main": "index.js",
   "repository": {
diff --git a/packages/react-native-renderer/package.json b/packages/react-native-renderer/package.json
index 9b3862eb2f..9dccf45b04 100644
--- a/packages/react-native-renderer/package.json
+++ b/packages/react-native-renderer/package.json
@@ -8,7 +8,7 @@
     "directory": "packages/react-native-renderer"
   },
   "dependencies": {
-    "scheduler": "^0.27.0"
+    "scheduler": "^0.28.0"
   },
   "peerDependencies": {
     "react": "^18.0.0"
diff --git a/packages/react-reconciler/package.json b/packages/react-reconciler/package.json
index 8864374f92..91c38415db 100644
--- a/packages/react-reconciler/package.json
+++ b/packages/react-reconciler/package.json
@@ -1,7 +1,7 @@
 {
   "name": "react-reconciler",
   "description": "React package for creating custom renderers.",
-  "version": "0.33.0",
+  "version": "0.34.0",
   "keywords": [
     "react"
   ],
@@ -26,9 +26,9 @@
     "node": ">=0.10.0"
   },
   "peerDependencies": {
-    "react": "^19.2.0"
+    "react": "^19.3.0"
   },
   "dependencies": {
-    "scheduler": "^0.27.0"
+    "scheduler": "^0.28.0"
   }
 }
diff --git a/packages/react-refresh/package.json b/packages/react-refresh/package.json
index ea5181efc6..105af71485 100644
--- a/packages/react-refresh/package.json
+++ b/packages/react-refresh/package.json
@@ -4,7 +4,7 @@
   "keywords": [
     "react"
   ],
-  "version": "0.18.0",
+  "version": "0.19.0",
   "homepage": "https://react.dev/",
   "bugs": "https://github.com/facebook/react/issues",
   "license": "MIT",
diff --git a/packages/react-server-dom-esm/package.json b/packages/react-server-dom-esm/package.json
index 802bc629be..79f73eb984 100644
--- a/packages/react-server-dom-esm/package.json
+++ b/packages/react-server-dom-esm/package.json
@@ -1,7 +1,7 @@
 {
   "name": "react-server-dom-esm",
   "description": "React Server Components bindings for DOM using ESM. This is intended to be integrated into meta-frameworks. It is not intended to be imported directly.",
-  "version": "19.2.0",
+  "version": "19.3.0",
   "keywords": [
     "react"
   ],
diff --git a/packages/react-server-dom-fb/package.json b/packages/react-server-dom-fb/package.json
index f2da79e750..4041e0ab46 100644
--- a/packages/react-server-dom-fb/package.json
+++ b/packages/react-server-dom-fb/package.json
@@ -8,7 +8,7 @@
     "directory": "packages/react-server-dom-fb"
   },
   "dependencies": {
-    "scheduler": "^0.27.0"
+    "scheduler": "^0.28.0"
   },
   "peerDependencies": {
     "react": "^18.0.0",
diff --git a/packages/react-server-dom-parcel/package.json b/packages/react-server-dom-parcel/package.json
index 3f55e250b1..6732c962cb 100644
--- a/packages/react-server-dom-parcel/package.json
+++ b/packages/react-server-dom-parcel/package.json
@@ -1,7 +1,7 @@
 {
   "name": "react-server-dom-parcel",
   "description": "React Server Components bindings for DOM using Parcel. This is intended to be integrated into meta-frameworks. It is not intended to be imported directly.",
-  "version": "19.2.0",
+  "version": "19.3.0",
   "keywords": [
     "react"
   ],
@@ -79,7 +79,7 @@
     "node": ">=0.10.0"
   },
   "peerDependencies": {
-    "react": "^19.2.0",
-    "react-dom": "^19.2.0"
+    "react": "^19.3.0",
+    "react-dom": "^19.3.0"
   }
 }
diff --git a/packages/react-server-dom-turbopack/package.json b/packages/react-server-dom-turbopack/package.json
index 6f756d8e69..e3adedd68d 100644
--- a/packages/react-server-dom-turbopack/package.json
+++ b/packages/react-server-dom-turbopack/package.json
@@ -1,7 +1,7 @@
 {
   "name": "react-server-dom-turbopack",
   "description": "React Server Components bindings for DOM using Turbopack. This is intended to be integrated into meta-frameworks. It is not intended to be imported directly.",
-  "version": "19.2.0",
+  "version": "19.3.0",
   "keywords": [
     "react"
   ],
@@ -79,8 +79,8 @@
     "node": ">=0.10.0"
   },
   "peerDependencies": {
-    "react": "^19.2.0",
-    "react-dom": "^19.2.0"
+    "react": "^19.3.0",
+    "react-dom": "^19.3.0"
   },
   "dependencies": {
     "acorn-loose": "^8.3.0",
diff --git a/packages/react-server-dom-webpack/package.json b/packages/react-server-dom-webpack/package.json
index 7d523834e5..d261e13d9f 100644
--- a/packages/react-server-dom-webpack/package.json
+++ b/packages/react-server-dom-webpack/package.json
@@ -1,7 +1,7 @@
 {
   "name": "react-server-dom-webpack",
   "description": "React Server Components bindings for DOM using Webpack. This is intended to be integrated into meta-frameworks. It is not intended to be imported directly.",
-  "version": "19.2.0",
+  "version": "19.3.0",
   "keywords": [
     "react"
   ],
@@ -100,8 +100,8 @@
     "node": ">=0.10.0"
   },
   "peerDependencies": {
-    "react": "^19.2.0",
-    "react-dom": "^19.2.0",
+    "react": "^19.3.0",
+    "react-dom": "^19.3.0",
     "webpack": "^5.59.0"
   },
   "dependencies": {
diff --git a/packages/react-test-renderer/package.json b/packages/react-test-renderer/package.json
index f15badfead..b09c371c01 100644
--- a/packages/react-test-renderer/package.json
+++ b/packages/react-test-renderer/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-test-renderer",
-  "version": "19.2.0",
+  "version": "19.3.0",
   "description": "React package for snapshot testing.",
   "main": "index.js",
   "repository": {
@@ -19,11 +19,11 @@
   },
   "homepage": "https://react.dev/",
   "dependencies": {
-    "react-is": "^19.2.0",
-    "scheduler": "^0.27.0"
+    "react-is": "^19.3.0",
+    "scheduler": "^0.28.0"
   },
   "peerDependencies": {
-    "react": "^19.2.0"
+    "react": "^19.3.0"
   },
   "files": [
     "LICENSE",
diff --git a/packages/react/package.json b/packages/react/package.json
index a8085cf5a1..0705be8aa0 100644
--- a/packages/react/package.json
+++ b/packages/react/package.json
@@ -4,7 +4,7 @@
   "keywords": [
     "react"
   ],
-  "version": "19.2.0",
+  "version": "19.3.0",
   "homepage": "https://react.dev/",
   "bugs": "https://github.com/facebook/react/issues",
   "license": "MIT",
diff --git a/packages/scheduler/package.json b/packages/scheduler/package.json
index 56ac6297a4..9c94ef2b35 100644
--- a/packages/scheduler/package.json
+++ b/packages/scheduler/package.json
@@ -1,6 +1,6 @@
 {
   "name": "scheduler",
-  "version": "0.27.0",
+  "version": "0.28.0",
   "description": "Cooperative scheduler for the browser environment.",
   "repository": {
     "type": "git",
diff --git a/packages/shared/ReactVersion.js b/packages/shared/ReactVersion.js
index 7f3ee2dca4..bd5fa23ca2 100644
--- a/packages/shared/ReactVersion.js
+++ b/packages/shared/ReactVersion.js
@@ -12,4 +12,4 @@
 // TODO: This module is used both by the release scripts and to expose a version
 // at runtime. We should instead inject the version number as part of the build
 // process, and use the ReactVersions.js module as the single source of truth.
-export default '19.2.0';
+export default '19.3.0';
diff --git a/packages/use-subscription/package.json b/packages/use-subscription/package.json
index 2f6bcbe35a..a784ea751e 100644
--- a/packages/use-subscription/package.json
+++ b/packages/use-subscription/package.json
@@ -1,7 +1,7 @@
 {
   "name": "use-subscription",
   "description": "Reusable hooks",
-  "version": "1.12.0",
+  "version": "1.13.0",
   "repository": {
     "type": "git",
     "url": "https://github.com/facebook/react.git",
diff --git a/packages/use-sync-external-store/package.json b/packages/use-sync-external-store/package.json
index 65882d4610..5ca1f42860 100644
--- a/packages/use-sync-external-store/package.json
+++ b/packages/use-sync-external-store/package.json
@@ -1,7 +1,7 @@
 {
   "name": "use-sync-external-store",
   "description": "Backwards compatible shim for React's useSyncExternalStore. Works with any React that supports hooks.",
-  "version": "1.6.0",
+  "version": "1.7.0",
   "exports": {
     ".": "./index.js",
     "./with-selector": "./with-selector.js",