diff --git a/bundle/manifests/gpu-operator-certified.clusterserviceversion.yaml b/bundle/manifests/gpu-operator-certified.clusterserviceversion.yaml
index b215fc3cc..93e4f5235 100644
--- a/bundle/manifests/gpu-operator-certified.clusterserviceversion.yaml
+++ b/bundle/manifests/gpu-operator-certified.clusterserviceversion.yaml
@@ -271,9 +271,9 @@ spec:
     - name: gpu-operator-validator-image
       image: ghcr.io/nvidia/gpu-operator:main-latest
     - name: k8s-driver-manager-image
-      image: nvcr.io/nvidia/cloud-native/k8s-driver-manager:v0.12.0@sha256:7d98d08a751cc528d1c8c8bdc2f9d9fcd59714b158a3985a5a0262f1620098e4
+      image: nvcr.io/nvidia/cloud-native/k8s-driver-manager:v0.12.1@sha256:37e6bf0cf02b5888288a173353b858da8823cc9f9fb9c6e8d6d1e2cf5bfb16c8
     - name: vfio-manager-image
-      image: nvcr.io/nvidia/cloud-native/k8s-driver-manager:v0.12.0@sha256:7d98d08a751cc528d1c8c8bdc2f9d9fcd59714b158a3985a5a0262f1620098e4
+      image: nvcr.io/nvidia/cloud-native/k8s-driver-manager:v0.12.1@sha256:37e6bf0cf02b5888288a173353b858da8823cc9f9fb9c6e8d6d1e2cf5bfb16c8
     - name: cc-manager-image
       image: nvcr.io/nvidia/cloud-native/k8s-cc-manager:v0.4.4@sha256:09b376f2bb829819549a4b27086b532047ec51ea5585ca22b96c26c2939e92bd
     - name: sandbox-device-plugin-image
@@ -1135,11 +1135,11 @@ spec:
                   - name: "DRIVER_IMAGE-610"
                     value: "nvcr.io/nvidia/driver@sha256:a35d05d5b984ad18713af957f87380ccbefd8f0bb5e6771fc7856e6a9e1d201f"
                   - name: "DRIVER_MANAGER_IMAGE"
-                    value: "nvcr.io/nvidia/cloud-native/k8s-driver-manager:v0.12.0@sha256:7d98d08a751cc528d1c8c8bdc2f9d9fcd59714b158a3985a5a0262f1620098e4"
+                    value: "nvcr.io/nvidia/cloud-native/k8s-driver-manager:v0.12.1@sha256:37e6bf0cf02b5888288a173353b858da8823cc9f9fb9c6e8d6d1e2cf5bfb16c8"
                   - name: "MIG_MANAGER_IMAGE"
                     value: "nvcr.io/nvidia/cloud-native/k8s-mig-manager:v0.15.1@sha256:c1674fa2f46012dc425539f7fcac6445dce13bc81a05e4f91e311c7b8c27bcaf"
                   - name: "VFIO_MANAGER_IMAGE"
-                    value: "nvcr.io/nvidia/cloud-native/k8s-driver-manager:v0.12.0@sha256:7d98d08a751cc528d1c8c8bdc2f9d9fcd59714b158a3985a5a0262f1620098e4"
+                    value: "nvcr.io/nvidia/cloud-native/k8s-driver-manager:v0.12.1@sha256:37e6bf0cf02b5888288a173353b858da8823cc9f9fb9c6e8d6d1e2cf5bfb16c8"
                   - name: "CC_MANAGER_IMAGE"
                     value: "nvcr.io/nvidia/cloud-native/k8s-cc-manager:v0.4.4@sha256:09b376f2bb829819549a4b27086b532047ec51ea5585ca22b96c26c2939e92bd"
                   - name: "SANDBOX_DEVICE_PLUGIN_IMAGE"
diff --git a/deployments/gpu-operator/values.yaml b/deployments/gpu-operator/values.yaml
index 73270399e..563702cdc 100644
--- a/deployments/gpu-operator/values.yaml
+++ b/deployments/gpu-operator/values.yaml
@@ -203,7 +203,7 @@ driver:
     image: k8s-driver-manager
     # When choosing a different version of k8s-driver-manager, DO NOT downgrade to a version lower than v0.6.4
     # to ensure k8s-driver-manager stays compatible with gpu-operator starting from v24.3.0
-    version: v0.12.0
+    version: v0.12.1
     imagePullPolicy: IfNotPresent
     env: []
   env: []
@@ -477,7 +477,7 @@ vgpuManager:
     image: k8s-driver-manager
     # When choosing a different version of k8s-driver-manager, DO NOT downgrade to a version lower than v0.6.4
     # to ensure k8s-driver-manager stays compatible with gpu-operator starting from v24.3.0
-    version: v0.12.0
+    version: v0.12.1
     imagePullPolicy: IfNotPresent
     env: []
    # kernel module configuration for vGPU manager
@@ -502,7 +502,7 @@ vfioManager:
   enabled: true
   repository: nvcr.io/nvidia/cloud-native
   image: k8s-driver-manager
-  version: v0.12.0
+  version: v0.12.1
   imagePullPolicy: IfNotPresent
   imagePullSecrets: []
   env: []
@@ -512,7 +512,7 @@ vfioManager:
     image: k8s-driver-manager
     # When choosing a different version of k8s-driver-manager, DO NOT downgrade to a version lower than v0.6.4
     # to ensure k8s-driver-manager stays compatible with gpu-operator starting from v24.3.0
-    version: v0.12.0
+    version: v0.12.1
     imagePullPolicy: IfNotPresent
     env: []
   hostNetwork: false