diff --git a/Cargo.lock b/Cargo.lock
index b008bdc65a8..c0b5dcb9172 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3836,7 +3836,7 @@ checksum = "61c41af27dd6d1e27b1b16b489db798443478cef1f06a660c96db617ba5de3b1"
 
 [[package]]
 name = "target-spec"
-version = "3.2.0"
+version = "3.2.1"
 dependencies = [
  "cfg-expr",
  "guppy-workspace-hack",
diff --git a/guppy/Cargo.toml b/guppy/Cargo.toml
index bfe5cfaa883..c77522f7f42 100644
--- a/guppy/Cargo.toml
+++ b/guppy/Cargo.toml
@@ -50,7 +50,7 @@ serde = { version = "1.0.204", features = ["derive"] }
 serde_json = "1.0.117"
 smallvec = "1.13.2"
 static_assertions = "1.1.0"
-target-spec = { version = "3.2.0", path = "../target-spec" }
+target-spec = { version = "3.2.1", path = "../target-spec" }
 toml = { version = "0.5.11", optional = true, features = ["preserve_order"] }
 guppy-workspace-hack.workspace = true
 
diff --git a/target-spec-miette/Cargo.toml b/target-spec-miette/Cargo.toml
index 3f0db6e06b9..a44bef7dbea 100644
--- a/target-spec-miette/Cargo.toml
+++ b/target-spec-miette/Cargo.toml
@@ -12,7 +12,7 @@ edition = "2021"
 rust-version.workspace = true
 
 [dependencies]
-target-spec = { version = "3.2.0", path = "../target-spec" }
+target-spec = { version = "3.2.1", path = "../target-spec" }
 miette.workspace = true
 guppy-workspace-hack.workspace = true
 
diff --git a/target-spec/Cargo.toml b/target-spec/Cargo.toml
index 98a618f02c7..456fe971212 100644
--- a/target-spec/Cargo.toml
+++ b/target-spec/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "target-spec"
-version = "3.2.0"
+version = "3.2.1"
 description = "Evaluate Cargo.toml target specifications"
 documentation = "https://docs.rs/target-spec"
 repository = "https://github.com/guppy-rs/guppy"
diff --git a/tools/hakari/Cargo.toml b/tools/hakari/Cargo.toml
index 7e626ba0599..ea998670d55 100644
--- a/tools/hakari/Cargo.toml
+++ b/tools/hakari/Cargo.toml
@@ -40,7 +40,7 @@ proptest-derive = { version = "0.4.0", optional = true }
 rayon = "1.10.0"
 serde = { version = "1.0.204", features = ["derive"], optional = true }
 tabular = { version = "0.2.0", features = ["ansi-cell"], optional = true }
-target-spec = { version = "3.2.0", path = "../../target-spec" }
+target-spec = { version = "3.2.1", path = "../../target-spec" }
 toml = { version = "0.5.11", optional = true }
 toml_edit = "0.17.1"
 twox-hash = { version = "1.6.3", default-features = false }