diff --git a/CHANGELOG.md b/CHANGELOG.md
index 47ce418a08..5637f70b02 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,10 @@ See the [releases page](https://github.com/github/codeql-action/releases) for th
 
 ## [UNRELEASED]
 
+No user facing changes.
+
+## 4.38.0 - 09 Sept 2026
+
 - On GitHub-hosted runners, the CodeQL Action now deletes unused CodeQL bundles from the toolcache before downloading a different bundle, which frees up disk space for the analysis. We expect to roll this change out to everyone in September. [#4124](https://github.com/github/codeql-action/pull/4124)
 - The CodeQL Action now supports CodeQL releases that are compatible with Linux Arm64 and downloads the native `linux-arm64` CodeQL bundle when available. [#4072](https://github.com/github/codeql-action/pull/4072)
 - Update default CodeQL bundle version to [2.27.0](https://github.com/github/codeql-action/releases/tag/codeql-bundle-v2.27.0). [#4129](https://github.com/github/codeql-action/pull/4129)
diff --git a/lib/entry-points.js b/lib/entry-points.js
index c87e743b40..c4204cc027 100644
--- a/lib/entry-points.js
+++ b/lib/entry-points.js
@@ -146177,7 +146177,7 @@ function getDiffRangesJsonFilePath(env = getEnv()) {
   return path2.join(getTemporaryDirectory(env), PR_DIFF_RANGE_JSON_FILENAME);
 }
 function getActionVersion() {
-  return "4.38.0";
+  return "4.38.1";
 }
 function getWorkflowEventName(env = getEnv()) {
   return env.getRequired("GITHUB_EVENT_NAME" /* GITHUB_EVENT_NAME */);
diff --git a/package-lock.json b/package-lock.json
index 168f4111b9..20f85f1738 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "codeql",
-  "version": "4.38.0",
+  "version": "4.38.1",
   "lockfileVersion": 3,
   "requires": true,
   "packages": {
     "": {
       "name": "codeql",
-      "version": "4.38.0",
+      "version": "4.38.1",
       "license": "MIT",
       "workspaces": [
         "pr-checks",
diff --git a/package.json b/package.json
index fb09a0ca31..6a2ddbe6bb 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "codeql",
-  "version": "4.38.0",
+  "version": "4.38.1",
   "private": true,
   "description": "CodeQL action",
   "scripts": {