diff --git a/React.podspec b/React.podspec
index ded99849602acc..a65c41a195fe27 100644
--- a/React.podspec
+++ b/React.podspec
@@ -4,7 +4,7 @@ package = JSON.parse(File.read(File.join(__dir__, 'package.json')))
 
 Pod::Spec.new do |s|
   s.name                = "React"
-  s.version             = "0.40.0-rc.1"
+  s.version             = "0.40.0-rc.2"
   s.summary             = package['description']
   s.description         = <<-DESC
                             React Native apps are built using the React JS
diff --git a/ReactAndroid/gradle.properties b/ReactAndroid/gradle.properties
index 4db690ae2d2002..232830ce09e639 100644
--- a/ReactAndroid/gradle.properties
+++ b/ReactAndroid/gradle.properties
@@ -1,4 +1,4 @@
-VERSION_NAME=0.40.0-rc.1
+VERSION_NAME=0.40.0-rc.2
 GROUP=com.facebook.react
 
 POM_NAME=ReactNative
diff --git a/package.json b/package.json
index b098f2d19813c8..6c3cfc1faa9c1e 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native",
-  "version": "0.40.0-rc.1",
+  "version": "0.40.0-rc.2",
   "description": "A framework for building native apps using React",
   "license": "BSD-3-Clause",
   "repository": {