diff --git a/Cargo.toml b/Cargo.toml
index 216ee8c3601f..0a9e61f66225 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -22,7 +22,7 @@ name = "wasm2obj"
 path = "src/wasm2obj.rs"
 
 [dependencies]
-cranelift-codegen = { version = "0.37.0", features = ["enable-serde"] }
+cranelift-codegen = { version = "0.38.0", features = ["enable-serde"] }
 cranelift-native = "0.37.0"
 wasmtime-debug = { path = "wasmtime-debug" }
 wasmtime-environ = { path = "wasmtime-environ" }
diff --git a/wasmtime-debug/Cargo.toml b/wasmtime-debug/Cargo.toml
index 4e7bab0248b7..0541a02bcc0b 100644
--- a/wasmtime-debug/Cargo.toml
+++ b/wasmtime-debug/Cargo.toml
@@ -14,7 +14,7 @@ edition = "2018"
 [dependencies]
 gimli = "0.19.0"
 wasmparser = { version = "0.35.1" }
-cranelift-codegen = { version = "0.37.0", features = ["enable-serde"] }
+cranelift-codegen = { version = "0.38.0", features = ["enable-serde"] }
 cranelift-entity = { version = "0.37.0", features = ["enable-serde"] }
 cranelift-wasm = { version = "0.37.0", features = ["enable-serde"] }
 faerie = "0.10.1"
diff --git a/wasmtime-environ/Cargo.toml b/wasmtime-environ/Cargo.toml
index 14c6a52360c4..0bca6c5ec119 100644
--- a/wasmtime-environ/Cargo.toml
+++ b/wasmtime-environ/Cargo.toml
@@ -12,7 +12,7 @@ readme = "README.md"
 edition = "2018"
 
 [dependencies]
-cranelift-codegen = { version = "0.37.0", features = ["enable-serde"] }
+cranelift-codegen = { version = "0.38.0", features = ["enable-serde"] }
 cranelift-entity = { version = "0.37.0", features = ["enable-serde"] }
 cranelift-wasm = { version = "0.37.0", features = ["enable-serde"] }
 lightbeam = { path = "../lightbeam", optional = true }
diff --git a/wasmtime-jit/Cargo.toml b/wasmtime-jit/Cargo.toml
index 8a9901de3ae0..c629dbfd0805 100644
--- a/wasmtime-jit/Cargo.toml
+++ b/wasmtime-jit/Cargo.toml
@@ -12,7 +12,7 @@ readme = "README.md"
 edition = "2018"
 
 [dependencies]
-cranelift-codegen = { version = "0.37.0", features = ["enable-serde"] }
+cranelift-codegen = { version = "0.38.0", features = ["enable-serde"] }
 cranelift-entity = { version = "0.37.0", features = ["enable-serde"] }
 cranelift-wasm = { version = "0.37.0", features = ["enable-serde"] }
 cranelift-frontend = "0.37.0"
diff --git a/wasmtime-obj/Cargo.toml b/wasmtime-obj/Cargo.toml
index e89ed179cf28..95f90c9a96df 100644
--- a/wasmtime-obj/Cargo.toml
+++ b/wasmtime-obj/Cargo.toml
@@ -12,7 +12,7 @@ readme = "README.md"
 edition = "2018"
 
 [dependencies]
-cranelift-codegen = { version = "0.37.0", features = ["enable-serde"] }
+cranelift-codegen = { version = "0.38.0", features = ["enable-serde"] }
 cranelift-entity = { version = "0.37.0", features = ["enable-serde"] }
 cranelift-wasm = { version = "0.37.0", features = ["enable-serde"] }
 wasmtime-environ = { path = "../wasmtime-environ" }
diff --git a/wasmtime-runtime/Cargo.toml b/wasmtime-runtime/Cargo.toml
index fc4b0e07571c..58262bced4d4 100644
--- a/wasmtime-runtime/Cargo.toml
+++ b/wasmtime-runtime/Cargo.toml
@@ -12,7 +12,7 @@ readme = "README.md"
 edition = "2018"
 
 [dependencies]
-cranelift-codegen = { version = "0.37.0", features = ["enable-serde"] }
+cranelift-codegen = { version = "0.38.0", features = ["enable-serde"] }
 cranelift-entity = { version = "0.37.0", features = ["enable-serde"] }
 cranelift-wasm = { version = "0.37.0", features = ["enable-serde"] }
 wasmtime-environ = { path = "../wasmtime-environ", default-features = false }
diff --git a/wasmtime-wasi-c/Cargo.toml b/wasmtime-wasi-c/Cargo.toml
index 850e9914cd19..c303f08fffbd 100644
--- a/wasmtime-wasi-c/Cargo.toml
+++ b/wasmtime-wasi-c/Cargo.toml
@@ -13,7 +13,7 @@ readme = "README.md"
 wasmtime-runtime = { path = "../wasmtime-runtime" }
 wasmtime-environ = { path = "../wasmtime-environ" }
 wasmtime-jit = { path = "../wasmtime-jit" }
-cranelift-codegen = { version = "0.37.0", features = ["enable-serde"] }
+cranelift-codegen = { version = "0.38.0", features = ["enable-serde"] }
 cranelift-entity = { version = "0.37.0", features = ["enable-serde"] }
 cranelift-wasm = { version = "0.37.0", features = ["enable-serde"] }
 target-lexicon = "0.4.0"
diff --git a/wasmtime-wasi/Cargo.toml b/wasmtime-wasi/Cargo.toml
index bff598bec963..00efb96f7348 100644
--- a/wasmtime-wasi/Cargo.toml
+++ b/wasmtime-wasi/Cargo.toml
@@ -14,7 +14,7 @@ wasmtime-runtime = { path = "../wasmtime-runtime" }
 wasmtime-environ = { path = "../wasmtime-environ" }
 wasmtime-jit = { path = "../wasmtime-jit" }
 wasi-common = { git = "https://github.com/CraneStation/wasi-common", rev = "c3994bf57b5d2f1f973b0e4e37bc385695aa4ed2"}
-cranelift-codegen = { version = "0.37.0", features = ["enable-serde"] }
+cranelift-codegen = { version = "0.38.0", features = ["enable-serde"] }
 cranelift-entity = { version = "0.37.0", features = ["enable-serde"] }
 cranelift-wasm = { version = "0.37.0", features = ["enable-serde"] }
 target-lexicon = "0.4.0"
diff --git a/wasmtime-wast/Cargo.toml b/wasmtime-wast/Cargo.toml
index 2ea7fd0aacf4..dfa8e0b480bb 100644
--- a/wasmtime-wast/Cargo.toml
+++ b/wasmtime-wast/Cargo.toml
@@ -12,7 +12,7 @@ readme = "README.md"
 edition = "2018"
 
 [dependencies]
-cranelift-codegen = { version = "0.37.0", features = ["enable-serde"] }
+cranelift-codegen = { version = "0.38.0", features = ["enable-serde"] }
 cranelift-wasm = { version = "0.37.0", features = ["enable-serde"] }
 cranelift-entity = { version = "0.37.0", features = ["enable-serde"] }
 wasmtime-jit = { path = "../wasmtime-jit" }