diff --git a/sdk/storage/Azure.Storage.Files.Shares/api/Azure.Storage.Files.Shares.net6.0.cs b/sdk/storage/Azure.Storage.Files.Shares/api/Azure.Storage.Files.Shares.net6.0.cs
index 88fbd1326e018..fc2404a47f0af 100644
--- a/sdk/storage/Azure.Storage.Files.Shares/api/Azure.Storage.Files.Shares.net6.0.cs
+++ b/sdk/storage/Azure.Storage.Files.Shares/api/Azure.Storage.Files.Shares.net6.0.cs
@@ -563,6 +563,7 @@ public ShareAccessPolicy() { }
         public ShareAccessTier(string value) { throw null; }
         public static Azure.Storage.Files.Shares.Models.ShareAccessTier Cool { get { throw null; } }
         public static Azure.Storage.Files.Shares.Models.ShareAccessTier Hot { get { throw null; } }
+        public static Azure.Storage.Files.Shares.Models.ShareAccessTier Premium { get { throw null; } }
         public static Azure.Storage.Files.Shares.Models.ShareAccessTier TransactionOptimized { get { throw null; } }
         public bool Equals(Azure.Storage.Files.Shares.Models.ShareAccessTier other) { throw null; }
         [System.ComponentModel.EditorBrowsableAttribute(System.ComponentModel.EditorBrowsableState.Never)]
diff --git a/sdk/storage/Azure.Storage.Files.Shares/api/Azure.Storage.Files.Shares.netstandard2.0.cs b/sdk/storage/Azure.Storage.Files.Shares/api/Azure.Storage.Files.Shares.netstandard2.0.cs
index 88fbd1326e018..fc2404a47f0af 100644
--- a/sdk/storage/Azure.Storage.Files.Shares/api/Azure.Storage.Files.Shares.netstandard2.0.cs
+++ b/sdk/storage/Azure.Storage.Files.Shares/api/Azure.Storage.Files.Shares.netstandard2.0.cs
@@ -563,6 +563,7 @@ public ShareAccessPolicy() { }
         public ShareAccessTier(string value) { throw null; }
         public static Azure.Storage.Files.Shares.Models.ShareAccessTier Cool { get { throw null; } }
         public static Azure.Storage.Files.Shares.Models.ShareAccessTier Hot { get { throw null; } }
+        public static Azure.Storage.Files.Shares.Models.ShareAccessTier Premium { get { throw null; } }
         public static Azure.Storage.Files.Shares.Models.ShareAccessTier TransactionOptimized { get { throw null; } }
         public bool Equals(Azure.Storage.Files.Shares.Models.ShareAccessTier other) { throw null; }
         [System.ComponentModel.EditorBrowsableAttribute(System.ComponentModel.EditorBrowsableState.Never)]
diff --git a/sdk/storage/Azure.Storage.Files.Shares/assets.json b/sdk/storage/Azure.Storage.Files.Shares/assets.json
index 9ca749681b79e..5b5f810958b23 100644
--- a/sdk/storage/Azure.Storage.Files.Shares/assets.json
+++ b/sdk/storage/Azure.Storage.Files.Shares/assets.json
@@ -2,5 +2,5 @@
   "AssetsRepo": "Azure/azure-sdk-assets",
   "AssetsRepoPrefixPath": "net",
   "TagPrefix": "net/storage/Azure.Storage.Files.Shares",
-  "Tag": "net/storage/Azure.Storage.Files.Shares_14e0fa0c22"
+  "Tag": "net/storage/Azure.Storage.Files.Shares_95c2a36dbc"
 }
diff --git a/sdk/storage/Azure.Storage.Files.Shares/src/Generated/DirectoryRestClient.cs b/sdk/storage/Azure.Storage.Files.Shares/src/Generated/DirectoryRestClient.cs
index 961c6ff47ce59..8a2edb8b99134 100644
--- a/sdk/storage/Azure.Storage.Files.Shares/src/Generated/DirectoryRestClient.cs
+++ b/sdk/storage/Azure.Storage.Files.Shares/src/Generated/DirectoryRestClient.cs
@@ -33,7 +33,7 @@ internal partial class DirectoryRestClient
         /// <param name="clientDiagnostics"> The handler for diagnostic messaging in the client. </param>
         /// <param name="pipeline"> The HTTP pipeline for sending and receiving REST requests and responses. </param>
         /// <param name="url"> The URL of the service account, share, directory or file that is the target of the desired operation. </param>
-        /// <param name="version"> Specifies the version of the operation to use for this request. The default value is "2024-11-04". </param>
+        /// <param name="version"> Specifies the version of the operation to use for this request. The default value is "2025-01-05". </param>
         /// <param name="allowTrailingDot"> If true, the trailing dot will not be trimmed from the target URI. </param>
         /// <param name="fileRequestIntent"> Valid value is backup. </param>
         /// <param name="allowSourceTrailingDot"> If true, the trailing dot will not be trimmed from the source URI. </param>
diff --git a/sdk/storage/Azure.Storage.Files.Shares/src/Generated/FileRestClient.cs b/sdk/storage/Azure.Storage.Files.Shares/src/Generated/FileRestClient.cs
index d4b584e6660ee..231f5a494c94e 100644
--- a/sdk/storage/Azure.Storage.Files.Shares/src/Generated/FileRestClient.cs
+++ b/sdk/storage/Azure.Storage.Files.Shares/src/Generated/FileRestClient.cs
@@ -34,7 +34,7 @@ internal partial class FileRestClient
         /// <param name="clientDiagnostics"> The handler for diagnostic messaging in the client. </param>
         /// <param name="pipeline"> The HTTP pipeline for sending and receiving REST requests and responses. </param>
         /// <param name="url"> The URL of the service account, share, directory or file that is the target of the desired operation. </param>
-        /// <param name="version"> Specifies the version of the operation to use for this request. The default value is "2024-11-04". </param>
+        /// <param name="version"> Specifies the version of the operation to use for this request. The default value is "2025-01-05". </param>
         /// <param name="fileRangeWriteFromUrl"> Only update is supported: - Update: Writes the bytes downloaded from the source url into the specified range. The default value is "update". </param>
         /// <param name="allowTrailingDot"> If true, the trailing dot will not be trimmed from the target URI. </param>
         /// <param name="fileRequestIntent"> Valid value is backup. </param>
diff --git a/sdk/storage/Azure.Storage.Files.Shares/src/Generated/Models/ShareAccessTier.cs b/sdk/storage/Azure.Storage.Files.Shares/src/Generated/Models/ShareAccessTier.cs
index ae732b82353e7..4881d694a6146 100644
--- a/sdk/storage/Azure.Storage.Files.Shares/src/Generated/Models/ShareAccessTier.cs
+++ b/sdk/storage/Azure.Storage.Files.Shares/src/Generated/Models/ShareAccessTier.cs
@@ -25,6 +25,7 @@ public ShareAccessTier(string value)
         private const string TransactionOptimizedValue = "TransactionOptimized";
         private const string HotValue = "Hot";
         private const string CoolValue = "Cool";
+        private const string PremiumValue = "Premium";
 
         /// <summary> TransactionOptimized. </summary>
         public static ShareAccessTier TransactionOptimized { get; } = new ShareAccessTier(TransactionOptimizedValue);
@@ -32,6 +33,8 @@ public ShareAccessTier(string value)
         public static ShareAccessTier Hot { get; } = new ShareAccessTier(HotValue);
         /// <summary> Cool. </summary>
         public static ShareAccessTier Cool { get; } = new ShareAccessTier(CoolValue);
+        /// <summary> Premium. </summary>
+        public static ShareAccessTier Premium { get; } = new ShareAccessTier(PremiumValue);
         /// <summary> Determines if two <see cref="ShareAccessTier"/> values are the same. </summary>
         public static bool operator ==(ShareAccessTier left, ShareAccessTier right) => left.Equals(right);
         /// <summary> Determines if two <see cref="ShareAccessTier"/> values are not the same. </summary>
diff --git a/sdk/storage/Azure.Storage.Files.Shares/src/Generated/ServiceRestClient.cs b/sdk/storage/Azure.Storage.Files.Shares/src/Generated/ServiceRestClient.cs
index ef4c21b9a33c7..fe5ea495a7a15 100644
--- a/sdk/storage/Azure.Storage.Files.Shares/src/Generated/ServiceRestClient.cs
+++ b/sdk/storage/Azure.Storage.Files.Shares/src/Generated/ServiceRestClient.cs
@@ -31,7 +31,7 @@ internal partial class ServiceRestClient
         /// <param name="clientDiagnostics"> The handler for diagnostic messaging in the client. </param>
         /// <param name="pipeline"> The HTTP pipeline for sending and receiving REST requests and responses. </param>
         /// <param name="url"> The URL of the service account, share, directory or file that is the target of the desired operation. </param>
-        /// <param name="version"> Specifies the version of the operation to use for this request. The default value is "2024-11-04". </param>
+        /// <param name="version"> Specifies the version of the operation to use for this request. The default value is "2025-01-05". </param>
         /// <param name="fileRequestIntent"> Valid value is backup. </param>
         /// <exception cref="ArgumentNullException"> <paramref name="clientDiagnostics"/>, <paramref name="pipeline"/>, <paramref name="url"/> or <paramref name="version"/> is null. </exception>
         public ServiceRestClient(ClientDiagnostics clientDiagnostics, HttpPipeline pipeline, string url, string version, ShareTokenIntent? fileRequestIntent = null)
diff --git a/sdk/storage/Azure.Storage.Files.Shares/src/Generated/ShareRestClient.cs b/sdk/storage/Azure.Storage.Files.Shares/src/Generated/ShareRestClient.cs
index 599aacf2c6287..3012d3d8735b1 100644
--- a/sdk/storage/Azure.Storage.Files.Shares/src/Generated/ShareRestClient.cs
+++ b/sdk/storage/Azure.Storage.Files.Shares/src/Generated/ShareRestClient.cs
@@ -32,7 +32,7 @@ internal partial class ShareRestClient
         /// <param name="clientDiagnostics"> The handler for diagnostic messaging in the client. </param>
         /// <param name="pipeline"> The HTTP pipeline for sending and receiving REST requests and responses. </param>
         /// <param name="url"> The URL of the service account, share, directory or file that is the target of the desired operation. </param>
-        /// <param name="version"> Specifies the version of the operation to use for this request. The default value is "2024-11-04". </param>
+        /// <param name="version"> Specifies the version of the operation to use for this request. The default value is "2025-01-05". </param>
         /// <param name="fileRequestIntent"> Valid value is backup. </param>
         /// <exception cref="ArgumentNullException"> <paramref name="clientDiagnostics"/>, <paramref name="pipeline"/>, <paramref name="url"/> or <paramref name="version"/> is null. </exception>
         public ShareRestClient(ClientDiagnostics clientDiagnostics, HttpPipeline pipeline, string url, string version, ShareTokenIntent? fileRequestIntent = null)
diff --git a/sdk/storage/Azure.Storage.Files.Shares/src/autorest.md b/sdk/storage/Azure.Storage.Files.Shares/src/autorest.md
index 43022bc56d1c1..facaa61c21784 100644
--- a/sdk/storage/Azure.Storage.Files.Shares/src/autorest.md
+++ b/sdk/storage/Azure.Storage.Files.Shares/src/autorest.md
@@ -4,7 +4,7 @@ Run `dotnet build /t:GenerateCode` to generate code.
 
 ``` yaml
 input-file:
-    - https://raw.githubusercontent.com/Azure/azure-rest-api-specs/98b600498947073c18c2ac5eb7c3c658db5a1a59/specification/storage/data-plane/Microsoft.FileStorage/stable/2024-11-04/file.json
+    - https://raw.githubusercontent.com/Azure/azure-rest-api-specs/718996a0c4435626d2f55d4ab6e65da5ac48916c/specification/storage/data-plane/Microsoft.FileStorage/stable/2025-01-05/file.json
 generation1-convenience-client: true
 # https://github.com/Azure/autorest/issues/4075
 skip-semantics-validation: true
diff --git a/sdk/storage/Azure.Storage.Files.Shares/tests/ShareClientTests.cs b/sdk/storage/Azure.Storage.Files.Shares/tests/ShareClientTests.cs
index 0640fc504c39e..36c7a115d8ecc 100644
--- a/sdk/storage/Azure.Storage.Files.Shares/tests/ShareClientTests.cs
+++ b/sdk/storage/Azure.Storage.Files.Shares/tests/ShareClientTests.cs
@@ -364,6 +364,30 @@ public async Task CreateAsync_AccessTier()
             await share.DeleteAsync();
         }
 
+        [RecordedTest]
+        [ServiceVersion(Min = ShareClientOptions.ServiceVersion.V2019_12_12)]
+        public async Task CreateAsync_AccessTier_Premium()
+        {
+            // Arrange
+            var shareName = GetNewShareName();
+            ShareServiceClient service = SharesClientBuilder.GetServiceClient_PremiumFile();
+            ShareClient share = InstrumentClient(service.GetShareClient(shareName));
+            ShareCreateOptions options = new ShareCreateOptions
+            {
+                AccessTier = ShareAccessTier.Premium
+            };
+
+            // Act
+            await share.CreateAsync(options);
+
+            // Assert
+            Response<ShareProperties> propertiesResponse = await share.GetPropertiesAsync();
+            Assert.AreEqual(ShareAccessTier.Premium.ToString(), propertiesResponse.Value.AccessTier);
+
+            // Cleanup
+            await share.DeleteAsync();
+        }
+
         [RecordedTest]
         public async Task CreateAsync_Error()
         {
@@ -1774,6 +1798,27 @@ public async Task SetPropertiesAsync_AccessTier()
             Assert.IsNotNull(response.Value.AccessTierChangeTime);
         }
 
+        [RecordedTest]
+        [ServiceVersion(Min = ShareClientOptions.ServiceVersion.V2019_12_12)]
+        public async Task SetPropertiesAsync_AccessTier_Premium()
+        {
+            // Arrange
+            await using DisposingShare test = await GetTestShareAsync(SharesClientBuilder.GetServiceClient_PremiumFile());
+            ShareClient share = test.Share;
+
+            ShareSetPropertiesOptions options = new ShareSetPropertiesOptions
+            {
+                AccessTier = ShareAccessTier.Premium
+            };
+
+            // Act
+            await share.SetPropertiesAsync(options);
+
+            // Assert
+            Response<ShareProperties> response = await share.GetPropertiesAsync();
+            Assert.AreEqual(ShareAccessTier.Premium.ToString(), response.Value.AccessTier);
+        }
+
         [RecordedTest]
         [PlaybackOnly("https://github.com/Azure/azure-sdk-for-net/issues/17262")]
         [ServiceVersion(Min = ShareClientOptions.ServiceVersion.V2020_04_08)]