diff --git a/packages/v/verilator/package.yml b/packages/v/verilator/package.yml
index e2087a7c0a1a..a5e97f70ad73 100644
--- a/packages/v/verilator/package.yml
+++ b/packages/v/verilator/package.yml
@@ -1,8 +1,8 @@
 name       : verilator
-version    : '5.014'
-release    : 37
+version    : '5.016'
+release    : 38
 source     :
-    - https://github.com/verilator/verilator/archive/refs/tags/v5.014.tar.gz : 36e16c8a7c4b376f88d87411cea6ee68710e6d1382a13faf21f35d65b54df4a7
+    - https://github.com/verilator/verilator/archive/refs/tags/v5.016.tar.gz : 66fc36f65033e5ec904481dd3d0df56500e90c0bfca23b2ae21b4a8d39e05ef1
 license    :
     - LGPL-3.0-only
     - Artistic-2.0
diff --git a/packages/v/verilator/pspec_x86_64.xml b/packages/v/verilator/pspec_x86_64.xml
index 0dc1ec643a1e..ef2d281a9175 100644
--- a/packages/v/verilator/pspec_x86_64.xml
+++ b/packages/v/verilator/pspec_x86_64.xml
@@ -138,16 +138,16 @@
 </Description>
         <PartOf>programming.devel</PartOf>
         <RuntimeDependencies>
-            <Dependency release="37">verilator</Dependency>
+            <Dependency release="38">verilator</Dependency>
         </RuntimeDependencies>
         <Files>
             <Path fileType="data">/usr/share/pkgconfig/verilator.pc</Path>
         </Files>
     </Package>
     <History>
-        <Update release="37">
-            <Date>2023-08-08</Date>
-            <Version>5.014</Version>
+        <Update release="38">
+            <Date>2023-09-17</Date>
+            <Version>5.016</Version>
             <Comment>Packaging update</Comment>
             <Name>David Harder</Name>
             <Email>david@davidjharder.ca</Email>