diff --git a/linux/Config.in b/linux/Config.in
index bdf5fc5c3..0ad8bce74 100644
--- a/linux/Config.in
+++ b/linux/Config.in
@@ -21,7 +21,7 @@ choice
 	prompt "Kernel version"
 
 config BR2_LINUX_KERNEL_LATEST_VERSION
-	bool "3.16.2"
+	bool "3.16.3"
 
 config BR2_LINUX_KERNEL_SAME_AS_HEADERS
 	bool "Same as toolchain kernel headers"
@@ -104,7 +104,7 @@ config BR2_LINUX_KERNEL_CUSTOM_LOCAL_PATH
 
 config BR2_LINUX_KERNEL_VERSION
 	string
-	default "3.16.2" if BR2_LINUX_KERNEL_LATEST_VERSION
+	default "3.16.3" if BR2_LINUX_KERNEL_LATEST_VERSION
 	default BR2_DEFAULT_KERNEL_HEADERS if BR2_LINUX_KERNEL_SAME_AS_HEADERS
 	default BR2_LINUX_KERNEL_CUSTOM_VERSION_VALUE \
 		if BR2_LINUX_KERNEL_CUSTOM_VERSION