diff --git a/Cargo.lock b/Cargo.lock
index da09cc4..ae22b44 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1717,9 +1717,9 @@ dependencies = [
 
 [[package]]
 name = "rayon"
-version = "1.11.0"
+version = "1.12.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "368f01d005bf8fd9b1206fb6fa653e6c4a81ceb1466406b81792d87c5677a58f"
+checksum = "fb39b166781f92d482534ef4b4b1b2568f42613b53e5b6c160e24cfbfa30926d"
 dependencies = [
  "either",
  "rayon-core",
diff --git a/crates/protocol-squisher-distributed/Cargo.toml b/crates/protocol-squisher-distributed/Cargo.toml
index 59415e1..e79d64a 100644
--- a/crates/protocol-squisher-distributed/Cargo.toml
+++ b/crates/protocol-squisher-distributed/Cargo.toml
@@ -16,6 +16,6 @@ categories = ["development-tools", "encoding"]
 [dependencies]
 protocol-squisher-compat = { path = "../protocol-squisher-compat" }
 protocol-squisher-ir = { path = "../protocol-squisher-ir" }
-rayon = "1.10"
+rayon = "1.12"
 serde = { version = "1.0", features = ["derive"] }
 serde_json = "1.0"
diff --git a/crates/protocol-squisher-performance/Cargo.toml b/crates/protocol-squisher-performance/Cargo.toml
index 702b8bc..ed7692c 100644
--- a/crates/protocol-squisher-performance/Cargo.toml
+++ b/crates/protocol-squisher-performance/Cargo.toml
@@ -17,6 +17,6 @@ categories = ["development-tools", "encoding"]
 bytemuck = { version = "1.22", features = ["derive"] }
 once_cell = "1.21"
 protocol-squisher-ir = { path = "../protocol-squisher-ir" }
-rayon = "1.10"
+rayon = "1.12"
 serde = { version = "1.0", features = ["derive"] }
 serde_json = "1.0"