diff --git a/libs/libfmt/Makefile b/libs/libfmt/Makefile
index 68c93274cb..88c227dfb7 100644
--- a/libs/libfmt/Makefile
+++ b/libs/libfmt/Makefile
@@ -8,13 +8,13 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=libfmt
-PKG_VERSION:=6.2.1
+PKG_VERSION:=7.0.1
 PKG_RELEASE:=1
 
 PKG_SOURCE_NAME:=fmt
 PKG_SOURCE:=$(PKG_SOURCE_NAME)-$(PKG_VERSION).tar.gz
 PKG_SOURCE_URL:=https://codeload.github.com/fmtlib/$(PKG_SOURCE_NAME)/tar.gz/$(PKG_VERSION)?
-PKG_HASH:=5edf8b0f32135ad5fafb3064de26d063571e95e8ae46829c2f4f4b52696bbff0
+PKG_HASH:=ac335a4ca6beaebec4ddb2bc35b9ae960b576f3b64a410ff2c379780f0cd4948
 PKG_BUILD_DIR:=$(BUILD_DIR)/$(PKG_SOURCE_NAME)-$(PKG_VERSION)
 
 PKG_MAINTAINER:=Othmar Truniger <github@truniger.ch>