diff --git a/BRANCHES.md b/BRANCHES.md
index b9926ac9df..a63f070341 100644
--- a/BRANCHES.md
+++ b/BRANCHES.md
@@ -6,7 +6,7 @@ At any point in time, we have a number of maintained branches consisting of:
   this always contains the latest release, including all publicly available
   security fixes.
 - The [`development`](https://github.com/ARMmbed/mbedtls/tree/development) branch:
-  this is where the next major version of Mbed TLS (version 3.0) is being
+  this is where the current major version of Mbed TLS (version 3.x) is being
   prepared. It has API changes that make it incompatible with Mbed TLS 2.x,
   as well as all the new features and bug fixes and security fixes.
 - The [`development_2.x`](https://github.com/ARMmbed/mbedtls/tree/development_2.x) branch:
diff --git a/CMakeLists.txt b/CMakeLists.txt
index b92e0bb014..cf74af53c4 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -312,7 +312,7 @@ configure_package_config_file(
 write_basic_package_version_file(
     "cmake/MbedTLSConfigVersion.cmake"
         COMPATIBILITY SameMajorVersion
-        VERSION 2.26.0)
+        VERSION 3.0.0)
 
 install(
     FILES "${CMAKE_CURRENT_BINARY_DIR}/cmake/MbedTLSConfig.cmake"
diff --git a/include/mbedtls/build_info.h b/include/mbedtls/build_info.h
index c7d4cdb6c5..23f85ba01e 100644
--- a/include/mbedtls/build_info.h
+++ b/include/mbedtls/build_info.h
@@ -36,8 +36,8 @@
  * The version number x.y.z is split into three parts.
  * Major, Minor, Patchlevel
  */
-#define MBEDTLS_VERSION_MAJOR  2
-#define MBEDTLS_VERSION_MINOR  26
+#define MBEDTLS_VERSION_MAJOR  3
+#define MBEDTLS_VERSION_MINOR  0
 #define MBEDTLS_VERSION_PATCH  0
 
 /**
@@ -45,9 +45,9 @@
  *    MMNNPP00
  *    Major version | Minor version | Patch version
  */
-#define MBEDTLS_VERSION_NUMBER         0x021A0000
-#define MBEDTLS_VERSION_STRING         "2.26.0"
-#define MBEDTLS_VERSION_STRING_FULL    "mbed TLS 2.26.0"
+#define MBEDTLS_VERSION_NUMBER         0x03000000
+#define MBEDTLS_VERSION_STRING         "3.0.0"
+#define MBEDTLS_VERSION_STRING_FULL    "mbed TLS 3.0.0"
 
 #if defined(_MSC_VER) && !defined(_CRT_SECURE_NO_DEPRECATE)
 #define _CRT_SECURE_NO_DEPRECATE 1