diff --git a/optimum/intel/version.py b/optimum/intel/version.py
index b1ffc039f8..6d8dfd25fd 100644
--- a/optimum/intel/version.py
+++ b/optimum/intel/version.py
@@ -12,4 +12,4 @@
 #  See the License for the specific language governing permissions and
 #  limitations under the License.
 
-__version__ = "1.9.3"
+__version__ = "1.9.4"