diff --git a/sources b/sources
index 8c21d0b..d73c1bb 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (systemd-246.2.tar.gz) = 17797523ee11a572cca85da6966e0efec1a83b0c67f7ef9b9f4224c476ec3c4076e640c8ec9e8d19d715968b1d89d2282f281c146b891640c0f8d22d5cf3b99c
+SHA512 (systemd-246.3.tar.gz) = 39d9f9cdc97f83efb247205b0bee4135676efc6310acaf2620f3daf404fa45666e6030054ac2d6dc860d727da6a474c488d70885b4fdcef8a3202a2615446246
diff --git a/systemd.spec b/systemd.spec
index 79d08cc..f543f04 100644
--- a/systemd.spec
+++ b/systemd.spec
@@ -19,7 +19,7 @@
 
 Name:           systemd
 Url:            https://www.freedesktop.org/wiki/Software/systemd
-Version:        246.2
+Version:        246.3
 Release:        1%{?dist}
 # For a breakdown of the licensing, see README
 License:        LGPLv2+ and MIT and GPLv2+
@@ -792,6 +792,11 @@ fi
 %files tests -f .file-list-tests
 
 %changelog
+* Wed Aug 26 2020 Zbigniew Jędrzejewski-Szmek <zbyszek@in.waw.pl> - 246.3-1
+- Update to bugfix version (some networkd fixes, minor documentation
+  fixes, relax handling of various error conditions, other fixlets for
+  bugs without bugzilla numbers).
+
 * Mon Aug 17 2020 Zbigniew Jędrzejewski-Szmek <zbyszek@in.waw.pl> - 246.2-1
 - A few minor bugfixes
 - Adjust seccomp filter for kernel 5.8 and glibc 2.32 (#1869030)