diff --git a/cli/azd/CHANGELOG.md b/cli/azd/CHANGELOG.md
index 5e0f7a53fdd..b5185ef178c 100644
--- a/cli/azd/CHANGELOG.md
+++ b/cli/azd/CHANGELOG.md
@@ -10,6 +10,18 @@
 
 ### Other Changes
 
+## 1.23.2 (2026-01-26)
+
+### Bugs Fixed
+
+- [[#6610]](https://github.com/Azure/azure-dev/pull/6610) Fix Bicep CLI uninitialized path causing container app deployments to fail.
+- [[#6604]](https://github.com/Azure/azure-dev/pull/6604) Fix extension commands failing after update notification is displayed.
+- [[#6604]](https://github.com/Azure/azure-dev/pull/6604) Fix extension update notification cooldown being recorded even when warning is not shown.
+
+### Other Changes
+
+- [[#6604]](https://github.com/Azure/azure-dev/pull/6604) Improve `azd ext list` output to better indicate when extension updates are available.
+
 ## 1.23.1 (2026-01-23)
 
 ### Features Added
diff --git a/cli/version.txt b/cli/version.txt
index 33fd5bab588..14bee92c9e7 100644
--- a/cli/version.txt
+++ b/cli/version.txt
@@ -1 +1 @@
-1.24.0-beta.1
+1.23.2