diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index b855c6f7b6d..56c1b3844d1 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-	".": "2.45.0"
+	".": "2.46.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index c216c1edcca..af5a9510293 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [2.46.0](https://github.com/microsoftgraph/msgraph-sdk-php/compare/v2.45.0...v2.46.0) (2025-08-20)
+
+
+### Features
+
+* **generation:** update request builders and models ([1ea0608](https://github.com/microsoftgraph/msgraph-sdk-php/commit/1ea060848ee5b3572138ff67925dee2ebd46036c))
+
 ## [2.45.0](https://github.com/microsoftgraph/msgraph-sdk-php/compare/v2.44.0...v2.45.0) (2025-08-12)
 
 
diff --git a/README.md b/README.md
index d45172737e8..a24b0a23c14 100644
--- a/README.md
+++ b/README.md
@@ -11,7 +11,7 @@ You can install the PHP SDK with Composer by editing your `composer.json` file:
 {
     "require": {
         // x-release-please-start-version
-        "microsoft/microsoft-graph": "^2.45.0"
+        "microsoft/microsoft-graph": "^2.46.0"
         // x-release-please-end
     }
 }
diff --git a/src/GraphConstants.php b/src/GraphConstants.php
index 381142dcd54..430f9394d72 100644
--- a/src/GraphConstants.php
+++ b/src/GraphConstants.php
@@ -20,6 +20,6 @@ final class GraphConstants
 {
     const API_VERSION = "v1.0";
     // x-release-please-start-version
-    const SDK_VERSION = "2.45.0";
+    const SDK_VERSION = "2.46.0";
     // x-release-please-end
 }