diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5522397c1..2d783b6f9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -3,6 +3,15 @@
 - Diagnostics related feature requests and improvements [#5951](/~https://github.com/dotnet/vscode-csharp/issues/5951)
 - Debug from .csproj and .sln [#5876](/~https://github.com/dotnet/vscode-csharp/issues/5876)
 
+# Latest
+* Bump Roslyn to 4.12.0-2.24401.2 (PR: [#7413](/~https://github.com/dotnet/vscode-csharp/pull/7413))
+  * Reduce allocations in SyntaxEquivalence.AreEquivalent by using a more appropriate pooling mechanism for the stack it uses to walk trees. (PR: [#74610](/~https://github.com/dotnet/roslyn/pull/74610))
+  * Reduce allocations in SyntaxNodeExtensions.GetMembers to instead execute a given lambda over the collection. (PR: [#74628](/~https://github.com/dotnet/roslyn/pull/74628))
+  * Modify ISyntaxFacts methods to allocate less (PR: [#74596](/~https://github.com/dotnet/roslyn/pull/74596))
+  * Fix cases where unused private members were not grayed out (PR: [#74589](/~https://github.com/dotnet/roslyn/pull/74589))
+  * Fix URI handling when comparing encoded and unencoded URIs (PR: [#74544](/~https://github.com/dotnet/roslyn/pull/74544))
+* Bump xamltools to 17.12.35131.21 (PR: [#7409](/~https://github.com/dotnet/vscode-csharp/pull/7409))
+
 # 2.41.x
 * Bump Roslyn to 4.12.0-1.24376.3 (PR: [#7393](/~https://github.com/dotnet/vscode-csharp/pull/7393))
   * Fix race condition in LSP FindAllReferences when linked files were involved.(PR: [#74566](/~https://github.com/dotnet/roslyn/pull/74566))
diff --git a/package.json b/package.json
index f2e5ce3cd..2aa0d15d4 100644
--- a/package.json
+++ b/package.json
@@ -37,11 +37,11 @@
     }
   },
   "defaults": {
-    "roslyn": "4.12.0-1.24376.3",
+    "roslyn": "4.12.0-2.24401.2",
     "omniSharp": "1.39.11",
     "razor": "9.0.0-preview.24366.2",
     "razorOmnisharp": "7.0.0-preview.23363.1",
-    "xamlTools": "17.12.35126.17"
+    "xamlTools": "17.12.35131.21"
   },
   "main": "./dist/extension",
   "l10n": "./l10n",
diff --git a/version.json b/version.json
index 087c91fcd..8fcdcb14f 100644
--- a/version.json
+++ b/version.json
@@ -1,6 +1,6 @@
 {
     "$schema": "https://raw.githubusercontent.com/dotnet/Nerdbank.GitVersioning/master/src/NerdBank.GitVersioning/version.schema.json",
-    "version": "2.41",
+    "version": "2.42",
     "publicReleaseRefSpec": [
         "^refs/heads/release$",
         "^refs/heads/prerelease$",