diff --git a/Makefile b/Makefile
index acacc0c4..90bbca1e 100644
--- a/Makefile
+++ b/Makefile
@@ -347,6 +347,7 @@ build/janet.pc: $(JANET_TARGET)
 	echo 'Libs.private: $(CLIBS)' >> $@
 
 install: $(JANET_TARGET) $(JANET_LIBRARY) $(JANET_STATIC_LIBRARY) build/janet.pc build/janet.h
+	$(eval JANET_VERSION := $(shell $(JANET_TARGET) -e '(print janet/version)'))
 	mkdir -p '$(DESTDIR)$(BINDIR)'
 	cp $(JANET_TARGET) '$(DESTDIR)$(BINDIR)/janet'
 	strip $(STRIPFLAGS) '$(DESTDIR)$(BINDIR)/janet'
@@ -356,13 +357,13 @@ install: $(JANET_TARGET) $(JANET_LIBRARY) $(JANET_STATIC_LIBRARY) build/janet.pc
 	mkdir -p '$(DESTDIR)$(JANET_PATH)'
 	mkdir -p '$(DESTDIR)$(LIBDIR)'
 	if test $(UNAME) = Darwin ; then \
-		cp $(JANET_LIBRARY) '$(DESTDIR)$(LIBDIR)/libjanet.$(shell $(JANET_TARGET) -e '(print janet/version)').dylib' ; \
+		cp $(JANET_LIBRARY) '$(DESTDIR)$(LIBDIR)/libjanet.$(JANET_VERSION).dylib' ; \
 		ln -sf $(SONAME) '$(DESTDIR)$(LIBDIR)/libjanet.dylib' ; \
-		ln -sf libjanet.$(shell $(JANET_TARGET) -e '(print janet/version)').dylib $(DESTDIR)$(LIBDIR)/$(SONAME) ; \
+		ln -sf libjanet.$(JANET_VERSION).dylib $(DESTDIR)$(LIBDIR)/$(SONAME) ; \
 	else \
-		cp $(JANET_LIBRARY) '$(DESTDIR)$(LIBDIR)/libjanet.so.$(shell $(JANET_TARGET) -e '(print janet/version)')' ; \
+		cp $(JANET_LIBRARY) '$(DESTDIR)$(LIBDIR)/libjanet.so.$(JANET_VERSION)' ; \
 		ln -sf $(SONAME) '$(DESTDIR)$(LIBDIR)/libjanet.so' ; \
-		ln -sf libjanet.so.$(shell $(JANET_TARGET) -e '(print janet/version)') $(DESTDIR)$(LIBDIR)/$(SONAME) ; \
+		ln -sf libjanet.so.$(JANET_VERSION) $(DESTDIR)$(LIBDIR)/$(SONAME) ; \
 	fi
 	cp $(JANET_STATIC_LIBRARY) '$(DESTDIR)$(LIBDIR)/libjanet.a'
 	mkdir -p '$(DESTDIR)$(JANET_MANPATH)'
diff --git a/meson.build b/meson.build
index 6eed4efa..e81251a4 100644
--- a/meson.build
+++ b/meson.build
@@ -20,7 +20,7 @@
 
 project('janet', 'c',
   default_options : ['c_std=c99', 'build.c_std=c99', 'b_lundef=false', 'default_library=both'],
-  version : '1.40.0')
+  version : '1.40.1')
 
 # Global settings
 janet_path = join_paths(get_option('prefix'), get_option('libdir'), 'janet')
diff --git a/src/conf/janetconf.h b/src/conf/janetconf.h
index 66c7284f..0b7202bd 100644
--- a/src/conf/janetconf.h
+++ b/src/conf/janetconf.h
@@ -5,9 +5,9 @@
 
 #define JANET_VERSION_MAJOR 1
 #define JANET_VERSION_MINOR 40
-#define JANET_VERSION_PATCH 0
+#define JANET_VERSION_PATCH 1
 #define JANET_VERSION_EXTRA ""
-#define JANET_VERSION "1.40.0"
+#define JANET_VERSION "1.40.1"
 
 /* #define JANET_BUILD "local" */