diff --git a/optimum/version.py b/optimum/version.py
index 7b629384a9..ceb21d9e12 100644
--- a/optimum/version.py
+++ b/optimum/version.py
@@ -12,4 +12,4 @@
 #  See the License for the specific language governing permissions and
 #  limitations under the License.
 
-__version__ = "1.5.3.dev0"
+__version__ = "1.6.0"