diff --git a/conda/environments/all_cuda-118_arch-x86_64.yaml b/conda/environments/all_cuda-118_arch-x86_64.yaml
index 4d5c56e4a7d..a479d517c24 100644
--- a/conda/environments/all_cuda-118_arch-x86_64.yaml
+++ b/conda/environments/all_cuda-118_arch-x86_64.yaml
@@ -60,7 +60,7 @@ dependencies:
 - numpy>=1.21,<1.25
 - numpydoc
 - nvcc_linux-64=11.8
-- nvcomp==2.6.1
+- nvcomp==3.0.4
 - nvtx>=0.2.1
 - packaging
 - pandas>=1.3,<1.6.0dev0
diff --git a/conda/environments/all_cuda-120_arch-x86_64.yaml b/conda/environments/all_cuda-120_arch-x86_64.yaml
index 8606932dae4..d1779aaeeac 100644
--- a/conda/environments/all_cuda-120_arch-x86_64.yaml
+++ b/conda/environments/all_cuda-120_arch-x86_64.yaml
@@ -59,7 +59,7 @@ dependencies:
 - numba>=0.57,<0.58
 - numpy>=1.21,<1.25
 - numpydoc
-- nvcomp==2.6.1
+- nvcomp==3.0.4
 - nvtx>=0.2.1
 - packaging
 - pandas>=1.3,<1.6.0dev0
diff --git a/conda/recipes/libcudf/conda_build_config.yaml b/conda/recipes/libcudf/conda_build_config.yaml
index 05b2135184b..fa06ed048b7 100644
--- a/conda/recipes/libcudf/conda_build_config.yaml
+++ b/conda/recipes/libcudf/conda_build_config.yaml
@@ -38,7 +38,7 @@ spdlog_version:
   - ">=1.11.0,<1.12"
 
 nvcomp_version:
-  - "=2.6.1"
+  - "=3.0.4"
 
 zlib_version:
   - ">=1.2.13"
diff --git a/dependencies.yaml b/dependencies.yaml
index 35d08239a4c..3850347aa63 100644
--- a/dependencies.yaml
+++ b/dependencies.yaml
@@ -244,7 +244,7 @@ dependencies:
           - libarrow-all==14.0.1.*
           - librdkafka>=1.9.0,<1.10.0a0
           # Align nvcomp version with rapids-cmake
-          - nvcomp==2.6.1
+          - nvcomp==3.0.4
           - spdlog>=1.11.0,<1.12
   build_wheels:
     common: