diff --git a/charts/tidb-cluster/values.yaml b/charts/tidb-cluster/values.yaml
index e623242b7d..94b13b9f51 100644
--- a/charts/tidb-cluster/values.yaml
+++ b/charts/tidb-cluster/values.yaml
@@ -38,7 +38,7 @@ services:
     type: ClusterIP
 
 discovery:
-  image: pingcap/tidb-operator:v1.2.6
+  image: pingcap/tidb-operator:v1.2.7
   imagePullPolicy: IfNotPresent
   resources:
     limits:
diff --git a/charts/tidb-operator/values.yaml b/charts/tidb-operator/values.yaml
index 7f46238fbd..d77b742760 100644
--- a/charts/tidb-operator/values.yaml
+++ b/charts/tidb-operator/values.yaml
@@ -12,12 +12,12 @@ rbac:
 timezone: UTC
 
 # operatorImage is TiDB Operator image
-operatorImage: pingcap/tidb-operator:v1.2.6
+operatorImage: pingcap/tidb-operator:v1.2.7
 imagePullPolicy: IfNotPresent
 # imagePullSecrets: []
 
 # tidbBackupManagerImage is tidb backup manager image
-tidbBackupManagerImage: pingcap/tidb-backup-manager:v1.2.6
+tidbBackupManagerImage: pingcap/tidb-backup-manager:v1.2.7
 
 #
 # Enable or disable tidb-operator features:
diff --git a/deploy/aliyun/variables.tf b/deploy/aliyun/variables.tf
index 4fd4a03b55..ab395dfcc0 100644
--- a/deploy/aliyun/variables.tf
+++ b/deploy/aliyun/variables.tf
@@ -10,7 +10,7 @@ variable "bastion_cpu_core_count" {
 
 variable "operator_version" {
   type    = string
-  default = "v1.2.6"
+  default = "v1.2.7"
 }
 
 variable "operator_helm_values" {
diff --git a/deploy/aws/variables.tf b/deploy/aws/variables.tf
index 4f01994c0f..ac1c1aaa1f 100644
--- a/deploy/aws/variables.tf
+++ b/deploy/aws/variables.tf
@@ -19,7 +19,7 @@ variable "eks_version" {
 
 variable "operator_version" {
   description = "TiDB operator version"
-  default     = "v1.2.6"
+  default     = "v1.2.7"
 }
 
 variable "operator_values" {
diff --git a/deploy/gcp/variables.tf b/deploy/gcp/variables.tf
index c6c7882648..e5c56dce14 100644
--- a/deploy/gcp/variables.tf
+++ b/deploy/gcp/variables.tf
@@ -28,7 +28,7 @@ variable "tidb_version" {
 }
 
 variable "tidb_operator_version" {
-  default = "v1.2.6"
+  default = "v1.2.7"
 }
 
 variable "tidb_operator_chart_version" {
diff --git a/hack/bump-version.sh b/hack/bump-version.sh
index b51d29fd35..591a0460b5 100755
--- a/hack/bump-version.sh
+++ b/hack/bump-version.sh
@@ -22,8 +22,8 @@ if [[ "$OSTYPE" == "darwin"* ]]; then
 fi
 
 # parameters
-OPERATOR_OLD="v1\.2\.5"
-OPERATOR_NEW="v1\.2\.6"
+OPERATOR_OLD="v1\.2\.6"
+OPERATOR_NEW="v1\.2\.7"
 TIDB_OLD="v5\.2\.1"
 TIDB_NEW="v5\.3\.0"
 DM_OLD="v2.0.7"