diff --git a/platform/mellanox/mft.mk b/platform/mellanox/mft.mk
index f0102e9a9a8..5263241134b 100644
--- a/platform/mellanox/mft.mk
+++ b/platform/mellanox/mft.mk
@@ -18,7 +18,7 @@
 # Mellanox SAI
 
 MFT_VERSION = 4.34.0
-MFT_REVISION = 148
+MFT_REVISION = 150
 
 MLNX_MFT_INTERNAL_SOURCE_BASE_URL =
 
diff --git a/platform/nvidia-bluefield/recipes/mft.mk b/platform/nvidia-bluefield/recipes/mft.mk
index da26ad8f426..b531eddeaf3 100644
--- a/platform/nvidia-bluefield/recipes/mft.mk
+++ b/platform/nvidia-bluefield/recipes/mft.mk
@@ -15,7 +15,7 @@
 # limitations under the License.
 
 MFT_VERSION = 4.34.0
-MFT_REVISION = 148
+MFT_REVISION = 150
 
 MFT_INTERNAL_SOURCE_BASE_URL =