diff --git a/platform/mellanox/hw-management.mk b/platform/mellanox/hw-management.mk
index cc27126cf8..3fa1667fec 100644
--- a/platform/mellanox/hw-management.mk
+++ b/platform/mellanox/hw-management.mk
@@ -1,6 +1,6 @@
 # Mellanox HW Management
 
-MLNX_HW_MANAGEMENT_VERSION = 7.0000.3020
+MLNX_HW_MANAGEMENT_VERSION = 7.0000.3034
 
 export MLNX_HW_MANAGEMENT_VERSION
 
diff --git a/platform/mellanox/hw-management/hw-mgmt b/platform/mellanox/hw-management/hw-mgmt
index 5e0a3410bf..39f66b8e19 160000
--- a/platform/mellanox/hw-management/hw-mgmt
+++ b/platform/mellanox/hw-management/hw-mgmt
@@ -1 +1 @@
-Subproject commit 5e0a3410bf2167af0f63ba85cd4158a0be9f1443
+Subproject commit 39f66b8e1997868bbec297d7ae38f4e4ccc9009d
diff --git a/src/sonic-linux-kernel b/src/sonic-linux-kernel
index 187bb4aa04..57f0a4e053 160000
--- a/src/sonic-linux-kernel
+++ b/src/sonic-linux-kernel
@@ -1 +1 @@
-Subproject commit 187bb4aa046c26f2fe508e71dc74c230d316838b
+Subproject commit 57f0a4e053960db216232b6f3b15c0f5b41b88c2