diff --git a/CMake/resolve_dependency_modules/README.md b/CMake/resolve_dependency_modules/README.md
index ce766cb17bcd..1057236bdf51 100644
--- a/CMake/resolve_dependency_modules/README.md
+++ b/CMake/resolve_dependency_modules/README.md
@@ -32,11 +32,11 @@ by Velox. See details on bundling below.
 | re2               | 2021-04-01      | Yes      |
 | fmt               | 10.1.1          | Yes      |
 | simdjson          | 3.9.3           | Yes      |
-| folly             | v2024.05.20.00  | Yes      |
-| fizz              | v2024.05.20.00  | No       |
-| wangle            | v2024.05.20.00  | No       |
-| mvfst             | v2024.05.20.00  | No       |
-| fbthrift          | v2024.05.20.00  | No       |
+| folly             | v2024.07.01.00  | Yes      |
+| fizz              | v2024.07.01.00  | No       |
+| wangle            | v2024.07.01.00  | No       |
+| mvfst             | v2024.07.01.00  | No       |
+| fbthrift          | v2024.07.01.00  | No       |
 | libstemmer        | 2.2.0           | Yes      |
 | DuckDB (testing)  | 0.8.1           | Yes      |
 | cpr (testing)     | 1.10.15         | Yes      |
diff --git a/CMake/resolve_dependency_modules/folly/CMakeLists.txt b/CMake/resolve_dependency_modules/folly/CMakeLists.txt
index df7a489384ee..dadde5339735 100644
--- a/CMake/resolve_dependency_modules/folly/CMakeLists.txt
+++ b/CMake/resolve_dependency_modules/folly/CMakeLists.txt
@@ -14,9 +14,9 @@
 project(Folly)
 cmake_minimum_required(VERSION 3.14)
 
-set(VELOX_FOLLY_BUILD_VERSION v2024.05.20.00)
+set(VELOX_FOLLY_BUILD_VERSION v2024.07.01.00)
 set(VELOX_FOLLY_BUILD_SHA256_CHECKSUM
-    f4a450e59f0b74d1b0b4e5c55ae38e820166c95d02f8a8a298e54a49a90aa057)
+    e78584ab7ba9a687285f2849bc0141e2422a5c808ad6ab3558c83d85975e25ed)
 set(VELOX_FOLLY_SOURCE_URL
     "https://github.com/facebook/folly/releases/download/${VELOX_FOLLY_BUILD_VERSION}/folly-${VELOX_FOLLY_BUILD_VERSION}.tar.gz"
 )
diff --git a/scripts/setup-centos9.sh b/scripts/setup-centos9.sh
index 2914be251f58..cb193c27c96d 100755
--- a/scripts/setup-centos9.sh
+++ b/scripts/setup-centos9.sh
@@ -39,7 +39,7 @@ USE_CLANG="${USE_CLANG:-false}"
 export INSTALL_PREFIX=${INSTALL_PREFIX:-"/usr/local"}
 DEPENDENCY_DIR=${DEPENDENCY_DIR:-$(pwd)/deps-download}
 
-FB_OS_VERSION="v2024.05.20.00"
+FB_OS_VERSION="v2024.07.01.00"
 FMT_VERSION="10.1.1"
 BOOST_VERSION="boost-1.84.0"
 ARROW_VERSION="15.0.0"
diff --git a/scripts/setup-macos.sh b/scripts/setup-macos.sh
index da1f73d8a8a1..b80ca09baecf 100755
--- a/scripts/setup-macos.sh
+++ b/scripts/setup-macos.sh
@@ -42,7 +42,7 @@ BUILD_DUCKDB="${BUILD_DUCKDB:-true}"
 DEPENDENCY_DIR=${DEPENDENCY_DIR:-$(pwd)}
 MACOS_VELOX_DEPS="bison flex gflags glog googletest icu4c libevent libsodium lz4 lzo openssl protobuf@21 snappy xz zstd"
 MACOS_BUILD_DEPS="ninja cmake"
-FB_OS_VERSION="v2024.05.20.00"
+FB_OS_VERSION="v2024.07.01.00"
 FMT_VERSION="10.1.1"
 BOOST_VERSION="boost-1.84.0"
 STEMMER_VERSION="2.2.0"
diff --git a/scripts/setup-ubuntu.sh b/scripts/setup-ubuntu.sh
index 5ecf27235652..6ab4daae6b59 100755
--- a/scripts/setup-ubuntu.sh
+++ b/scripts/setup-ubuntu.sh
@@ -54,7 +54,7 @@ function install_clang15 {
   ${SUDO} apt install ${CLANG_PACKAGE_LIST} -y
 }
 
-FB_OS_VERSION="v2024.05.20.00"
+FB_OS_VERSION="v2024.07.01.00"
 FMT_VERSION="10.1.1"
 BOOST_VERSION="boost-1.84.0"
 ARROW_VERSION="15.0.0"