diff --git a/versions.mk b/versions.mk
index 66903f4e0c..bae53c3c08 100644
--- a/versions.mk
+++ b/versions.mk
@@ -19,9 +19,9 @@
 # Any variable can be overridden by the environment or command-line.
 
 # Source repository git commits / branches (used for source builds)
-OV_SOURCE_BRANCH ?= ce03a15d415297223fdc6a99846a9ec8fa83c45b
+OV_SOURCE_BRANCH ?= 8a17657b995fd3b4a52f8484acfcf2bb61214623
 OV_TOKENIZERS_BRANCH ?= 183c6f25cda2a469cba5eff8b72022d2d51ba0ca
-OV_GENAI_BRANCH ?= e9c0cf80d50bdb335acef793d2458b6d95cb0996
+OV_GENAI_BRANCH ?= bd8d6542e3ca1ac30042d5d8d4202ce00b5f4af0
 
 # Source repository organizations
 OV_SOURCE_ORG ?= openvinotoolkit
@@ -29,10 +29,10 @@ OV_GENAI_ORG ?= openvinotoolkit
 OV_TOKENIZERS_ORG ?= openvinotoolkit
 
 # Binary package URLs for each supported platform.
-DLDT_PACKAGE_URL_UBUNTU24 ?= https://storage.openvinotoolkit.org/repositories/openvino_genai/packages/pre-release/2026.3.0.0rc2/openvino_genai_ubuntu24_2026.3.0.0rc2_x86_64.tar.gz
-DLDT_PACKAGE_URL_UBUNTU22 ?= https://storage.openvinotoolkit.org/repositories/openvino_genai/packages/pre-release/2026.3.0.0rc2/openvino_genai_ubuntu22_2026.3.0.0rc2_x86_64.tar.gz
-DLDT_PACKAGE_URL_RHEL ?= https://storage.openvinotoolkit.org/repositories/openvino_genai/packages/pre-release/2026.3.0.0rc2/openvino_genai_rhel8_2026.3.0.0rc2_x86_64.tar.gz
-GENAI_PACKAGE_URL_WINDOWS ?= https://storage.openvinotoolkit.org/repositories/openvino_genai/packages/pre-release/2026.3.0.0rc2/openvino_genai_windows_2026.3.0.0rc2_x86_64.zip
+DLDT_PACKAGE_URL_UBUNTU24 ?= https://storage.openvinotoolkit.org/repositories/openvino_genai/packages/pre-release/2026.3.0.0rc3/openvino_genai_ubuntu24_2026.3.0.0rc3_x86_64.tar.gz
+DLDT_PACKAGE_URL_UBUNTU22 ?= https://storage.openvinotoolkit.org/repositories/openvino_genai/packages/pre-release/2026.3.0.0rc3/openvino_genai_ubuntu22_2026.3.0.0rc3_x86_64.tar.gz
+DLDT_PACKAGE_URL_RHEL ?= https://storage.openvinotoolkit.org/repositories/openvino_genai/packages/pre-release/2026.3.0.0rc3/openvino_genai_rhel8_2026.3.0.0rc3_x86_64.tar.gz
+GENAI_PACKAGE_URL_WINDOWS ?= https://storage.openvinotoolkit.org/repositories/openvino_genai/packages/pre-release/2026.3.0.0rc3/openvino_genai_windows_2026.3.0.0rc3_x86_64.zip
 
 # Third-party dependency versions (used for binary builds)
 OPENCV_VERSION ?= 4.13.0