diff --git a/math/py-cvxpy/Makefile b/math/py-cvxpy/Makefile
index e4cc39c15b7d..0365de0faeb3 100644
--- a/math/py-cvxpy/Makefile
+++ b/math/py-cvxpy/Makefile
@@ -1,31 +1,31 @@
 PORTNAME=	cvxpy
-DISTVERSION=	1.2.1
+DISTVERSION=	1.3.0
 CATEGORIES=	math python
 MASTER_SITES=	PYPI
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
 MAINTAINER=	yuri@FreeBSD.org
 COMMENT=	Domain-specific language for modeling convex optimization problems
 WWW=		https://www.cvxpy.org/
 
 LICENSE=	APACHE20
 LICENSE_FILE=	${WRKSRC}/LICENSE
 
 BUILD_DEPENDS=	${PYNUMPY}
 RUN_DEPENDS=	${PYNUMPY} \
 		${PYTHON_PKGNAMEPREFIX}ecos>=2:math/py-ecos@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}osqp>=0.4.1:math/py-osqp@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}scipy>=1.1.0:science/py-scipy@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}scs>=1.1.6:math/py-scs@${PY_FLAVOR}
 TEST_DEPENDS=	pytest:devel/py-pytest@${PY_FLAVOR}
 
 USES=		python:3.6+
 USE_PYTHON=	distutils autoplist
 
 post-install:
 		${STRIP_CMD} ${STAGEDIR}${PYTHONPREFIX_SITELIBDIR}/_cvxcore*.so
 
 do-test: install
 	@cd ${WRKSRC} && pytest
 
 .include <bsd.port.mk>
diff --git a/math/py-cvxpy/distinfo b/math/py-cvxpy/distinfo
index 47fd8e9bfc31..444078d399e5 100644
--- a/math/py-cvxpy/distinfo
+++ b/math/py-cvxpy/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1652811462
-SHA256 (cvxpy-1.2.1.tar.gz) = 6d67642643d1ddb2f2af59b466b87d42c4a2e367831ad7b43c33b59eefa5b50e
-SIZE (cvxpy-1.2.1.tar.gz) = 1286289
+TIMESTAMP = 1678606828
+SHA256 (cvxpy-1.3.0.tar.gz) = 66cce67bdc635b9b29066510474392c0cfc0d95db8adda4010dc8cdd8e046250
+SIZE (cvxpy-1.3.0.tar.gz) = 1323298