diff --git a/esphome/components/esp32/__init__.py b/esphome/components/esp32/__init__.py
index 6981662d7..61511cba0 100644
--- a/esphome/components/esp32/__init__.py
+++ b/esphome/components/esp32/__init__.py
@@ -334,12 +334,14 @@ def _is_framework_url(source: str) -> str:
 #  - https://github.com/espressif/arduino-esp32/releases
 ARDUINO_FRAMEWORK_VERSION_LOOKUP = {
     "recommended": cv.Version(3, 3, 2),
-    "latest": cv.Version(3, 3, 2),
-    "dev": cv.Version(3, 3, 2),
+    "latest": cv.Version(3, 3, 4),
+    "dev": cv.Version(3, 3, 4),
 }
 ARDUINO_PLATFORM_VERSION_LOOKUP = {
-    cv.Version(3, 3, 2): cv.Version(55, 3, 31, "1"),
-    cv.Version(3, 3, 1): cv.Version(55, 3, 31, "1"),
+    cv.Version(3, 3, 4): cv.Version(55, 3, 31, "2"),
+    cv.Version(3, 3, 3): cv.Version(55, 3, 31, "2"),
+    cv.Version(3, 3, 2): cv.Version(55, 3, 31, "2"),
+    cv.Version(3, 3, 1): cv.Version(55, 3, 31, "2"),
     cv.Version(3, 3, 0): cv.Version(55, 3, 30, "2"),
     cv.Version(3, 2, 1): cv.Version(54, 3, 21, "2"),
     cv.Version(3, 2, 0): cv.Version(54, 3, 20),
@@ -357,8 +359,8 @@ ESP_IDF_FRAMEWORK_VERSION_LOOKUP = {
     "dev": cv.Version(5, 5, 1),
 }
 ESP_IDF_PLATFORM_VERSION_LOOKUP = {
-    cv.Version(5, 5, 1): cv.Version(55, 3, 31, "1"),
-    cv.Version(5, 5, 0): cv.Version(55, 3, 31, "1"),
+    cv.Version(5, 5, 1): cv.Version(55, 3, 31, "2"),
+    cv.Version(5, 5, 0): cv.Version(55, 3, 31, "2"),
     cv.Version(5, 4, 3): cv.Version(55, 3, 32),
     cv.Version(5, 4, 2): cv.Version(54, 3, 21, "2"),
     cv.Version(5, 4, 1): cv.Version(54, 3, 21, "2"),
@@ -373,9 +375,9 @@ ESP_IDF_PLATFORM_VERSION_LOOKUP = {
 # The platform-espressif32 version
 #  - https://github.com/pioarduino/platform-espressif32/releases
 PLATFORM_VERSION_LOOKUP = {
-    "recommended": cv.Version(55, 3, 31, "1"),
-    "latest": cv.Version(55, 3, 31, "1"),
-    "dev": cv.Version(55, 3, 31, "1"),
+    "recommended": cv.Version(55, 3, 31, "2"),
+    "latest": cv.Version(55, 3, 31, "2"),
+    "dev": cv.Version(55, 3, 31, "2"),
 }