diff --git a/platform/mellanox/hw-management.mk b/platform/mellanox/hw-management.mk
index df1d3914e00..3738f09a7cb 100644
--- a/platform/mellanox/hw-management.mk
+++ b/platform/mellanox/hw-management.mk
@@ -17,7 +17,7 @@
 #
 # Mellanox HW Management
 
-MLNX_HW_MANAGEMENT_VERSION = 7.0040.2104
+MLNX_HW_MANAGEMENT_VERSION = 7.0040.4011
 
 export MLNX_HW_MANAGEMENT_VERSION
 
diff --git a/platform/mellanox/hw-management/hw-mgmt b/platform/mellanox/hw-management/hw-mgmt
index 7051b52c03b..56a2cc9a89c 160000
--- a/platform/mellanox/hw-management/hw-mgmt
+++ b/platform/mellanox/hw-management/hw-mgmt
@@ -1 +1 @@
-Subproject commit 7051b52c03b884876345a663b46a1b9b11f4e45c
+Subproject commit 56a2cc9a89cc07be71adf8e7de278d0de10e5b09
diff --git a/platform/mellanox/non-upstream-patches/external-changes.patch b/platform/mellanox/non-upstream-patches/external-changes.patch
index d722e157f1c..8a0a01c8e6f 100644
--- a/platform/mellanox/non-upstream-patches/external-changes.patch
+++ b/platform/mellanox/non-upstream-patches/external-changes.patch
@@ -1,7 +1,7 @@
 
 --- a/patch/kconfig-inclusions
 +++ b/patch/kconfig-inclusions
-@@ -126,6 +126,10 @@
+@@ -129,6 +129,10 @@
  CONFIG_EDAC_AMD64=m
  CONFIG_AMD_XGBE_DCB=y
  CONFIG_SENSORS_ISL68137=m