diff --git a/Config.mk b/Config.mk
index 923a69700c..583ceefe31 100644
--- a/Config.mk
+++ b/Config.mk
@@ -224,7 +224,7 @@ ETHERBOOT_NICS ?= rtl8139 8086100e
 # CONFIG_QEMU ?= `pwd`/$(XEN_ROOT)/../qemu-xen.git
 CONFIG_QEMU ?= $(QEMU_REMOTE)
 
-QEMU_TAG ?= 8a7abb1694f22cb18616ee7a7a544b026c914bf9
+QEMU_TAG ?= xen-4.3.3-rc2
 # Tue Apr 8 16:50:06 2014 +0000
 # qemu-xen-trad: free all the pirqs for msi/msix when driver unloads
 
diff --git a/xen/Makefile b/xen/Makefile
index dd2f7570bc..ae4181301d 100644
--- a/xen/Makefile
+++ b/xen/Makefile
@@ -2,7 +2,7 @@
 # All other places this is stored (eg. compile.h) should be autogenerated.
 export XEN_VERSION       = 4
 export XEN_SUBVERSION    = 3
-export XEN_EXTRAVERSION ?= .3-rc1$(XEN_VENDORVERSION)
+export XEN_EXTRAVERSION ?= .3-rc2$(XEN_VENDORVERSION)
 export XEN_FULLVERSION   = $(XEN_VERSION).$(XEN_SUBVERSION)$(XEN_EXTRAVERSION)
 -include xen-version