diff --git a/.github/workflows/release.yaml b/.github/workflows/release.yaml
index 8717ca7f..6cdf6558 100644
--- a/.github/workflows/release.yaml
+++ b/.github/workflows/release.yaml
@@ -4,7 +4,7 @@ on:
   push:
     tags:
       - v*.*.*     # e.g. v2.0.0
-      - v*.*-*.*   # e.g. v2.0-beta.1
+      - v*.*-*.*   # e.g. v2.0-beta.0
       - v*.*.*-*.*   # e.g. v2.0.0-beta.1
 env:
   PULUMI_ACCESS_TOKEN: ${{ secrets.PULUMI_ACCESS_TOKEN }}
diff --git a/agent/version/version.go b/agent/version/version.go
index aabce10b..251a2433 100644
--- a/agent/version/version.go
+++ b/agent/version/version.go
@@ -1,3 +1,3 @@
 package version
 
-var Version string = "v2.0-beta.0"
+var Version string = "v2.0.0-beta.1"
diff --git a/deploy/deploy-operator-yaml/Pulumi.yaml b/deploy/deploy-operator-yaml/Pulumi.yaml
index 2d15c24c..2e8d71ab 100644
--- a/deploy/deploy-operator-yaml/Pulumi.yaml
+++ b/deploy/deploy-operator-yaml/Pulumi.yaml
@@ -5,7 +5,7 @@ description: |
 config:
   version: # The version to install of the Pulumi Kubernetes Operator.
     type: string
-    default: v2.0-beta.0
+    default: v2.0.0-beta.1
 resources:
   pko:
     type: kubernetes:kustomize/v2:Directory
diff --git a/deploy/helm/pulumi-operator/Chart.yaml b/deploy/helm/pulumi-operator/Chart.yaml
index ad80fa7d..15cbcb69 100755
--- a/deploy/helm/pulumi-operator/Chart.yaml
+++ b/deploy/helm/pulumi-operator/Chart.yaml
@@ -10,7 +10,7 @@ icon: https://www.pulumi.com/logos/brand/avatar-on-white.svg
 type: application
 
 version: 2.0.0
-appVersion: "v2.0-beta.0"
+appVersion: "v2.0.0-beta.1"
 
 keywords:
   - pulumi
@@ -28,7 +28,7 @@ annotations:
     - Major version bump to 2.0.0
   artifacthub.io/images: |
     - name: pulumi-kubernetes-operator
-      image: docker.io/pulumi-kubernetes-operator:v2.0-beta.0
+      image: docker.io/pulumi-kubernetes-operator:v2.0.0-beta.1
   artifacthub.io/license: Apache-2.0
   artifacthub.io/links: |
     - name: website
diff --git a/deploy/helm/pulumi-operator/README.md b/deploy/helm/pulumi-operator/README.md
index 606e46e2..1d8f7964 100644
--- a/deploy/helm/pulumi-operator/README.md
+++ b/deploy/helm/pulumi-operator/README.md
@@ -1,6 +1,6 @@
 # Pulumi Kubernetes Operator - Helm Chart
 
-![Version: 0.7.2](https://img.shields.io/badge/Version-0.7.2-informational?style=for-the-badge) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=for-the-badge) ![AppVersion: v2.0-beta.0](https://img.shields.io/badge/AppVersion-v2.0-beta.0-informational?style=for-the-badge)
+![Version: 0.7.2](https://img.shields.io/badge/Version-0.7.2-informational?style=for-the-badge) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=for-the-badge) ![AppVersion: v2.0.0-beta.1](https://img.shields.io/badge/AppVersion-v2.0.0-beta.1-informational?style=for-the-badge)
 [![Artifact Hub](https://img.shields.io/endpoint?url=https://artifacthub.io/badge/repository/pulumi-kubernetes-operator&style=for-the-badge)](https://artifacthub.io/packages/search?repo=pulumi-kubernetes-operator)
 
 ## Description 📜
diff --git a/deploy/yaml/install.yaml b/deploy/yaml/install.yaml
index 7414b249..6af385d6 100644
--- a/deploy/yaml/install.yaml
+++ b/deploy/yaml/install.yaml
@@ -28534,7 +28534,7 @@ spec:
           valueFrom:
             fieldRef:
               fieldPath: metadata.namespace
-        image: pulumi/pulumi-kubernetes-operator:v2.0-beta.0
+        image: pulumi/pulumi-kubernetes-operator:v2.0.0-beta.1
         imagePullPolicy: IfNotPresent
         livenessProbe:
           httpGet:
diff --git a/operator/Makefile b/operator/Makefile
index 3f466512..a712752e 100644
--- a/operator/Makefile
+++ b/operator/Makefile
@@ -3,7 +3,7 @@
 # To re-generate a bundle for another specific version without changing the standard setup, you can:
 # - use the VERSION as arg of the bundle target (e.g make bundle VERSION=0.0.2)
 # - use environment variables to overwrite this value (e.g export VERSION=0.0.2)
-VERSION ?= v2.0-beta.0
+VERSION ?= v2.0.0-beta.1
 
 # CHANNELS define the bundle channels used in the bundle.
 # Add a new line here if you would like to change its default config. (E.g CHANNELS = "candidate,fast,stable")
diff --git a/operator/config/manager/kustomization.yaml b/operator/config/manager/kustomization.yaml
index 2f50555f..05fe7b2b 100644
--- a/operator/config/manager/kustomization.yaml
+++ b/operator/config/manager/kustomization.yaml
@@ -3,6 +3,6 @@ kind: Kustomization
 images:
 - name: controller
   newName: pulumi/pulumi-kubernetes-operator
-  newTag: v2.0-beta.0
+  newTag: v2.0.0-beta.1
 resources:
 - manager.yaml
diff --git a/operator/version/version.go b/operator/version/version.go
index aabce10b..251a2433 100644
--- a/operator/version/version.go
+++ b/operator/version/version.go
@@ -1,3 +1,3 @@
 package version
 
-var Version string = "v2.0-beta.0"
+var Version string = "v2.0.0-beta.1"