diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6218f7246e..809c48c3b1 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,14 @@
 # PowerShell Extension Release History
 
+## v2026.1.0-preview
+### Wednesday, April 08, 2026
+
+With PowerShell Editor Services [v4.5.0](https://github.com/PowerShell/PowerShellEditorServices/releases/tag/v4.5.0)!
+
+New PSSA version and lots of fixes!
+
+See more details at the GitHub Release for [v2026.1.0-preview](https://github.com/PowerShell/vscode-powershell/releases/tag/v2026.1.0-preview).
+
 ## v2025.4.0
 ### Wednesday, October 08, 2025
 
diff --git a/package.json b/package.json
index e4e046f55f..6158f48dfc 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
   "name": "powershell",
   "displayName": "PowerShell",
-  "version": "2025.4.0",
+  "version": "2026.1.0",
   "preview": false,
   "publisher": "ms-vscode",
   "description": "Develop PowerShell modules, commands and scripts in Visual Studio Code!",