diff --git a/conda/environments/all_cuda-118_arch-x86_64.yaml b/conda/environments/all_cuda-118_arch-x86_64.yaml
index 135a01be..c0bbae2b 100644
--- a/conda/environments/all_cuda-118_arch-x86_64.yaml
+++ b/conda/environments/all_cuda-118_arch-x86_64.yaml
@@ -21,7 +21,7 @@ dependencies:
 - dask-cuda==24.10.*,>=0.0.0a0
 - dask-cudf==24.10.*,>=0.0.0a0
 - doxygen=1.9.1
-- fmt>=10.1.1,<11
+- fmt>=11.0.2,<12
 - librmm==24.10.*,>=0.0.0a0
 - libtool
 - ninja
@@ -40,6 +40,6 @@ dependencies:
 - rmm==24.10.*,>=0.0.0a0
 - scikit-build-core>=0.10.0
 - setuptools>=64.0.0
-- spdlog>=1.12.0,<1.13
+- spdlog>=1.14.1,<1.15
 - ucx>=1.15.0,<1.18
 name: all_cuda-118_arch-x86_64
diff --git a/conda/environments/all_cuda-125_arch-x86_64.yaml b/conda/environments/all_cuda-125_arch-x86_64.yaml
index b63f81c3..e6bf60ec 100644
--- a/conda/environments/all_cuda-125_arch-x86_64.yaml
+++ b/conda/environments/all_cuda-125_arch-x86_64.yaml
@@ -21,7 +21,7 @@ dependencies:
 - dask-cuda==24.10.*,>=0.0.0a0
 - dask-cudf==24.10.*,>=0.0.0a0
 - doxygen=1.9.1
-- fmt>=10.1.1,<11
+- fmt>=11.0.2,<12
 - librmm==24.10.*,>=0.0.0a0
 - libtool
 - ninja
@@ -40,6 +40,6 @@ dependencies:
 - rmm==24.10.*,>=0.0.0a0
 - scikit-build-core>=0.10.0
 - setuptools>=64.0.0
-- spdlog>=1.12.0,<1.13
+- spdlog>=1.14.1,<1.15
 - ucx>=1.15.0,<1.18
 name: all_cuda-125_arch-x86_64
diff --git a/dependencies.yaml b/dependencies.yaml
index 329af493..a216dce3 100644
--- a/dependencies.yaml
+++ b/dependencies.yaml
@@ -156,10 +156,10 @@ dependencies:
           - c-compiler
           - cxx-compiler
           - &cmake_ver cmake>=3.26.4,!=3.30.0
-          - fmt>=10.1.1,<11
+          - fmt>=11.0.2,<12
           - librmm==24.10.*,>=0.0.0a0
           - ninja
-          - spdlog>=1.12.0,<1.13
+          - spdlog>=1.14.1,<1.15
       - output_types: [requirements, pyproject]
         packages:
           - *cmake_ver