diff --git a/.github/workflows/ci_linux_x64-libshortfin.yml b/.github/workflows/ci_linux_x64-libshortfin.yml
index f6196611a..6be5ecec8 100644
--- a/.github/workflows/ci_linux_x64-libshortfin.yml
+++ b/.github/workflows/ci_linux_x64-libshortfin.yml
@@ -56,7 +56,7 @@ jobs:
         repository: iree-org/iree
         path: ${{ env.IREE_REPO_DIR }}
         submodules: false
-        ref: candidate-20240904.1006
+        ref: candidate-20241025.1058
 
     - name: Initalize IREE submodules
       working-directory: ${{ env.IREE_REPO_DIR }}
diff --git a/.github/workflows/ci_linux_x64_asan-libshortfin.yml b/.github/workflows/ci_linux_x64_asan-libshortfin.yml
index a1c6bceb2..6d916c2f5 100644
--- a/.github/workflows/ci_linux_x64_asan-libshortfin.yml
+++ b/.github/workflows/ci_linux_x64_asan-libshortfin.yml
@@ -109,7 +109,7 @@ jobs:
         repository: iree-org/iree
         path: ${{ env.IREE_SOURCE_DIR }}
         submodules: false
-        ref: candidate-20240904.1006
+        ref: candidate-20241025.1058
 
     - name: Initalize IREE submodules
       working-directory: ${{ env.IREE_SOURCE_DIR }}
diff --git a/.github/workflows/ci_linux_x64_nogil-libshortfin.yml b/.github/workflows/ci_linux_x64_nogil-libshortfin.yml
index ee9470fc0..6594733be 100644
--- a/.github/workflows/ci_linux_x64_nogil-libshortfin.yml
+++ b/.github/workflows/ci_linux_x64_nogil-libshortfin.yml
@@ -57,7 +57,7 @@ jobs:
         repository: iree-org/iree
         path: ${{ env.IREE_REPO_DIR }}
         submodules: false
-        ref: candidate-20240904.1006
+        ref: candidate-20241025.1058
 
     - name: Initalize IREE submodules
       working-directory: ${{ env.IREE_REPO_DIR }}
diff --git a/.github/workflows/ci_windows_x64-libshortfin.yml b/.github/workflows/ci_windows_x64-libshortfin.yml
index 1dbb946b8..210b719e8 100644
--- a/.github/workflows/ci_windows_x64-libshortfin.yml
+++ b/.github/workflows/ci_windows_x64-libshortfin.yml
@@ -54,7 +54,7 @@ jobs:
         repository: iree-org/iree
         path: ${{ env.IREE_REPO_DIR }}
         submodules: false
-        ref: candidate-20240904.1006
+        ref: candidate-20241025.1058
 
     - name: Initalize IREE submodules
       working-directory: ${{ env.IREE_REPO_DIR }}
diff --git a/shortfin/CMakeLists.txt b/shortfin/CMakeLists.txt
index 1368165d6..4e2648a87 100644
--- a/shortfin/CMakeLists.txt
+++ b/shortfin/CMakeLists.txt
@@ -183,7 +183,7 @@ elseif (SHORTFIN_BUNDLE_DEPS)
   FetchContent_Declare(
     shortfin_iree
     GIT_REPOSITORY https://github.com/iree-org/iree.git
-    GIT_TAG candidate-20240904.1006
+    GIT_TAG candidate-20241025.1058
     GIT_SUBMODULES ${IREE_SUBMODULES}
     GIT_SHALLOW TRUE
     SYSTEM