diff --git a/sdk/azidentity/CHANGELOG.md b/sdk/azidentity/CHANGELOG.md
index e316136f61e2..f240f7c69138 100644
--- a/sdk/azidentity/CHANGELOG.md
+++ b/sdk/azidentity/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 1.2.0-beta.3 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 1.2.0-beta.2 (2022-08-10)
 
 ### Features Added
diff --git a/sdk/azidentity/version.go b/sdk/azidentity/version.go
index f979f7ad5069..49ea910601ab 100644
--- a/sdk/azidentity/version.go
+++ b/sdk/azidentity/version.go
@@ -11,5 +11,5 @@ const (
 	component = "azidentity"
 
 	// Version is the semantic version (see http://semver.org) of this module.
-	version = "v1.2.0-beta.2"
+	version = "v1.2.0-beta.3"
 )