diff --git a/esphome/docker-compose.yml b/esphome/docker-compose.yml
index bcdacc16..2dee7065 100644
--- a/esphome/docker-compose.yml
+++ b/esphome/docker-compose.yml
@@ -2,7 +2,7 @@ version: "3.7"
 
 services:
   server:
-    image: esphome/esphome:2024.10.2@sha256:e01bc223b5a669e559318792a9cfde6c5f69781a53a6e4c819b6499313ee5028
+    image: esphome/esphome:2024.10.3@sha256:4e3611857c4f71b1a48a09bb8a34687da54ff4793535879efec8ea4b1302615d
     network_mode: host
     volumes:
       - ${APP_DATA_DIR}/data:/config
diff --git a/esphome/umbrel-app.yml b/esphome/umbrel-app.yml
index db8923a3..ec92a84d 100644
--- a/esphome/umbrel-app.yml
+++ b/esphome/umbrel-app.yml
@@ -2,7 +2,7 @@ manifestVersion: 1
 id: esphome
 category: automation
 name: ESPHome
-version: "2024.10.2"
+version: "2024.10.3"
 tagline: Intelligently manage all your ESP8266/ESP32 devices
 description: >-
   ESPHome is a system to control your ESP8266/ESP32 by simple yet powerful configuration files and control them remotely through Home Automation systems.
@@ -25,9 +25,9 @@ releaseNotes: >-
 
 
   Highlights:
-    - Improved error message for missing MQTT log topic
-    - Fixed issues with some LVGL properties not being templatable
-    - Resolved a crash on start for voice assistant component
+    - Fixed display width and height calculations
+    - Improved modbus timing reliability
+    - Enhanced LVGL image configuration handling
 
 
   Full release notes can be found at https://github.com/esphome/esphome/releases.