diff --git a/kotlin-native/konan/konan.properties b/kotlin-native/konan/konan.properties
index 72c055dee17..ca93d069d46 100644
--- a/kotlin-native/konan/konan.properties
+++ b/kotlin-native/konan/konan.properties
@@ -66,12 +66,12 @@ llvmVersion.macos_x64 = 8.0.0
 # Mac OS X.
 # Can be an absolute path instead of predefined value.
 llvmHome.macos_x64 = $llvm.macos_x64.dev
-targetToolchain.macos_x64 = target-toolchain-xcode_12_0-macos_x64
+targetToolchain.macos_x64 = target-toolchain-xcode_12_2-macos_x64
 libffiDir.macos_x64 = libffi-3.2.1-3-darwin-macos
-additionalToolsDir.macos_x64 = xcode-addon-xcode_12_0-macos_x64
+additionalToolsDir.macos_x64 = xcode-addon-xcode_12_2-macos_x64
 
 arch.macos_x64 = x86_64
-targetSysRoot.macos_x64 = target-sysroot-xcode_12_0-macos_x64
+targetSysRoot.macos_x64 = target-sysroot-xcode_12_2-macos_x64
 targetCpu.macos_x64 = core2
 clangFlags.macos_x64 = -cc1 -emit-obj -disable-llvm-passes -x ir
 clangNooptFlags.macos_x64 = -O1
@@ -93,27 +93,27 @@ dependencies.macos_x64 = \
     libffi-3.2.1-3-darwin-macos \
     lldb-3-macos
 
-target-sysroot-xcode_12_0-macos_x64.default = \
+target-sysroot-xcode_12_2-macos_x64.default = \
   remote:internal
 
-target-toolchain-xcode_12_0-macos_x64.default = \
+target-toolchain-xcode_12_2-macos_x64.default = \
   remote:internal
 
-xcode-addon-xcode_12_0-macos_x64.default = \
+xcode-addon-xcode_12_2-macos_x64.default = \
   remote:internal
 
 
 # Apple's 32-bit iOS.
-targetToolchain.macos_x64-ios_arm32 = target-toolchain-xcode_12_0-macos_x64
+targetToolchain.macos_x64-ios_arm32 = target-toolchain-xcode_12_2-macos_x64
 dependencies.macos_x64-ios_arm32 = \
   libffi-3.2.1-3-darwin-macos
 
-target-sysroot-xcode_12_0-ios_arm32.default = \
+target-sysroot-xcode_12_2-ios_arm32.default = \
   remote:internal
 
 arch.ios_arm32 = armv7
 # Shared with 64-bit version.
-targetSysRoot.ios_arm32 = target-sysroot-xcode_12_0-ios_arm64
+targetSysRoot.ios_arm32 = target-sysroot-xcode_12_2-ios_arm64
 targetCpu.ios_arm32 = generic
 clangFlags.ios_arm32 = -cc1 -emit-obj -disable-llvm-optzns -x ir
 clangNooptFlags.ios_arm32 = -O1
@@ -137,15 +137,15 @@ runtimeDefinitions.ios_arm32 = KONAN_OBJC_INTEROP=1 KONAN_IOS KONAN_ARM32=1 \
   KONAN_NO_64BIT_ATOMIC=1 KONAN_NO_UNALIGNED_ACCESS=1
 
 # Apple's 64-bit iOS.
-targetToolchain.macos_x64-ios_arm64 = target-toolchain-xcode_12_0-macos_x64
+targetToolchain.macos_x64-ios_arm64 = target-toolchain-xcode_12_2-macos_x64
 dependencies.macos_x64-ios_arm64 = \
   libffi-3.2.1-3-darwin-macos
 
-target-sysroot-xcode_12_0-ios_arm64.default = \
+target-sysroot-xcode_12_2-ios_arm64.default = \
   remote:internal
 
 arch.ios_arm64 = arm64
-targetSysRoot.ios_arm64 = target-sysroot-xcode_12_0-ios_arm64
+targetSysRoot.ios_arm64 = target-sysroot-xcode_12_2-ios_arm64
 targetCpu.ios_arm64 = cyclone
 clangFlags.ios_arm64 = -cc1 -emit-obj -disable-llvm-passes -x ir
 clangNooptFlags.ios_arm64 = -O1
@@ -167,15 +167,15 @@ runtimeDefinitions.ios_arm64 = KONAN_OBJC_INTEROP=1 KONAN_IOS=1 KONAN_ARM64=1 \
   KONAN_HAS_CXX11_EXCEPTION_FUNCTIONS=1 KONAN_REPORT_BACKTRACE_TO_IOS_CRASH_LOG=1 MACHSIZE=64
 
 #  Apple's iOS simulator.
-targetToolchain.macos_x64-ios_x64 = target-toolchain-xcode_12_0-macos_x64
+targetToolchain.macos_x64-ios_x64 = target-toolchain-xcode_12_2-macos_x64
 dependencies.macos_x64-ios_x64 = \
   libffi-3.2.1-3-darwin-macos
 
-target-sysroot-xcode_12_0-ios_x64.default = \
+target-sysroot-xcode_12_2-ios_x64.default = \
   remote:internal
 
 arch.ios_x64 = x86_64
-targetSysRoot.ios_x64 = target-sysroot-xcode_12_0-ios_x64
+targetSysRoot.ios_x64 = target-sysroot-xcode_12_2-ios_x64
 targetCpu.ios_x64 = core2
 clangFlags.ios_x64 = -cc1 -emit-obj -disable-llvm-passes -x ir
 clangNooptFlags.ios_x64 = -O1
@@ -194,15 +194,15 @@ runtimeDefinitions.ios_x64 = KONAN_OBJC_INTEROP=1 KONAN_IOS=1 KONAN_X64=1 \
   KONAN_CORE_SYMBOLICATION=1 KONAN_HAS_CXX11_EXCEPTION_FUNCTIONS=1
 
 #  Apple's tvOS simulator.
-targetToolchain.macos_x64-tvos_x64 = target-toolchain-xcode_12_0-macos_x64
+targetToolchain.macos_x64-tvos_x64 = target-toolchain-xcode_12_2-macos_x64
 dependencies.macos_x64-tvos_x64 = \
   libffi-3.2.1-3-darwin-macos
 
-target-sysroot-xcode_12_0-tvos_x64.default = \
+target-sysroot-xcode_12_2-tvos_x64.default = \
   remote:internal
 
 arch.tvos_x64 = x86_64
-targetSysRoot.tvos_x64 = target-sysroot-xcode_12_0-tvos_x64
+targetSysRoot.tvos_x64 = target-sysroot-xcode_12_2-tvos_x64
 targetCpu.tvos_x64 = core2
 clangFlags.tvos_x64 = -cc1 -emit-obj -disable-llvm-passes -x ir
 clangNooptFlags.tvos_x64 = -O1
@@ -221,15 +221,15 @@ runtimeDefinitions.tvos_x64 = KONAN_OBJC_INTEROP=1 KONAN_TVOS=1 KONAN_X64=1 \
   KONAN_CORE_SYMBOLICATION=1 KONAN_HAS_CXX11_EXCEPTION_FUNCTIONS=1
 
 # Apple's 64-bit tvOS.
-targetToolchain.macos_x64-tvos_arm64 = target-toolchain-xcode_12_0-macos_x64
+targetToolchain.macos_x64-tvos_arm64 = target-toolchain-xcode_12_2-macos_x64
 dependencies.macos_x64-tvos_arm64 = \
   libffi-3.2.1-3-darwin-macos
 
-target-sysroot-xcode_12_0-tvos_arm64.default = \
+target-sysroot-xcode_12_2-tvos_arm64.default = \
   remote:internal
 
 arch.tvos_arm64 = arm64
-targetSysRoot.tvos_arm64 = target-sysroot-xcode_12_0-tvos_arm64
+targetSysRoot.tvos_arm64 = target-sysroot-xcode_12_2-tvos_arm64
 targetCpu.tvos_arm64 = cyclone
 clangFlags.tvos_arm64 = -cc1 -emit-obj -disable-llvm-passes -x ir
 clangNooptFlags.tvos_arm64 = -O1
@@ -248,15 +248,15 @@ runtimeDefinitions.tvos_arm64 = KONAN_OBJC_INTEROP=1 KONAN_TVOS=1 KONAN_ARM64=1
   KONAN_HAS_CXX11_EXCEPTION_FUNCTIONS=1 KONAN_REPORT_BACKTRACE_TO_IOS_CRASH_LOG=1 MACHSIZE=64
 
 # watchOS armv7k
-targetToolchain.macos_x64-watchos_arm32 = target-toolchain-xcode_12_0-macos_x64
+targetToolchain.macos_x64-watchos_arm32 = target-toolchain-xcode_12_2-macos_x64
 dependencies.macos_x64-watchos_arm32 = \
   libffi-3.2.1-3-darwin-macos
 
-target-sysroot-xcode_12_0-watchos_arm32.default = \
+target-sysroot-xcode_12_2-watchos_arm32.default = \
   remote:internal
 
 arch.watchos_arm32 = armv7k
-targetSysRoot.watchos_arm32 = target-sysroot-xcode_12_0-watchos_arm32
+targetSysRoot.watchos_arm32 = target-sysroot-xcode_12_2-watchos_arm32
 targetCpu.watchos_arm32 = cortex-a7
 clangFlags.watchos_arm32 = -cc1 -emit-obj -disable-llvm-passes -x ir
 clangNooptFlags.watchos_arm32 = -O1
@@ -277,15 +277,15 @@ runtimeDefinitions.watchos_arm32 = KONAN_OBJC_INTEROP=1 KONAN_WATCHOS KONAN_ARM3
   MACHSIZE=32 KONAN_NO_64BIT_ATOMIC=1 KONAN_NO_UNALIGNED_ACCESS=1
 
 # watchOS arm64_32
-targetToolchain.macos_x64-watchos_arm64 = target-toolchain-xcode_12_0-macos_x64
+targetToolchain.macos_x64-watchos_arm64 = target-toolchain-xcode_12_2-macos_x64
 dependencies.macos_x64-watchos_arm64 = \
   libffi-3.2.1-3-darwin-macos
 
-target-sysroot-xcode_12_0-watchos_arm64.default = \
+target-sysroot-xcode_12_2-watchos_arm64.default = \
   remote:internal
 
 arch.watchos_arm64 = arm64_32
-targetSysRoot.watchos_arm64 = target-sysroot-xcode_12_0-watchos_arm32
+targetSysRoot.watchos_arm64 = target-sysroot-xcode_12_2-watchos_arm32
 targetCpu.watchos_arm64 = cortex-a7
 clangFlags.watchos_arm64 = -cc1 -emit-obj -disable-llvm-passes -x ir -mllvm -aarch64-watch-bitcode-compatibility \
   -mllvm -arm-bitcode-compatibility -mllvm -fast-isel=false -mllvm -global-isel=false
@@ -307,15 +307,15 @@ runtimeDefinitions.watchos_arm64 = KONAN_OBJC_INTEROP=1 KONAN_WATCHOS KONAN_ARM3
   MACHSIZE=32 KONAN_NO_64BIT_ATOMIC=1 KONAN_NO_UNALIGNED_ACCESS=1
 
 #  Apple's watchOS i386 simulator.
-targetToolchain.macos_x64-watchos_x86 = target-toolchain-xcode_12_0-macos_x64
+targetToolchain.macos_x64-watchos_x86 = target-toolchain-xcode_12_2-macos_x64
 dependencies.macos_x64-watchos_x86 = \
   libffi-3.2.1-3-darwin-macos
 
-target-sysroot-xcode_12_0-watchos_x86.default = \
+target-sysroot-xcode_12_2-watchos_x86.default = \
   remote:internal
 
 arch.watchos_x86 = i386
-targetSysRoot.watchos_x86 = target-sysroot-xcode_12_0-watchos_x86
+targetSysRoot.watchos_x86 = target-sysroot-xcode_12_2-watchos_x86
 # -target-cpu pentium4 makes sure that code-generator knows which CPU flavour to emit code for.
 # Can be seen on optimized build and FP tests, where value is passed on stack
 # by Kotlin and taken from SSE registers by C code.
@@ -338,15 +338,15 @@ runtimeDefinitions.watchos_x86 = KONAN_OBJC_INTEROP=1 KONAN_WATCHOS=1 KONAN_NO_6
   KONAN_X86=1 KONAN_CORE_SYMBOLICATION=1 KONAN_HAS_CXX11_EXCEPTION_FUNCTIONS=1
 
 # watchOS x86_64 simulator.
-targetToolchain.macos_x64-watchos_x64 = target-toolchain-xcode_12_0-macos_x64
+targetToolchain.macos_x64-watchos_x64 = target-toolchain-xcode_12_2-macos_x64
 dependencies.macos_x64-watchos_x64 = \
   libffi-3.2.1-3-darwin-macos
 
-target-sysroot-xcode_12_0-watchos_x64.default = \
+target-sysroot-xcode_12_2-watchos_x64.default = \
   remote:internal
 
 arch.watchos_x64 = x86_64
-targetSysRoot.watchos_x64 = target-sysroot-xcode_12_0-watchos_x86
+targetSysRoot.watchos_x64 = target-sysroot-xcode_12_2-watchos_x86
 targetCpu.watchos_x64 = core2
 clangFlags.watchos_x64 = -cc1 -emit-obj -disable-llvm-passes -x ir -target-cpu $targetCpu.watchos_x64
 clangNooptFlags.watchos_x64 = -O1
diff --git a/kotlin-native/tools/scripts/update_xcode.sh b/kotlin-native/tools/scripts/update_xcode.sh
index ad275114af1..5952c7fe634 100755
--- a/kotlin-native/tools/scripts/update_xcode.sh
+++ b/kotlin-native/tools/scripts/update_xcode.sh
@@ -2,7 +2,7 @@
 set -e
 
 # "brew install coreutils" for grealpath.
-KONAN_TOOLCHAIN_VERSION=xcode_12_0
+KONAN_TOOLCHAIN_VERSION=xcode_12_2
 SDKS="macosx iphoneos iphonesimulator appletvos appletvsimulator watchos watchsimulator"
 TARBALL_macosx=target-sysroot-$KONAN_TOOLCHAIN_VERSION-macos_x64
 TARBALL_iphoneos=target-sysroot-$KONAN_TOOLCHAIN_VERSION-ios_arm64