diff --git a/esphome/components/esp32/__init__.py b/esphome/components/esp32/__init__.py
index 5d74838daa..8f46567266 100644
--- a/esphome/components/esp32/__init__.py
+++ b/esphome/components/esp32/__init__.py
@@ -227,7 +227,7 @@ ARDUINO_PLATFORM_VERSION = cv.Version(5, 4, 0)
 # The default/recommended esp-idf framework version
 #  - https://github.com/espressif/esp-idf/releases
 #  - https://api.registry.platformio.org/v3/packages/platformio/tool/framework-espidf
-RECOMMENDED_ESP_IDF_FRAMEWORK_VERSION = cv.Version(4, 4, 6)
+RECOMMENDED_ESP_IDF_FRAMEWORK_VERSION = cv.Version(4, 4, 7)
 # The platformio/espressif32 version to use for esp-idf frameworks
 #  - https://github.com/platformio/platform-espressif32/releases
 #  - https://api.registry.platformio.org/v3/packages/platformio/platform/espressif32
diff --git a/platformio.ini b/platformio.ini
index e699057fa3..d342b32b02 100644
--- a/platformio.ini
+++ b/platformio.ini
@@ -137,7 +137,7 @@ extra_scripts = post:esphome/components/esp32/post_build.py.script
 extends = common:idf
 platform = platformio/espressif32@5.4.0
 platform_packages =
-    platformio/framework-espidf@~3.40406.0
+    platformio/framework-espidf@~3.40407.0
 
 framework = espidf
 lib_deps =