diff --git a/payloads/external/iPXE/Kconfig b/payloads/external/iPXE/Kconfig
index 14f8898f4e..31686c8916 100644
--- a/payloads/external/iPXE/Kconfig
+++ b/payloads/external/iPXE/Kconfig
@@ -53,15 +53,15 @@ if BUILD_IPXE
 
 choice
 	prompt "iPXE version"
-	default IPXE_MASTER
+	default IPXE_STABLE
 
 config IPXE_STABLE
-	bool "2022.1"
+	bool "2025.12"
 	help
 	  iPXE uses a rolling release with no stable version, for
 	  reproducibility, use the last commit of a given month as the
 	  'stable' version.
-	  This is iPXE from the end of January, 2022.
+	  This is iPXE from the end of December, 2025.
 
 config IPXE_MASTER
 	bool "master"
diff --git a/payloads/external/iPXE/Makefile b/payloads/external/iPXE/Makefile
index a58d5f79ce..284d4275b4 100644
--- a/payloads/external/iPXE/Makefile
+++ b/payloads/external/iPXE/Makefile
@@ -2,7 +2,7 @@
 
 # 2022.1 - Last commit of January 2022
 # When updating, change the name both here and in payloads/external/iPXE/Kconfig
-STABLE_COMMIT_ID=6ba671acd922ee046b257c5119b8a0f64d275473
+STABLE_COMMIT_ID=7c39c04a537ce29dccc6f2bae9749d1d371429c1
 
 TAG-$(CONFIG_IPXE_MASTER)=origin/master
 TAG-$(CONFIG_IPXE_STABLE)=$(STABLE_COMMIT_ID)