diff --git a/packages/react-native/Libraries/Core/ReactNativeVersion.js b/packages/react-native/Libraries/Core/ReactNativeVersion.js
index bc7b1eac3a07d7..3425253f075e49 100644
--- a/packages/react-native/Libraries/Core/ReactNativeVersion.js
+++ b/packages/react-native/Libraries/Core/ReactNativeVersion.js
@@ -17,7 +17,7 @@ const version: $ReadOnly<{
   major: 0,
   minor: 74,
   patch: 0,
-  prerelease: 'rc.1',
+  prerelease: 'rc.2',
 };
 
 module.exports = {version};
diff --git a/packages/react-native/React/Base/RCTVersion.m b/packages/react-native/React/Base/RCTVersion.m
index 26251392bb488e..149b01113f1dc1 100644
--- a/packages/react-native/React/Base/RCTVersion.m
+++ b/packages/react-native/React/Base/RCTVersion.m
@@ -24,7 +24,7 @@
                   RCTVersionMajor: @(0),
                   RCTVersionMinor: @(74),
                   RCTVersionPatch: @(0),
-                  RCTVersionPrerelease: @"rc.1",
+                  RCTVersionPrerelease: @"rc.2",
                   };
   });
   return __rnVersion;
diff --git a/packages/react-native/ReactAndroid/gradle.properties b/packages/react-native/ReactAndroid/gradle.properties
index a46dd32ac1b4af..e3d9e080228a7b 100644
--- a/packages/react-native/ReactAndroid/gradle.properties
+++ b/packages/react-native/ReactAndroid/gradle.properties
@@ -1,4 +1,4 @@
-VERSION_NAME=0.74.0-rc.1
+VERSION_NAME=0.74.0-rc.2
 react.internal.publishingGroup=com.facebook.react
 
 android.useAndroidX=true
diff --git a/packages/react-native/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java b/packages/react-native/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
index 4964a76ca70d36..7442d92abde73e 100644
--- a/packages/react-native/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
+++ b/packages/react-native/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
@@ -18,5 +18,5 @@ public class ReactNativeVersion {
       "major", 0,
       "minor", 74,
       "patch", 0,
-      "prerelease", "rc.1");
+      "prerelease", "rc.2");
 }
diff --git a/packages/react-native/ReactCommon/cxxreact/ReactNativeVersion.h b/packages/react-native/ReactCommon/cxxreact/ReactNativeVersion.h
index 0ca3ec48b5892c..b091d36f9a66cc 100644
--- a/packages/react-native/ReactCommon/cxxreact/ReactNativeVersion.h
+++ b/packages/react-native/ReactCommon/cxxreact/ReactNativeVersion.h
@@ -18,7 +18,7 @@ constexpr struct {
   int32_t Major = 0;
   int32_t Minor = 74;
   int32_t Patch = 0;
-  std::string_view Prerelease = "rc.1";
+  std::string_view Prerelease = "rc.2";
 } ReactNativeVersion;
 
 } // namespace facebook::react
diff --git a/packages/react-native/package.json b/packages/react-native/package.json
index a7f876b394bf32..b9629c72072b20 100644
--- a/packages/react-native/package.json
+++ b/packages/react-native/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native",
-  "version": "0.74.0-rc.1",
+  "version": "0.74.0-rc.2",
   "description": "A framework for building native apps using React",
   "license": "MIT",
   "repository": {
@@ -153,4 +153,4 @@
       }
     ]
   }
-}
+}
\ No newline at end of file
diff --git a/packages/react-native/template/package.json b/packages/react-native/template/package.json
index cf89c897530590..a618ba8758d80f 100644
--- a/packages/react-native/template/package.json
+++ b/packages/react-native/template/package.json
@@ -11,7 +11,7 @@
   },
   "dependencies": {
     "react": "18.2.0",
-    "react-native": "0.74.0-rc.1"
+    "react-native": "0.74.0-rc.2"
   },
   "devDependencies": {
     "@babel/core": "^7.20.0",