diff --git a/package.json b/package.json
index 3d7f25cd4a1e..d20bc2dc9137 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@angular/devkit-repo",
-  "version": "11.1.0-next.1",
+  "version": "11.1.0-next.2",
   "private": true,
   "description": "Software Development Kit for Angular",
   "bin": {
diff --git a/packages/schematics/angular/utility/latest-versions.ts b/packages/schematics/angular/utility/latest-versions.ts
index 4c907947e567..f61fe5931c67 100644
--- a/packages/schematics/angular/utility/latest-versions.ts
+++ b/packages/schematics/angular/utility/latest-versions.ts
@@ -8,7 +8,7 @@
 
 export const latestVersions = {
   // These versions should be kept up to date with latest Angular peer dependencies.
-  Angular: '~11.1.0-next.1',
+  Angular: '~11.1.0-next.2',
   RxJs: '~6.6.0',
   ZoneJs: '~0.11.3',
   TypeScript: '~4.1.2',
@@ -18,9 +18,9 @@ export const latestVersions = {
   // For our e2e tests, these versions must match the latest tag present on the branch.
   // During RC periods they will not match the latest RC until there's a new git tag, and
   // should not be updated.
-  DevkitBuildAngular: '~0.1101.0-next.1',
-  DevkitBuildNgPackagr: '~0.1101.0-next.1',
-  DevkitBuildWebpack: '~0.1101.0-next.1',
+  DevkitBuildAngular: '~0.1101.0-next.2',
+  DevkitBuildNgPackagr: '~0.1101.0-next.2',
+  DevkitBuildWebpack: '~0.1101.0-next.2',
 
   ngPackagr: '^11.0.0',
 };