diff --git a/components/esp_modem/.cz.yaml b/components/esp_modem/.cz.yaml
index ea48ef1c9..efc71f036 100644
--- a/components/esp_modem/.cz.yaml
+++ b/components/esp_modem/.cz.yaml
@@ -3,6 +3,6 @@ commitizen:
   bump_message: 'bump(modem): $current_version -> $new_version'
   pre_bump_hooks: python ../../ci/changelog.py esp_modem
   tag_format: modem-v$version
-  version: 1.0.3
+  version: 1.0.4
   version_files:
   - idf_component.yml
diff --git a/components/esp_modem/CHANGELOG.md b/components/esp_modem/CHANGELOG.md
index 4f1655577..73f3ae849 100644
--- a/components/esp_modem/CHANGELOG.md
+++ b/components/esp_modem/CHANGELOG.md
@@ -1,5 +1,16 @@
 # Changelog
 
+## [1.0.4](https://github.com/espressif/esp-protocols/commits/modem-v1.0.4)
+
+### Bug Fixes
+
+- Added USB runner with ESP32S2 with A7670 ([edeb936](https://github.com/espressif/esp-protocols/commit/edeb936))
+- Extend docs on AT client example ([1f2ceed](https://github.com/espressif/esp-protocols/commit/1f2ceed))
+- Fix pytest exclusion, gitignore, and changelog checks ([2696221](https://github.com/espressif/esp-protocols/commit/2696221))
+- Fix DTE to post fragments to parsers for USB term ([1db1e15](https://github.com/espressif/esp-protocols/commit/1db1e15))
+- Fix DUAL_MODE regression from cb6e03ac ([2aada0f](https://github.com/espressif/esp-protocols/commit/2aada0f))
+- Fix AT client example to use custom AT processing ([1a5ba98](https://github.com/espressif/esp-protocols/commit/1a5ba98), [#352](https://github.com/espressif/esp-protocols/issues/352))
+
 ## [1.0.3](https://github.com/espressif/esp-protocols/commits/modem-v1.0.3)
 
 ### Bug Fixes
diff --git a/components/esp_modem/idf_component.yml b/components/esp_modem/idf_component.yml
index 11e2e66e8..85350d528 100644
--- a/components/esp_modem/idf_component.yml
+++ b/components/esp_modem/idf_component.yml
@@ -1,4 +1,4 @@
-version: "1.0.3"
+version: "1.0.4"
 description: esp modem
 url: https://github.com/espressif/esp-protocols/tree/master/components/esp_modem
 dependencies: