diff --git a/payloads/external/iPXE/Kconfig b/payloads/external/iPXE/Kconfig
index ce0a7aea14..f99182c908 100644
--- a/payloads/external/iPXE/Kconfig
+++ b/payloads/external/iPXE/Kconfig
@@ -42,12 +42,12 @@ choice
 	depends on BUILD_IPXE
 
 config IPXE_STABLE
-	bool "2017.3"
+	bool "2019.3"
 	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 March, 2017.
+	  This is iPXE from the end of March, 2019.
 
 config IPXE_MASTER
 	bool "master"
diff --git a/payloads/external/iPXE/Makefile b/payloads/external/iPXE/Makefile
index a8b1245ca5..3a0585fc78 100644
--- a/payloads/external/iPXE/Makefile
+++ b/payloads/external/iPXE/Makefile
@@ -13,9 +13,9 @@
 ## GNU General Public License for more details.
 ##
 
-# 2017.3 - Last commit of March 2017
+# 2019.3 - Last commit of March 2019
 # When updating, change the name both here and in payloads/external/iPXE/Kconfig
-STABLE_COMMIT_ID=fd6d1f4660a37d75acba1c64e2e5f137307bbc31
+STABLE_COMMIT_ID=ebf2eaf515e46abd43bc798e7e4ba77bfe529218
 
 TAG-$(CONFIG_IPXE_MASTER)=origin/master
 TAG-$(CONFIG_IPXE_STABLE)=$(STABLE_COMMIT_ID)