diff --git a/west.yml b/west.yml
index d3f5eda01296..8ca8aec83ad7 100644
--- a/west.yml
+++ b/west.yml
@@ -72,7 +72,7 @@ manifest:
     # https://developer.nordicsemi.com/nRF_Connect_SDK/doc/latest/zephyr/guides/modules.html
     - name: zephyr
       repo-path: sdk-zephyr
-      revision: adcffa835a8eabda9e9e1ac5dc59597b2ea67747
+      revision: v3.7.99-ncs1-rc1
       import:
         # In addition to the zephyr repository itself, NCS also
         # imports the contents of zephyr/west.yml at the above
@@ -132,7 +132,7 @@ manifest:
           compare-by-default: true
     - name: mcuboot
       repo-path: sdk-mcuboot
-      revision: 0ab75e06ed7ce5ffc7b2790dfa2756180cb04abf
+      revision: v2.1.0-ncs2-rc1
       path: bootloader/mcuboot
     - name: qcbor
       url: https://github.com/laurencelundblade/QCBOR
@@ -141,7 +141,7 @@ manifest:
     - name: mbedtls
       path: modules/crypto/mbedtls
       repo-path: sdk-mbedtls
-      revision: 98603a8c91660beac00e0ee1d76198fb7c4ed29b
+      revision: v3.6.2-ncs1-rc1
     - name: oberon-psa-crypto
       path: modules/crypto/oberon-psa-crypto
       repo-path: sdk-oberon-psa-crypto
@@ -149,11 +149,11 @@ manifest:
     - name: nrfxlib
       repo-path: sdk-nrfxlib
       path: nrfxlib
-      revision: d5d7c4556dd279f6117eac47fbc8038e0b5f7f02
+      revision: v2.8.0-rc1
     - name: trusted-firmware-m
       repo-path: sdk-trusted-firmware-m
       path: modules/tee/tf-m/trusted-firmware-m
-      revision: 8c7fae3936da02b7db4f5c8aba174b252a2b326e
+      revision: v2.1.1-ncs1-rc1
     - name: psa-arch-tests
       repo-path: sdk-psa-arch-tests
       path: modules/tee/tf-m/psa-arch-tests
@@ -161,7 +161,7 @@ manifest:
     - name: matter
       repo-path: sdk-connectedhomeip
       path: modules/lib/matter
-      revision: 5580536ab0013db53ef7e0607638e1943400e5ae
+      revision: v2.8.0-rc1
       west-commands: scripts/west/west-commands.yml
       submodules:
         - name: nlio
@@ -182,7 +182,7 @@ manifest:
     - name: nrf-802154
       repo-path: sdk-nrf-802154
       path: nrf-802154
-      revision: f6b4290ab51c02526de43b06b18d2c253251c198
+      revision: v2.8.0-rc1
       groups:
         - nrf-802154
     - name: soc-hwmv1
@@ -210,12 +210,12 @@ manifest:
           compare-by-default: false
     - name: sidewalk
       repo-path: sdk-sidewalk
-      revision: f86b62159d1f1055cd3c94dc010c2924d2fc47fa
+      revision: v2.8.0-rc1
       groups:
         - sidewalk
     - name: find-my
       repo-path: sdk-find-my
-      revision: bfbe922a18fbd145a6d49e148b760698b89508fc
+      revision: v2.8.0-rc1
       groups:
         - find-my
     - name: azure-sdk-for-c
@@ -246,10 +246,10 @@ manifest:
           upstream-sha: c6eaeda5a1c1c5dbb24dce7e027340cb8893a77b
           compare-by-default: false
     - name: suit-generator
-      revision: 6d31d4f4c761b8fb7c6dc5c8a3c09bd354943957
+      revision: v2.8.0-rc1
       path: modules/lib/suit-generator
     - name: suit-processor
-      revision: 7d94614168540359651391e64aa4de6515e43fca
+      revision: v2.8.0-rc1
       path: modules/lib/suit-processor
     - name: doc-internal
       repo-path: doc-internal