diff --git a/math/py-lmfit/Makefile b/math/py-lmfit/Makefile
index cf5eed218508..681a1ae1d7bb 100644
--- a/math/py-lmfit/Makefile
+++ b/math/py-lmfit/Makefile
@@ -1,31 +1,33 @@
 PORTNAME=	lmfit
-DISTVERSION=	1.2.0
-PORTREVISION=	2
+DISTVERSION=	1.2.1
 CATEGORIES=	math
 MASTER_SITES=	PYPI
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
 MAINTAINER=	yuri@FreeBSD.org
 COMMENT=	Least-squares Minimization with bounds and constraints
 WWW=		https://lmfit.github.io/lmfit-py/
 
 LICENSE=	BSD3CLAUSE
 LICENSE_FILE=	${WRKSRC}/LICENSE
 
-PY_DEPENDS=	${PYTHON_PKGNAMEPREFIX}asteval>=0.9.22:devel/py-asteval@${PY_FLAVOR} \
+PY_DEPENDS=	${PYTHON_PKGNAMEPREFIX}asteval>=0.9.28:devel/py-asteval@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}dill>0:devel/py-dill@${PY_FLAVOR} \
 		${PYNUMPY} \
-		${PYTHON_PKGNAMEPREFIX}scipy>=1.4:science/py-scipy@${PY_FLAVOR} \
-		${PYTHON_PKGNAMEPREFIX}uncertainties>=3.0.1:math/py-uncertainties@${PY_FLAVOR}
+		${PYTHON_PKGNAMEPREFIX}scipy>=1.6:science/py-scipy@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}uncertainties>=3.1.4:math/py-uncertainties@${PY_FLAVOR}
 BUILD_DEPENDS=	${PYTHON_PKGNAMEPREFIX}setuptools_scm>0:devel/py-setuptools_scm@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}wheel>0:devel/py-wheel@${PY_FLAVOR} \
 		${PY_DEPENDS}
 RUN_DEPENDS=	${PY_DEPENDS}
-TEST_DEPENDS=	${PYTHON_PKGNAMEPREFIX}numdifftools>0:math/py-numdifftools@${PY_FLAVOR}
+TEST_DEPENDS=	${PYTHON_PKGNAMEPREFIX}coverage>0:devel/py-coverage@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}flaky>0:devel/py-flaky@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}numdifftools>0:math/py-numdifftools@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}pytest-cov>0:devel/py-pytest-cov@${PY_FLAVOR} \
 
 USES=		python:3.6+
-USE_PYTHON=	pep517 autoplist pytest # 1 test fails, see https://github.com/lmfit/lmfit-py/issues/861
+USE_PYTHON=	pep517 autoplist pytest
 
 NO_ARCH=	yes
 
 .include <bsd.port.mk>
diff --git a/math/py-lmfit/distinfo b/math/py-lmfit/distinfo
index 9faeb6ec3b5b..43e380c78276 100644
--- a/math/py-lmfit/distinfo
+++ b/math/py-lmfit/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1681058140
-SHA256 (lmfit-1.2.0.tar.gz) = bc1bb6ea1dfea1db0489e400ca6b722f261f12a324a703b6e614877ca6ed0d38
-SIZE (lmfit-1.2.0.tar.gz) = 321357
+TIMESTAMP = 1687333526
+SHA256 (lmfit-1.2.1.tar.gz) = 00cef5bd145bf81b73630b78926af24b24f1805421e6211ca585588aa7cc415b
+SIZE (lmfit-1.2.1.tar.gz) = 329039