diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 1b2c503001..86d8e56269 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.134.5"
+  ".": "0.134.6"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2d9ce70fc2..0efd9533de 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,14 @@
 # Changelog
 
+## [0.134.6](https://github.com/chio-labs/sqlbuild/compare/v0.134.5...v0.134.6) (2026-10-06)
+
+
+### Performance Improvements
+
+* **compile:** analyze models as soon as their producers finish ([#953](https://github.com/chio-labs/sqlbuild/issues/953)) ([84b50fb](https://github.com/chio-labs/sqlbuild/commit/84b50fb7fa43b0cfb20bcda60ad6b1980f1483f9))
+* **compile:** batch analysis preparation normalization ([#957](https://github.com/chio-labs/sqlbuild/issues/957)) ([9a98b2f](https://github.com/chio-labs/sqlbuild/commit/9a98b2f5aa66fdd9e99397c0e83e2f2384776364))
+* **compile:** reuse unaffected model renders after model-only edits ([#955](https://github.com/chio-labs/sqlbuild/issues/955)) ([d576523](https://github.com/chio-labs/sqlbuild/commit/d576523acb0620e5b278db1ae70d775d3cdf15ec))
+
 ## [0.134.5](https://github.com/chio-labs/sqlbuild/compare/v0.134.4...v0.134.5) (2026-10-05)
 
 
diff --git a/Cargo.lock b/Cargo.lock
index 134336b35e..50cc08e9c0 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -617,7 +617,7 @@ checksum = "f8fadd59c855ef2080decdef8ff161eb6661b86933c9d82e5ba29dc602a55aba"
 
 [[package]]
 name = "sqlbuild-rules-native"
-version = "0.134.5"
+version = "0.134.6"
 dependencies = [
  "fensu-policy",
  "globset",
diff --git a/crates/sqlbuild-rules-native/Cargo.toml b/crates/sqlbuild-rules-native/Cargo.toml
index e1db508acc..f8f15d62f2 100644
--- a/crates/sqlbuild-rules-native/Cargo.toml
+++ b/crates/sqlbuild-rules-native/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "sqlbuild-rules-native"
-version = "0.134.5"
+version = "0.134.6"
 edition.workspace = true
 license.workspace = true
 publish.workspace = true
diff --git a/pyproject.toml b/pyproject.toml
index 3c6c7ebbb0..63679a862e 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -7,7 +7,7 @@ build-backend = "maturin"
 
 [project]
 name = "sqlbuild"
-version = "0.134.5"
+version = "0.134.6"
 description = "Typed, test-first SQL pipelines with local E2E testing"
 readme = "README.md"
 requires-python = ">=3.12"
diff --git a/uv.lock b/uv.lock
index 0bbe3fb9da..11a1034a40 100644
--- a/uv.lock
+++ b/uv.lock
@@ -4137,7 +4137,7 @@ wheels = [
 
 [[package]]
 name = "sqlbuild"
-version = "0.134.5"
+version = "0.134.6"
 source = { editable = "." }
 dependencies = [
     { name = "duckdb" },