diff --git a/binder/environment.yml b/binder/environment.yml
index 310a9310501..77125c43e58 100644
--- a/binder/environment.yml
+++ b/binder/environment.yml
@@ -46,7 +46,7 @@ dependencies:
 - rtree >=0.9.7
 - setuptools >=49.6.0
 - sphinx >=0.6.6
-- spyder-kernels >=3.0.0b3,<3.0.0b4
+- spyder-kernels >=3.0.0b4,<3.0.0b5
 - superqt >=0.6.1,<1.0.0
 - textdistance >=4.2.0
 - three-merge >=0.1.1
diff --git a/external-deps/spyder-kernels/.gitrepo b/external-deps/spyder-kernels/.gitrepo
index 156bcbd6d64..a9d8a35c668 100644
--- a/external-deps/spyder-kernels/.gitrepo
+++ b/external-deps/spyder-kernels/.gitrepo
@@ -6,7 +6,7 @@
 [subrepo]
 	remote = https://github.com/spyder-ide/spyder-kernels.git
 	branch = master
-	commit = 66576a716f1dc0282ff3dc26ba5ce7c43ede852c
-	parent = 5fca910e11f69b1dc83f8d249c3a28b1b99ca3d6
+	commit = d0b6a86831cf2ed8349b8b19d749530019492fb6
+	parent = 3a5a0fbaabd3273d111e288f5ecf51c72bbc5e93
 	method = merge
-	cmdver = 0.4.6
+	cmdver = 0.4.3
diff --git a/external-deps/spyder-kernels/CHANGELOG.md b/external-deps/spyder-kernels/CHANGELOG.md
index ee8df8f0fe4..d22d1ea36fb 100644
--- a/external-deps/spyder-kernels/CHANGELOG.md
+++ b/external-deps/spyder-kernels/CHANGELOG.md
@@ -1,5 +1,17 @@
 # History of changes
 
+## Version 3.0.0b4 (2024-02-08)
+
+### Pull Requests Merged
+
+* [PR 477](https://github.com/spyder-ide/spyder-kernels/pull/477) - PR: Handle new Inline backend options `fontsize` and `bottom`, by [@jitseniesen](https://github.com/jitseniesen)
+
+In this release 1 pull request was closed.
+
+
+----
+
+
 ## Version 3.0.0b3 (2023-12-18)
 
 ### Pull Requests Merged
diff --git a/requirements/main.yml b/requirements/main.yml
index 36a6bbfb498..f9cc96169ba 100644
--- a/requirements/main.yml
+++ b/requirements/main.yml
@@ -42,7 +42,7 @@ dependencies:
   - rtree >=0.9.7
   - setuptools >=49.6.0
   - sphinx >=0.6.6
-  - spyder-kernels >=3.0.0b3,<3.0.0b4
+  - spyder-kernels >=3.0.0b4,<3.0.0b5
   - superqt >=0.6.1,<1.0.0
   - textdistance >=4.2.0
   - three-merge >=0.1.1
diff --git a/setup.py b/setup.py
index 034b7d8464a..9d6a10cb0b1 100644
--- a/setup.py
+++ b/setup.py
@@ -243,7 +243,7 @@ def run(self):
     'rtree>=0.9.7',
     'setuptools>=49.6.0',
     'sphinx>=0.6.6',
-    'spyder-kernels>=3.0.0b3,<3.0.0b4',
+    'spyder-kernels>=3.0.0b4,<3.0.0b5',
     'superqt>=0.6.1,<1.0.0',
     'textdistance>=4.2.0',
     'three-merge>=0.1.1',
@@ -257,7 +257,7 @@ def run(self):
                         if req.split(">")[0] not in reqs_to_loosen]
     install_requires.append('python-lsp-server[all]>=1.10.0,<1.12.0')
     install_requires.append('qtconsole>=5.5.1,<5.7.0')
-    install_requires.append('spyder-kernels>=3.0.0b3,<3.1.0')
+    install_requires.append('spyder-kernels>=3.0.0b4,<3.1.0')
 
 extras_require = {
     'test:platform_system == "Windows"': ['pywin32'],
diff --git a/spyder/dependencies.py b/spyder/dependencies.py
index 881daf3537e..494a8351bb7 100644
--- a/spyder/dependencies.py
+++ b/spyder/dependencies.py
@@ -70,7 +70,7 @@
 RTREE_REQVER = '>=0.9.7'
 SETUPTOOLS_REQVER = '>=49.6.0'
 SPHINX_REQVER = '>=0.6.6'
-SPYDER_KERNELS_REQVER = '>=3.0.0b3,<3.0.0b4'
+SPYDER_KERNELS_REQVER = '>=3.0.0b4,<3.0.0b5'
 SUPERQT_REQVER = '>=0.6.1,<1.0.0'
 TEXTDISTANCE_REQVER = '>=4.2.0'
 THREE_MERGE_REQVER = '>=0.1.1'
diff --git a/spyder/plugins/ipythonconsole/__init__.py b/spyder/plugins/ipythonconsole/__init__.py
index 6d13a9d5e30..1238f14068f 100644
--- a/spyder/plugins/ipythonconsole/__init__.py
+++ b/spyder/plugins/ipythonconsole/__init__.py
@@ -20,24 +20,30 @@
 
 # Required version of Spyder-kernels
 SPYDER_KERNELS_MIN_VERSION = (
-    '3.0.0b3' if not running_under_pytest() else '3.0.0.dev0')
+    '3.0.0b4' if not running_under_pytest() else '3.0.0.dev0'
+)
 SPYDER_KERNELS_MAX_VERSION = (
-    '3.0.0b4' if not running_under_pytest() else '4.0.0')
+    '3.0.0b5' if not running_under_pytest() else '4.0.0'
+)
 SPYDER_KERNELS_VERSION = (
-    f'>={SPYDER_KERNELS_MIN_VERSION},<{SPYDER_KERNELS_MAX_VERSION}')
+    f'>={SPYDER_KERNELS_MIN_VERSION},<{SPYDER_KERNELS_MAX_VERSION}'
+)
 
 if is_stable_version(SPYDER_KERNELS_MIN_VERSION):
     SPYDER_KERNELS_CONDA = (
-        f'conda install spyder{_d}kernels={SPYDER_KERNELS_MIN_VERSION[:-2]}')
+        f'conda install spyder{_d}kernels={SPYDER_KERNELS_MIN_VERSION[:-2]}'
+    )
     SPYDER_KERNELS_PIP = (
-        f'pip install spyder{_d}kernels=={SPYDER_KERNELS_MIN_VERSION[:-1]}*')
+        f'pip install spyder{_d}kernels=={SPYDER_KERNELS_MIN_VERSION[:-1]}*'
+    )
 else:
     SPYDER_KERNELS_CONDA = (
         f'conda install {_d}c conda{_d}forge/label/spyder_kernels_rc {_d}c '
         f'conda{_d}forge spyder{_d}kernels={SPYDER_KERNELS_MIN_VERSION}'
     )
     SPYDER_KERNELS_PIP = (
-        f'pip install spyder{_d}kernels=={SPYDER_KERNELS_MIN_VERSION}')
+        f'pip install spyder{_d}kernels=={SPYDER_KERNELS_MIN_VERSION}'
+    )
 
 
 class SpyderKernelError(RuntimeError):