diff --git a/Library/Homebrew/upgrade.rb b/Library/Homebrew/upgrade.rb
index 82f258eee4..9eb4d981d3 100644
--- a/Library/Homebrew/upgrade.rb
+++ b/Library/Homebrew/upgrade.rb
@@ -186,6 +186,9 @@ module Homebrew
 
       upgrade_formulae(upgradeable_dependents, args: args)
 
+      # Refresh installed formulae after upgrading
+      installed_formulae = FormulaInstaller.installed.to_a
+
       # Assess the dependents tree again now we've upgraded.
       oh1 "Checking for dependents of upgraded formulae..." unless args.dry_run?
       broken_dependents = check_broken_dependents(installed_formulae)