diff --git a/gnu/local.mk b/gnu/local.mk
index 7f1006010b..e7a8298764 100644
--- a/gnu/local.mk
+++ b/gnu/local.mk
@@ -1119,6 +1119,7 @@ dist_patch_DATA =						\
   %D%/packages/patches/eigen-fix-strict-aliasing-bug.patch	\
   %D%/packages/patches/einstein-build.patch			\
   %D%/packages/patches/elfutils-tests-ptrace.patch		\
+  %D%/packages/patches/elixir-1.16-iex-tests.patch		\
   %D%/packages/patches/elixir-path-length.patch			\
   %D%/packages/patches/elm-ghc9.2.patch	\
   %D%/packages/patches/elm-offline-package-registry.patch	\
diff --git a/gnu/packages/elixir.scm b/gnu/packages/elixir.scm
index 2885ddbd61..6aace1c01e 100644
--- a/gnu/packages/elixir.scm
+++ b/gnu/packages/elixir.scm
@@ -9,6 +9,7 @@
 ;;; Copyright © 2021 Cees de Groot <cg@evrl.com>
 ;;; Copyright © 2024 Andrew Tropin <andrew@trop.in>
 ;;; Copyright © 2024 Ivan Sokolov <ivan-p-sokolov@ya.ru>
+;;; Copyright © 2024 Leo Nikkilä <hello@lnikki.la>
 ;;;
 ;;; This file is part of GNU Guix.
 ;;;
@@ -39,7 +40,7 @@ (define-module (gnu packages elixir)
 (define-public elixir
   (package
     (name "elixir")
-    (version "1.14.0")
+    (version "1.16.2")
     (source
      (origin
        (method git-fetch)
@@ -48,8 +49,11 @@ (define-public elixir
              (commit (string-append "v" version))))
        (file-name (git-file-name name version))
        (sha256
-        (base32 "16rc4qaykddda6ax5f8zw70yhapgwraqbgx5gp3f40dvfax3d51l"))
-       (patches (search-patches "elixir-path-length.patch"))))
+        (base32 "145lwbwpyj686rq3xkzg4i07v0z8x2j185aa2lvyj5ppzv2ihiim"))
+       (patches (search-patches "elixir-path-length.patch"
+                                ;; This patch has been merged and should
+                                ;; be included in the next version.
+                                "elixir-1.16-iex-tests.patch"))))
     (build-system gnu-build-system)
     (arguments
      (list
diff --git a/gnu/packages/patches/elixir-1.16-iex-tests.patch b/gnu/packages/patches/elixir-1.16-iex-tests.patch
new file mode 100644
index 0000000000..d190036764
--- /dev/null
+++ b/gnu/packages/patches/elixir-1.16-iex-tests.patch
@@ -0,0 +1,88 @@
+From d17df054e21795637d5d265e3e37c4791404e6b2 Mon Sep 17 00:00:00 2001
+From: =?UTF-8?q?Jos=C3=A9=20Valim?= <jose.valim@dashbit.co>
+Date: Thu, 8 Feb 2024 08:08:03 +0100
+Subject: [PATCH] Skip tests if Erlang was compiled without docs, closes #13322
+
+---
+ lib/iex/test/iex/helpers_test.exs | 12 +++++++++---
+ lib/iex/test/test_helper.exs      | 10 +++++++++-
+ 2 files changed, 18 insertions(+), 4 deletions(-)
+
+diff --git a/lib/iex/test/iex/helpers_test.exs b/lib/iex/test/iex/helpers_test.exs
+index 18b19ddce56..56e8c014450 100644
+--- a/lib/iex/test/iex/helpers_test.exs
++++ b/lib/iex/test/iex/helpers_test.exs
+@@ -332,17 +332,20 @@ defmodule IEx.HelpersTest do
+       assert help =~ "Welcome to Interactive Elixir"
+     end
+ 
++    @tag :erlang_doc
+     test "prints Erlang module documentation" do
+       captured = capture_io(fn -> h(:timer) end)
+       assert captured =~ "This module provides useful functions related to time."
+     end
+ 
++    @tag :erlang_doc
+     test "prints Erlang module function specs" do
+       captured = capture_io(fn -> h(:timer.sleep() / 1) end)
+       assert captured =~ ":timer.sleep/1"
+       assert captured =~ "-spec sleep(Time) -> ok when Time :: timeout()."
+     end
+ 
++    @tag :erlang_doc
+     test "handles non-existing Erlang module function" do
+       captured = capture_io(fn -> h(:timer.baz() / 1) end)
+       assert captured =~ "No documentation for :timer.baz was found"
+@@ -1008,13 +1011,15 @@ defmodule IEx.HelpersTest do
+       cleanup_modules([TypeSample])
+     end
+ 
+-    test "prints all types in erlang module" do
++    @tag :erlang_doc
++    test "prints all types in Erlang module" do
+       captured = capture_io(fn -> t(:queue) end)
+       assert captured =~ "-type queue() :: queue(_)"
+       assert captured =~ "-opaque queue(Item)"
+     end
+ 
+-    test "prints single type from erlang module" do
++    @tag :erlang_doc
++    test "prints single type from Erlang module" do
+       captured = capture_io(fn -> t(:erlang.iovec()) end)
+       assert captured =~ "-type iovec() :: [binary()]"
+       assert captured =~ "A list of binaries."
+@@ -1024,7 +1029,8 @@ defmodule IEx.HelpersTest do
+       assert captured =~ "A list of binaries."
+     end
+ 
+-    test "handles non-existing types from erlang module" do
++    @tag :erlang_doc
++    test "handles non-existing types from Erlang module" do
+       captured = capture_io(fn -> t(:erlang.foo()) end)
+       assert captured =~ "No type information for :erlang.foo was found or :erlang.foo is private"
+ 
+diff --git a/lib/iex/test/test_helper.exs b/lib/iex/test/test_helper.exs
+index f5a55f0aa80..b32c8be4e91 100644
+--- a/lib/iex/test/test_helper.exs
++++ b/lib/iex/test/test_helper.exs
+@@ -7,11 +7,19 @@ IEx.configure(colors: [enabled: false])
+ {line_exclude, line_include} =
+   if line = System.get_env("LINE"), do: {[:test], [line: line]}, else: {[], []}
+ 
++erlang_doc_exclude =
++  if match?({:docs_v1, _, _, _, _, _, _}, Code.fetch_docs(:array)) do
++    []
++  else
++    IO.puts("Erlang/OTP compiled without docs, some tests are excluded...")
++    [:erlang_doc]
++  end
++
+ ExUnit.start(
+   assert_receive_timeout: assert_timeout,
+   trace: !!System.get_env("TRACE"),
+   include: line_include,
+-  exclude: line_exclude
++  exclude: line_exclude ++ erlang_doc_exclude
+ )
+ 
+ defmodule IEx.Case do
