diff --git a/examples/esbuild/WORKSPACE b/examples/esbuild/WORKSPACE
index 92e689924f..a958bb88b6 100644
--- a/examples/esbuild/WORKSPACE
+++ b/examples/esbuild/WORKSPACE
@@ -25,12 +25,12 @@ http_archive(
     urls = ["https://github.com/bazelbuild/rules_nodejs/releases/download/3.2.3/rules_nodejs-3.2.3.tar.gz"],
 )
 
-_ESBUILD_VERSION = "0.8.48"
+_ESBUILD_VERSION = "0.11.5"
 
 http_archive(
     name = "esbuild_darwin",
     build_file_content = """exports_files(["bin/esbuild"])""",
-    sha256 = "d21a722873ed24586f071973b77223553fca466946f3d7e3976eeaccb14424e6",
+    sha256 = "98436890727bdb0d4beddd9c9e07d0aeff0e8dfe0169f85e568eca0dd43f665e",
     strip_prefix = "package",
     urls = [
         "https://registry.npmjs.org/esbuild-darwin-64/-/esbuild-darwin-64-%s.tgz" % _ESBUILD_VERSION,
@@ -40,7 +40,7 @@ http_archive(
 http_archive(
     name = "esbuild_windows",
     build_file_content = """exports_files(["esbuild.exe"])""",
-    sha256 = "fe5dcb97b4c47f9567012f0a45c19c655f3d2e0d76932f6dd12715dbebbd6eb0",
+    sha256 = "589c8ff97210bd41de106e6317ce88f9e88d2cacfd8178ae1217f2b857ff6c3a",
     strip_prefix = "package",
     urls = [
         "https://registry.npmjs.org/esbuild-windows-64/-/esbuild-windows-64-%s.tgz" % _ESBUILD_VERSION,
@@ -50,7 +50,7 @@ http_archive(
 http_archive(
     name = "esbuild_linux",
     build_file_content = """exports_files(["bin/esbuild"])""",
-    sha256 = "60dabe141e5dfcf99e7113bded6012868132068a582a102b258fb7b1cfdac14b",
+    sha256 = "113c2e84895f4422a3676db4e15d9f01b2b4fac041edab25284fdb9574ba58a0",
     strip_prefix = "package",
     urls = [
         "https://registry.npmjs.org/esbuild-linux-64/-/esbuild-linux-64-%s.tgz" % _ESBUILD_VERSION,
diff --git a/packages/esbuild/_README.md b/packages/esbuild/_README.md
index 59135f1805..05e0f6e19e 100644
--- a/packages/esbuild/_README.md
+++ b/packages/esbuild/_README.md
@@ -18,7 +18,7 @@ yarn add -D @bazel/esbuild
 Add an `http_archive` fetching the esbuild binary for each platform that you need to support. 
 
 ```python
-_ESBUILD_VERSION = "0.8.48"  # reminder: update SHAs below when changing this value
+_ESBUILD_VERSION = "0.11.5"  # reminder: update SHAs below when changing this value
 http_archive(
     name = "esbuild_darwin",
     urls = [
@@ -26,7 +26,7 @@ http_archive(
     ],
     strip_prefix = "package",
     build_file_content = """exports_files(["bin/esbuild"])""",
-    sha256 = "d21a722873ed24586f071973b77223553fca466946f3d7e3976eeaccb14424e6",
+    sha256 = "98436890727bdb0d4beddd9c9e07d0aeff0e8dfe0169f85e568eca0dd43f665e",
 )
 
 http_archive(
@@ -36,7 +36,7 @@ http_archive(
     ],
     strip_prefix = "package",
     build_file_content = """exports_files(["esbuild.exe"])""",
-    sha256 = "fe5dcb97b4c47f9567012f0a45c19c655f3d2e0d76932f6dd12715dbebbd6eb0",
+    sha256 = "589c8ff97210bd41de106e6317ce88f9e88d2cacfd8178ae1217f2b857ff6c3a",
 )
 
 http_archive(
@@ -46,7 +46,7 @@ http_archive(
     ],
     strip_prefix = "package",
     build_file_content = """exports_files(["bin/esbuild"])""",
-    sha256 = "60dabe141e5dfcf99e7113bded6012868132068a582a102b258fb7b1cfdac14b",
+    sha256 = "113c2e84895f4422a3676db4e15d9f01b2b4fac041edab25284fdb9574ba58a0",
 )
 ```
 
diff --git a/packages/esbuild/esbuild.bzl b/packages/esbuild/esbuild.bzl
index b3a8220ca8..41218731ec 100644
--- a/packages/esbuild/esbuild.bzl
+++ b/packages/esbuild/esbuild.bzl
@@ -68,8 +68,8 @@ def _esbuild_impl(ctx):
     args.add_all(ctx.attr.define, format_each = "--define:%s")
     args.add_all(ctx.attr.external, format_each = "--external:%s")
 
-    # disable the error limit and show all errors
-    args.add_joined(["--error-limit", "0"], join_with = "=")
+    # disable the log limit and show all logs
+    args.add_joined(["--log-limit", "0"], join_with = "=")
 
     if ctx.attr.minify:
         args.add("--minify")
diff --git a/packages/esbuild/esbuild_repo.bzl b/packages/esbuild/esbuild_repo.bzl
index 2b9cbcba21..c89f6bf001 100644
--- a/packages/esbuild/esbuild_repo.bzl
+++ b/packages/esbuild/esbuild_repo.bzl
@@ -6,7 +6,7 @@ load("@bazel_tools//tools/build_defs/repo:http.bzl", "http_archive")
 
 # IMPORTANT: Keep this file in sync with the documentation in _README.md
 
-_VERSION = "0.8.48"  # reminder: update SHAs below when changing this version
+_VERSION = "0.11.5"  # reminder: update SHAs below when changing this version
 
 def esbuild_dependencies():
     """Helper to install required dependencies for the esbuild rules"""
@@ -20,7 +20,7 @@ def esbuild_dependencies():
         ],
         strip_prefix = "package",
         build_file_content = """exports_files(["bin/esbuild"])""",
-        sha256 = "d21a722873ed24586f071973b77223553fca466946f3d7e3976eeaccb14424e6",
+        sha256 = "98436890727bdb0d4beddd9c9e07d0aeff0e8dfe0169f85e568eca0dd43f665e",
     )
 
     http_archive(
@@ -30,7 +30,7 @@ def esbuild_dependencies():
         ],
         strip_prefix = "package",
         build_file_content = """exports_files(["esbuild.exe"])""",
-        sha256 = "fe5dcb97b4c47f9567012f0a45c19c655f3d2e0d76932f6dd12715dbebbd6eb0",
+        sha256 = "589c8ff97210bd41de106e6317ce88f9e88d2cacfd8178ae1217f2b857ff6c3a",
     )
 
     http_archive(
@@ -40,5 +40,5 @@ def esbuild_dependencies():
         ],
         strip_prefix = "package",
         build_file_content = """exports_files(["bin/esbuild"])""",
-        sha256 = "60dabe141e5dfcf99e7113bded6012868132068a582a102b258fb7b1cfdac14b",
+        sha256 = "113c2e84895f4422a3676db4e15d9f01b2b4fac041edab25284fdb9574ba58a0",
     )
diff --git a/packages/esbuild/test/splitting/bundle.spec.js b/packages/esbuild/test/splitting/bundle.spec.js
index fe78b0957a..4cfcd59e69 100644
--- a/packages/esbuild/test/splitting/bundle.spec.js
+++ b/packages/esbuild/test/splitting/bundle.spec.js
@@ -5,13 +5,13 @@ const helper = require(process.env.BAZEL_NODE_RUNFILES_HELPER);
 const location = helper.resolve('build_bazel_rules_nodejs/packages/esbuild/test/splitting/bundle');
 
 const main = readFileSync(join(location, 'main.js'), {encoding: 'utf8'});
-const hasImportOfCore = main.indexOf(`import("./other.js")`) > -1;
+const hasImportOfCore = main.match(/import\(".\/(other-[a-zA-Z0-9]+\.js)"\)/);
 
 if (!hasImportOfCore) {
-  console.error(`Expected entry_point 'main.js' to have an import of './other.js'`);
+  console.error(`Expected entry_point 'main.js' to have an import of './other-[hash].js'`);
 }
 
 // throws if file does not exist
-lstatSync(join(location, 'other.js'));
+lstatSync(join(location, hasImportOfCore && hasImportOfCore[1]));
 
 process.exit(hasImportOfCore ? 0 : 1);
diff --git a/packages/esbuild/test/typescript/BUILD.bazel b/packages/esbuild/test/typescript/BUILD.bazel
index 16ca26eab4..7ac2d609eb 100644
--- a/packages/esbuild/test/typescript/BUILD.bazel
+++ b/packages/esbuild/test/typescript/BUILD.bazel
@@ -19,7 +19,10 @@ ts_library(
 
 esbuild(
     name = "bundle",
-    args = ["--keep-names"],
+    args = [
+        "--keep-names",
+        "--resolve-extensions=.mjs,.js",
+    ],
     entry_point = "main.ts",
     format = "esm",
     deps = [":main"],
diff --git a/packages/esbuild/test/typescript/bundle.golden.txt b/packages/esbuild/test/typescript/bundle.golden.txt
index 9039c1c4c2..45a73a0baf 100644
--- a/packages/esbuild/test/typescript/bundle.golden.txt
+++ b/packages/esbuild/test/typescript/bundle.golden.txt
@@ -6,14 +6,8 @@ var __getOwnPropNames = Object.getOwnPropertyNames;
 var __getOwnPropDesc = Object.getOwnPropertyDescriptor;
 var __markAsModule = (target) => __defProp(target, "__esModule", {value: true});
 var __name = (target, value) => __defProp(target, "name", {value, configurable: true});
-var __commonJS = (callback, module) => () => {
-  if (!module) {
-    module = {exports: {}};
-    callback(module.exports, module);
-  }
-  return module.exports;
-};
-var __exportStar = (target, module, desc) => {
+var __commonJS = (cb, mod) => () => (mod || cb((mod = {exports: {}}).exports, mod), mod.exports);
+var __reExport = (target, module, desc) => {
   if (module && typeof module === "object" || typeof module === "function") {
     for (let key of __getOwnPropNames(module))
       if (!__hasOwnProp.call(target, key) && key !== "default")
@@ -22,9 +16,7 @@ var __exportStar = (target, module, desc) => {
   return target;
 };
 var __toModule = (module) => {
-  if (module && module.__esModule)
-    return module;
-  return __exportStar(__markAsModule(__defProp(module != null ? __create(__getProtoOf(module)) : {}, "default", {value: module, enumerable: true})), module);
+  return __reExport(__markAsModule(__defProp(module != null ? __create(__getProtoOf(module)) : {}, "default", module && module.__esModule && "default" in module ? {get: () => module.default, enumerable: true} : {value: module, enumerable: true})), module);
 };
 
 
@@ -60,7 +52,7 @@ var getId3 = /* @__PURE__ */ __name(() => `generated-module`, "getId");
 var getId4 = /* @__PURE__ */ __name(() => "relative-module", "getId");
 
 
-var ID = `Full ID: ${getId()} - ${getId2()} - ${import_module_dynamic.getId()} - ${getId4()} - ${getId3()}`;
+var ID = `Full ID: ${getId()} - ${getId2()} - ${(0, import_module_dynamic.getId)()} - ${getId4()} - ${getId3()}`;
 console.log(ID);
 export {
   ID