diff --git a/packages/grafana-toolkit/package.json b/packages/grafana-toolkit/package.json
index 1c3af1bef643e..94aeac53ffc33 100644
--- a/packages/grafana-toolkit/package.json
+++ b/packages/grafana-toolkit/package.json
@@ -106,7 +106,7 @@
     "tslib": "2.2.0",
     "typescript": "4.2.4",
     "url-loader": "^2.0.1",
-    "webpack": "4.41.5"
+    "webpack": "5.94.0"
   },
   "_moduleAliases": {
     "puppeteer": "node_modules/puppeteer-core"