diff --git a/package.json b/package.json
index e5a9937695c..2383eb001a3 100644
--- a/package.json
+++ b/package.json
@@ -237,7 +237,7 @@
     "ts-node": "10.7.0",
     "typescript": "4.4.4",
     "wait-on": "6.0.1",
-    "webpack": "5.70.0",
+    "webpack": "5.72.0",
     "webpack-bundle-analyzer": "4.5.0",
     "webpack-cli": "4.9.2",
     "webpack-dev-server": "4.7.4",
@@ -396,7 +396,7 @@
     "@rushstack/node-core-library": "3.45.1",
     "@rushstack/rig-package": "0.3.8",
     "@rushstack/ts-command-line": "4.10.7",
-    "@storybook/react/webpack": "5.70.0",
+    "@storybook/react/webpack": "5.72.0",
     "node-fetch": "2.6.7"
   },
   "workspaces": {
diff --git a/packages/grafana-e2e/package.json b/packages/grafana-e2e/package.json
index 9f892d541c6..6fb70e16064 100644
--- a/packages/grafana-e2e/package.json
+++ b/packages/grafana-e2e/package.json
@@ -41,7 +41,7 @@
     "rollup-plugin-copy": "3.4.0",
     "rollup-plugin-sourcemaps": "0.6.3",
     "rollup-plugin-terser": "7.0.2",
-    "webpack": "5.70.0"
+    "webpack": "5.72.0"
   },
   "types": "src/index.ts",
   "dependencies": {
diff --git a/packages/grafana-ui/package.json b/packages/grafana-ui/package.json
index 03daae61a61..10130b923a7 100644
--- a/packages/grafana-ui/package.json
+++ b/packages/grafana-ui/package.json
@@ -175,7 +175,7 @@
     "terser-webpack-plugin": "5.3.1",
     "ts-loader": "8.0.11",
     "typescript": "4.4.4",
-    "webpack": "5.70.0",
+    "webpack": "5.72.0",
     "webpack-filter-warnings-plugin": "1.2.1"
   },
   "types": "src/index.ts"
diff --git a/yarn.lock b/yarn.lock
index 4b3b5d24640..b63315ebeb1 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -4094,7 +4094,7 @@ __metadata:
     tslib: 2.3.1
     typescript: 4.4.4
     uuid: 8.3.2
-    webpack: 5.70.0
+    webpack: 5.72.0
     yaml: ^1.8.3
   bin:
     grafana-e2e: bin/grafana-e2e.js
@@ -4490,7 +4490,7 @@ __metadata:
     typescript: 4.4.4
     uplot: 1.6.19
     uuid: 8.3.2
-    webpack: 5.70.0
+    webpack: 5.72.0
     webpack-filter-warnings-plugin: 1.2.1
   languageName: unknown
   linkType: soft
@@ -20695,7 +20695,7 @@ __metadata:
     vendor: "link:./public/vendor"
     visjs-network: 4.25.0
     wait-on: 6.0.1
-    webpack: 5.70.0
+    webpack: 5.72.0
     webpack-bundle-analyzer: 4.5.0
     webpack-cli: 4.9.2
     webpack-dev-server: 4.7.4
@@ -36984,7 +36984,44 @@ __metadata:
   languageName: node
   linkType: hard
 
-"webpack@npm:5.70.0, webpack@npm:^5.9.0":
+"webpack@npm:5.72.0":
+  version: 5.72.0
+  resolution: "webpack@npm:5.72.0"
+  dependencies:
+    "@types/eslint-scope": ^3.7.3
+    "@types/estree": ^0.0.51
+    "@webassemblyjs/ast": 1.11.1
+    "@webassemblyjs/wasm-edit": 1.11.1
+    "@webassemblyjs/wasm-parser": 1.11.1
+    acorn: ^8.4.1
+    acorn-import-assertions: ^1.7.6
+    browserslist: ^4.14.5
+    chrome-trace-event: ^1.0.2
+    enhanced-resolve: ^5.9.2
+    es-module-lexer: ^0.9.0
+    eslint-scope: 5.1.1
+    events: ^3.2.0
+    glob-to-regexp: ^0.4.1
+    graceful-fs: ^4.2.9
+    json-parse-better-errors: ^1.0.2
+    loader-runner: ^4.2.0
+    mime-types: ^2.1.27
+    neo-async: ^2.6.2
+    schema-utils: ^3.1.0
+    tapable: ^2.1.1
+    terser-webpack-plugin: ^5.1.3
+    watchpack: ^2.3.1
+    webpack-sources: ^3.2.3
+  peerDependenciesMeta:
+    webpack-cli:
+      optional: true
+  bin:
+    webpack: bin/webpack.js
+  checksum: 8365f1466d0f7adbf80ebc9b780f263a28eeeabcd5fb515249bfd9a56ab7fe8d29ea53df3d9364d0732ab39ae774445eb28abce694ed375b13882a6b2fe93ffc
+  languageName: node
+  linkType: hard
+
+"webpack@npm:^5.9.0":
   version: 5.70.0
   resolution: "webpack@npm:5.70.0"
   dependencies: