diff --git a/package.json b/package.json
index b0f83be172d..9d11ceb21c8 100644
--- a/package.json
+++ b/package.json
@@ -240,7 +240,7 @@
     "ts-node": "10.9.1",
     "typescript": "4.7.4",
     "wait-on": "6.0.1",
-    "webpack": "5.73.0",
+    "webpack": "5.74.0",
     "webpack-bundle-analyzer": "4.5.0",
     "webpack-cli": "4.10.0",
     "webpack-dev-server": "4.9.0",
@@ -407,7 +407,7 @@
     "@rushstack/node-core-library": "3.49.0",
     "@rushstack/rig-package": "0.3.11",
     "@rushstack/ts-command-line": "4.12.1",
-    "@storybook/react/webpack": "5.73.0",
+    "@storybook/react/webpack": "5.74.0",
     "node-fetch": "2.6.7"
   },
   "workspaces": {
diff --git a/packages/grafana-e2e/package.json b/packages/grafana-e2e/package.json
index 8d05b160000..318ae73b067 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": "5.73.0"
+    "webpack": "5.74.0"
   },
   "types": "src/index.ts",
   "dependencies": {
diff --git a/packages/grafana-ui/package.json b/packages/grafana-ui/package.json
index 1b946275358..c32c394af7c 100644
--- a/packages/grafana-ui/package.json
+++ b/packages/grafana-ui/package.json
@@ -177,7 +177,7 @@
     "terser-webpack-plugin": "5.3.1",
     "ts-loader": "8.4.0",
     "typescript": "4.7.4",
-    "webpack": "5.73.0",
+    "webpack": "5.74.0",
     "webpack-filter-warnings-plugin": "1.2.1"
   },
   "types": "src/index.ts"
diff --git a/yarn.lock b/yarn.lock
index a175eab1a35..dad0bde3bcd 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -4883,7 +4883,7 @@ __metadata:
     tslib: 2.4.0
     typescript: 4.7.4
     uuid: 8.3.2
-    webpack: 5.73.0
+    webpack: 5.74.0
     yaml: ^2.0.0
   bin:
     grafana-e2e: bin/grafana-e2e.js
@@ -5259,7 +5259,7 @@ __metadata:
     typescript: 4.7.4
     uplot: 1.6.22
     uuid: 8.3.2
-    webpack: 5.73.0
+    webpack: 5.74.0
     webpack-filter-warnings-plugin: 1.2.1
   languageName: unknown
   linkType: soft
@@ -18649,6 +18649,16 @@ __metadata:
   languageName: node
   linkType: hard
 
+"enhanced-resolve@npm:^5.10.0":
+  version: 5.10.0
+  resolution: "enhanced-resolve@npm:5.10.0"
+  dependencies:
+    graceful-fs: ^4.2.4
+    tapable: ^2.2.0
+  checksum: 0bb9830704db271610f900e8d79d70a740ea16f251263362b0c91af545576d09fe50103496606c1300a05e588372d6f9780a9bc2e30ce8ef9b827ec8f44687ff
+  languageName: node
+  linkType: hard
+
 "enhanced-resolve@npm:^5.9.2":
   version: 5.9.2
   resolution: "enhanced-resolve@npm:5.9.2"
@@ -18659,16 +18669,6 @@ __metadata:
   languageName: node
   linkType: hard
 
-"enhanced-resolve@npm:^5.9.3":
-  version: 5.9.3
-  resolution: "enhanced-resolve@npm:5.9.3"
-  dependencies:
-    graceful-fs: ^4.2.4
-    tapable: ^2.2.0
-  checksum: 64c2dbbdd608d1a4df93b6e60786c603a1faf3b2e66dfd051d62cf4cfaeeb5e800166183685587208d62e9f7afff3f78f3d5978e32cd80125ba0c83b59a79d78
-  languageName: node
-  linkType: hard
-
 "enquirer@npm:^2.3.6, enquirer@npm:~2.3.6":
   version: 2.3.6
   resolution: "enquirer@npm:2.3.6"
@@ -21466,7 +21466,7 @@ __metadata:
     vendor: "link:./public/vendor"
     visjs-network: 4.25.0
     wait-on: 6.0.1
-    webpack: 5.73.0
+    webpack: 5.74.0
     webpack-bundle-analyzer: 4.5.0
     webpack-cli: 4.10.0
     webpack-dev-server: 4.9.0
@@ -36855,6 +36855,16 @@ __metadata:
   languageName: node
   linkType: hard
 
+"watchpack@npm:^2.4.0":
+  version: 2.4.0
+  resolution: "watchpack@npm:2.4.0"
+  dependencies:
+    glob-to-regexp: ^0.4.1
+    graceful-fs: ^4.1.2
+  checksum: 23d4bc58634dbe13b86093e01c6a68d8096028b664ab7139d58f0c37d962d549a940e98f2f201cecdabd6f9c340338dc73ef8bf094a2249ef582f35183d1a131
+  languageName: node
+  linkType: hard
+
 "wbuf@npm:^1.1.0, wbuf@npm:^1.7.3":
   version: 1.7.3
   resolution: "wbuf@npm:1.7.3"
@@ -37187,20 +37197,20 @@ __metadata:
   languageName: node
   linkType: hard
 
-"webpack@npm:5.73.0":
-  version: 5.73.0
-  resolution: "webpack@npm:5.73.0"
+"webpack@npm:5.74.0":
+  version: 5.74.0
+  resolution: "webpack@npm:5.74.0"
   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: ^8.7.1
     acorn-import-assertions: ^1.7.6
     browserslist: ^4.14.5
     chrome-trace-event: ^1.0.2
-    enhanced-resolve: ^5.9.3
+    enhanced-resolve: ^5.10.0
     es-module-lexer: ^0.9.0
     eslint-scope: 5.1.1
     events: ^3.2.0
@@ -37213,14 +37223,14 @@ __metadata:
     schema-utils: ^3.1.0
     tapable: ^2.1.1
     terser-webpack-plugin: ^5.1.3
-    watchpack: ^2.3.1
+    watchpack: ^2.4.0
     webpack-sources: ^3.2.3
   peerDependenciesMeta:
     webpack-cli:
       optional: true
   bin:
     webpack: bin/webpack.js
-  checksum: aa434a241bad6176b68e1bf0feb1972da4dcbf27cb3d94ae24f6eb31acc37dceb9c4aae55e068edca75817bfe91f13cd20b023ac55d9b1b2f8b66a4037c9468f
+  checksum: 320c41369a75051b19e18c63f408b3dcc481852e992f83d311771c5ec0f05f2946385e8ebef62030cf3587f0a3d2f12779ffdb191569a966847289ba7313f946
   languageName: node
   linkType: hard