diff --git a/packages/grafana-ui/package.json b/packages/grafana-ui/package.json
index 3e8f2bfb31f..a7baee88fad 100644
--- a/packages/grafana-ui/package.json
+++ b/packages/grafana-ui/package.json
@@ -73,7 +73,7 @@
     "@grafana/schema": "12.1.0-pre",
     "@hello-pangea/dnd": "17.0.0",
     "@leeoniya/ufuzzy": "1.0.18",
-    "@monaco-editor/react": "4.6.0",
+    "@monaco-editor/react": "4.7.0",
     "@popperjs/core": "2.11.8",
     "@react-aria/dialog": "3.5.25",
     "@react-aria/focus": "3.20.3",
diff --git a/yarn.lock b/yarn.lock
index bbd5f5c0198..16c4c15c43a 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -3584,7 +3584,7 @@ __metadata:
     "@grafana/tsconfig": "npm:^2.0.0"
     "@hello-pangea/dnd": "npm:17.0.0"
     "@leeoniya/ufuzzy": "npm:1.0.18"
-    "@monaco-editor/react": "npm:4.6.0"
+    "@monaco-editor/react": "npm:4.7.0"
     "@popperjs/core": "npm:2.11.8"
     "@react-aria/dialog": "npm:3.5.25"
     "@react-aria/focus": "npm:3.20.3"
@@ -4912,27 +4912,25 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@monaco-editor/loader@npm:^1.4.0":
-  version: 1.4.0
-  resolution: "@monaco-editor/loader@npm:1.4.0"
+"@monaco-editor/loader@npm:^1.5.0":
+  version: 1.5.0
+  resolution: "@monaco-editor/loader@npm:1.5.0"
   dependencies:
     state-local: "npm:^1.0.6"
-  peerDependencies:
-    monaco-editor: ">= 0.21.0 < 1"
-  checksum: 10/32ad01de015fc187450aa1cc0aa763af167664b6a61efcb9e1523a0f51ca5d0b35ba11ed95889edd6d774dfe98f196ef58f1607243abcbdd3d6d743f82ba8285
+  checksum: 10/97d79916afa856809de4eaafaee1b1c6dc9443c0fdde81a7562f4ffa0c252496e97c4becf4c1f00c4119878c76d73390ce416a64305e59865a5830bded5afe55
   languageName: node
   linkType: hard
 
-"@monaco-editor/react@npm:4.6.0":
-  version: 4.6.0
-  resolution: "@monaco-editor/react@npm:4.6.0"
+"@monaco-editor/react@npm:4.7.0":
+  version: 4.7.0
+  resolution: "@monaco-editor/react@npm:4.7.0"
   dependencies:
-    "@monaco-editor/loader": "npm:^1.4.0"
+    "@monaco-editor/loader": "npm:^1.5.0"
   peerDependencies:
     monaco-editor: ">= 0.25.0 < 1"
-    react: ^16.8.0 || ^17.0.0 || ^18.0.0
-    react-dom: ^16.8.0 || ^17.0.0 || ^18.0.0
-  checksum: 10/e32724ebcc2fc81e91169d69eff8533e15a595c13156ec57965238a0f0afa67e2ed2abbf735a57cfaae15430bbc905b016b644bf7383a82d607501d557a6dd82
+    react: ^16.8.0 || ^17.0.0 || ^18.0.0 || ^19.0.0
+    react-dom: ^16.8.0 || ^17.0.0 || ^18.0.0 || ^19.0.0
+  checksum: 10/d72392c4ed6faf8d830ba43421461e1b767b5978edba0739457d7781aa9533c66982be7f59bb156a77a2b578eddfb4711f50e0d84f0f0d25d28b5ab11140f5cc
   languageName: node
   linkType: hard