diff --git a/go.mod b/go.mod
index 7ac8558d7814..e2e46a1579c0 100644
--- a/go.mod
+++ b/go.mod
@@ -28,7 +28,7 @@ require (
 	k8s.io/utils v0.0.0-20240711033017-18e509b52bc8
 	knative.dev/pkg v0.0.0-20240926013127-c4843b746d24
 	sigs.k8s.io/controller-runtime v0.18.4
-	sigs.k8s.io/karpenter v0.34.11
+	sigs.k8s.io/karpenter v0.34.12
 )
 
 require (
diff --git a/go.sum b/go.sum
index 6d9e476ad7e9..8572a81c9cdd 100644
--- a/go.sum
+++ b/go.sum
@@ -750,8 +750,8 @@ sigs.k8s.io/controller-runtime v0.18.4 h1:87+guW1zhvuPLh1PHybKdYFLU0YJp4FhJRmiHv
 sigs.k8s.io/controller-runtime v0.18.4/go.mod h1:TVoGrfdpbA9VRFaRnKgk9P5/atA0pMwq+f+msb9M8Sg=
 sigs.k8s.io/json v0.0.0-20221116044647-bc3834ca7abd h1:EDPBXCAspyGV4jQlpZSudPeMmr1bNJefnuqLsRAsHZo=
 sigs.k8s.io/json v0.0.0-20221116044647-bc3834ca7abd/go.mod h1:B8JuhiUyNFVKdsE8h686QcCxMaH6HrOAZj4vswFpcB0=
-sigs.k8s.io/karpenter v0.34.11 h1:2YBfJulN4jml2XjiKWP8P62RCNA6XWFmctBNgvD3nZc=
-sigs.k8s.io/karpenter v0.34.11/go.mod h1:+mYbvFR6FtY+3MdprIJFTGv8GMR2DP5rA2umbYRfrmY=
+sigs.k8s.io/karpenter v0.34.12 h1:OdYVQQsP8O6VVN5aPOeNHxieqwZ8LNdUV/HyJpDXFFE=
+sigs.k8s.io/karpenter v0.34.12/go.mod h1:+mYbvFR6FtY+3MdprIJFTGv8GMR2DP5rA2umbYRfrmY=
 sigs.k8s.io/structured-merge-diff/v4 v4.4.1 h1:150L+0vs/8DA78h1u02ooW1/fFq/Lwr+sGiqlzvrtq4=
 sigs.k8s.io/structured-merge-diff/v4 v4.4.1/go.mod h1:N8hJocpFajUSSeSJ9bOZ77VzejKZaXsTtZo4/u7Io08=
 sigs.k8s.io/yaml v1.4.0 h1:Mk1wCc2gy/F0THH0TAp1QYyJNzRm2KCLy3o5ASXVI5E=