diff --git a/go.mod b/go.mod
index 852b0c603724..fe5abf8af2bb 100644
--- a/go.mod
+++ b/go.mod
@@ -28,7 +28,7 @@ require (
 	k8s.io/utils v0.0.0-20240102154912-e7106e64919e
 	knative.dev/pkg v0.0.0-20231010144348-ca8c009405dd
 	sigs.k8s.io/controller-runtime v0.17.2
-	sigs.k8s.io/karpenter v0.35.2
+	sigs.k8s.io/karpenter v0.35.3-0.20240326164319-e8da1224b5c2
 	sigs.k8s.io/yaml v1.4.0
 )
 
diff --git a/go.sum b/go.sum
index 65acdfbedebf..0f5b92edd90c 100644
--- a/go.sum
+++ b/go.sum
@@ -759,8 +759,8 @@ sigs.k8s.io/controller-runtime v0.17.2 h1:FwHwD1CTUemg0pW2otk7/U5/i5m2ymzvOXdbeG
 sigs.k8s.io/controller-runtime v0.17.2/go.mod h1:+MngTvIQQQhfXtwfdGw/UOQ/aIaqsYywfCINOtwMO/s=
 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 v0.35.2 h1:Q81+OLvMrLIrV9ueV14YFiDBuS348uxBTCIITFAA0fw=
-sigs.k8s.io/karpenter v0.35.2/go.mod h1:cUrYd9r91yK9Y4k6N87kdhs0EYTAlp9yimSqFcckxAw=
+sigs.k8s.io/karpenter v0.35.3-0.20240326164319-e8da1224b5c2 h1:xMx1j0cvO0CoKMTh33sEMDXDP0waQyTNHjhtVxXf6Y8=
+sigs.k8s.io/karpenter v0.35.3-0.20240326164319-e8da1224b5c2/go.mod h1:cUrYd9r91yK9Y4k6N87kdhs0EYTAlp9yimSqFcckxAw=
 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=
diff --git a/pkg/apis/crds/karpenter.sh_nodepools.yaml b/pkg/apis/crds/karpenter.sh_nodepools.yaml
index cb6d8ba1670c..b4e1b19f4a54 100644
--- a/pkg/apis/crds/karpenter.sh_nodepools.yaml
+++ b/pkg/apis/crds/karpenter.sh_nodepools.yaml
@@ -80,7 +80,7 @@ spec:
                               This is required if Schedule is set.
                               This regex has an optional 0s at the end since the duration.String() always adds
                               a 0s at the end.
-                            pattern: ^([0-9]+(m|h)+(0s)?)$
+                            pattern: ^((([0-9]+(h|m))|([0-9]+h[0-9]+m))(0s)?)$
                             type: string
                           nodes:
                             default: 10%