diff --git a/go.mod b/go.mod
index 8d4d7b805121..3b975db02976 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 v0.35.1-0.20240404200702-545d88a836d4
+	sigs.k8s.io/karpenter v0.36.0
 	sigs.k8s.io/yaml v1.4.0
 )
 
diff --git a/go.sum b/go.sum
index 7d13c780cc6d..a0677f5c2d03 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 v0.35.1-0.20240404200702-545d88a836d4 h1:eb3ubw9tFiV62Gq1Ci5r5BCJ8OlKu2Mqf7h3tJIRe0U=
-sigs.k8s.io/karpenter v0.35.1-0.20240404200702-545d88a836d4/go.mod h1:fieFojxOec/l0tDmFT7R+g/Y+SGQbL9VlcYO8xb3sLo=
+sigs.k8s.io/karpenter v0.36.0 h1:i82fOsFWKwnChedKsj0Hep2yrTkAjCek/aZPSMX2dW8=
+sigs.k8s.io/karpenter v0.36.0/go.mod h1:fieFojxOec/l0tDmFT7R+g/Y+SGQbL9VlcYO8xb3sLo=
 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=