diff --git a/.changeset/fuzzy-feet-sell.md b/.changeset/fuzzy-feet-sell.md
new file mode 100644
index 000000000..21aeb0427
--- /dev/null
+++ b/.changeset/fuzzy-feet-sell.md
@@ -0,0 +1,26 @@
+---
+'@compiled/parcel-app': minor
+'@compiled/ssr-app': minor
+'@compiled/webpack-app': minor
+'@compiled/babel-component-fixture': minor
+'@compiled-private/module-a': minor
+'@compiled/parcel-optimizer-test-app': minor
+'@compiled/parcel-transformer-test-app': minor
+'@compiled/parcel-transformer-test-custom-resolver-app': minor
+'@compiled/parcel-transformer-test-extract-app': minor
+'@compiled/babel-plugin': minor
+'@compiled/babel-plugin-strip-runtime': minor
+'@compiled/benchmark': minor
+'@compiled/codemods': minor
+'@compiled/css': minor
+'@compiled/eslint-plugin': minor
+'@compiled/jest': minor
+'@compiled/parcel-config': minor
+'@compiled/parcel-optimizer': minor
+'@compiled/parcel-transformer': minor
+'@compiled/react': minor
+'@compiled/utils': minor
+'@compiled/webpack-loader': minor
+---
+
+Update monorepo node version to v18, and drop support for node v12
diff --git a/.github/workflows/test.yml b/.github/workflows/test.yml
index c1f8051c6..c11eee094 100644
--- a/.github/workflows/test.yml
+++ b/.github/workflows/test.yml
@@ -13,8 +13,7 @@ jobs:
 
     strategy:
       matrix:
-        # Test LTS and v12.15 for ensuring support for exports in package.json
-        node-version: [v12.15, v16]
+        node-version: [14.x, 16.x, 18.x]
 
     steps:
       - uses: actions/checkout@v3
@@ -42,7 +41,6 @@ jobs:
         run: yarn
 
       - name: Validate
-        if: matrix.node-version == 'v16'
         run: yarn lint
 
       - name: Run tests
diff --git a/.nvmrc b/.nvmrc
index e65243f2e..e6db45a90 100644
--- a/.nvmrc
+++ b/.nvmrc
@@ -1 +1 @@
-16.19.0
+18.14.0
diff --git a/package.json b/package.json
index 2ef70fc82..74d32e9b3 100644
--- a/package.json
+++ b/package.json
@@ -109,7 +109,7 @@
     "typescript": "^4.9.5"
   },
   "engines": {
-    "node": "^v16.19.0"
+    "node": "^14.15.0 || ^16.10.0 || >=18.0.0"
   },
   "loki": {
     "configurations": {
diff --git a/yarn.lock b/yarn.lock
index 6fa3998f1..f548b1197 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -5740,6 +5740,13 @@ caller-callsite@^2.0.0:
   dependencies:
     callsites "^2.0.0"
 
+caller-callsite@^4.1.0:
+  version "4.1.0"
+  resolved "https://registry.yarnpkg.com/caller-callsite/-/caller-callsite-4.1.0.tgz#3e33cb1d910e7b09332d59a3503b9af7462f7295"
+  integrity sha512-99nnnGlJexTc41xwQTr+mWl15OI5PPczUJzM4YRE7QjkefMKCXGa5gfQjCOuVrD+1TjI/fevIDHg2nz3iYN5Ig==
+  dependencies:
+    callsites "^3.1.0"
+
 caller-path@^2.0.0:
   version "2.0.0"
   resolved "https://registry.yarnpkg.com/caller-path/-/caller-path-2.0.0.tgz#468f83044e369ab2010fac5f06ceee15bb2cb1f4"
@@ -5747,12 +5754,19 @@ caller-path@^2.0.0:
   dependencies:
     caller-callsite "^2.0.0"
 
+caller-path@^3.0.1:
+  version "3.0.1"
+  resolved "https://registry.yarnpkg.com/caller-path/-/caller-path-3.0.1.tgz#bc932ecec3f943e10c2f8922146e23b132f932e4"
+  integrity sha512-fhmztL4wURO/BzwJUJ4aVRdnKEFskPBbrJ8fNgl7XdUiD1ygzzlt+nhPgUBSRq2ciEVubo6x+W8vJQzm55QLLQ==
+  dependencies:
+    caller-callsite "^4.1.0"
+
 callsites@^2.0.0:
   version "2.0.0"
   resolved "https://registry.yarnpkg.com/callsites/-/callsites-2.0.0.tgz#06eb84f00eea413da86affefacbffb36093b3c50"
   integrity sha1-BuuE8A7qQT2oav/vrL/7Ngk7PFA=
 
-callsites@^3.0.0:
+callsites@^3.0.0, callsites@^3.1.0:
   version "3.1.0"
   resolved "https://registry.yarnpkg.com/callsites/-/callsites-3.1.0.tgz#b3630abd8943432f54b3f0519238e33cd7df2f73"
   integrity sha512-P8BjAsXvZS+VIDUI11hHCQEv74YT67YUi5JJFNWIqL235sBmjX4+qx9Muvls5ivyNENctx46xQLQ3aTuE7ssaQ==
@@ -9542,15 +9556,15 @@ import-fresh@^3.0.0, import-fresh@^3.1.0, import-fresh@^3.2.1:
     resolve-from "^4.0.0"
 
 import-jsx@^4.0.0:
-  version "4.0.0"
-  resolved "https://registry.yarnpkg.com/import-jsx/-/import-jsx-4.0.0.tgz#2f31fd8e884e14f136751448841ffd2d3144dce1"
-  integrity sha1-LzH9johOFPE2dRRIhB/9LTFE3OE=
+  version "4.0.1"
+  resolved "https://registry.yarnpkg.com/import-jsx/-/import-jsx-4.0.1.tgz#30d5d336f3f52ed32b62690997f26e23c252a258"
+  integrity sha512-2Cj4nWRuAmvokFRU6UNo3xgzXKh+4nq/LBtD6mTp3V9c9nYV7O+dRvPChPOM34Qcj1+Ijz3oK6HqkixG0GP9Rg==
   dependencies:
     "@babel/core" "^7.5.5"
     "@babel/plugin-proposal-object-rest-spread" "^7.5.5"
     "@babel/plugin-transform-destructuring" "^7.5.0"
     "@babel/plugin-transform-react-jsx" "^7.3.0"
-    caller-path "^2.0.0"
+    caller-path "^3.0.1"
     find-cache-dir "^3.2.0"
     make-dir "^3.0.2"
     resolve-from "^3.0.0"