diff --git a/config/storybook-preset-carbon/package.json b/config/storybook-preset-carbon/package.json
index 5e3b639a822c..97e62a248553 100644
--- a/config/storybook-preset-carbon/package.json
+++ b/config/storybook-preset-carbon/package.json
@@ -45,6 +45,6 @@
     "babel-loader": "^8.2.2",
     "react": "^16.8.6",
     "react-dom": "^16.8.6",
-    "webpack": "^4.41.5"
+    "webpack": "^5.24.4"
   }
 }
diff --git a/packages/components/package.json b/packages/components/package.json
index b149acb8fc1a..81f98783c938 100644
--- a/packages/components/package.json
+++ b/packages/components/package.json
@@ -176,7 +176,7 @@
     "terser-webpack-plugin": "^2.3.2",
     "through2": "^3.0.0",
     "vinyl-named": "^1.1.0",
-    "webpack": "^4.41.5",
+    "webpack": "^5.24.4",
     "webpack-dev-middleware": "^3.7.2",
     "webpack-hot-middleware": "^2.21.0",
     "whatwg-fetch": "^3.0.0"
diff --git a/packages/react/package.json b/packages/react/package.json
index cab844e85168..41f28b53692a 100644
--- a/packages/react/package.json
+++ b/packages/react/package.json
@@ -122,7 +122,7 @@
     "storybook-preset-carbon": "^0.3.0",
     "string-replace-loader": "^2.1.0",
     "terser-webpack-plugin": "^2.3.2",
-    "webpack": "^4.41.5",
+    "webpack": "^5.24.4",
     "whatwg-fetch": "^2.0.3"
   },
   "sideEffects": false,