diff --git a/Makefile b/Makefile
index 8c4ce42..8cb0738 100644
--- a/Makefile
+++ b/Makefile
@@ -6,7 +6,7 @@ TMP_CRD_DIR := $(HOME)/.crds-catalog
 DIST_DIRS := $(DIST) $(TMP_CRD_DIR)
 
 # renovate: datasource=github-releases depName=projectcalico/calico
-CALICO_VERSION := v3.27.2
+CALICO_VERSION := v3.27.3
 # renovate: datasource=github-releases depName=fluxcd/flux2
 FLUXCD_VERSION := v2.2.3
 # renovate: datasource=github-releases depName=cert-manager/cert-manager