diff --git a/Cargo.lock b/Cargo.lock
index e84129087e..8d41a715ec 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4002,7 +4002,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "0c2a198fb6b0eada2a8df47933734e6d35d350665a33a3593d7164fa52c75c19"
 dependencies = [
  "cfg-if",
- "windows-targets 0.48.5",
+ "windows-targets 0.52.5",
 ]
 
 [[package]]
@@ -9878,9 +9878,9 @@ dependencies = [
 
 [[package]]
 name = "tokio"
-version = "1.38.0"
+version = "1.38.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ba4f4a02a7a80d6f274636f0aa95c7e383b912d41fe721a31f29e29698585a4a"
+checksum = "eb2caba9f80616f438e09748d5acda951967e1ea58508ef53d9c6402485a46df"
 dependencies = [
  "backtrace",
  "bytes",
diff --git a/Cargo.toml b/Cargo.toml
index e46cdeb972..e74eb6ab60 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -507,7 +507,7 @@ textwrap = "0.16.1"
 test-strategy = "0.3.1"
 thiserror = "1.0"
 tofino = { git = "https://github.com/oxidecomputer/tofino", branch = "main" }
-tokio = "1.37.0"
+tokio = "1.38.1"
 tokio-postgres = { version = "0.7", features = [ "with-chrono-0_4", "with-uuid-1" ] }
 tokio-stream = "0.1.15"
 tokio-tungstenite = "0.20"
diff --git a/workspace-hack/Cargo.toml b/workspace-hack/Cargo.toml
index 9c9f47d735..7be432ebca 100644
--- a/workspace-hack/Cargo.toml
+++ b/workspace-hack/Cargo.toml
@@ -104,7 +104,7 @@ string_cache = { version = "0.8.7" }
 subtle = { version = "2.5.0" }
 syn-f595c2ba2a3f28df = { package = "syn", version = "2.0.71", features = ["extra-traits", "fold", "full", "visit", "visit-mut"] }
 time = { version = "0.3.36", features = ["formatting", "local-offset", "macros", "parsing"] }
-tokio = { version = "1.38.0", features = ["full", "test-util"] }
+tokio = { version = "1.38.1", features = ["full", "test-util"] }
 tokio-postgres = { version = "0.7.10", features = ["with-chrono-0_4", "with-serde_json-1", "with-uuid-1"] }
 tokio-stream = { version = "0.1.15", features = ["net"] }
 tokio-util = { version = "0.7.11", features = ["codec", "io-util"] }
@@ -211,7 +211,7 @@ syn-dff4ba8e3ae991db = { package = "syn", version = "1.0.109", features = ["extr
 syn-f595c2ba2a3f28df = { package = "syn", version = "2.0.71", features = ["extra-traits", "fold", "full", "visit", "visit-mut"] }
 time = { version = "0.3.36", features = ["formatting", "local-offset", "macros", "parsing"] }
 time-macros = { version = "0.2.18", default-features = false, features = ["formatting", "parsing"] }
-tokio = { version = "1.38.0", features = ["full", "test-util"] }
+tokio = { version = "1.38.1", features = ["full", "test-util"] }
 tokio-postgres = { version = "0.7.10", features = ["with-chrono-0_4", "with-serde_json-1", "with-uuid-1"] }
 tokio-stream = { version = "0.1.15", features = ["net"] }
 tokio-util = { version = "0.7.11", features = ["codec", "io-util"] }