diff --git a/karpenter.yaml b/karpenter.yaml
index 9313ec0031a..e9daa45098c 100644
--- a/karpenter.yaml
+++ b/karpenter.yaml
@@ -1,6 +1,6 @@
 package:
   name: karpenter
-  version: 0.33.2
+  version: 0.34.0
   epoch: 0
   description: Karpenter is a Kubernetes Node Autoscaler built for flexibility, performance, and simplicity.
   copyright:
@@ -13,7 +13,7 @@ pipeline:
     with:
       repository: https://github.com/aws/karpenter
       tag: v${{package.version}}
-      expected-commit: 8fb62bf3983e8f9fa0ff83a8ec2bb131e9fb5a3b
+      expected-commit: 0671c40bbc64226ce495fb877dafc566107a5524
 
   - uses: go/build
     with: