diff --git a/DEPENDENCIES b/DEPENDENCIES
index 02d25ef395a..c4b0af51b6c 100644
--- a/DEPENDENCIES
+++ b/DEPENDENCIES
@@ -108,9 +108,9 @@ maven/mavencentral/io.cloudevents/cloudevents-api/2.5.0, Apache-2.0, approved, c
 maven/mavencentral/io.cloudevents/cloudevents-core/2.5.0, Apache-2.0, approved, #9328
 maven/mavencentral/io.cloudevents/cloudevents-http-basic/2.5.0, Apache-2.0, approved, #9329
 maven/mavencentral/io.github.classgraph/classgraph/4.8.154, MIT, approved, CQ22530
-maven/mavencentral/io.micrometer/micrometer-commons/1.12.2, Apache-2.0 AND (Apache-2.0 AND MIT), approved, #11679
-maven/mavencentral/io.micrometer/micrometer-core/1.12.2, Apache-2.0 AND (Apache-2.0 AND MIT), approved, #11678
-maven/mavencentral/io.micrometer/micrometer-observation/1.12.2, Apache-2.0, approved, #11680
+maven/mavencentral/io.micrometer/micrometer-commons/1.12.3, Apache-2.0 AND (Apache-2.0 AND MIT), approved, #11679
+maven/mavencentral/io.micrometer/micrometer-core/1.12.3, Apache-2.0 AND (Apache-2.0 AND MIT), approved, #11678
+maven/mavencentral/io.micrometer/micrometer-observation/1.12.3, Apache-2.0, approved, #11680
 maven/mavencentral/io.netty/netty-buffer/4.1.86.Final, Apache-2.0, approved, CQ21842
 maven/mavencentral/io.netty/netty-codec-http/4.1.86.Final, Apache-2.0 AND BSD-3-Clause AND MIT, approved, CQ20926
 maven/mavencentral/io.netty/netty-codec-http2/4.1.86.Final, Apache-2.0 AND BSD-3-Clause AND MIT, approved, CQ20926
diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index 1f1b5907b62..20eaa883e07 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -22,7 +22,7 @@ jetty = "11.0.20"
 jetty-jakarta-servlet-api = "5.0.2"
 junit-pioneer = "2.2.0"
 jupiter = "5.10.2"
-micrometer = "1.12.2"
+micrometer = "1.12.3"
 mockito = "5.2.0"
 nimbus = "9.37.3"
 okhttp = "4.12.0"