diff --git a/third_party/gateway-api-latest/istio-gateway.yaml b/third_party/gateway-api-latest/istio-gateway.yaml
index ac7a05870d9e..ea79ea7db155 100644
--- a/third_party/gateway-api-latest/istio-gateway.yaml
+++ b/third_party/gateway-api-latest/istio-gateway.yaml
@@ -22,7 +22,7 @@ metadata:
   labels:
     app.kubernetes.io/component: net-gateway-api
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240501-806915fb"
+    app.kubernetes.io/version: "20240503-78d6f77e"
     experimental.istio.io/disable-gateway-port-translation: "true"
 spec:
   type: ClusterIP
diff --git a/third_party/gateway-api-latest/net-gateway-api.yaml b/third_party/gateway-api-latest/net-gateway-api.yaml
index 8639958245e8..66905801f56f 100644
--- a/third_party/gateway-api-latest/net-gateway-api.yaml
+++ b/third_party/gateway-api-latest/net-gateway-api.yaml
@@ -20,7 +20,7 @@ metadata:
     networking.knative.dev/ingress-provider: net-gateway-api
     app.kubernetes.io/component: net-gateway-api
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240501-806915fb"
+    app.kubernetes.io/version: "20240503-78d6f77e"
 aggregationRule:
   clusterRoleSelectors:
     - matchLabels:
@@ -36,7 +36,7 @@ metadata:
     networking.knative.dev/ingress-provider: net-gateway-api
     app.kubernetes.io/component: net-gateway-api
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240501-806915fb"
+    app.kubernetes.io/version: "20240503-78d6f77e"
 rules:
   - apiGroups: ["gateway.networking.k8s.io"]
     resources: ["httproutes", "referencegrants", "referencepolicies"]
@@ -68,7 +68,7 @@ metadata:
   labels:
     networking.knative.dev/ingress-provider: net-gateway-api
     app.kubernetes.io/component: net-gateway-api
-    app.kubernetes.io/version: "20240501-806915fb"
+    app.kubernetes.io/version: "20240503-78d6f77e"
     app.kubernetes.io/name: knative-serving
 spec:
   replicas: 1
@@ -95,7 +95,7 @@ spec:
         - name: controller
           # This is the Go import path for the binary that is containerized
           # and substituted here.
-          image: gcr.io/knative-nightly/knative.dev/net-gateway-api/cmd/controller@sha256:92334f0dcc1a063a0a53e745590f94744af1f7561f867e2ddbed749435ef767c
+          image: gcr.io/knative-nightly/knative.dev/net-gateway-api/cmd/controller@sha256:a6d46a0b2fb8d330fb97a7a5e7bae7da8efc2f1df72eedcdce3bde931eb91302
           resources:
             requests:
               cpu: 100m
@@ -152,7 +152,7 @@ metadata:
   labels:
     app.kubernetes.io/component: net-gateway-api
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240501-806915fb"
+    app.kubernetes.io/version: "20240503-78d6f77e"
     networking.knative.dev/ingress-provider: gateway-api
 spec:
   selector:
@@ -166,14 +166,14 @@ spec:
         role: net-gateway-api-webhook
         app.kubernetes.io/component: net-gateway-api
         app.kubernetes.io/name: knative-serving
-        app.kubernetes.io/version: "20240501-806915fb"
+        app.kubernetes.io/version: "20240503-78d6f77e"
     spec:
       serviceAccountName: controller
       containers:
         - name: webhook
           # This is the Go import path for the binary that is containerized
           # and substituted here.
-          image: gcr.io/knative-nightly/knative.dev/net-gateway-api/cmd/webhook@sha256:e915ecd6c411aee13daf7da28974ba768da07c35945cec0f96aaf3d8904a0944
+          image: gcr.io/knative-nightly/knative.dev/net-gateway-api/cmd/webhook@sha256:85441cc4a9be87a04eaeb143287ab9f1cdcdcdb7be274840ae5caab49672a364
           resources:
             requests:
               cpu: 20m
@@ -251,7 +251,7 @@ metadata:
   labels:
     app.kubernetes.io/component: net-gateway-api
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240501-806915fb"
+    app.kubernetes.io/version: "20240503-78d6f77e"
     networking.knative.dev/ingress-provider: gateway-api
 
 ---
@@ -278,7 +278,7 @@ metadata:
     role: net-gateway-api-webhook
     app.kubernetes.io/component: net-gateway-api
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240501-806915fb"
+    app.kubernetes.io/version: "20240503-78d6f77e"
     networking.knative.dev/ingress-provider: gateway-api
 spec:
   ports:
@@ -317,7 +317,7 @@ metadata:
   labels:
     app.kubernetes.io/component: net-gateway-api
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240501-806915fb"
+    app.kubernetes.io/version: "20240503-78d6f77e"
     networking.knative.dev/ingress-provider: gateway-api
 webhooks:
   - admissionReviewVersions:
@@ -359,7 +359,7 @@ metadata:
     networking.knative.dev/ingress-provider: net-gateway-api
     app.kubernetes.io/component: net-gateway-api
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240501-806915fb"
+    app.kubernetes.io/version: "20240503-78d6f77e"
 data:
   _example: |
     ################################