diff --git a/Makefile b/Makefile
index 4fb3eff527f..0fc6e232c51 100644
--- a/Makefile
+++ b/Makefile
@@ -65,7 +65,7 @@ GOLANGCI_LINT ?= $(LOCALBIN)/golangci-lint
 CRD_REF_DOCS ?= $(LOCALBIN)/crd-ref-docs
 YQ ?= $(LOCALBIN)/yq
 ## Tool Versions
-KUSTOMIZE_VERSION ?= v3.8.7
+KUSTOMIZE_VERSION ?= v5.0.2
 CONTROLLER_GEN_VERSION ?= v0.9.2
 OPERATOR_SDK_VERSION ?= v1.31.0
 GOLANGCI_LINT_VERSION ?= v1.59.1