diff --git a/Makefile b/Makefile
index 41608269..98465c47 100644
--- a/Makefile
+++ b/Makefile
@@ -184,7 +184,7 @@ ENVTEST ?= $(LOCALBIN)/setup-envtest
 OPERATOR_SDK ?= $(LOCALBIN)/operator-sdk
 
 ## Tool Versions
-KUSTOMIZE_VERSION ?= v3.8.7
+KUSTOMIZE_VERSION ?= v5.3.0
 CONTROLLER_TOOLS_VERSION ?= v0.9.2
 OPERATOR_SDK_VERSION ?= v1.30.0