diff --git a/lifecycle-operator/Makefile b/lifecycle-operator/Makefile
index bc47ee696f..795a10bd1d 100644
--- a/lifecycle-operator/Makefile
+++ b/lifecycle-operator/Makefile
@@ -21,7 +21,7 @@ BUILDENVVAR=CGO_ENABLED=0
 VERSION=$(shell echo $(RELEASE_VERSION) | awk -F - '{print $$2}')
 
 # ENVTEST_K8S_VERSION refers to the version of kubebuilder assets to be downloaded by envtest binary.
-ENVTEST_K8S_VERSION=1.27.3
+ENVTEST_K8S_VERSION=1.27.1
 
 ## Tool Versions
 # renovate: datasource=github-tags depName=kubernetes-sigs/kustomize