diff --git a/packages/gatsby/package.json b/packages/gatsby/package.json
index 0e67b7ffae1df..c7cea59434ca7 100644
--- a/packages/gatsby/package.json
+++ b/packages/gatsby/package.json
@@ -150,7 +150,7 @@
     "util.promisify": "^1.0.1",
     "uuid": "3.4.0",
     "v8-compile-cache": "^1.1.2",
-    "webpack": "^4.44.1",
+    "webpack": "^5.1.1",
     "webpack-dev-middleware": "^3.7.2",
     "webpack-dev-server": "^3.11.0",
     "webpack-hot-middleware": "^2.25.0",