diff --git a/hack/component-versions.json b/hack/component-versions.json
index 44e7a6a4d..851909270 100644
--- a/hack/component-versions.json
+++ b/hack/component-versions.json
@@ -1,8 +1,8 @@
 {
 	"KindNode": "v1.32.0@sha256:c48c62eac5da28cdadcf560d1d8616cfa6783b58f0d94cf63ad1bf49600cb027",
-	"Serving": "v1.18.1",
+	"Serving": "v1.19.0",
 	"Eventing": "v1.18.2",
-	"Contour": "v1.18.0",
+	"Contour": "v1.19.0",
 	"Tekton": "v1.1.0",
 	"Pac": "v0.35.2"
 }
diff --git a/hack/component-versions.sh b/hack/component-versions.sh
index 497bf32e3..0a84dc8e9 100644
--- a/hack/component-versions.sh
+++ b/hack/component-versions.sh
@@ -11,9 +11,9 @@ set_versions() {
 	kind_node_version=v1.32.0@sha256:c48c62eac5da28cdadcf560d1d8616cfa6783b58f0d94cf63ad1bf49600cb027
 
 	# gets updated programatically via workflow -> PR creation
-	knative_serving_version="v1.18.1"
+	knative_serving_version="v1.19.0"
 	knative_eventing_version="v1.18.2"
-	contour_version="v1.18.0"
+	contour_version="v1.19.0"
 	tekton_version="v1.1.0"
 	pac_version="v0.35.2"
 }