diff --git a/third_party/gateway-api-latest/istio-gateway.yaml b/third_party/gateway-api-latest/istio-gateway.yaml
index 4bb10039c2b3..a5eb6d3f8859 100644
--- a/third_party/gateway-api-latest/istio-gateway.yaml
+++ b/third_party/gateway-api-latest/istio-gateway.yaml
@@ -22,7 +22,7 @@ metadata:
   labels:
     app.kubernetes.io/component: net-gateway-api
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240228-86fe86ce"
+    app.kubernetes.io/version: "20240301-5fd30ff3"
     experimental.istio.io/disable-gateway-port-translation: "true"
 spec:
   type: ClusterIP
diff --git a/third_party/gateway-api-latest/net-gateway-api.yaml b/third_party/gateway-api-latest/net-gateway-api.yaml
index fbbe752b7cca..c77b9ba7b24c 100644
--- a/third_party/gateway-api-latest/net-gateway-api.yaml
+++ b/third_party/gateway-api-latest/net-gateway-api.yaml
@@ -20,7 +20,7 @@ metadata:
     networking.knative.dev/ingress-provider: net-gateway-api
     app.kubernetes.io/component: net-gateway-api
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240228-86fe86ce"
+    app.kubernetes.io/version: "20240301-5fd30ff3"
 aggregationRule:
   clusterRoleSelectors:
     - matchLabels:
@@ -36,7 +36,7 @@ metadata:
     networking.knative.dev/ingress-provider: net-gateway-api
     app.kubernetes.io/component: net-gateway-api
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240228-86fe86ce"
+    app.kubernetes.io/version: "20240301-5fd30ff3"
 rules:
   - apiGroups: ["gateway.networking.k8s.io"]
     resources: ["httproutes", "referencegrants", "referencepolicies"]
@@ -69,7 +69,7 @@ metadata:
     networking.knative.dev/ingress-provider: net-gateway-api
     app.kubernetes.io/component: net-gateway-api
     app.kubernetes.io/name: knative-serving
-    app.kubernetes.io/version: "20240228-86fe86ce"
+    app.kubernetes.io/version: "20240301-5fd30ff3"
 data:
   _example: |
     ################################
@@ -123,7 +123,7 @@ metadata:
   labels:
     networking.knative.dev/ingress-provider: net-gateway-api
     app.kubernetes.io/component: net-gateway-api
-    app.kubernetes.io/version: "20240228-86fe86ce"
+    app.kubernetes.io/version: "20240301-5fd30ff3"
     app.kubernetes.io/name: knative-serving
 spec:
   replicas: 1
@@ -150,7 +150,7 @@ spec:
         - name: controller
           # This is the Go import path for the binary that is containerized
           # and substituted here.
-          image: gcr.io/knative-nightly/knative.dev/net-gateway-api/cmd/controller@sha256:13d0b066385c03ec0053182f035ef06215b2daa3909995013b173d227c51e112
+          image: gcr.io/knative-nightly/knative.dev/net-gateway-api/cmd/controller@sha256:0716bf2f6387103a9dfd581c77dd4ded317c763fbfa0e8f3dc84e4186f6a4e2a
           resources:
             requests:
               cpu: 100m