diff --git a/hack/component-versions.json b/hack/component-versions.json
index 07a8c240d2..24a3687873 100644
--- a/hack/component-versions.json
+++ b/hack/component-versions.json
@@ -1,11 +1,11 @@
 {
 	"Contour": {
-		"version": "v1.19.5",
+		"version": "v1.19.6",
 		"owner": "knative-extensions",
 		"repo": "net-contour"
 	},
 	"Eventing": {
-		"version": "v1.19.6",
+		"version": "v1.19.7",
 		"owner": "knative",
 		"repo": "eventing"
 	},
diff --git a/hack/component-versions.sh b/hack/component-versions.sh
index 42bda8a22c..c6ff2a9c34 100644
--- a/hack/component-versions.sh
+++ b/hack/component-versions.sh
@@ -12,8 +12,8 @@ set_versions() {
 
 	# find source-of-truth in component-versions.json to add/modify components
 	knative_serving_version="v1.19.7"
-	knative_eventing_version="v1.19.6"
-	contour_version="v1.19.5"
+	knative_eventing_version="v1.19.7"
+	contour_version="v1.19.6"
 	tekton_version="v1.1.0"
 	pac_version="v0.35.2"
 }