diff --git a/components/envoy-gateway-operator/oci-repository.yaml b/components/envoy-gateway-operator/oci-repository.yaml
index 348f897..88e0398 100644
--- a/components/envoy-gateway-operator/oci-repository.yaml
+++ b/components/envoy-gateway-operator/oci-repository.yaml
@@ -7,4 +7,4 @@ spec:
   interval: 12h
   url: oci://docker.io/envoyproxy/gateway-helm
   ref:
-    tag: v1.4.3
+    tag: v1.7.3