diff --git a/changelog/updates/2024-10-18-containerd-1.7.23-update.md b/changelog/updates/2024-10-18-containerd-1.7.23-update.md
new file mode 100644
index 00000000000..8c4d9bff56c
--- /dev/null
+++ b/changelog/updates/2024-10-18-containerd-1.7.23-update.md
@@ -0,0 +1 @@
+- containerd ([1.7.23](https://github.com/containerd/containerd/releases/tag/v1.7.23))
diff --git a/sdk_container/src/third_party/coreos-overlay/app-containers/containerd/Manifest b/sdk_container/src/third_party/coreos-overlay/app-containers/containerd/Manifest
index 1dcf6e6fa32..f4c5c7b33d1 100644
--- a/sdk_container/src/third_party/coreos-overlay/app-containers/containerd/Manifest
+++ b/sdk_container/src/third_party/coreos-overlay/app-containers/containerd/Manifest
@@ -1,4 +1,4 @@
 DIST containerd-1.7.1.tar.gz 9682254 BLAKE2B f168070caf2b76f0be350a98f41bfdbfe6d78344d68821fb92a29f839a6e847d795e5b79436e36f985aa88028ff1c3f44f134cf6bd502ddac22453a457bd952b SHA512 e9b00ba8f4dd1b5b1088060d3822f684611d43b367ddfeb1bee1660140af85f31e9c9bfc600a67e8fc8645a625dc4e1919d9af7291bdeaa607bff7065a4fc945
 DIST containerd-1.7.2.tar.gz 9688701 BLAKE2B d31cd0e96bb2675390cc63d06114e37d532b7c666b3ffc5b0087dfcef8de23559471f08bf8a52b164c5f645faf1b8102ab2ccdd8ec417a1c74336097f0c3a899 SHA512 c0d4c02991b7e9fc341c4ef3df2d93097f5854a51b99596ed95436a79f7a586820bb8bb7c17fc43b5f38d97ea942e59490fbbf6c9710391ef9caae3d34627bc5
-DIST containerd-1.7.22.tar.gz 10189969 BLAKE2B b1fac9764a8bac0b883849786bd20c9a8e64d764186c6362978faec5ba360636caccc6c1a7c51c6781aa51f96a4e713968d1e86b54b6fe2fa9e3dfcc07727e64 SHA512 9572f2b0f49365cc3888999a0c0b7d29694922f0cbefb33e1fbbfc71781cde402537da3a23e36fd3a600a1d819bcef9acbeee423df2699fa9e3f07cfde7f9128
+DIST containerd-1.7.23.tar.gz 10192816 BLAKE2B 592e3a1992a637879f1669a660991f811db6f3d11a788c9809277b3fb9639d8b89445cbbca1de16ed45703e8506c8850d9ce68b64d1213817732d008a1847ea6 SHA512 4cb003a6ef2f9fe856665c3b7099e13b23cf07c77ed9a9ed50988d74de1933e3fe9463ae123635230f25cde38cd8a487133b11e20d829a79517c4d7fbe2ce012
 DIST containerd-1.7.6.tar.gz 9714550 BLAKE2B 863df1a8ab0f0fe6ec62893ed64824763c1b5230fe830fa268820ce0d6254c79e1ac62ab1261a74785b86b01dff83ea9109a899857fa47a48f2cf2eaf298fea8 SHA512 8b7e13c6ea544754ba7d53092d143f3fd2224b9bc874a33d8a00b781e719927f1b22ad5cd1e35b7b95e4890e630f4b92308549a970587ccdf9dbb8eb470e2703
diff --git a/sdk_container/src/third_party/coreos-overlay/app-containers/containerd/containerd-1.7.22.ebuild b/sdk_container/src/third_party/coreos-overlay/app-containers/containerd/containerd-1.7.23.ebuild
similarity index 97%
rename from sdk_container/src/third_party/coreos-overlay/app-containers/containerd/containerd-1.7.22.ebuild
rename to sdk_container/src/third_party/coreos-overlay/app-containers/containerd/containerd-1.7.23.ebuild
index 07a7aa05344..0ad8bec3073 100644
--- a/sdk_container/src/third_party/coreos-overlay/app-containers/containerd/containerd-1.7.22.ebuild
+++ b/sdk_container/src/third_party/coreos-overlay/app-containers/containerd/containerd-1.7.23.ebuild
@@ -3,7 +3,7 @@
 
 EAPI=8
 inherit go-module systemd
-GIT_REVISION=b2ce781edcbd6cb758f172ecab61c79d607cc41d
+GIT_REVISION=9b2ad7760328148397346d10c7b2004271249db4
 
 DESCRIPTION="A daemon to control runC"
 HOMEPAGE="https://containerd.io/"
diff --git a/sdk_container/src/third_party/coreos-overlay/profiles/coreos/base/package.accept_keywords b/sdk_container/src/third_party/coreos-overlay/profiles/coreos/base/package.accept_keywords
index 23b25761b92..f438fb831c9 100644
--- a/sdk_container/src/third_party/coreos-overlay/profiles/coreos/base/package.accept_keywords
+++ b/sdk_container/src/third_party/coreos-overlay/profiles/coreos/base/package.accept_keywords
@@ -8,7 +8,7 @@
 # (the following packages are "unstable" upstream; we're stabilising these)
 
 # Handled by automation
-=app-containers/containerd-1.7.22 ~amd64 ~arm64 # DO NOT EDIT THIS LINE. Added by containerd-apply-patch.sh on 2024-09-13 08:19:35
+=app-containers/containerd-1.7.23 ~amd64 ~arm64 # DO NOT EDIT THIS LINE. Added by containerd-apply-patch.sh on 2024-10-18 08:06:10
 
 # Keep versions on both arches in sync.
 =app-containers/cri-tools-1.27.0 ~arm64