diff --git a/homeassistant/components/esphome/manifest.json b/homeassistant/components/esphome/manifest.json
index 5524e87e2a8..77a3164d94c 100644
--- a/homeassistant/components/esphome/manifest.json
+++ b/homeassistant/components/esphome/manifest.json
@@ -16,7 +16,7 @@
   "loggers": ["aioesphomeapi", "noiseprotocol", "bleak_esphome"],
   "mqtt": ["esphome/discover/#"],
   "requirements": [
-    "aioesphomeapi==27.0.2",
+    "aioesphomeapi==27.0.3",
     "esphome-dashboard-api==1.2.3",
     "bleak-esphome==1.1.0"
   ],
diff --git a/requirements_all.txt b/requirements_all.txt
index fcbfdf91a59..a047d286fa1 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -243,7 +243,7 @@ aioelectricitymaps==0.4.0
 aioemonitor==1.0.5
 
 # homeassistant.components.esphome
-aioesphomeapi==27.0.2
+aioesphomeapi==27.0.3
 
 # homeassistant.components.flo
 aioflo==2021.11.0
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index cbfb6abf5ea..4e69fdcccf3 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -231,7 +231,7 @@ aioelectricitymaps==0.4.0
 aioemonitor==1.0.5
 
 # homeassistant.components.esphome
-aioesphomeapi==27.0.2
+aioesphomeapi==27.0.3
 
 # homeassistant.components.flo
 aioflo==2021.11.0