diff --git a/homeassistant/components/recorder/manifest.json b/homeassistant/components/recorder/manifest.json
index dfae272b03a..87c889b9c82 100644
--- a/homeassistant/components/recorder/manifest.json
+++ b/homeassistant/components/recorder/manifest.json
@@ -6,5 +6,5 @@
   "integration_type": "system",
   "iot_class": "local_push",
   "quality_scale": "internal",
-  "requirements": ["sqlalchemy==2.0.2", "fnvhash==0.1.0"]
+  "requirements": ["sqlalchemy==2.0.3", "fnvhash==0.1.0"]
 }
diff --git a/homeassistant/components/sql/manifest.json b/homeassistant/components/sql/manifest.json
index f85380a54b5..5b8ae58e314 100644
--- a/homeassistant/components/sql/manifest.json
+++ b/homeassistant/components/sql/manifest.json
@@ -5,5 +5,5 @@
   "config_flow": true,
   "documentation": "https://www.home-assistant.io/integrations/sql",
   "iot_class": "local_polling",
-  "requirements": ["sqlalchemy==2.0.2"]
+  "requirements": ["sqlalchemy==2.0.3"]
 }
diff --git a/homeassistant/package_constraints.txt b/homeassistant/package_constraints.txt
index 278c7ef6d4d..d2a076168b5 100644
--- a/homeassistant/package_constraints.txt
+++ b/homeassistant/package_constraints.txt
@@ -42,7 +42,7 @@ pyudev==0.23.2
 pyyaml==6.0
 requests==2.28.1
 scapy==2.5.0
-sqlalchemy==2.0.2
+sqlalchemy==2.0.3
 typing-extensions>=4.4.0,<5.0
 voluptuous-serialize==2.5.0
 voluptuous==0.13.1
diff --git a/requirements_all.txt b/requirements_all.txt
index a3d112f0391..5ecdd8f53e4 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -2392,7 +2392,7 @@ spotipy==2.22.1
 
 # homeassistant.components.recorder
 # homeassistant.components.sql
-sqlalchemy==2.0.2
+sqlalchemy==2.0.3
 
 # homeassistant.components.srp_energy
 srpenergy==1.3.6
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index a7e8c53fea4..a204c021e8a 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -1689,7 +1689,7 @@ spotipy==2.22.1
 
 # homeassistant.components.recorder
 # homeassistant.components.sql
-sqlalchemy==2.0.2
+sqlalchemy==2.0.3
 
 # homeassistant.components.srp_energy
 srpenergy==1.3.6