diff --git a/homeassistant/components/recorder/manifest.json b/homeassistant/components/recorder/manifest.json
index 62f740da174..df93f45c2bd 100644
--- a/homeassistant/components/recorder/manifest.json
+++ b/homeassistant/components/recorder/manifest.json
@@ -2,7 +2,7 @@
   "domain": "recorder",
   "name": "Recorder",
   "documentation": "https://www.home-assistant.io/integrations/recorder",
-  "requirements": ["sqlalchemy==1.4.32", "fnvhash==0.1.0", "lru-dict==1.1.7"],
+  "requirements": ["sqlalchemy==1.4.34", "fnvhash==0.1.0", "lru-dict==1.1.7"],
   "codeowners": ["@home-assistant/core"],
   "quality_scale": "internal",
   "iot_class": "local_push"
diff --git a/homeassistant/components/sql/manifest.json b/homeassistant/components/sql/manifest.json
index d8ced1625ad..9346c7bd486 100644
--- a/homeassistant/components/sql/manifest.json
+++ b/homeassistant/components/sql/manifest.json
@@ -2,7 +2,7 @@
   "domain": "sql",
   "name": "SQL",
   "documentation": "https://www.home-assistant.io/integrations/sql",
-  "requirements": ["sqlalchemy==1.4.32"],
+  "requirements": ["sqlalchemy==1.4.34"],
   "codeowners": ["@dgomes"],
   "iot_class": "local_polling"
 }
diff --git a/homeassistant/package_constraints.txt b/homeassistant/package_constraints.txt
index 4cc7fc74737..29b8fa8536d 100644
--- a/homeassistant/package_constraints.txt
+++ b/homeassistant/package_constraints.txt
@@ -29,7 +29,7 @@ pyudev==0.22.0
 pyyaml==6.0
 requests==2.27.1
 scapy==2.4.5
-sqlalchemy==1.4.32
+sqlalchemy==1.4.34
 typing-extensions>=3.10.0.2,<5.0
 voluptuous-serialize==2.5.0
 voluptuous==0.13.0
diff --git a/requirements_all.txt b/requirements_all.txt
index 1ec1197c811..266a075d623 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -2198,7 +2198,7 @@ spotipy==2.19.0
 
 # homeassistant.components.recorder
 # homeassistant.components.sql
-sqlalchemy==1.4.32
+sqlalchemy==1.4.34
 
 # homeassistant.components.srp_energy
 srpenergy==1.3.6
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index 3bfcceb9977..2e5ac65888c 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -1428,7 +1428,7 @@ spotipy==2.19.0
 
 # homeassistant.components.recorder
 # homeassistant.components.sql
-sqlalchemy==1.4.32
+sqlalchemy==1.4.34
 
 # homeassistant.components.srp_energy
 srpenergy==1.3.6