diff --git a/config/configretry/go.mod b/config/configretry/go.mod
index f9143238d41..374f07ec7fc 100644
--- a/config/configretry/go.mod
+++ b/config/configretry/go.mod
@@ -3,7 +3,7 @@ module go.opentelemetry.io/collector/config/configretry
 go 1.22.0
 
 require (
-	github.com/cenkalti/backoff/v4 v4.3.0
+	github.com/cenkalti/backoff/v5 v5.0.1
 	github.com/stretchr/testify v1.10.0
 	go.uber.org/goleak v1.3.0
 )
diff --git a/exporter/go.mod b/exporter/go.mod
index 40ad5c6c743..63790ba851b 100644
--- a/exporter/go.mod
+++ b/exporter/go.mod
@@ -3,7 +3,7 @@ module go.opentelemetry.io/collector/exporter
 go 1.22.0
 
 require (
-	github.com/cenkalti/backoff/v4 v4.3.0
+	github.com/cenkalti/backoff/v5 v5.0.1
 	github.com/stretchr/testify v1.10.0
 	go.opentelemetry.io/collector/component v0.117.0
 	go.opentelemetry.io/collector/component/componenttest v0.117.0