diff --git a/changelog/updates/2023-08-25-containerd-1.7.4-update.md b/changelog/updates/2023-08-25-containerd-1.7.4-update.md
new file mode 100644
index 0000000000..10b45e87ed
--- /dev/null
+++ b/changelog/updates/2023-08-25-containerd-1.7.4-update.md
@@ -0,0 +1 @@
+- containerd ([1.7.4](https://github.com/containerd/containerd/releases/tag/v1.7.4))
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 42663176ce..2f6adea8f7 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 +1 @@
-DIST containerd-1.7.3.tar.gz 9705719 BLAKE2B 4585c757784f71d7d00203300819079e791feb6403a309e8cae2e1fe39a957276abb45616109b5b71c340b0185464fbc7dbfce84ff3a213ff78b7c055600bf8e SHA512 d7017d4be6d28aa6b97ca20a4ddb47bd9b222ec18f5f13350b9ea62330eeef10e4b18e3e9b68737f22a6faa754a983639c8d53db10cbf8e5de4c7a47d8d2ec04
+DIST containerd-1.7.4.tar.gz 9711845 BLAKE2B ef40210cd1d8414db981726dfe21d1f5aa60806f2b6c586bae37d6620f3695116573a4ecb3aa0a15b7442c2e7f1745a8d9e6eea5a5035f78225c717f4d110702 SHA512 e2ec6a433de9871393865bc70b157b90950ddb5edf18ddf74709b360882b0cd3e5a0b9d1d56808e90b3cffd478cbed7f47be0038929c85079f2a0d50e99e4faa
diff --git a/sdk_container/src/third_party/coreos-overlay/app-containers/containerd/containerd-1.7.3.ebuild b/sdk_container/src/third_party/coreos-overlay/app-containers/containerd/containerd-1.7.4.ebuild
similarity index 100%
rename from sdk_container/src/third_party/coreos-overlay/app-containers/containerd/containerd-1.7.3.ebuild
rename to sdk_container/src/third_party/coreos-overlay/app-containers/containerd/containerd-1.7.4.ebuild
diff --git a/sdk_container/src/third_party/coreos-overlay/app-containers/containerd/containerd-9999.ebuild b/sdk_container/src/third_party/coreos-overlay/app-containers/containerd/containerd-9999.ebuild
index 4855442031..28ca6d6da5 100644
--- a/sdk_container/src/third_party/coreos-overlay/app-containers/containerd/containerd-9999.ebuild
+++ b/sdk_container/src/third_party/coreos-overlay/app-containers/containerd/containerd-9999.ebuild
@@ -13,7 +13,7 @@ if [[ ${PV} == *9999 ]]; then
 else
 	MY_PV="${PV/_rc/-rc.}"
 	EGIT_COMMIT="v${MY_PV}"
-	CONTAINERD_COMMIT="6abca8ab53527143aa341cac7b4086cbd0955962"
+	CONTAINERD_COMMIT="1a312d76cf8a6f6f7c5f9e89a8c23885ebecae5f"
 	SRC_URI="https://${GITHUB_URI}/archive/${EGIT_COMMIT}.tar.gz -> ${P}.tar.gz"
 	KEYWORDS="amd64 arm64"
 	inherit vcs-snapshot
diff --git a/sdk_container/src/third_party/coreos-overlay/app-torcx/docker/docker-20.10.ebuild b/sdk_container/src/third_party/coreos-overlay/app-torcx/docker/docker-20.10.ebuild
index a754b8a70c..9a5ef938e1 100644
--- a/sdk_container/src/third_party/coreos-overlay/app-torcx/docker/docker-20.10.ebuild
+++ b/sdk_container/src/third_party/coreos-overlay/app-torcx/docker/docker-20.10.ebuild
@@ -13,7 +13,7 @@ KEYWORDS="amd64 arm64"
 RDEPEND="
 	~app-containers/docker-20.10.24
 	~app-containers/docker-cli-20.10.24
-	~app-containers/containerd-1.7.3
+	~app-containers/containerd-1.7.4
 	~app-containers/docker-proxy-0.8.0_p20230118
 	~app-containers/runc-1.1.9
 	~dev-libs/libltdl-2.4.7