diff --git a/platform/mellanox/fw.mk b/platform/mellanox/fw.mk
index ebfec14fb6..1ef260d7ec 100644
--- a/platform/mellanox/fw.mk
+++ b/platform/mellanox/fw.mk
@@ -27,17 +27,17 @@ else
 FW_FROM_URL = n
 endif
 
-MLNX_SPC_FW_VERSION = 13.2010.3186
+MLNX_SPC_FW_VERSION = 13.2010.4116
 MLNX_SPC_FW_FILE = fw-SPC-rel-$(subst .,_,$(MLNX_SPC_FW_VERSION))-EVB.mfa
 $(MLNX_SPC_FW_FILE)_PATH = $(MLNX_FW_BASE_PATH)
 $(MLNX_SPC_FW_FILE)_URL = $(MLNX_FW_BASE_URL)/$(MLNX_SPC_FW_FILE)
 
-MLNX_SPC2_FW_VERSION = 29.2010.3186
+MLNX_SPC2_FW_VERSION = 29.2010.4116
 MLNX_SPC2_FW_FILE = fw-SPC2-rel-$(subst .,_,$(MLNX_SPC2_FW_VERSION))-EVB.mfa
 $(MLNX_SPC2_FW_FILE)_PATH = $(MLNX_FW_BASE_PATH)
 $(MLNX_SPC2_FW_FILE)_URL = $(MLNX_FW_BASE_URL)/$(MLNX_SPC2_FW_FILE)
 
-MLNX_SPC3_FW_VERSION = 30.2010.3186
+MLNX_SPC3_FW_VERSION = 30.2010.4116
 MLNX_SPC3_FW_FILE = fw-SPC3-rel-$(subst .,_,$(MLNX_SPC3_FW_VERSION))-EVB.mfa
 $(MLNX_SPC3_FW_FILE)_PATH = $(MLNX_FW_BASE_PATH)
 $(MLNX_SPC3_FW_FILE)_URL = $(MLNX_FW_BASE_URL)/$(MLNX_SPC3_FW_FILE)
diff --git a/platform/mellanox/mlnx-sai.mk b/platform/mellanox/mlnx-sai.mk
index b473cba3e9..2881940adc 100644
--- a/platform/mellanox/mlnx-sai.mk
+++ b/platform/mellanox/mlnx-sai.mk
@@ -1,6 +1,6 @@
 # Mellanox SAI
 
-MLNX_SAI_VERSION = SAIBuild2205.22.1.19
+MLNX_SAI_VERSION = SAIBuild2205.23.1.0
 
 export MLNX_SAI_VERSION
 
diff --git a/platform/mellanox/mlnx-sai/SAI-Implementation b/platform/mellanox/mlnx-sai/SAI-Implementation
index 82274ffaef..13cb39bf24 160000
--- a/platform/mellanox/mlnx-sai/SAI-Implementation
+++ b/platform/mellanox/mlnx-sai/SAI-Implementation
@@ -1 +1 @@
-Subproject commit 82274ffaef7748120b7657362f7875fb7d6e6f5f
+Subproject commit 13cb39bf247e543553caed07cd1b394ff6e897a3
diff --git a/platform/mellanox/sdk-src/sx-kernel/Switch-SDK-drivers b/platform/mellanox/sdk-src/sx-kernel/Switch-SDK-drivers
index 17a3b3089c..ec3b6d6f34 160000
--- a/platform/mellanox/sdk-src/sx-kernel/Switch-SDK-drivers
+++ b/platform/mellanox/sdk-src/sx-kernel/Switch-SDK-drivers
@@ -1 +1 @@
-Subproject commit 17a3b3089c9cbca4a62fc7d2fe0894186b801625
+Subproject commit ec3b6d6f348cc6b8b79c30aa759fb39cbcc4aca7
diff --git a/platform/mellanox/sdk.mk b/platform/mellanox/sdk.mk
index dd797140cf..9ea7ea4b13 100644
--- a/platform/mellanox/sdk.mk
+++ b/platform/mellanox/sdk.mk
@@ -16,7 +16,7 @@
 #
 MLNX_SDK_BASE_PATH = $(PLATFORM_PATH)/sdk-src/sx-kernel/Switch-SDK-drivers/bin/
 MLNX_SDK_PKG_BASE_PATH = $(MLNX_SDK_BASE_PATH)/$(BLDENV)/$(CONFIGURED_ARCH)/
-MLNX_SDK_VERSION = 4.5.3186
+MLNX_SDK_VERSION = 4.5.4116
 MLNX_SDK_ISSU_VERSION = 101
 
 MLNX_SDK_DEB_VERSION = $(subst -,.,$(subst _,.,$(MLNX_SDK_VERSION)))