diff --git a/package.json b/package.json
index b88efe7dd751f7..ef48eaa97efdbb 100644
--- a/package.json
+++ b/package.json
@@ -89,7 +89,7 @@
     "react": "17.0.2"
   },
   "dependencies": {
-    "@jest/create-cache-key-function": "^26.5.0",
+    "@jest/create-cache-key-function": "^27.0.1",
     "@react-native-community/cli": "^5.0.1-alpha.0",
     "@react-native-community/cli-platform-android": "^5.0.1-alpha.0",
     "@react-native-community/cli-platform-ios": "^5.0.1-alpha.0",
diff --git a/yarn.lock b/yarn.lock
index 1e38f9d06c6299..14bb80afa78846 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -827,12 +827,12 @@
     slash "^3.0.0"
     strip-ansi "^6.0.0"
 
-"@jest/create-cache-key-function@^26.5.0":
-  version "26.6.2"
-  resolved "https://registry.yarnpkg.com/@jest/create-cache-key-function/-/create-cache-key-function-26.6.2.tgz#04cf439207a4fd12418d8aee551cddc86f9ac5f5"
-  integrity sha512-LgEuqU1f/7WEIPYqwLPIvvHuc1sB6gMVbT6zWhin3txYUNYK/kGQrC1F2WR4gR34YlI9bBtViTm5z98RqVZAaw==
+"@jest/create-cache-key-function@^27.0.1":
+  version "27.0.1"
+  resolved "https://registry.yarnpkg.com/@jest/create-cache-key-function/-/create-cache-key-function-27.0.1.tgz#93f36e543e67a84ef1430e456b750d2271738e90"
+  integrity sha512-cnJPO3//4BXpydHjo7nuI+L7YUktxwWeRCYlRhk6faNuiZpqLbhGZhNOMo8fOcuf3+80UP5vLqDvwM4XcDLpcA==
   dependencies:
-    "@jest/types" "^26.6.2"
+    "@jest/types" "^27.0.1"
 
 "@jest/environment@^26.6.2":
   version "26.6.2"
@@ -968,6 +968,17 @@
     "@types/yargs" "^15.0.0"
     chalk "^4.0.0"
 
+"@jest/types@^27.0.1":
+  version "27.0.1"
+  resolved "https://registry.yarnpkg.com/@jest/types/-/types-27.0.1.tgz#631738c942e70045ebbf42a3f9b433036d3845e4"
+  integrity sha512-8A25RRV4twZutsx2D+7WphnDsp7If9Yu6ko0Gxwrwv8BiWESFzka34+Aa2kC8w9xewt7SDuCUSZ6IiAFVj3PRg==
+  dependencies:
+    "@types/istanbul-lib-coverage" "^2.0.0"
+    "@types/istanbul-reports" "^3.0.0"
+    "@types/node" "*"
+    "@types/yargs" "^16.0.0"
+    chalk "^4.0.0"
+
 "@react-native-community/cli-debugger-ui@^5.0.1-alpha.1":
   version "5.0.1-alpha.1"
   resolved "https://registry.yarnpkg.com/@react-native-community/cli-debugger-ui/-/cli-debugger-ui-5.0.1-alpha.1.tgz#09a856ccd2954cf16eea59b14dd26ae66720e4e6"
@@ -1266,6 +1277,13 @@
   dependencies:
     "@types/yargs-parser" "*"
 
+"@types/yargs@^16.0.0":
+  version "16.0.3"
+  resolved "https://registry.yarnpkg.com/@types/yargs/-/yargs-16.0.3.tgz#4b6d35bb8e680510a7dc2308518a80ee1ef27e01"
+  integrity sha512-YlFfTGS+zqCgXuXNV26rOIeETOkXnGQXP/pjjL9P0gO/EP9jTmc7pUBhx+jVEIxpq41RX33GQ7N3DzOSfZoglQ==
+  dependencies:
+    "@types/yargs-parser" "*"
+
 abab@^2.0.3:
   version "2.0.3"
   resolved "https://registry.yarnpkg.com/abab/-/abab-2.0.3.tgz#623e2075e02eb2d3f2475e49f99c91846467907a"