diff --git a/CHANGELOG.md b/CHANGELOG.md
index fbe216a95..9433af20a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -18,7 +18,7 @@
 - Bump min Gradle requirement to 9.4.0. ([#2114](https://github.com/GradleUp/shadow/pull/2114))
 - Remove runtime dependencies on Commons Codec and Commons IO by using JDK APIs. ([#2136](https://github.com/GradleUp/shadow/pull/2136))
 - **POTENTIALLY BREAKING:** Remove `Serializable` from `DependencyFilter`. ([#2144](https://github.com/GradleUp/shadow/pull/2144))
-- Bump default R8 from `9.1.31` to `9.4.26`. ([#2322](https://github.com/GradleUp/shadow/pull/2322))
+- Bump default R8 from `9.1.31` to `9.4.27`. ([#2325](https://github.com/GradleUp/shadow/pull/2325))
 - Allow repackaging Service file classes with R8. ([#2174](https://github.com/GradleUp/shadow/pull/2174))
 - Normalize line separators to LF (`\n`) in `ResourceTransformer`s for reproducible builds. ([#2197](https://github.com/GradleUp/shadow/pull/2197))
   - `ApacheNoticeResourceTransformer`
diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index cd944a643..347f8d82b 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -27,7 +27,7 @@ pluginPublish = { module = "com.gradle.plugin-publish:com.gradle.plugin-publish.
 androidx-gradlePluginLints = "androidx.lint:lint-gradle:1.0.0"
 # Dummy to get renovate updates, the version is used in rootProject build.gradle with spotless.
 ktfmt = "com.facebook:ktfmt:0.64"
-r8 = "com.android.tools:r8:9.4.26"
+r8 = "com.android.tools:r8:9.4.27"
 
 junit-bom = "org.junit:junit-bom:6.1.3"
 assertk = "com.willowtreeapps.assertk:assertk:0.28.1"