diff --git a/charts/stable/splunk/Chart.yaml b/charts/stable/splunk/Chart.yaml
index a514f367904..54317b38af1 100644
--- a/charts/stable/splunk/Chart.yaml
+++ b/charts/stable/splunk/Chart.yaml
@@ -11,7 +11,7 @@ annotations:
   truecharts.org/min_kubernetes_version: 1.24.0
   truecharts.org/train: stable
 apiVersion: v2
-appVersion: 10.0.2
+appVersion: 10.2.0
 dependencies:
   - name: common
     version: 28.29.27
@@ -39,5 +39,5 @@ sources:
   - https://hub.docker.com/r/splunk/splunk
   - https://splunk.github.io/docker-splunk
 type: application
-version: 12.11.11
+version: 12.12.0
 
diff --git a/charts/stable/splunk/values.yaml b/charts/stable/splunk/values.yaml
index 25910c13c0b..4989d99bc27 100644
--- a/charts/stable/splunk/values.yaml
+++ b/charts/stable/splunk/values.yaml
@@ -1,7 +1,7 @@
 image:
   pullPolicy: IfNotPresent
   repository: docker.io/splunk/splunk
-  tag: 10.0.2@sha256:5f75d0d404e4288506cf2f00e3bd227ecf9e00657959eb72899d3912dbb20b11
+  tag: 10.2.0@sha256:e9b9b7a53f6d5ffb1211f2e0deb8a07d8ee7292d8ce5b261f6f2866b7e1e649b
 securityContext:
   container:
     runAsNonRoot: false