diff --git a/lerna.json b/lerna.json
index 956b707bd11aa..707f8e31997bd 100644
--- a/lerna.json
+++ b/lerna.json
@@ -16,5 +16,5 @@
       "registry": "https://registry.npmjs.org/"
     }
   },
-  "version": "12.0.9-canary.1"
+  "version": "12.0.9-canary.2"
 }
diff --git a/packages/create-next-app/package.json b/packages/create-next-app/package.json
index d66e3186e520d..328ee1220b0d7 100644
--- a/packages/create-next-app/package.json
+++ b/packages/create-next-app/package.json
@@ -1,6 +1,6 @@
 {
   "name": "create-next-app",
-  "version": "12.0.9-canary.1",
+  "version": "12.0.9-canary.2",
   "keywords": [
     "react",
     "next",
diff --git a/packages/eslint-config-next/package.json b/packages/eslint-config-next/package.json
index e2dd937a75095..5288bbef6bb94 100644
--- a/packages/eslint-config-next/package.json
+++ b/packages/eslint-config-next/package.json
@@ -1,6 +1,6 @@
 {
   "name": "eslint-config-next",
-  "version": "12.0.9-canary.1",
+  "version": "12.0.9-canary.2",
   "description": "ESLint configuration used by NextJS.",
   "main": "index.js",
   "license": "MIT",
@@ -9,7 +9,7 @@
     "directory": "packages/eslint-config-next"
   },
   "dependencies": {
-    "@next/eslint-plugin-next": "12.0.9-canary.1",
+    "@next/eslint-plugin-next": "12.0.9-canary.2",
     "@rushstack/eslint-patch": "^1.0.8",
     "@typescript-eslint/parser": "^5.0.0",
     "eslint-import-resolver-node": "^0.3.4",
diff --git a/packages/eslint-plugin-next/package.json b/packages/eslint-plugin-next/package.json
index 06bb07dcbc2e6..9c75f2fbf5779 100644
--- a/packages/eslint-plugin-next/package.json
+++ b/packages/eslint-plugin-next/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@next/eslint-plugin-next",
-  "version": "12.0.9-canary.1",
+  "version": "12.0.9-canary.2",
   "description": "ESLint plugin for NextJS.",
   "main": "lib/index.js",
   "license": "MIT",
diff --git a/packages/next-bundle-analyzer/package.json b/packages/next-bundle-analyzer/package.json
index d5382a6d9390f..ac1e829263814 100644
--- a/packages/next-bundle-analyzer/package.json
+++ b/packages/next-bundle-analyzer/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@next/bundle-analyzer",
-  "version": "12.0.9-canary.1",
+  "version": "12.0.9-canary.2",
   "main": "index.js",
   "license": "MIT",
   "repository": {
diff --git a/packages/next-codemod/package.json b/packages/next-codemod/package.json
index 962a51b89090a..b39900001581b 100644
--- a/packages/next-codemod/package.json
+++ b/packages/next-codemod/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@next/codemod",
-  "version": "12.0.9-canary.1",
+  "version": "12.0.9-canary.2",
   "license": "MIT",
   "dependencies": {
     "chalk": "4.1.0",
diff --git a/packages/next-env/package.json b/packages/next-env/package.json
index 60abf2bd471c5..4c1040a7efde0 100644
--- a/packages/next-env/package.json
+++ b/packages/next-env/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@next/env",
-  "version": "12.0.9-canary.1",
+  "version": "12.0.9-canary.2",
   "keywords": [
     "react",
     "next",
diff --git a/packages/next-mdx/package.json b/packages/next-mdx/package.json
index 1a12b0fb9d8dc..344da860f2e4c 100644
--- a/packages/next-mdx/package.json
+++ b/packages/next-mdx/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@next/mdx",
-  "version": "12.0.9-canary.1",
+  "version": "12.0.9-canary.2",
   "main": "index.js",
   "license": "MIT",
   "repository": {
diff --git a/packages/next-plugin-storybook/package.json b/packages/next-plugin-storybook/package.json
index fc87181a729f9..63a1cc08dbe56 100644
--- a/packages/next-plugin-storybook/package.json
+++ b/packages/next-plugin-storybook/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@next/plugin-storybook",
-  "version": "12.0.9-canary.1",
+  "version": "12.0.9-canary.2",
   "repository": {
     "url": "vercel/next.js",
     "directory": "packages/next-plugin-storybook"
diff --git a/packages/next-polyfill-module/package.json b/packages/next-polyfill-module/package.json
index 0f4d2a3ca3e40..33a17b46c3c97 100644
--- a/packages/next-polyfill-module/package.json
+++ b/packages/next-polyfill-module/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@next/polyfill-module",
-  "version": "12.0.9-canary.1",
+  "version": "12.0.9-canary.2",
   "description": "A standard library polyfill for ES Modules supporting browsers (Edge 16+, Firefox 60+, Chrome 61+, Safari 10.1+)",
   "main": "dist/polyfill-module.js",
   "license": "MIT",
diff --git a/packages/next-polyfill-nomodule/package.json b/packages/next-polyfill-nomodule/package.json
index 0b91efc6d1d89..07a0bf495306e 100644
--- a/packages/next-polyfill-nomodule/package.json
+++ b/packages/next-polyfill-nomodule/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@next/polyfill-nomodule",
-  "version": "12.0.9-canary.1",
+  "version": "12.0.9-canary.2",
   "description": "A polyfill for non-dead, nomodule browsers.",
   "main": "dist/polyfill-nomodule.js",
   "license": "MIT",
diff --git a/packages/next-swc/Cargo.lock b/packages/next-swc/Cargo.lock
index 4f4de2d2283da..4f93852137958 100644
--- a/packages/next-swc/Cargo.lock
+++ b/packages/next-swc/Cargo.lock
@@ -1578,9 +1578,9 @@ checksum = "6446ced80d6c486436db5c078dde11a9f73d42b57fb273121e160b84f63d894c"
 
 [[package]]
 name = "styled_components"
-version = "0.11.0"
+version = "0.12.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a1f35439f191ee7605b2d07d3e9de27d5bb2059a92bb9b25c83724ba51bd0192"
+checksum = "e3c069406751b257223213beffdc99130cc56d25b769651e4a281785b12332f8"
 dependencies = [
  "Inflector",
  "once_cell",
@@ -1594,9 +1594,9 @@ dependencies = [
 
 [[package]]
 name = "swc"
-version = "0.114.0"
+version = "0.116.6"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "80324824bb4f2b00fbcf224bd03981f0d48b73dcd9e72290664bb99dd03de9d8"
+checksum = "fb967c27c5b9945c3aebf86190a4badd704a27d053fc165803729d26cdfe90a1"
 dependencies = [
  "ahash",
  "anyhow",
@@ -1645,9 +1645,9 @@ dependencies = [
 
 [[package]]
 name = "swc_bundler"
-version = "0.101.0"
+version = "0.103.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7e4ba80b219e651c3eeb830abc7caa391e55c9ff1fd4370e5723a2cbd752ea93"
+checksum = "dd3b8c11066a904d452f70d6b2e5838beb950da6ed099fc4a8b972f51aacc5ea"
 dependencies = [
  "ahash",
  "anyhow",
@@ -1799,9 +1799,9 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_ast"
-version = "0.65.0"
+version = "0.65.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "accaa4affdc0e2f3693c9d3b325ad97e9d9534e01abe5564b9b85c5d1cacdcbb"
+checksum = "ff1aefdc512c8dfefa1de793c0e62a192bd74a7fa7e5affe3f08885751c127ee"
 dependencies = [
  "is-macro",
  "num-bigint",
@@ -1846,9 +1846,9 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_ext_transforms"
-version = "0.49.0"
+version = "0.50.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "453b8fe0dc9c5b86d4436d992f9f31a079ebbba2d47a57ff92629f68ac9f1bd8"
+checksum = "00f53e3fb1eb71059fe70497910205d86f2d148f26ed55e707598e11d5e98284"
 dependencies = [
  "phf",
  "swc_atoms",
@@ -1860,9 +1860,9 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_lints"
-version = "0.8.0"
+version = "0.9.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9cfc9ff5b9bc4ad3a104191744ed2fe41f7346fd9679a51c7dba26a77492dc47"
+checksum = "ffb1c7a86703db23938f64745d8f8336d970a6ede779d7f662b0eb680bd6ab5b"
 dependencies = [
  "auto_impl",
  "parking_lot",
@@ -1896,9 +1896,9 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_minifier"
-version = "0.68.0"
+version = "0.70.5"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "436620800b966cd41e509ba51da2ad4c2c31a3d13c48230c448019655aa7ee7b"
+checksum = "bcd1d472d08b9d43dc8bc68b4081581fe96917812a0dd4c0c27ea189d16bd0ab"
 dependencies = [
  "ahash",
  "indexmap",
@@ -1945,9 +1945,9 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_preset_env"
-version = "0.84.0"
+version = "0.86.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b064eca226637af7fa7f734fc6dd0d01b50c90418d7fce2c64da26ff89d2e4f1"
+checksum = "5d9526e01ade81f832d31b8d453593aa30a56e4538c49565fdd0b296ac1f04f2"
 dependencies = [
  "ahash",
  "anyhow",
@@ -1971,9 +1971,9 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_transforms"
-version = "0.111.1"
+version = "0.113.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ae472031803e9fddb9f9141edc3ec0c3bff5904cd08e0509f2ad88689678ce7c"
+checksum = "cd6abcf70753dafd6e04292c98a9c3d25198227df55586ead58aada57181f787"
 dependencies = [
  "swc_atoms",
  "swc_common",
@@ -1993,9 +1993,9 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_transforms_base"
-version = "0.56.0"
+version = "0.57.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "74824b2df0931ed3d84201e50138b68d1dc78a802aef9dbdec4ea0ffcea8a28b"
+checksum = "df852cb3c04bfde542f2fe4493ff0262a053a94a8da068fcb3ab2f6f40bffe8f"
 dependencies = [
  "once_cell",
  "phf",
@@ -2014,9 +2014,9 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_transforms_classes"
-version = "0.43.0"
+version = "0.44.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8a972a157b9104b7979a34556841f93e98d18d70b83c9e625b35dd390b57e59f"
+checksum = "b1b841535a8a97698a556c50fd5993a351e76b8bfd1e770ffc1b5425c1814b98"
 dependencies = [
  "swc_atoms",
  "swc_common",
@@ -2028,9 +2028,9 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_transforms_compat"
-version = "0.67.2"
+version = "0.68.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e8ffeafdf7d397926d8f6658f24dfdb4bd47ff739121110f7dac8accb58bf9b9"
+checksum = "8c335ec4c8cb999ca678330a61f4f18e6a9e45965124b8ae72c53bd047c9b816"
 dependencies = [
  "ahash",
  "arrayvec 0.7.2",
@@ -2066,9 +2066,9 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_transforms_module"
-version = "0.73.0"
+version = "0.74.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7bf082852cca04cd3b7031ddd786fc1432a3c99727bada49cd68caf473b64617"
+checksum = "691383bb754c9d0e0ea2ebd6894543280b6aeeb60cbcd02250be3381f1618095"
 dependencies = [
  "Inflector",
  "ahash",
@@ -2088,9 +2088,9 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_transforms_optimization"
-version = "0.81.0"
+version = "0.83.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "3af299ad73dc689a0516950613a9262203feff76adc3f2f14307a12bdd5835c9"
+checksum = "842d2cfb201a02be5b0bb1a1d048f4390ef95256088c87ef913b6a8de4d96991"
 dependencies = [
  "ahash",
  "dashmap",
@@ -2111,9 +2111,9 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_transforms_proposal"
-version = "0.73.0"
+version = "0.74.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "fe1cf222cfe757700ffea622589990b1b0ef0a18c85ffe6e8442ba515257aa98"
+checksum = "3d729ed8b56df0376e60a370fc267445febada7da8237610ef8322ad59a642cf"
 dependencies = [
  "either",
  "serde",
@@ -2131,9 +2131,9 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_transforms_react"
-version = "0.75.1"
+version = "0.76.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "21f85952d3cc4b7e26048bd3b2e73b20f50ca672b34dd97c8e12cfa883eacbfd"
+checksum = "47983646bacdcb436194b40ff5c3254e80839bef1ab07c79b39977c2f8fa06a3"
 dependencies = [
  "ahash",
  "base64 0.13.0",
@@ -2156,9 +2156,9 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_transforms_testing"
-version = "0.58.0"
+version = "0.59.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "460535faa436986fb82adbf52ba09309038b2f4fc96f00e67e837853a93b448e"
+checksum = "9501cf1e921623bc0edad15f957ddd96bc6e26faedae07b16482a82ff21943a2"
 dependencies = [
  "ansi_term",
  "anyhow",
@@ -2179,9 +2179,9 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_transforms_typescript"
-version = "0.77.1"
+version = "0.78.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "50560b92ecbd43ee4dea19ae763d0bde8d753c8401d76115c714cfb51f838e76"
+checksum = "19732184e9832a5908ced92448bbb530f07a66b3ca90f8f27589868a42af5256"
 dependencies = [
  "serde",
  "swc_atoms",
@@ -2196,10 +2196,11 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_utils"
-version = "0.63.0"
+version = "0.64.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a05826c1edd7d58ec97af8be523c9c15e24e6dc4c1762435bb12573d716dd7ba"
+checksum = "8105c87f59b54e49b95164efbdf346b710e0a77390e89869527ee20f68687b91"
 dependencies = [
+ "indexmap",
  "once_cell",
  "rayon",
  "swc_atoms",
@@ -2225,9 +2226,9 @@ dependencies = [
 
 [[package]]
 name = "swc_ecmascript"
-version = "0.108.1"
+version = "0.110.9"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "36c59346416fc6010a59c0fa10f19b8ba9a45bed7199005b7c452b68400fc345"
+checksum = "642f0519f5c292cbce4e339cca507745ae4d1e81b058eb820806babde66ae03a"
 dependencies = [
  "swc_ecma_ast",
  "swc_ecma_codegen",
diff --git a/packages/next-swc/crates/core/Cargo.toml b/packages/next-swc/crates/core/Cargo.toml
index e50cd9e2d9874..dcc5cca701807 100644
--- a/packages/next-swc/crates/core/Cargo.toml
+++ b/packages/next-swc/crates/core/Cargo.toml
@@ -14,20 +14,20 @@ fxhash = "0.2.1"
 pathdiff = "0.2.0"
 serde = "1"
 serde_json = "1"
-styled_components = "0.11.0"
-swc = "0.114.0"
+styled_components = "0.12.0"
+swc = "0.116.6"
 swc_atoms = "0.2.7"
 swc_common = { version = "0.17.0", features = ["concurrent", "sourcemap"] }
 swc_css = "0.46.0"
 swc_ecma_loader = { version = "0.27.0", features = ["node", "lru"] }
-swc_ecmascript = { version = "0.108.1", features = ["codegen", "minifier", "optimization", "parser", "react", "transforms", "typescript", "utils", "visit"] }
+swc_ecmascript = { version = "0.110.9", features = ["codegen", "minifier", "optimization", "parser", "react", "transforms", "typescript", "utils", "visit"] }
 swc_node_base = "0.5.1"
 swc_stylis = "0.43.0"
 tracing = {version = "0.1.28", features = ["release_max_level_off"]}
 regex = "1.5"
 
 [dev-dependencies]
-swc_ecma_transforms_testing = "0.58.0"
+swc_ecma_transforms_testing = "0.59.0"
 testing = "0.18.0"
 walkdir = "2.3.2"
 
diff --git a/packages/next-swc/crates/napi/Cargo.toml b/packages/next-swc/crates/napi/Cargo.toml
index 8ea18d4264103..d099073363dab 100644
--- a/packages/next-swc/crates/napi/Cargo.toml
+++ b/packages/next-swc/crates/napi/Cargo.toml
@@ -16,12 +16,12 @@ once_cell = "1.8.0"
 serde = "1"
 serde_json = "1"
 next-swc = { version = "0.0.0", path = "../core" }
-swc = "0.114.0"
+swc = "0.116.6"
 swc_atoms = "0.2.7"
-swc_bundler = { version = "0.101.0", features = ["concurrent"] }
+swc_bundler = { version = "0.103.0", features = ["concurrent"] }
 swc_common = { version = "0.17.0", features = ["concurrent", "sourcemap"] }
 swc_ecma_loader = { version = "0.27.0", features = ["node", "lru"] }
-swc_ecmascript = { version = "0.108.1", features = ["codegen", "minifier", "optimization", "parser", "react", "transforms", "typescript", "utils", "visit"] }
+swc_ecmascript = { version = "0.110.9", features = ["codegen", "minifier", "optimization", "parser", "react", "transforms", "typescript", "utils", "visit"] }
 swc_node_base = "0.5.1"
 
 [build-dependencies]
diff --git a/packages/next-swc/crates/wasm/Cargo.toml b/packages/next-swc/crates/wasm/Cargo.toml
index eaad371053560..7265b0adf9e7b 100644
--- a/packages/next-swc/crates/wasm/Cargo.toml
+++ b/packages/next-swc/crates/wasm/Cargo.toml
@@ -16,9 +16,9 @@ path-clean = "0.1"
 serde = {version = "1", features = ["derive"]}
 serde_json = "1"
 next-swc = { version = "0.0.0", path = "../core" }
-swc = "0.114.0"
+swc = "0.116.6"
 swc_common = { version = "0.17.0", features = ["concurrent", "sourcemap"] }
-swc_ecmascript = { version = "0.108.1", features = ["codegen", "minifier", "optimization", "parser", "react", "transforms", "typescript", "utils", "visit"] }
+swc_ecmascript = { version = "0.110.9", features = ["codegen", "minifier", "optimization", "parser", "react", "transforms", "typescript", "utils", "visit"] }
 tracing = {version = "0.1.28", features = ["release_max_level_off"]}
 wasm-bindgen = {version = "0.2", features = ["serde-serialize"]}
 wasm-bindgen-futures = "0.4.8"
diff --git a/packages/next-swc/package.json b/packages/next-swc/package.json
index fca38d964a1c0..4ddd8077c605b 100644
--- a/packages/next-swc/package.json
+++ b/packages/next-swc/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@next/swc",
-  "version": "12.0.9-canary.1",
+  "version": "12.0.9-canary.2",
   "private": true,
   "scripts": {
     "build-native": "napi build --platform --cargo-name next_swc_napi native",
diff --git a/packages/next/package.json b/packages/next/package.json
index a7bea0cb0ab42..5df41a68118fd 100644
--- a/packages/next/package.json
+++ b/packages/next/package.json
@@ -1,6 +1,6 @@
 {
   "name": "next",
-  "version": "12.0.9-canary.1",
+  "version": "12.0.9-canary.2",
   "description": "The React Framework",
   "main": "./dist/server/next.js",
   "license": "MIT",
@@ -71,7 +71,7 @@
     ]
   },
   "dependencies": {
-    "@next/env": "12.0.9-canary.1",
+    "@next/env": "12.0.9-canary.2",
     "caniuse-lite": "^1.0.30001283",
     "postcss": "8.4.5",
     "styled-jsx": "5.0.0-beta.7",
@@ -119,11 +119,11 @@
     "@hapi/accept": "5.0.2",
     "@napi-rs/cli": "1.2.1",
     "@napi-rs/triples": "1.0.3",
-    "@next/polyfill-module": "12.0.9-canary.1",
-    "@next/polyfill-nomodule": "12.0.9-canary.1",
-    "@next/react-dev-overlay": "12.0.9-canary.1",
-    "@next/react-refresh-utils": "12.0.9-canary.1",
-    "@next/swc": "12.0.9-canary.1",
+    "@next/polyfill-module": "12.0.9-canary.2",
+    "@next/polyfill-nomodule": "12.0.9-canary.2",
+    "@next/react-dev-overlay": "12.0.9-canary.2",
+    "@next/react-refresh-utils": "12.0.9-canary.2",
+    "@next/swc": "12.0.9-canary.2",
     "@peculiar/webcrypto": "1.1.7",
     "@taskr/clear": "1.1.0",
     "@taskr/esnext": "1.1.0",
diff --git a/packages/react-dev-overlay/package.json b/packages/react-dev-overlay/package.json
index 07a047a8f4aed..5497aeed21db2 100644
--- a/packages/react-dev-overlay/package.json
+++ b/packages/react-dev-overlay/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@next/react-dev-overlay",
-  "version": "12.0.9-canary.1",
+  "version": "12.0.9-canary.2",
   "description": "A development-only overlay for developing React applications.",
   "repository": {
     "url": "vercel/next.js",
diff --git a/packages/react-refresh-utils/package.json b/packages/react-refresh-utils/package.json
index 674b5d14dd269..1af41ac6466a6 100644
--- a/packages/react-refresh-utils/package.json
+++ b/packages/react-refresh-utils/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@next/react-refresh-utils",
-  "version": "12.0.9-canary.1",
+  "version": "12.0.9-canary.2",
   "description": "An experimental package providing utilities for React Refresh.",
   "repository": {
     "url": "vercel/next.js",