diff --git a/packages/manager/.changeset/pr-10597-fixed-1718893685492.md b/packages/manager/.changeset/pr-10597-fixed-1718893685492.md
new file mode 100644
index 00000000000..bce06d11bc7
--- /dev/null
+++ b/packages/manager/.changeset/pr-10597-fixed-1718893685492.md
@@ -0,0 +1,5 @@
+---
+"@linode/manager": Fixed
+---
+
+fix: [M3-8274] - Fix parsing issue causing in Kubernetes Version field ([#10597](https://github.com/linode/manager/pull/10597))
diff --git a/packages/manager/src/features/Kubernetes/kubeUtils.test.ts b/packages/manager/src/features/Kubernetes/kubeUtils.test.ts
index 30f67b917be..35619fcce5f 100644
--- a/packages/manager/src/features/Kubernetes/kubeUtils.test.ts
+++ b/packages/manager/src/features/Kubernetes/kubeUtils.test.ts
@@ -5,7 +5,10 @@ import {
 } from 'src/factories';
 import { extendType } from 'src/utilities/extendType';
 
-import { getTotalClusterMemoryCPUAndStorage } from './kubeUtils';
+import {
+  getLatestVersion,
+  getTotalClusterMemoryCPUAndStorage,
+} from './kubeUtils';
 
 describe('helper functions', () => {
   const badPool = nodePoolFactory.build({
@@ -64,4 +67,39 @@ describe('helper functions', () => {
       });
     });
   });
+  describe('getLatestVersion', () => {
+    it('should return the correct latest version from a list of versions', () => {
+      const versions = [
+        { label: '1.00', value: '1.00' },
+        { label: '1.10', value: '1.10' },
+        { label: '2.00', value: '2.00' },
+      ];
+      const result = getLatestVersion(versions);
+      expect(result).toEqual({ label: '2.00', value: '2.00' });
+    });
+
+    it('should handle latest version minor version correctly', () => {
+      const versions = [
+        { label: '1.22', value: '1.22' },
+        { label: '1.23', value: '1.23' },
+        { label: '1.30', value: '1.30' },
+      ];
+      const result = getLatestVersion(versions);
+      expect(result).toEqual({ label: '1.30', value: '1.30' });
+    });
+    it('should handle latest patch version correctly', () => {
+      const versions = [
+        { label: '1.22', value: '1.30' },
+        { label: '1.23', value: '1.15' },
+        { label: '1.30', value: '1.50.1' },
+        { label: '1.30', value: '1.50' },
+      ];
+      const result = getLatestVersion(versions);
+      expect(result).toEqual({ label: '1.50.1', value: '1.50.1' });
+    });
+    it('should return default fallback value when called with empty versions', () => {
+      const result = getLatestVersion([]);
+      expect(result).toEqual({ label: '', value: '' });
+    });
+  });
 });
diff --git a/packages/manager/src/features/Kubernetes/kubeUtils.ts b/packages/manager/src/features/Kubernetes/kubeUtils.ts
index 9b91404a0ec..0189a5b2dfd 100644
--- a/packages/manager/src/features/Kubernetes/kubeUtils.ts
+++ b/packages/manager/src/features/Kubernetes/kubeUtils.ts
@@ -1,3 +1,5 @@
+import { sortByVersion } from 'src/utilities/sort-by';
+
 import type { Account } from '@linode/api-v4/lib/account';
 import type {
   KubeNodePoolResponse,
@@ -6,7 +8,6 @@ import type {
 } from '@linode/api-v4/lib/kubernetes';
 import type { Region } from '@linode/api-v4/lib/regions';
 import type { ExtendedType } from 'src/utilities/extendType';
-
 export const nodeWarning = `We recommend a minimum of 3 nodes in each Node Pool to avoid downtime during upgrades and maintenance.`;
 export const nodesDeletionWarning = `All nodes will be deleted and new nodes will be created to replace them.`;
 export const localStorageWarning = `Any local storage (such as \u{2019}hostPath\u{2019} volumes) will be erased.`;
@@ -111,15 +112,40 @@ export const getKubeHighAvailability = (
   };
 };
 
+/**
+ * Retrieves the latest version from an array of version objects.
+ *
+ * This function sorts an array of objects containing version information and returns the object
+ * with the highest version number. The sorting is performed in ascending order based on the
+ * `value` property of each object, and the last element of the sorted array, which represents
+ * the latest version, is returned.
+ *
+ * @param {{label: string, value: string}[]} versions - An array of objects with `label` and `value`
+ *                                                      properties where `value` is a version string.
+ * @returns {{label: string, value: string}} Returns the object with the highest version number.
+ *                                           If the array is empty, returns an default fallback object.
+ *
+ * @example
+ * // Returns the latest version object
+ * getLatestVersion([
+ *   { label: 'Version 1.1', value: '1.1' },
+ *   { label: 'Version 2.0', value: '2.0' }
+ * ]);
+ * // Output: { label: '2.0', value: '2.0' }
+ */
 export const getLatestVersion = (
   versions: { label: string; value: string }[]
-) => {
-  const versionsNumbersArray: number[] = [];
+): { label: string; value: string } => {
+  const sortedVersions = versions.sort((a, b) => {
+    return sortByVersion(a.value, b.value, 'asc');
+  });
+
+  const latestVersion = sortedVersions.pop();
 
-  for (const element of versions) {
-    versionsNumbersArray.push(parseFloat(element.value));
+  if (!latestVersion) {
+    // Return a default fallback object
+    return { label: '', value: '' };
   }
-  const latestVersionValue = Math.max.apply(null, versionsNumbersArray);
 
-  return { label: `${latestVersionValue}`, value: `${latestVersionValue}` };
+  return { label: `${latestVersion.value}`, value: `${latestVersion.value}` };
 };
diff --git a/packages/manager/src/utilities/sort-by.test.ts b/packages/manager/src/utilities/sort-by.test.ts
new file mode 100644
index 00000000000..dd1760f419e
--- /dev/null
+++ b/packages/manager/src/utilities/sort-by.test.ts
@@ -0,0 +1,38 @@
+import { sortByVersion } from './sort-by';
+
+describe('sortByVersion', () => {
+  it('should identify the later major version as greater', () => {
+    const result = sortByVersion('2.0.0', '1.0.0', 'asc');
+    expect(result).toBeGreaterThan(0);
+  });
+
+  it('should identify the later minor version as greater', () => {
+    const result = sortByVersion('1.2.0', '1.1.0', 'asc');
+    expect(result).toBeGreaterThan(0);
+  });
+
+  it('should identify the later patch version as greater', () => {
+    const result = sortByVersion('1.1.2', '1.1.1', 'asc');
+    expect(result).toBeGreaterThan(0);
+  });
+  
+  it('should identify the later minor version with differing number of digits', () => {
+    const result = sortByVersion('1.30', '1.3', 'asc');
+    expect(result).toBeGreaterThan(0);
+  });
+
+  it('should return negative when the first version is earlier in ascending order', () => {
+    const result = sortByVersion('1.0.0', '2.0.0', 'asc');
+    expect(result).toBeLessThan(0);
+  });
+
+  it('should return positive when the first version is earlier in descending order', () => {
+    const result = sortByVersion('1.0.0', '2.0.0', 'desc');
+    expect(result).toBeGreaterThan(0);
+  });
+
+  it('should return zero when versions are equal', () => {
+    const result = sortByVersion('1.2.3', '1.2.3', 'asc');
+    expect(result).toEqual(0);
+  });
+});
diff --git a/packages/manager/src/utilities/sort-by.ts b/packages/manager/src/utilities/sort-by.ts
index 51753c9e809..8724e5ffbd5 100644
--- a/packages/manager/src/utilities/sort-by.ts
+++ b/packages/manager/src/utilities/sort-by.ts
@@ -45,3 +45,56 @@ export const sortByArrayLength = (a: any[], b: any[], order: SortOrder) => {
 
   return order === 'asc' ? result : -result;
 };
+
+/**
+ * Compares two semantic version strings based on the specified order.
+ *
+ * This function splits each version string into its constituent parts (major, minor, patch),
+ * compares them numerically, and returns a positive number, zero, or a negative number
+ * based on the specified sorting order. If components are missing in either version,
+ * they are treated as zero.
+ *
+ * @param {string} a - The first version string to compare.
+ * @param {string} b - The second version string to compare.
+ * @param {SortOrder} order - The order to sort by, can be 'asc' for ascending or 'desc' for descending.
+ * @returns {number} Returns a positive number if version `a` is greater than `b` according to the sort order,
+ *                   zero if they are equal, and a negative number if `b` is greater than `a`.
+ *
+ * @example
+ * // returns a positive number
+ * sortByVersion('1.2.3', '1.2.2', 'asc');
+ *
+ * @example
+ * // returns zero
+ * sortByVersion('1.2.3', '1.2.3', 'asc');
+ *
+ * @example
+ * // returns a negative number
+ * sortByVersion('1.2.3', '1.2.4', 'asc');
+ */
+
+export const sortByVersion = (
+  a: string,
+  b: string,
+  order: SortOrder
+): number => {
+  const aParts = a.split('.');
+  const bParts = b.split('.');
+
+  const result = (() => {
+    for (let i = 0; i < Math.max(aParts.length, bParts.length); i += 1) {
+      // If one version has a part and another doesn't (e.g. 3.1 vs 3.1.1),
+      // treat the missing part as 0.
+      const aNumber = Number(aParts[i]) || 0;
+      const bNumber = Number(bParts[i]) || 0;
+      const diff = aNumber - bNumber;
+
+      if (diff !== 0) {
+        return diff;
+      }
+    }
+    return 0;
+  })();
+
+  return order === 'asc' ? result : -result;
+};