diff --git a/.yarnrc.yml b/.yarnrc.yml
index ff4d9c0ab92..1eb1c359bb8 100644
--- a/.yarnrc.yml
+++ b/.yarnrc.yml
@@ -3,3 +3,5 @@ nmHoistingLimits: none
 nodeLinker: node-modules
 
 yarnPath: .yarn/releases/yarn-4.6.0.cjs
+
+npmRegistryServer: "https://registry.npmjs.org/"
diff --git a/packages/eui-theme-borealis/package.json b/packages/eui-theme-borealis/package.json
index 334c7aebe99..6008f999724 100644
--- a/packages/eui-theme-borealis/package.json
+++ b/packages/eui-theme-borealis/package.json
@@ -32,7 +32,7 @@
     "@babel/preset-env": "^7.21.5",
     "@babel/preset-react": "^7.18.6",
     "@babel/preset-typescript": "^7.21.5",
-    "@elastic/eui-theme-common": "workspace:^",
+    "@elastic/eui-theme-common": "workspace:*",
     "@types/chroma-js": "^2.4.0",
     "@types/jest": "^29.5.12",
     "@types/prettier": "2.7.3",
diff --git a/packages/eui-theme-common/package.json b/packages/eui-theme-common/package.json
index d19ef7fdc02..acbf18d18be 100644
--- a/packages/eui-theme-common/package.json
+++ b/packages/eui-theme-common/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@elastic/eui-theme-common",
-  "version": "0.0.9",
+  "version": "0.0.11",
   "description": "EUI theme common",
   "license": "SEE LICENSE IN LICENSE.txt",
   "scripts": {
diff --git a/packages/eui/package.json b/packages/eui/package.json
index 8e7de031d5d..e4adeabe88d 100644
--- a/packages/eui/package.json
+++ b/packages/eui/package.json
@@ -52,7 +52,7 @@
     "url": "https://github.com/elastic/eui.git"
   },
   "dependencies": {
-    "@elastic/eui-theme-common": "workspace:^",
+    "@elastic/eui-theme-common": "workspace:*",
     "@elastic/prismjs-esql": "^1.0.0",
     "@hello-pangea/dnd": "^16.6.0",
     "@types/lodash": "^4.14.202",
@@ -106,7 +106,7 @@
     "@cypress/webpack-dev-server": "^1.7.0",
     "@elastic/charts": "^64.1.0",
     "@elastic/datemath": "^5.0.3",
-    "@elastic/eui-theme-borealis": "workspace:^",
+    "@elastic/eui-theme-borealis": "workspace:*",
     "@emotion/babel-preset-css-prop": "^11.11.0",
     "@emotion/cache": "^11.11.0",
     "@emotion/css": "^11.11.0",
diff --git a/packages/release-cli/src/steps/update_versions.ts b/packages/release-cli/src/steps/update_versions.ts
index 13ad1a21d95..d9a5bab378a 100644
--- a/packages/release-cli/src/steps/update_versions.ts
+++ b/packages/release-cli/src/steps/update_versions.ts
@@ -19,7 +19,12 @@ import {
   deleteObsoleteChangelogs,
   updateChangelogContent,
 } from '../update_changelog';
-import { getUpcomingVersion, getVersionTypeFromChangelog } from '../version';
+import {
+  getUniqueSnapshotId,
+  getUpcomingSnapshotVersion,
+  getUpcomingVersion,
+  getVersionTypeFromChangelog,
+} from '../version';
 import { commitFiles, isFileAddedToGit, stageFiles } from '../git_utils';
 
 /**
@@ -37,6 +42,7 @@ export const stepUpdateVersions = async (
   const filesToCommit: string[] = [];
   const changedWorkspaces: YarnWorkspace[] = [];
   const rootWorkspaceDir = getRootWorkspaceDir();
+  const snapshotId = getUniqueSnapshotId();
 
   for (const workspace of workspaces) {
     logger.debug(`Calculating changes in ${workspace.name}`);
@@ -44,42 +50,49 @@ export const stepUpdateVersions = async (
     const workspaceDir = path.join(rootWorkspaceDir, workspace.location);
     const currentVersion = await getWorkspacePackageVersion(workspaceDir);
 
-    const { changelogMap, changelog, hasChanges, processedChangelogFiles } =
-      await collateChangelogFiles(workspaceDir);
+    if (options.type === 'snapshot') {
+      const newVersion = getUpcomingSnapshotVersion(currentVersion, snapshotId);
+      await updateWorkspaceVersion(workspace.name, newVersion);
 
-    if (!hasChanges) {
-      logger.debug(`[${workspace.name}] No changes detected`);
-      continue;
-    }
+      logger.info(`[${workspace.name}] Updating version ${currentVersion} -> ${newVersion}`);
+    } else {
+      const { changelogMap, changelog, hasChanges, processedChangelogFiles } =
+        await collateChangelogFiles(workspaceDir);
 
-    const versionType = getVersionTypeFromChangelog(changelogMap);
-    const newVersion = getUpcomingVersion(currentVersion, versionType);
+      if (!hasChanges) {
+        logger.debug(`[${workspace.name}] No changes detected`);
+        continue;
+      }
 
-    const statsStr = Object.entries(changelogMap)
-      .filter(([_, items]) => items.length)
-      .map(([name, items]) => `${items.length} ${name.toLowerCase()}`);
+      const versionType = getVersionTypeFromChangelog(changelogMap);
+      const newVersion = getUpcomingVersion(currentVersion, versionType);
 
-    logger.info(
-      `[${workspace.name}] Updating version ${currentVersion} -> ${newVersion} (${versionType} update; ${statsStr})`
-    );
+      const statsStr = Object.entries(changelogMap)
+        .filter(([_, items]) => items.length)
+        .map(([name, items]) => `${items.length} ${name.toLowerCase()}`);
 
-    const updatedYearChangelogPath = await updateChangelogContent(
-      workspaceDir,
-      changelog,
-      newVersion
-    );
-    await deleteObsoleteChangelogs(processedChangelogFiles);
+      logger.info(
+        `[${workspace.name}] Updating version ${currentVersion} -> ${newVersion} (${versionType} update; ${statsStr})`
+      );
 
-    // Update package.json version string
-    await updateWorkspaceVersion(workspace.name, newVersion);
+      const updatedYearChangelogPath = await updateChangelogContent(
+        workspaceDir,
+        changelog,
+        newVersion
+      );
+      await deleteObsoleteChangelogs(processedChangelogFiles);
 
-    filesToCommit.push(getWorkspacePackageJsonPath(workspaceDir));
-    filesToCommit.push(updatedYearChangelogPath);
+      // Update package.json version string
+      await updateWorkspaceVersion(workspace.name, newVersion);
 
-    // Only stage and commit changelog files that are added to git (versioned)
-    for (const file of processedChangelogFiles) {
-      if (await isFileAddedToGit(file)) {
-        filesToCommit.push(file);
+      filesToCommit.push(getWorkspacePackageJsonPath(workspaceDir));
+      filesToCommit.push(updatedYearChangelogPath);
+
+      // Only stage and commit changelog files that are added to git (versioned)
+      for (const file of processedChangelogFiles) {
+        if (await isFileAddedToGit(file)) {
+          filesToCommit.push(file);
+        }
       }
     }
 
@@ -90,16 +103,18 @@ export const stepUpdateVersions = async (
     throw new Error('There are no changes to release');
   }
 
-  // Stage yarn.lock changes
-  const yarnLockPath = path.join(rootWorkspaceDir, 'yarn.lock');
-  filesToCommit.push(yarnLockPath);
-  await stageFiles([yarnLockPath]);
+  if (options.type !== 'snapshot') {
+    // Stage yarn.lock changes
+    const yarnLockPath = path.join(rootWorkspaceDir, 'yarn.lock');
+    filesToCommit.push(yarnLockPath);
+    await stageFiles([yarnLockPath]);
 
-  // Stage updated package.json files
-  await stageFiles(filesToCommit);
+    // Stage updated package.json files
+    await stageFiles(filesToCommit);
 
-  // Commit all package.json files and yarn.lock
-  await commitFiles('chore: update package versions [skip ci]', filesToCommit);
+    // Commit all package.json files and yarn.lock
+    await commitFiles('chore: update package versions [skip ci]', filesToCommit);
+  }
 
   return changedWorkspaces;
 };
diff --git a/packages/release-cli/src/version.ts b/packages/release-cli/src/version.ts
index d8c1a3ef27c..82fac2da8ac 100644
--- a/packages/release-cli/src/version.ts
+++ b/packages/release-cli/src/version.ts
@@ -56,6 +56,16 @@ export const getUpcomingVersion = (currentVersion: string, target: string): stri
   return [major, minor, patch].join('.');
 };
 
+export const getUpcomingSnapshotVersion = (currentVersion: string, uniqueId: string): string => {
+  // remove preid part of the version string if exists
+  const [version, _] = currentVersion.split('-');
+  return `${version}-snapshot.${uniqueId}`;
+};
+
+export const getUniqueSnapshotId = () => {
+  return Date.now().toString();
+}
+
 export const getVersionTypeFromChangelog = (changelogMap: ChangelogMap): VersionType => {
   const hasFeatures = changelogMap['Features'].length > 0;
   const hasBugFixes = changelogMap['Bug fixes'].length > 0;
diff --git a/yarn.lock b/yarn.lock
index 209b9cdc5a9..da00c7c3d8c 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -4672,7 +4672,7 @@ __metadata:
   languageName: unknown
   linkType: soft
 
-"@elastic/eui-theme-borealis@workspace:^, @elastic/eui-theme-borealis@workspace:packages/eui-theme-borealis":
+"@elastic/eui-theme-borealis@workspace:*, @elastic/eui-theme-borealis@workspace:^, @elastic/eui-theme-borealis@workspace:packages/eui-theme-borealis":
   version: 0.0.0-use.local
   resolution: "@elastic/eui-theme-borealis@workspace:packages/eui-theme-borealis"
   dependencies:
@@ -4681,7 +4681,7 @@ __metadata:
     "@babel/preset-env": "npm:^7.21.5"
     "@babel/preset-react": "npm:^7.18.6"
     "@babel/preset-typescript": "npm:^7.21.5"
-    "@elastic/eui-theme-common": "workspace:^"
+    "@elastic/eui-theme-common": "workspace:*"
     "@types/chroma-js": "npm:^2.4.0"
     "@types/jest": "npm:^29.5.12"
     "@types/prettier": "npm:2.7.3"
@@ -4706,7 +4706,7 @@ __metadata:
   languageName: unknown
   linkType: soft
 
-"@elastic/eui-theme-common@workspace:^, @elastic/eui-theme-common@workspace:packages/eui-theme-common":
+"@elastic/eui-theme-common@workspace:*, @elastic/eui-theme-common@workspace:^, @elastic/eui-theme-common@workspace:packages/eui-theme-common":
   version: 0.0.0-use.local
   resolution: "@elastic/eui-theme-common@workspace:packages/eui-theme-common"
   dependencies:
@@ -4822,8 +4822,8 @@ __metadata:
     "@cypress/webpack-dev-server": "npm:^1.7.0"
     "@elastic/charts": "npm:^64.1.0"
     "@elastic/datemath": "npm:^5.0.3"
-    "@elastic/eui-theme-borealis": "workspace:^"
-    "@elastic/eui-theme-common": "workspace:^"
+    "@elastic/eui-theme-borealis": "workspace:*"
+    "@elastic/eui-theme-common": "workspace:*"
     "@elastic/prismjs-esql": "npm:^1.0.0"
     "@emotion/babel-preset-css-prop": "npm:^11.11.0"
     "@emotion/cache": "npm:^11.11.0"