diff --git a/package-lock.json b/package-lock.json
index 77b942cf2..65e40d30a 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -9796,9 +9796,10 @@
       }
     },
     "node_modules/picocolors": {
-      "version": "1.0.0",
-      "resolved": "https://registry.npmjs.org/picocolors/-/picocolors-1.0.0.tgz",
-      "integrity": "sha512-1fygroTLlHu66zi26VoTDv8yRgm0Fccecssto+MhsZ0D/DGW2sm8E8AjW7NU5VVTRt5GxbeZ5qBuJr+HyLYkjQ=="
+      "version": "0.2.1",
+      "resolved": "https://registry.npmjs.org/picocolors/-/picocolors-0.2.1.tgz",
+      "integrity": "sha512-cMlDqaLEqfSaW8Z7N5Jw+lyIW869EzT73/F5lhtY9cLGoVxSXznfgfXMO0Z5K0o0Q2TkTXq+0KFsdnSe3jDViA==",
+      "dev": true
     },
     "node_modules/picomatch": {
       "version": "2.3.0",
@@ -9989,6 +9990,11 @@
         "node": ">=6.14.4"
       }
     },
+    "node_modules/postcss/node_modules/picocolors": {
+      "version": "1.0.0",
+      "resolved": "https://registry.npmjs.org/picocolors/-/picocolors-1.0.0.tgz",
+      "integrity": "sha512-1fygroTLlHu66zi26VoTDv8yRgm0Fccecssto+MhsZ0D/DGW2sm8E8AjW7NU5VVTRt5GxbeZ5qBuJr+HyLYkjQ=="
+    },
     "node_modules/precinct": {
       "version": "8.2.0",
       "resolved": "https://registry.npmjs.org/precinct/-/precinct-8.2.0.tgz",
@@ -19914,9 +19920,9 @@
       "integrity": "sha512-gDKb8aZMDeD/tZWs9P6+q0J9Mwkdl6xMV8TjnGP3qJVJ06bdMgkbBlLU8IdfOsIsFz2BW1rNVT3XuNEl8zPAvw=="
     },
     "picocolors": {
-      "version": "1.0.0",
-      "resolved": "https://registry.npmjs.org/picocolors/-/picocolors-1.0.0.tgz",
-      "integrity": "sha512-1fygroTLlHu66zi26VoTDv8yRgm0Fccecssto+MhsZ0D/DGW2sm8E8AjW7NU5VVTRt5GxbeZ5qBuJr+HyLYkjQ=="
+      "version": "https://registry.npmjs.org/picocolors/-/picocolors-0.2.1.tgz",
+      "integrity": "sha512-cMlDqaLEqfSaW8Z7N5Jw+lyIW869EzT73/F5lhtY9cLGoVxSXznfgfXMO0Z5K0o0Q2TkTXq+0KFsdnSe3jDViA==",
+      "dev": true
     },
     "picomatch": {
       "version": "2.3.0",
@@ -20036,6 +20042,13 @@
         "nanoid": "^3.1.30",
         "picocolors": "^1.0.0",
         "source-map-js": "^0.6.2"
+      },
+      "dependencies": {
+        "picocolors": {
+          "version": "1.0.0",
+          "resolved": "https://registry.npmjs.org/picocolors/-/picocolors-1.0.0.tgz",
+          "integrity": "sha512-1fygroTLlHu66zi26VoTDv8yRgm0Fccecssto+MhsZ0D/DGW2sm8E8AjW7NU5VVTRt5GxbeZ5qBuJr+HyLYkjQ=="
+        }
       }
     },
     "postcss-values-parser": {
diff --git a/package.json b/package.json
index 50af9b1d7..33685e4d8 100644
--- a/package.json
+++ b/package.json
@@ -81,7 +81,7 @@
     "p-map": "^4.0.0",
     "path-exists": "^4.0.0",
     "pkg-dir": "^5.0.0",
-    "precinct": "^8.0.0",
+    "precinct": "^8.2.0",
     "read-package-json-fast": "^2.0.2",
     "require-package-name": "^2.0.1",
     "resolve": "^2.0.0-next.1",
diff --git a/tests/fixtures/require-stream/function.js b/tests/fixtures/require-stream/function.js
new file mode 100644
index 000000000..7898118c1
--- /dev/null
+++ b/tests/fixtures/require-stream/function.js
@@ -0,0 +1,6 @@
+const streams = require('node:stream/web')
+
+exports.handler = () => ({
+  statusCode: 200,
+  body: 'streams type is ' + typeof streams,
+})
diff --git a/tests/main.js b/tests/main.js
index e6bae7113..dd88bea2d 100644
--- a/tests/main.js
+++ b/tests/main.js
@@ -2234,3 +2234,9 @@ testMany(
     files.every(({ size }) => Number.isInteger(size) && size > 0)
   },
 )
+
+testMany('Ignores node:-prefixed imports (repro #743)', ['bundler_default', 'bundler_nft'], async (options, t) => {
+  await zipFixture(t, 'require-stream', {
+    opts: options,
+  })
+})