diff --git a/common.gypi b/common.gypi
index 758d6eba189736..dc3376573e87cd 100644
--- a/common.gypi
+++ b/common.gypi
@@ -39,7 +39,7 @@
 
     # Reset this number to 0 on major V8 upgrades.
     # Increment by one for each non-official patch applied to deps/v8.
-    'v8_embedder_string': '-node.25',
+    'v8_embedder_string': '-node.26',
 
     ##### V8 defaults for Node.js #####
 
diff --git a/deps/v8/src/heap/heap.cc b/deps/v8/src/heap/heap.cc
index 45b2273c50d688..7cfc36662d052f 100644
--- a/deps/v8/src/heap/heap.cc
+++ b/deps/v8/src/heap/heap.cc
@@ -2761,6 +2761,14 @@ HeapObject Heap::AlignWithFiller(HeapObject object, int object_size,
 
 void* Heap::AllocateExternalBackingStore(
     const std::function<void*(size_t)>& allocate, size_t byte_length) {
+  size_t new_space_backing_store_bytes =
+      new_space()->ExternalBackingStoreBytes();
+  if (new_space_backing_store_bytes >= 2 * kMaxSemiSpaceSize &&
+      new_space_backing_store_bytes >= byte_length) {
+    // Performing a young generation GC amortizes over the allocated backing
+    // store bytes and may free enough external bytes for this allocation.
+    CollectGarbage(NEW_SPACE, GarbageCollectionReason::kExternalMemoryPressure);
+  }
   // TODO(ulan): Perform GCs proactively based on the byte_length and
   // the current external backing store counters.
   void* result = allocate(byte_length);
diff --git a/deps/v8/src/heap/heap.h b/deps/v8/src/heap/heap.h
index 182096f29c78d2..877aba01c09aa3 100644
--- a/deps/v8/src/heap/heap.h
+++ b/deps/v8/src/heap/heap.h
@@ -1793,10 +1793,6 @@ class Heap {
 
   void FinalizePartialMap(Map map);
 
-  // Allocate empty fixed typed array of given type.
-  V8_WARN_UNUSED_RESULT AllocationResult
-  AllocateEmptyFixedTypedArray(ExternalArrayType array_type);
-
   void set_force_oom(bool value) { force_oom_ = value; }
 
   // ===========================================================================
diff --git a/deps/v8/src/heap/spaces.h b/deps/v8/src/heap/spaces.h
index 5652042d20c131..5ec281ee074aee 100644
--- a/deps/v8/src/heap/spaces.h
+++ b/deps/v8/src/heap/spaces.h
@@ -2804,14 +2804,14 @@ class V8_EXPORT_PRIVATE NewSpace
   void Shrink();
 
   // Return the allocated bytes in the active semispace.
-  size_t Size() override {
+  size_t Size() final {
     DCHECK_GE(top(), to_space_.page_low());
     return to_space_.pages_used() *
                MemoryChunkLayout::AllocatableMemoryInDataPage() +
            static_cast<size_t>(top() - to_space_.page_low());
   }
 
-  size_t SizeOfObjects() override { return Size(); }
+  size_t SizeOfObjects() final { return Size(); }
 
   // Return the allocatable capacity of a semispace.
   size_t Capacity() {
@@ -2829,30 +2829,38 @@ class V8_EXPORT_PRIVATE NewSpace
 
   // Committed memory for NewSpace is the committed memory of both semi-spaces
   // combined.
-  size_t CommittedMemory() override {
+  size_t CommittedMemory() final {
     return from_space_.CommittedMemory() + to_space_.CommittedMemory();
   }
 
-  size_t MaximumCommittedMemory() override {
+  size_t MaximumCommittedMemory() final {
     return from_space_.MaximumCommittedMemory() +
            to_space_.MaximumCommittedMemory();
   }
 
   // Approximate amount of physical memory committed for this space.
-  size_t CommittedPhysicalMemory() override;
+  size_t CommittedPhysicalMemory() final;
 
   // Return the available bytes without growing.
-  size_t Available() override {
+  size_t Available() final {
     DCHECK_GE(Capacity(), Size());
     return Capacity() - Size();
   }
 
-  size_t ExternalBackingStoreBytes(
-      ExternalBackingStoreType type) const override {
+  size_t ExternalBackingStoreBytes(ExternalBackingStoreType type) const final {
     DCHECK_EQ(0, from_space_.ExternalBackingStoreBytes(type));
     return to_space_.ExternalBackingStoreBytes(type);
   }
 
+  size_t ExternalBackingStoreBytes() {
+    size_t result = 0;
+    for (int i = 0; i < ExternalBackingStoreType::kNumTypes; i++) {
+      result +=
+          ExternalBackingStoreBytes(static_cast<ExternalBackingStoreType>(i));
+    }
+    return result;
+  }
+
   size_t AllocatedSinceLastGC() {
     const Address age_mark = to_space_.age_mark();
     DCHECK_NE(age_mark, kNullAddress);
diff --git a/deps/v8/test/cctest/heap/test-heap.cc b/deps/v8/test/cctest/heap/test-heap.cc
index 03f98c64537f22..53454f3e2f409a 100644
--- a/deps/v8/test/cctest/heap/test-heap.cc
+++ b/deps/v8/test/cctest/heap/test-heap.cc
@@ -6823,6 +6823,27 @@ TEST(CodeObjectRegistry) {
   CHECK(MemoryChunk::FromAddress(code2_address)->Contains(code2_address));
 }
 
+TEST(Regress9701) {
+  ManualGCScope manual_gc_scope;
+  if (!FLAG_incremental_marking) return;
+  CcTest::InitializeVM();
+  Heap* heap = CcTest::heap();
+  // Start with an empty new space.
+  CcTest::CollectGarbage(NEW_SPACE);
+  CcTest::CollectGarbage(NEW_SPACE);
+
+  int mark_sweep_count_before = heap->ms_count();
+  // Allocate many short living array buffers.
+  for (int i = 0; i < 1000; i++) {
+    HandleScope scope(heap->isolate());
+    CcTest::i_isolate()->factory()->NewJSArrayBufferAndBackingStore(
+        64 * KB, InitializedFlag::kZeroInitialized);
+  }
+  int mark_sweep_count_after = heap->ms_count();
+  // We expect only scavenges, no full GCs.
+  CHECK_EQ(mark_sweep_count_before, mark_sweep_count_after);
+}
+
 }  // namespace heap
 }  // namespace internal
 }  // namespace v8