The update went smoothly and everything seems to work fine. It was only later on when I paid attention to the boot screen that I realised that there were six MCE faults being reported.

System spec is as follows
$ inxi -F
System:
Host: latitude-solus Kernel: 6.16.5-322.current arch: x86_64 bits: 64
compiler: gcc v: 15.1.1
Desktop: KDE Plasma v: 6.4.5 Distro: Solus 4.7 endurance
Machine:
Type: Laptop System: Dell product: Inspiron 5567 v: N/A
serial: <superuser required>
Mobo: Dell model: 0KV9X5 v: A00 serial: <superuser required>
uuid: <superuser required> UEFI: Dell v: 1.5.0 date: 06/11/2021
Battery:
ID-1: BAT0 charge: 15.1 Wh (41.2%) condition: 36.5/42 Wh (87%) volts: 11.17
min: 11.4 model: SMP DELL 3CRH35B status: not charging
CPU:
Info: dual core model: Intel Core i3-7100U bits: 64 type: MT MCP
arch: Amber/Kaby Lake note: check rev: 9 cache: L1: 128 KiB L2: 512 KiB
L3: 3 MiB
Speed (MHz): avg: 1000 min/max: 400/2400 cores: 1: 1000 2: 1000 3: 1000
4: 1000 bogomips: 19200
Flags-basic: avx avx2 ht lm nx pae sse sse2 sse3 sse4_1 sse4_2 ssse3 vmx
Graphics:
Device-1: Intel HD Graphics 620 vendor: Dell driver: i915 v: kernel
arch: Gen-9.5 bus-ID: 00:02.0
Device-2: Sunplus Innovation Integrated Webcam driver: uvcvideo type: USB
bus-ID: 1-5:2
Display: wayland server: X.org v: 1.21.1.18 with: Xwayland v: 24.1.8
compositor: kwin_wayland driver: gpu: i915 resolution: 1366x768~60Hz
API: EGL v: 1.5 drivers: iris,swrast platforms:
active: gbm,wayland,x11,surfaceless,device inactive: N/A
API: OpenGL v: 4.6 compat-v: 4.5 vendor: intel mesa v: 25.2.2 glx-v: 1.4
direct-render: yes renderer: Mesa Intel HD Graphics 620 (KBL GT2)
API: Vulkan v: 1.4.313 drivers: intel,llvmpipe surfaces: N/A devices: 2
Info: Tools: api: clinfo, eglinfo, glxinfo, vulkaninfo
de: kscreen-console,kscreen-doctor wl: wayland-info
x11: xdpyinfo, xprop, xrandr
Audio:
Device-1: Intel Sunrise Point-LP HD Audio vendor: Dell driver: snd_hda_intel
v: kernel bus-ID: 00:1f.3
API: ALSA v: k6.16.5-322.current status: kernel-api
Server-1: sndiod v: N/A status: off
Server-2: PipeWire v: 1.4.2 status: active
Server-3: PulseAudio v: 17.0 status: off (using pipewire-pulse)
Network:
Device-1: Intel Wireless 3165 driver: iwlwifi v: kernel bus-ID: 01:00.0
IF: wlp1s0 state: up mac: b8:81:98:d7:18:29
Device-2: Realtek RTL810xE PCI Express Fast Ethernet vendor: Dell
driver: r8169 v: kernel port: e000 bus-ID: 02:00.0
IF: enp2s0 state: down mac: 28:f1:0e:37:a4:97
Bluetooth:
Device-1: Intel Bluetooth wireless interface driver: btusb v: 0.8 type: USB
bus-ID: 1-8:4
Report: rfkill ID: hci0 rfk-id: 0 state: up address: see --recommends
Drives:
Local Storage: total: 465.76 GiB used: 20.6 GiB (4.4%)
ID-1: /dev/sda vendor: Samsung model: SSD 840 EVO 500GB size: 465.76 GiB
Partition:
ID-1: / size: 456.77 GiB used: 20.6 GiB (4.5%) fs: f2fs dev: /dev/sda2
label: N/A uuid: a99e85e9-cffc-4149-b300-d84d585554bf
Swap:
ID-1: swap-1 type: partition size: 7.98 GiB used: 0 KiB (0.0%)
dev: /dev/sda3 label: swap uuid: 676d7ff2-6d6e-4b93-8fdb-3de805a560e0
Unmounted:
ID-1: /dev/sda1 size: 1024 MiB fs: vfat label: N/A uuid: CBA3-A440
Sensors:
System Temperatures: cpu: 34.0 C pch: 31.5 C mobo: 28.0 C sodimm: 28.0 C
Fan Speeds (rpm): cpu: 0
Info:
Memory: total: 8 GiB available: 7.65 GiB used: 2 GiB (26.1%)
Processes: 217 Uptime: 8m Init: systemd
Packages: 1075 Compilers: N/A Shell: Bash v: 5.2.37 inxi: 3.3.39
Using the LTS kernel fixes this issue. Good to know that it is not hardware that is failing.