diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5bdeeed9af1..adc52560155 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -56,6 +56,7 @@
 * **Cloudwatch**: Add dimension filtering to CloudWatch `dimension_values()` [#10029](https://github.com/grafana/grafana/issues/10029), thx [@willyhutw](https://github.com/willyhutw)
 * **Units**: Second to HH:mm:ss formatter [#11107](https://github.com/grafana/grafana/issues/11107), thx [@gladdiologist](https://github.com/gladdiologist)
 * **Singlestat**: Add color to prefix and postfix in singlestat panel [#11143](https://github.com/grafana/grafana/pull/11143), thx [@ApsOps](https://github.com/ApsOps)
+* **Singlestat**: Fix "time of last point" shows local time when dashboard timezone set to UTC [#10338](https://github.com/grafana/grafana/issues/10338)
 * **Dashboards**: Version cleanup fails on old databases with many entries [#11278](https://github.com/grafana/grafana/issues/11278)
 * **Server**: Adjust permissions of unix socket [#11343](https://github.com/grafana/grafana/pull/11343), thx [@corny](https://github.com/corny)
 * **Shortcuts**: Add shortcut for duplicate panel [#11102](https://github.com/grafana/grafana/issues/11102)
diff --git a/public/app/core/specs/kbn.jest.ts b/public/app/core/specs/kbn.jest.ts
index 9fad1f30694..68945068043 100644
--- a/public/app/core/specs/kbn.jest.ts
+++ b/public/app/core/specs/kbn.jest.ts
@@ -101,38 +101,88 @@ describeValueFormat('d', 245, 100, 0, '35 week');
 describeValueFormat('d', 2456, 10, 0, '6.73 year');
 
 describe('date time formats', function() {
+  const epoch = 1505634997920;
+  const utcTime = moment.utc(epoch);
+  const browserTime = moment(epoch);
+
   it('should format as iso date', function() {
-    var str = kbn.valueFormats.dateTimeAsIso(1505634997920, 1);
-    expect(str).toBe(moment(1505634997920).format('YYYY-MM-DD HH:mm:ss'));
+    var expected = browserTime.format('YYYY-MM-DD HH:mm:ss');
+    var actual = kbn.valueFormats.dateTimeAsIso(epoch);
+    expect(actual).toBe(expected);
+  });
+
+  it('should format as iso date (in UTC)', function() {
+    var expected = utcTime.format('YYYY-MM-DD HH:mm:ss');
+    var actual = kbn.valueFormats.dateTimeAsIso(epoch, true);
+    expect(actual).toBe(expected);
   });
 
   it('should format as iso date and skip date when today', function() {
     var now = moment();
-    var str = kbn.valueFormats.dateTimeAsIso(now.valueOf(), 1);
-    expect(str).toBe(now.format('HH:mm:ss'));
+    var expected = now.format('HH:mm:ss');
+    var actual = kbn.valueFormats.dateTimeAsIso(now.valueOf(), false);
+    expect(actual).toBe(expected);
+  });
+
+  it('should format as iso date (in UTC) and skip date when today', function() {
+    var now = moment.utc();
+    var expected = now.format('HH:mm:ss');
+    var actual = kbn.valueFormats.dateTimeAsIso(now.valueOf(), true);
+    expect(actual).toBe(expected);
   });
 
   it('should format as US date', function() {
-    var str = kbn.valueFormats.dateTimeAsUS(1505634997920, 1);
-    expect(str).toBe(moment(1505634997920).format('MM/DD/YYYY h:mm:ss a'));
+    var expected = browserTime.format('MM/DD/YYYY h:mm:ss a');
+    var actual = kbn.valueFormats.dateTimeAsUS(epoch, false);
+    expect(actual).toBe(expected);
+  });
+
+  it('should format as US date (in UTC)', function() {
+    var expected = utcTime.format('MM/DD/YYYY h:mm:ss a');
+    var actual = kbn.valueFormats.dateTimeAsUS(epoch, true);
+    expect(actual).toBe(expected);
   });
 
   it('should format as US date and skip date when today', function() {
     var now = moment();
-    var str = kbn.valueFormats.dateTimeAsUS(now.valueOf(), 1);
-    expect(str).toBe(now.format('h:mm:ss a'));
+    var expected = now.format('h:mm:ss a');
+    var actual = kbn.valueFormats.dateTimeAsUS(now.valueOf(), false);
+    expect(actual).toBe(expected);
+  });
+
+  it('should format as US date (in UTC) and skip date when today', function() {
+    var now = moment.utc();
+    var expected = now.format('h:mm:ss a');
+    var actual = kbn.valueFormats.dateTimeAsUS(now.valueOf(), true);
+    expect(actual).toBe(expected);
   });
 
   it('should format as from now with days', function() {
     var daysAgo = moment().add(-7, 'd');
-    var str = kbn.valueFormats.dateTimeFromNow(daysAgo.valueOf(), 1);
-    expect(str).toBe('7 days ago');
+    var expected = '7 days ago';
+    var actual = kbn.valueFormats.dateTimeFromNow(daysAgo.valueOf(), false);
+    expect(actual).toBe(expected);
+  });
+
+  it('should format as from now with days (in UTC)', function() {
+    var daysAgo = moment.utc().add(-7, 'd');
+    var expected = '7 days ago';
+    var actual = kbn.valueFormats.dateTimeFromNow(daysAgo.valueOf(), true);
+    expect(actual).toBe(expected);
   });
 
   it('should format as from now with minutes', function() {
     var daysAgo = moment().add(-2, 'm');
-    var str = kbn.valueFormats.dateTimeFromNow(daysAgo.valueOf(), 1);
-    expect(str).toBe('2 minutes ago');
+    var expected = '2 minutes ago';
+    var actual = kbn.valueFormats.dateTimeFromNow(daysAgo.valueOf(), false);
+    expect(actual).toBe(expected);
+  });
+
+  it('should format as from now with minutes (in UTC)', function() {
+    var daysAgo = moment.utc().add(-2, 'm');
+    var expected = '2 minutes ago';
+    var actual = kbn.valueFormats.dateTimeFromNow(daysAgo.valueOf(), true);
+    expect(actual).toBe(expected);
   });
 });
 
diff --git a/public/app/core/utils/kbn.ts b/public/app/core/utils/kbn.ts
index f4ee7af3383..f1c782846fc 100644
--- a/public/app/core/utils/kbn.ts
+++ b/public/app/core/utils/kbn.ts
@@ -816,8 +816,8 @@ kbn.valueFormats.timeticks = function(size, decimals, scaledDecimals) {
   return kbn.valueFormats.s(size / 100, decimals, scaledDecimals);
 };
 
-kbn.valueFormats.dateTimeAsIso = function(epoch) {
-  var time = moment(epoch);
+kbn.valueFormats.dateTimeAsIso = function(epoch, isUtc) {
+  var time = isUtc ? moment.utc(epoch) : moment(epoch);
 
   if (moment().isSame(epoch, 'day')) {
     return time.format('HH:mm:ss');
@@ -825,8 +825,8 @@ kbn.valueFormats.dateTimeAsIso = function(epoch) {
   return time.format('YYYY-MM-DD HH:mm:ss');
 };
 
-kbn.valueFormats.dateTimeAsUS = function(epoch) {
-  var time = moment(epoch);
+kbn.valueFormats.dateTimeAsUS = function(epoch, isUtc) {
+  var time = isUtc ? moment.utc(epoch) : moment(epoch);
 
   if (moment().isSame(epoch, 'day')) {
     return time.format('h:mm:ss a');
@@ -834,8 +834,9 @@ kbn.valueFormats.dateTimeAsUS = function(epoch) {
   return time.format('MM/DD/YYYY h:mm:ss a');
 };
 
-kbn.valueFormats.dateTimeFromNow = function(epoch) {
-  return moment(epoch).fromNow();
+kbn.valueFormats.dateTimeFromNow = function(epoch, isUtc) {
+  var time = isUtc ? moment.utc(epoch) : moment(epoch);
+  return time.fromNow();
 };
 
 ///// FORMAT MENU /////
diff --git a/public/app/plugins/panel/singlestat/module.ts b/public/app/plugins/panel/singlestat/module.ts
index 28d3f308d68..b1996d8ffc9 100644
--- a/public/app/plugins/panel/singlestat/module.ts
+++ b/public/app/plugins/panel/singlestat/module.ts
@@ -308,7 +308,7 @@ class SingleStatCtrl extends MetricsPanelCtrl {
         let formatFunc = kbn.valueFormats[this.panel.format];
         data.value = lastPoint[1];
         data.valueRounded = data.value;
-        data.valueFormatted = formatFunc(data.value, 0, 0);
+        data.valueFormatted = formatFunc(data.value, this.dashboard.isTimezoneUtc());
       } else {
         data.value = this.series[0].stats[this.panel.valueName];
         data.flotpairs = this.series[0].flotpairs;
diff --git a/public/app/plugins/panel/singlestat/specs/singlestat_specs.ts b/public/app/plugins/panel/singlestat/specs/singlestat_specs.ts
index f80465052f9..217ec5ee04c 100644
--- a/public/app/plugins/panel/singlestat/specs/singlestat_specs.ts
+++ b/public/app/plugins/panel/singlestat/specs/singlestat_specs.ts
@@ -82,6 +82,19 @@ describe('SingleStatCtrl', function() {
     });
   });
 
+  singleStatScenario('showing last iso time instead of value (in UTC)', function(ctx) {
+    ctx.setup(function() {
+      ctx.data = [{ target: 'test.cpu1', datapoints: [[10, 12], [20, 1505634997920]] }];
+      ctx.ctrl.panel.valueName = 'last_time';
+      ctx.ctrl.panel.format = 'dateTimeAsIso';
+      ctx.setIsUtc(true);
+    });
+
+    it('should set formatted value', function() {
+      expect(ctx.data.valueFormatted).to.be(moment.utc(1505634997920).format('YYYY-MM-DD HH:mm:ss'));
+    });
+  });
+
   singleStatScenario('showing last us time instead of value', function(ctx) {
     ctx.setup(function() {
       ctx.data = [{ target: 'test.cpu1', datapoints: [[10, 12], [20, 1505634997920]] }];
@@ -99,6 +112,19 @@ describe('SingleStatCtrl', function() {
     });
   });
 
+  singleStatScenario('showing last us time instead of value (in UTC)', function(ctx) {
+    ctx.setup(function() {
+      ctx.data = [{ target: 'test.cpu1', datapoints: [[10, 12], [20, 1505634997920]] }];
+      ctx.ctrl.panel.valueName = 'last_time';
+      ctx.ctrl.panel.format = 'dateTimeAsUS';
+      ctx.setIsUtc(true);
+    });
+
+    it('should set formatted value', function() {
+      expect(ctx.data.valueFormatted).to.be(moment.utc(1505634997920).format('MM/DD/YYYY h:mm:ss a'));
+    });
+  });
+
   singleStatScenario('showing last time from now instead of value', function(ctx) {
     beforeEach(() => {
       clock = sinon.useFakeTimers(epoch);
@@ -124,6 +150,27 @@ describe('SingleStatCtrl', function() {
     });
   });
 
+  singleStatScenario('showing last time from now instead of value (in UTC)', function(ctx) {
+    beforeEach(() => {
+      clock = sinon.useFakeTimers(epoch);
+    });
+
+    ctx.setup(function() {
+      ctx.data = [{ target: 'test.cpu1', datapoints: [[10, 12], [20, 1505634997920]] }];
+      ctx.ctrl.panel.valueName = 'last_time';
+      ctx.ctrl.panel.format = 'dateTimeFromNow';
+      ctx.setIsUtc(true);
+    });
+
+    it('should set formatted value', function() {
+      expect(ctx.data.valueFormatted).to.be('2 days ago');
+    });
+
+    afterEach(() => {
+      clock.restore();
+    });
+  });
+
   singleStatScenario('MainValue should use same number for decimals as displayed when checking thresholds', function(
     ctx
   ) {
diff --git a/public/test/specs/helpers.ts b/public/test/specs/helpers.ts
index ab7fbb5698b..276d9867ec4 100644
--- a/public/test/specs/helpers.ts
+++ b/public/test/specs/helpers.ts
@@ -23,6 +23,7 @@ export function ControllerTestContext() {
       };
     },
   };
+  this.isUtc = false;
 
   this.providePhase = function(mocks) {
     return angularMocks.module(function($provide) {
@@ -46,6 +47,10 @@ export function ControllerTestContext() {
       self.$q = $q;
       self.panel = new PanelModel({ type: 'test' });
       self.dashboard = { meta: {} };
+      self.isUtc = false;
+      self.dashboard.isTimezoneUtc = function() {
+        return self.isUtc;
+      };
 
       $rootScope.appEvent = sinon.spy();
       $rootScope.onAppEvent = sinon.spy();
@@ -93,6 +98,10 @@ export function ControllerTestContext() {
       });
     });
   };
+
+  this.setIsUtc = function(isUtc = false) {
+    self.isUtc = isUtc;
+  };
 }
 
 export function ServiceTestContext() {