Short Version:
Bought the S5ii to record a 22-day canoe trip and got back to find that the camera creates a sound similar to electronic-sounding crickets, easily noticeable on any quiet scene (video samples embedded, 3 different days/locations).
S5ii owners, could you please let me know if you experience the same? You may not detect it with speakers but it's clear when monitoring with headphones on my device. Seems like it only happens when recording in full frame mode.
Long version / troubleshooting I've tried:
I record nature scenes which are often quiet and this faint ringing sound is very bad. I'm also getting a terrible amount of whistling from the wind (despite deadcat) whereas with the same mic and settings on the S5, I do not (same wind cut setting).
I've used the original S5 w/ 20-60mm extensively for video over the last year without these issues. At first I assumed the noise was the new fan (annoyingly the fan cannot be forced off in video mode for users not pushing temperature limits) but I don't think so...when I force the fan on it and monitor the sound, it's different.
Toggled on and off almost every setting (including AF and image stabilization settings) and eventually found two variables that affect the problem.
1. Continuous AF Mode
-In Mode 1, continuous AF initiates when video recording starts. Sound exists before and during recording
-In Mode 2, continuous AF works all the time, even before hitting record. Sound exists during recording but not before
-Off: Sound exists before and during recording
-These results are the opposite you'd expect if the sound is from the AF motor since the problem starts even before it engages. But ultimately the problem exists once I start recording with any of the three modes.
2. Image Area of Video
-Full frame: issue exists (even if I drop down to 1080p)
-APS-C or Pixel-by-pixel crop: issue goes away
So the only way to stop it is to shoot with a crop which is a ridiculous non-solution for anyone who shelled out the dough for a full frame camera.

In photo modes, I can still monitor my audio with the headphone jack but the sound goes away. Comes back immediately when I switch back to movie mode, so clearly it's a function that initiates for video.
Other things I've tried to isolate the issue that didn't change anything:
Bought the S5ii to record a 22-day canoe trip and got back to find that the camera creates a sound similar to electronic-sounding crickets, easily noticeable on any quiet scene (video samples embedded, 3 different days/locations).
S5ii owners, could you please let me know if you experience the same? You may not detect it with speakers but it's clear when monitoring with headphones on my device. Seems like it only happens when recording in full frame mode.
Long version / troubleshooting I've tried:
I record nature scenes which are often quiet and this faint ringing sound is very bad. I'm also getting a terrible amount of whistling from the wind (despite deadcat) whereas with the same mic and settings on the S5, I do not (same wind cut setting).
I've used the original S5 w/ 20-60mm extensively for video over the last year without these issues. At first I assumed the noise was the new fan (annoyingly the fan cannot be forced off in video mode for users not pushing temperature limits) but I don't think so...when I force the fan on it and monitor the sound, it's different.
Toggled on and off almost every setting (including AF and image stabilization settings) and eventually found two variables that affect the problem.
1. Continuous AF Mode
-In Mode 1, continuous AF initiates when video recording starts. Sound exists before and during recording
-In Mode 2, continuous AF works all the time, even before hitting record. Sound exists during recording but not before
-Off: Sound exists before and during recording
-These results are the opposite you'd expect if the sound is from the AF motor since the problem starts even before it engages. But ultimately the problem exists once I start recording with any of the three modes.
2. Image Area of Video
-Full frame: issue exists (even if I drop down to 1080p)
-APS-C or Pixel-by-pixel crop: issue goes away
So the only way to stop it is to shoot with a crop which is a ridiculous non-solution for anyone who shelled out the dough for a full frame camera.

In photo modes, I can still monitor my audio with the headphone jack but the sound goes away. Comes back immediately when I switch back to movie mode, so clearly it's a function that initiates for video.
Other things I've tried to isolate the issue that didn't change anything:
- Body and lens set to MF
- All stabilization off
- Different headphones
- Another lens (Sigma)
- Two different LUMIX 20-60 lenses
- Two different Rode Video Micro mics
- Unplugged the external mic and listened with onboard mics, sound is still there so it's not compatibility with the Rode Video Micro
- Pulled Rode mic off the hotshoe, pointed mic away from camera (directional mic) and put it physically 1ft away from the body. Sound is still there, almost like the sound is being embedded in the encoding rather than actually captured by the mic. All video formats record audio in Linear PCM so I can't change that to test it.
- Aug 28: Updated S5ii firmware to v2.1 (released Aug 22)
- Aug 29: Updated 20-60mm firmware to 1.2 (released Jan 10, 2023)
- Tried same 20-60 on my original S5 and the issue is not present.