diff --git a/packages/grafana-ui/src/components/Menu/Menu.story.tsx b/packages/grafana-ui/src/components/Menu/Menu.story.tsx
index 2c72671a348..e162baaf18b 100644
--- a/packages/grafana-ui/src/components/Menu/Menu.story.tsx
+++ b/packages/grafana-ui/src/components/Menu/Menu.story.tsx
@@ -98,11 +98,11 @@ export function Examples() {
           </Menu.Group>
         </Menu>
       </StoryExample>
-      <StoryExample name="With submenu">
+      <StoryExample name="With submenu and shortcuts">
         <Menu>
-          <Menu.Item label="item1" icon="history" />
+          <Menu.Item label="item1" icon="history" shortcut="q p" />
           <Menu.Item
-            label="item2"
+            label="Item with a very long title"
             icon="apps"
             childItems={[
               <Menu.Item key="subitem1" label="subitem1" icon="history" />,
@@ -118,8 +118,17 @@ export function Examples() {
                 ]}
               />,
             ]}
+            shortcut="p s"
+          />
+          <Menu.Item
+            label="item3"
+            icon="filter"
+            childItems={[
+              <Menu.Item key="subitem1" label="subitem1" icon="history" />,
+              <Menu.Item key="subitem2" label="subitem2" icon="apps" />,
+              <Menu.Item key="subitem3" label="subitem3" icon="search-plus" />,
+            ]}
           />
-          <Menu.Item label="item3" icon="filter" />
         </Menu>
       </StoryExample>
     </VerticalGroup>
diff --git a/packages/grafana-ui/src/components/Menu/MenuItem.tsx b/packages/grafana-ui/src/components/Menu/MenuItem.tsx
index 47c9940a6b8..c511d402b2a 100644
--- a/packages/grafana-ui/src/components/Menu/MenuItem.tsx
+++ b/packages/grafana-ui/src/components/Menu/MenuItem.tsx
@@ -44,6 +44,8 @@ export interface MenuItemProps<T = any> {
   childItems?: Array<ReactElement<MenuItemProps>>;
   /** Custom style for SubMenu */
   customSubMenuContainerStyles?: CSSProperties;
+  /** Shortcut key combination */
+  shortcut?: string;
 }
 
 /** @internal */
@@ -65,6 +67,7 @@ export const MenuItem = React.memo(
       role = 'menuitem',
       tabIndex = -1,
       customSubMenuContainerStyles,
+      shortcut,
     } = props;
     const styles = useStyles2(getStyles);
     const [isActive, setIsActive] = useState(active);
@@ -132,6 +135,8 @@ export const MenuItem = React.memo(
       localRef?.current?.focus();
     };
 
+    const hasShortcut = Boolean(shortcut && shortcut.length > 0);
+
     return (
       <ItemElement
         target={target}
@@ -153,18 +158,26 @@ export const MenuItem = React.memo(
         <>
           {icon && <Icon name={icon} className={styles.icon} aria-hidden />}
           {label}
-        </>
 
-        {hasSubMenu && (
-          <SubMenu
-            items={childItems}
-            isOpen={isSubMenuOpen}
-            openedWithArrow={openedWithArrow}
-            setOpenedWithArrow={setOpenedWithArrow}
-            close={closeSubMenu}
-            customStyle={customSubMenuContainerStyles}
-          />
-        )}
+          <div className={cx(styles.rightWrapper, { [styles.withShortcut]: hasShortcut })}>
+            {hasShortcut && (
+              <div className={styles.shortcut}>
+                <Icon name="keyboard" aria-hidden />
+                {shortcut}
+              </div>
+            )}
+            {hasSubMenu && (
+              <SubMenu
+                items={childItems}
+                isOpen={isSubMenuOpen}
+                openedWithArrow={openedWithArrow}
+                setOpenedWithArrow={setOpenedWithArrow}
+                close={closeSubMenu}
+                customStyle={customSubMenuContainerStyles}
+              />
+            )}
+          </div>
+        </>
       </ItemElement>
     );
   })
@@ -238,5 +251,24 @@ const getStyles = (theme: GrafanaTheme2) => {
       margin-left: -4px;
       color: ${theme.colors.text.secondary};
     `,
+    rightWrapper: css`
+      display: flex;
+      align-items: center;
+      margin-left: auto;
+    `,
+    shortcutIcon: css`
+      margin-right: ${theme.spacing(1)};
+    `,
+    withShortcut: css`
+      min-width: ${theme.spacing(10.5)};
+    `,
+    shortcut: css`
+      display: flex;
+      align-items: center;
+      gap: ${theme.spacing(1)};
+      margin-left: ${theme.spacing(2)};
+      color: ${theme.colors.text.secondary};
+      opacity: 0.7;
+    `,
   };
 };
diff --git a/packages/grafana-ui/src/components/Menu/SubMenu.tsx b/packages/grafana-ui/src/components/Menu/SubMenu.tsx
index 7ab86d04bf3..5de7e13a1f6 100644
--- a/packages/grafana-ui/src/components/Menu/SubMenu.tsx
+++ b/packages/grafana-ui/src/components/Menu/SubMenu.tsx
@@ -74,7 +74,7 @@ const getStyles = (theme: GrafanaTheme2) => {
     `,
     icon: css`
       opacity: 0.7;
-      margin-left: ${theme.spacing(2)};
+      margin-left: ${theme.spacing(1)};
       color: ${theme.colors.text.secondary};
     `,
     itemsWrapper: css`