During AMD’s Q4 2025 earnings call, CEO Dr. Lisa Su officially confirmed that Valve’s Steam Machine is making a return to the console market. Su explicitly stated that the new Steam Machine is “on track” and is set to begin shipping in “early 2026.”
Valve is likely attempting to address its mistakes with the initial Steam Machines in 2018 while continuing to build on its success with SteamOS and the Steam Deck. While Su hasn’t confirmed pricing, given the current RAM and storage supply situation, we do not expect prices below $500.
Here’s what Su stated:
“From a product standpoint, Valve is on track to begin shipping its AMD-powered Steam Machine early this year.”
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Upcoming Steam Machine specifications and architecture
Unlike the Steam Deck, which is a handheld, the new Steam Machine is a dedicated home console designed to compete directly with the PlayStation 5 and Xbox Series X. The confirmed specifications, which include a Zen 4 SoC, RDNA 3 graphics, and the company’s target 4K resolution, suggest it is a console-killer rather than a portable device.
Based on Su’s statement, the end silicon is finalized, and distribution logistics are the main focus. The “early 2026” window strongly suggests that Valve is going head-to-head with the traditional console market and plans to showcase its massive Steam library to a wide range of gamers.
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Expected price analysis
While Su hasn’t shared any pricing details, stating any number right now would be an inference, not a confirmation. Furthermore, if Valve is genuinely targeting a “living-room 4K” experience with fairly modern AMD hardware, it is likely facing significant bill of materials (BOM) pressure. Given the current RAM and storage supply situation, Su’s confirmation that the hardware is coming feels relieving.
The cost of essential non-silicon components, such as cooling, power delivery, and a chassis built for airflow, makes an exact quote difficult. This is because PSUs have also seen a surge in pricing just after RAM and SSD.
Realistically, a $649-$699 range seems much more sensible for assembling the hardware required to maintain 4K performance. However, international pricing will almost certainly carry a significant premium due to import taxes.
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Edited by Rachel Syiemlieh
