During its latest earnings call, AMD CEO Lisa Su said that Valve is “on track” to begin shipping Steam Machine early this year, offering the clearest official-adjacent timeline yet for the long-awaited hardware.
Valve first revealed the new Steam Machine alongside a new controller and VR Headset on November 12, 2025, but has not announced a release date or price.
Su’s comments came while discussing AMD’s gaming division and future console revenue, placing the update inside broader business guidance rather than a dedicated hardware reveal.
AMD earnings call hints at Steam Machine launch window
Speaking during the call, Su noted that gaming revenue increased 50% year-over-year to $843 million.
“Semi-custom sales increased year-over-year and declined sequentially as expected. For 2026, we expect semi-custom SoC annual revenue to decline by a significant double-digit percentage as we enter the seventh year of what has been a very strong console cycle,” she said.
“From a product standpoint, Valve is on track to begin shipping its AMD-powered Steam Machine early this year.”
Valve has not publicly confirmed that window, nor has it shared pricing details. In the earnings call, Lisa Su also revealed that Microsoft is on track to release the next-gen Xbox console in 2027.
The new Steam Machine has been positioned as a mid-range, gaming-focused PC running SteamOS, designed to be more accessible than a traditional desktop setup while offering higher performance than most entry-level systems.
Discussion around pricing intensified last year after Linus Sebastian said the device was unlikely to follow a traditional console model around $500, referencing conversations with Valve staff.
In a separate interview last year, Valve designers Lawrence Yang and Pierre-Loup Griffais spoke about where the system might land without confirming a figure.
Griffais said the company targeted performance above most PCs tracked in Valve’s hardware survey, explaining:
“We have looked at that number as part of speccing the machine, so it’s possible it’s evolved a little bit over time, but I think ballpark, it’s about there,” he said.
“I think that if you build a PC from parts and get to basically the same level of performance, that’s the general price window that we aim to be at. Ideally, we’d be pretty competitive with that and have a pretty good deal, but we’re working on refining that as we speak. Right now is just a hard time to have a really good idea of what the price is going to be because there’s a lot of different things… a lot of external things.”
The news from AMD comes as RAM shortages across the world are causing computer prices to skyrocket, including computer graphics cards and storage.
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