AMD say the Steam Machine is “on track” for an early 2026 release
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During AMD’s latest earnings call that covers the fourth quarter and full year of 2025, AMD chair and CEO Lisa Su gave a small update on Valve’s Steam Machine.
It’s not really surprising that AMD would name-drop someone else’s upcoming hardware, since they’re providing the semi-custom AMD Zen 4 CPU and the semi-custom AMD RDNA3 GPU. Valve remain pretty tight-lipped about the new Steam Machine, as they’ve not said much on it at all recently.

From the call on February 3rd, Su said:
From a product standpoint, Valve is on track to begin shipping its AMD powered Steam Machine early this year.
At the same time, Su also mentioned Microsoft’s next generation Xbox too:
And development of Microsoft’s next-gen Xbox featuring an AMD semi-custom SoC is progressing well to support a launch in 2027.
The full report and links to the webcast audio can be found on the AMD website. If you listen to the call the above quotes are from about 0:13:04.
Hopefully Valve will give us pricing and release details sometime soon.
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