Valve Prices Steam Machine Models Between $1,049 and $1,428, Higher Than Competing Consoles

Valve announced prices for its Steam Machine on June 22, 2026. The base model with 512 GB of memory costs $1,049, while the same unit bundled with a Steam Controller is priced at $1,128. The 2 TB version costs $1,349, or $1,428 when paired with the controller.

The device was delayed in February due to the memory crisis. Valve stated in a blog post that it views the Steam Machine as an extension of PC gaming rather than a console. “The traditional console model is to sell hardware at a loss and make up the revenue with subscription services or by selling games that are locked-in to the hardware,” the company said.

The Steam Machine carries higher prices than competing consoles. A 2 TB Xbox Series X is listed at $729.99, a PS5 Pro at $899.99, and the Switch 2 at $499.99 beginning in September. Sony reported in May that PS5 sales fell 46 percent year over year after the base PS5 price rose to $649.99, $150 above its 2020 launch price.

Xbox CEO Asha Sharma said mass audiences may struggle to afford high hardware costs. “I think we’ve reached a point where it will be hard to imagine that mass audiences can afford thousands of dollars to spend on a console generation,” Sharma stated. The Switch has sold more than 150 million units and the PS5 more than 90 million units.