Valve has increased the price of steam cover by almost 50% in all models. The 512GB OLED version now costs $789, down from $549, while the 1TB OLED model has increased from $649 to $949 in the United States.
The price increase is also reflected internationally, with the 1TB model now priced at $1,349 in Canada before sales tax.
Valve explains that the price increases are due to rising component costs and logistical challenges, rather than changes to the hardware itself.
The company stated: “Steam Deck itself has not changed; these new prices reflect the current state of component costs and other global logistics challenges across the industry as a whole.”
What drove Valve’s Steam Deck price increase?
The recent price increase reflects broader industry trends affecting hardware costs. Memory, SSD and GPU components have seen sharp price increases, driven primarily by demand for AI infrastructure.
DRAM and NAND flash prices have risen especially throughout 2026, and industry officials, including a Team Group executive, have warned that prices are likely to continue rising.
This cost pressure has impacted prices. throughout the PC hardware market and has led to recent increases in other areas.
Valve cited global logistics challenges as a factor, pointing to supply chain disruptions such as the closure of the Strait of Hormuz following the US-Iran conflict. These disruptions have affected component supply across the industry, with no clear timeline for their resolution.
Current Steam Deck prices and what it means for the next Steam Machine
US pricing has been updated as follows: the 512GB OLED Steam Deck is now $789, down from $549, and the 1TB OLED model is priced at $949, down from $649 previously.
Prices in other regions have increased proportionally. These new prices apply to all current Steam Deck purchases.
The price increase raises concerns about Valve’s upcoming Steam Machine, the SteamOS-powered gaming PC announced in 2025. Valve recommitted to a 2026 release in March, but has not announced a specific price or release date.
Similar component cost pressures affecting the Steam Deck suggest that a competitively priced Steam Machine in 2026 may be a challenge. If component costs do not improve, a delay until 2027 remains possible.
The price increases come after Valve acknowledged that the $99 Steam Controller launched at a higher price than initially planned, citing similar cost pressures.
Steam Decks are now back in stock and available for purchase directly from Valve at the new prices. The price increase may cause some potential buyers to postpone their purchase, especially as there are expectations that component costs could rise further before they finally stabilize.
