Valve has increased the price of the Steam Deck by nearly 50% across all models. The 512GB OLED version now costs $789, up from $549, while the 1TB OLED model has risen 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 hikes are due to rising costs for components and logistical challenges, rather than any changes to the hardware itself.

The company stated, "Steam Deck itself hasn't changed; these new prices reflect the current state of component costs and other global logistical challenges across the industry as a whole."

The recent increase in prices reflects wider industry trends affecting hardware costs. Memory, SSDs, and GPU components have all seen sharp price rises, mainly driven by demand for AI infrastructure.

Prices for DRAM and NAND flash have especially climbed throughout 2026, with industry officials, including a Team Group executive, warning that prices are likely to continue rising.

This cost pressure has impacted pricing across the PC hardware market and has led to recent increases in other areas.

Valve cited global logistical challenges as a factor, pointing to supply chain disruptions such as the closure of the Strait of Hormuz following the conflict between the United States and Iran. These disruptions have affected component supplies across the industry, with no clear timeline for resolution.

The US prices have been updated as follows: the Steam Deck 512GB OLED now costs $789, up from $549, and the 1TB OLED model is priced at $949, compared to $649 previously.

Prices in other regions have increased proportionally. These new prices apply to all current Steam Deck purchases.

The price increase raises concerns for Valve's upcoming Steam Machine, the SteamOS-powered gaming PC announced in 2025. Valve recommitted to a 2026 launch 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 challenging. If component costs do not improve, a delay into 2027 remains possible.

The price hikes come after Valve acknowledged that the $99 Steam Controller was 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 hold off on their purchase, especially since there are expectations that component costs could rise further before they eventually stabilize.