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AMD’s Semi-Custom SoC That’ll Power the Next-Gen Xbox is “Progressing Well to Support a Launch in 2027,” Says AMD CEO

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The next-gen Xbox could launch next year, as AMD CEO Dr. Lisa Siu says the semi-custom SoC that’ll power the device is « progressing well. »
The next-gen Xbox console from Microsoft, which we know will be powered by a semi-custom SoC currently in development from AMD, is « progressing well to support a launch in 2027 », said AMD’s chief executive officer, Dr. Lisa Siu, during the company’s 2025 fourth quarter earnings call.
« 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 », Dr. Siu said on the call. « From a product standpoint, Valve is on track to begin shipping its AMD-powered Steam Machine early this year. And development of Microsoft’s next-gen Xbox featuring an AMD semi-custom SoC is progressing well to support a launch in 2027. »
Dr. Siu’s comment about the Steam Machine isn’t anything new, as it only corroborates what Valve has said regarding the release of the Steam Machine, Steam Frame, and Steam Controller, which have always had an « early 2026 » release window.

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