Although there were some rumors earlier, Valve's designer Lawrence Yang and engineer Pierre-Loup Griffais, have confirmed that a new and more powerful Steam Deck will not be coming in the next few years. The Steam Deck has been quite popular and has somewhat revived the handheld gaming market. Despite having troubles with production and stock early on, it has been selling like hotcakes.

A year from its official launch, first rumors about an upgraded Steam Deck started to show up. The Steam Deck might be struggling to run some of the latest games, which means that Valve is certainly looking closely at what can be improved. Speaking to Rock Paper Shotgun, Lawrence Yang said that "a true next-gen Deck with a significant bump in horsepower wouldn't be for a few years."This also does not mean that Valve will not improve some things, as it is certainly working on screen and battery improvements, as rumored late last year. This probably means that we might see an improved Steam Deck, but the true successor probably will not come before 2026, or late 2025. In the meantime, the current Steam Deck is selling very well, and is currently third on its global top sellers list, just behind Counter Strike: Global Offensive and Apex Legends games.