AMD CEO Dr. Lisa Su let out a hint about when a next-gen Xbox could launch during the company's Q4 2025 earnings call. Providing commentary on client revenue, the top executive said, "Development of Microsoft 's next-gen Xbox featuring an AMD semi-custom SoC is progressing well to support a launch in 2027."

AMD has been a long-term partner with Microsoft on its Xbox consoles. Both the Xbox One and Xbox Series consoles sport semi-custom AMD SoCs. More recently, AMD and Microsoft partnered for the Asus ROG Xbox Ally X , and the two companies announced a partnership for the next-gen Xbox console in June 2025.

Neither AMD nor Microsoft have confirmed a release window up to this point, but rumors have pointed toward a 2027 for the past several months. In August 2025, leaker Moore's Law is Dead suggested the next-gen APU, reportedly codenamed "Magnus," would leverage Zen 6 and Zen 6c CPU cores, along with an RDNA 5-powered GPU.

The 2027 window runs counter to what we previously expected from the next-gen Xbox. During Microsoft's trial against the FTC concerning its acquisition of Activision-Blizzard, internal Microsoft documents surfaced suggesting a 2028 release. In the documents, Microsoft refers to the device as a "next generation hybrid game platform," and suggested Microsoft was looking at the differences between an ARM64 and x64 ISA.

However, the leaked slide backs up some of the rumors we've heard since, including the partnership with AMD to the use of Zen 6 CPU cores and a "Navi 5" GPU. A road map that was shared as part of the leaked documents showed Microsoft targeting an early 2026 tapeout for silicon, with the first development kits shipping in late 2026 / early 2027. These internal roadmaps are interesting, though internal plans are always subject to change.

Although it sounds like Microsoft is set to launch a next-gen Xbox in 2027, the wording here is important. Su says AMD is ready to "support a launch in 2027," which hedges against AMD out-right confirming the release year. The comment came as part of AMD's prepared remarks for its quarterly earnings call, so the wording is important to take into consideration.